Week 79 Review - Gloomy Friday

Well they say pride comes before a fall. I was so happy yesterday that the combined portfolios had gone into profit, but it all went horribly wrong today when half the week's gains vanished. Gloomy Friday I think it should become known as. I ended the week £586 better off than last week, but the portfolio is back to a £554 loss. £700 wiped off the value in one day, and largely by increasing spreads rather than significant price drops. I'm hoping this fact will mean the dip will be short lived, as AMYT:Amryt Pharma has an 8% spread, CWR:Ceres Power 7%, KIBO:Kibo Mining 10% and OPTI:Optibiotix 5%. These are all way wider than usual for these shares.

There was only one double-digit loser this week, but it was a big one and a big drop. KIBO:Kibo Mining fell 15% to just 4.75p. I never thought it would get sub 5p again.

Lots of shares were up 10% this week, with IQE:IQE, PAF:Pan African Resources and TLOU:Tlou Energy all climbing by double digits. JLP:Jubilee Platinum did a little better, up 12% and probably should be Share of the Week. However it's not, due to a technicality

AMYT:Amryt Pharma wins the prize, as the tiny holding I had last week was down 32% from the FAST:Fastnet Oil & Gas reverse takeover price. However, thanks to my big purchase this week and a rally of just 1% in the share price since the start of the week, the fact I bought on a dip means this holding is up 29% and is just 3% in loss now.

Here's the main and ISA portfolios performance

			Weekly Change
Portfolio cost	£42,118.09		+£186.26
Portfolio sell value (bid price - commission)	£38,253.90	(-9.2%)	+£625.76
Potential profits	£2,322.31		+£563.33
Yr 2 Dividends	£287.35		+£0
Yr 2 Profit from sales	£2,917.65		+£72.32
Yr 2 Average monthly cash profit	£510.77		-£8.22
Yr 2 Avg annual % of current portfolio cost	14.6%
Total Dividends	£955.28		+£0
Total Profit from sales	£6,757.91		+£72.32
Average monthly cash profit	£418.54		-£1.56
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	11.9%

There was a profit of £72 from the sale of NANO:Nanoco, and with the injection of £100 from my current account and some spare cash in the share account, the portfolio cost went up £186 when I bought more AMYT:Amryt Pharma to take that share up to 10.3% of my portfolio.

Potential profits are up a healthy £563 and they made up the majority of the £625 gains this week. If only today hadn't have been such a downer, these accounts would have been up by over £1,000 this week. Never mind - there's always next week...

As a result of the small profits gained this week, the overall monthly performance just dropped by £1.56. Year 2 projected performance is still better than overall, but is gradually dropping towards it.

The gap narrows!

The SIPP looks like this after week 63

			Weekly Change
Portfolio cost	£15,919.91		+£0
Portfolio sell value (bid price - commission)	£19,348.56	(+21.5%)	+£92.77
Potential profits	£3,758.48		+£109.20
Yr 2 Dividends	£0		+£0
Yr 2 Profit from sales	£0		+£0
Yr 2 Average monthly cash profit	£0		+£0
Yr 2 Avg annual % of current portfolio cost	0%
Total Dividends	£413.19		+£0
Total Profit from sales	£2,349.86		+£0
Average monthly cash profit	£185.10		-£3.51
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	14.0%

Not much going on here. A small increase in value to negate last week's drop, and there were a few deepening losses as the potential profits were up £109. The usual slow decline in performance from sales and dividends will continue for some time as I don't want to sell anything.

Good to see it heading back in the right direction

The trading account looks like this after week 29

			Weekly Change
Portfolio cost	£986.03		+£0.03
Cash	£75.59		+£61.59
Portfolio sell value (bid price - commission)	£867.40	(-12%)	-£132.43
Potential profits	£0		-£65.59
Dividends	£0		+£0
Profit from sales	£61.57		+£61.57
Average monthly cash profit	£9.20		+£9.20
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	11.2%

Now then, I do believe we have some stats to play with!

I was contemplating selling SLP:Sylvania Platinum when I wrote my update last night, and when I saw KIBO:Kibo Mining fall even further this morning, I had to buy them. I sold SLP:Sylvania Platinum for 10.68p and made a profit of £61.67 (12%). My rule is that I cannot spend more than £500 on any one share, so I bought 9,664 KIBO:Kibo Mining shares for 5p with £4.83 stamp duty costing £499.98. The offer price at the end of the day is up to 5.25p, but with a 10% spread the bid price is 4.75p and shares are down by £52. The REDS:RedstoneConnect shares also dropped a tiny amount this week and are losing £65.

So in summary, the account is finally off to a start, the purchase made the cost go up by only 3p but the cash is now standing at £75. This will be untouchable until it gets up to £500 and I can buy another share. Unfortunately the sale wiped out my paper profit and the portfolio value dropped by £132, but it does mean we have a projected monthly performance figure now, of £9.20 a month. That's based on me continuing this performance over the next 6 months until we have a full year to measure. That would be the equivalent of 11.2% of the portfolio cost. I'm hoping I can do a lot better than that!

The boring graph suddenly got interesting. Let's hope that trend continues.

Next week I'm hoping the mad spreads will narrow and raise the bid prices of my biggest holdings. I'll be getting a decent GVC:GVC Holdings dividend in my account, but it's not big enough to buy anything with so I have to resist the urge to top up on pay day, as there's still that Visa bill to address before April. There does seem to be some momentum behind many of my top holdings at the moment, and if KIBO:Kibo Mining can sort itself out, then things will be looking a lot better.