Week 82 Review

I'm starting to really dislike Fridays. The number of times Thursday has ended great and I've been all set for a bumper weekly update, and Friday comes along and buggers it all up. Yesterday I was within £70 of breaking even on the combined portfolios, and now I'm £766 in the red thanks to OPTI:Optibiotix losing all this week's gains and KIBO:Kibo Mining dropping back below 5p after getting above it in mid-week. I shouldn't be too grumpy, as this position is still £1,485 better than it was last week, so it has been a stunning week despite Friday.

Worst loser this week was TLOU:Tlou Energy dropping 14% so I'm really happy I sold nearly half my holding last week. SLP:Sylvania Platinum suffered from profit taking and dropped 11%, and rather surprisingly given the price of copper, CAML:Central Asia Metals dropped 10% very quietly over the week which is hundreds of pounds gone off my paper profits.

There were good news stories though, with IQE:IQE climbing 10%, but the biggest good news story was JLP:Jubilee Platinum which climbed a staggering 54% and is not only Share of the Week, but has booted CAML:Central Asia Metals off the Star Share position with a stunning £2,686.85 potential profit.

The share and ISA portfolios look like this

			Weekly Change
Portfolio cost	£42,680.95		+£0
Portfolio sell value (bid price - commission)	£39,057.87	(-8.5%)	+£1,184.57
Potential profits	£3,274.22		+£1,134.75
Yr 2 Dividends	£357.10		+£0
Yr 2 Profit from sales	£3,409.68		+£0
Yr 2 Average monthly cash profit	£540.30		-£19.19
Yr 2 Avg annual % of current portfolio cost	15.2%
Total Dividends	£1,025.03		+£0
Total Profit from sales	£7,249.94		+£0
Average monthly cash profit	£432.72		-£5.54
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	12.2%

Big boost to profits from JLP:Jubilee Platinum. It single-handedly saved the portfolio this week as there wasn't much else to smile about. No dividends or sales so average performance drops off a tiny amount.

Go green line go!

The SIPP looks like this after week 66

			Weekly Change
Portfolio cost	£16,517.17		-£8.02
Portfolio sell value (bid price - commission)	£19,534.55	(+18.3%)	+£299.11
Potential profits	£3,800.73		+£307.60
Yr 2 Dividends	£0		+£0
Yr 2 Profit from sales	£575.85		+£0
Yr 2 Average monthly cash profit	£103.22		-£6.02
Yr 2 Avg annual % of current portfolio cost	7.5%
Total Dividends	£413.19		+£0
Total Profit from sales	£2,925.71		+£0
Average monthly cash profit	£214.05		-£3.75
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	15.6%

Not sure what happened with the portfolio cost - I suspect a typo last week as there's nothing to account for the vanishing £8.02. Most of the increase in profit was thanks to JLP:Jubilee Platinum, with a contribution from IQE:IQE which has moved from loss to £89 profit this week.

Green line establishing its upward trend once more.

The trading account looks like this after week 32

			Weekly Change
Portfolio cost	£986.03		+£0
Cash	£75.59		+£0
Portfolio sell value (bid price - commission)	£825.57	(-16.3%)	+£10.21
Potential profits	£0		+£0
Dividends	£0		+£0
Profit from sales	£61.57		+£0
Average monthly cash profit	£8.34		-£0.27
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	10.1%

KIBO:Kibo Mining snuck up a tiny bit but RED:RedstoneConnect dropped a teeny bit, so we're £10 better off.

Troubling. Hope I don't have to wait as long to sell these as I did the last time!

Interesting news from KIBO:Kibo Mining about the reverse takeover of OPRA:Opera Investments to set up the new company Katoro Mining. Kibo get 61m shares as part of the deal, which would be one share for every 6 of Kibo's. I'm hoping these shares will be destined for shareholders, as I would get 11,846 which at 6p a share would be worth £710.76. That would be nice!