I've been growing increasingly concerned that my average profits from sales and dividends in my ISA and share accounts has dipped well below 10% at 8.3%. However, my new priority was to get the combined portfolios into the black and keep them there, and there was nothing I particularly wanted to sell.
Last night I decided there were a few shares I could sell, and with the combined portfolios plunging into the red on Friday, my morale needed a boost.
I sold my 3,949 shares in SXX:Sirius Minerals at 28.077p making a modest £90.21 (10.1%) profit. I bought back into these when they were about to enter the FTSE250 expecting a rise as tracking funds bought them. There was a really good rise, but it's been tailing off ever since. As it's at least 5 years before they make any profit, and there are lots of risks between now and then, I decided to put my money elsewhere. I will watch and may return though.
My other long-burner that's quite a few years from revenue is TLOU:Tlou Energy. I sold half my holding a while back for £328.55 (63%) profit, and since then the price has been quite low. After a recent rally I sold my remaining 10,000 shares at 9.322p making a £380.98 (69.1%) profit. A total of £700 profit has been really good from these, and I'll keep an eye on them with a view to buying again in the future.
The effect of the sales was to boost my average monthly profit to £337 which is 8.7%. Still below my 10% target, but not as much below as 8.3% and the portfolio cost has gone up by £600 too. The downside is that the £418 profit immediately reflects as a paper loss for the week, and with a luke-warm performance in the markets my combined portfolios are already £1,049 down on last week. That's £5,000 down in the last month!
However, I was left with over £2,000 sitting in my ISA when you added old dividends that were lying around - what on earth could I do with it?
Here's an out-of-the-box suggestion. Why not buy some more OPTI:Optibiotix shares while they're even cheaper than they were the last time I bought them?
Oh go on then...
I purchased another 3,402 shares at the ridiculously cheap price of 63.66p costing £2,177.66
That takes OPTI:Optibiotix up to 33.1% of my entire portfolio - gulp!
The great news is the purchase brought the average price down from 73.83p to 71.83p in my ISA, which is excellent considering how many I bought in the early days at 90p.
Maybe one day I'll average the price down to one that's below the actual selling price!!
In the meantime my 30,052 shares are losing £3,057.
However, the good news is that each rise of 1p is now worth £300, so when the imminent news of forecast revenue is published, and with only 78 million shares in circulation, and with a load of free SBTX:Skinbiotherapeutics shares on the way, and with Sweetbiotix launching within months, and with very little cash burn, and with solid IP and patent protection, I am still convinced that one day soon, this deep winter of share price misery will blossom into a spring of gamboling and frolicking through hay meadows as the profits pile up in great heaps.
Here's waiting and hoping...
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