Slumps in some of my biggest holdings caused an overall drop of £2,439 taking the combined portfolios £489 into the red and obliterating the buffer. The portfolio value now stands at £63,463 and has lost more than £4,000 in value over the last 3 weeks.
Worst performer this week was IQE:IQE which had to suffer some profit taking sooner or later, and it's happening big-time now, with a drop of 23% this week. Fortunately that still leaves my ISA up by 156% but has hammered the potential profits.
KIBO:Kibo Mining is the only other double-digit loser, dropping 11%, but falls of 8% for AMYT:Amryt Pharma, 6% for CAML:Central Asia Metals and 4% for my biggest holding OPTI:Optibiotix all contributed to the massive drop in portfolio value.
There were a few good news stories, with LGEN:Legal & General up by 5% which is a lot for this normally stable share, CWR:Ceres Power Holdings up 6% and Share of the Week by miles was TLOU:Tlou Energy, up 28% but on a relatively small holding
Bye bye buffer. Such a short time in the black. I'll just have to hope the current 3-week cycle of dips has finished and we go back into profit next week.
Here's to performance of the combined ISA and share accounts
| Weekly Change | |||
| Portfolio cost | £45,614.89 | +£0 | |
| Portfolio sell value (bid price - commission) | £43,890.54 | (-3.8%) | -£1,599.54 |
| Potential profits | £5,926.67 | -£595.40 | |
| Yr 2 Dividends | £500.59 | +£14.30 | |
| Yr 2 Profit from sales | £2,401.06 | +£0 | |
| Yr 2 Average monthly cash profit | £258.23 | (6.8%) | -£4.52 |
| Total Dividends | £1,168.52 | +£14.30 | |
| Total Profit from sales | £6.241.32 | +£0 | |
| Average monthly cash profit | £316.69 | (8.3%) | -£2.74 |
| (Sold stocks profit + Dividends - Fees / Months) |
Value absolutely clobbered, with £595 reduced profits and £1,000 of deepening loss. There needs to be some news for some of the key holdings to have a reversal in fortunes. £14.30 was a welcome dividend from TND:Tandem Group.
Ouch!
Here's the SIPP after week 84
| Weekly Change | |||
| Portfolio cost | £17,853.50 | +£0 | |
| Portfolio sell value (bid price - commission) | £19,223.48 | (7.7%) | -£854.28 |
| Potential profits | £3,118.48 | -£531.57 | |
| Yr 2 Dividends | £294.96 | +£0 | |
| Yr 2 Profit from sales | £1,596.81 | +£0 | |
| Yr 2 Average monthly cash profit | £248.32 | (16.7%) | -£9.06 |
| Total Dividends | £708.15 | +£0 | |
| Total Profit from sales | £3,946.67 | +£0 | |
| Average monthly cash profit | £234.52 | (15.8%) | -£3.22 |
| (Sold stocks profit + Dividends - Fees / Months) |
A huge drop, mostly reduced profits but also some deepening loss. Still no need to sell anything to keep performance stats up though.
A worrying narrowing of the gap in an account that's been in the black for well over a year.
The pointless trading account looks like this after week 50
| Weekly Change | |||
| Portfolio cost | £486.05 | +£0 | |
| Cash | £79.63 | +£0 | |
| Portfolio sell value (bid price - commission) | £349.45 | (-28.1%) | +£13.90 |
| Potential profits | £0 | +£0 | |
| Dividends | £0 | +£0 | |
| Profit from sales | -£22.85 | +£0 | |
| Average monthly cash profit | -£1.98 | (-4.9%) | +£0.04 |
| (Sold stocks profit + Dividends - Fees / Months) |
The share prices toggles up and down by 5p almost every week but never goes any higher, so it's looking like after 1 year this account will have made a loss and be well in the red - a great advert for trying to trade rather than invest!
Rubbish!
A torrid week. All I can hope is that there will be a bounce back this week to get back into the black, but it will take news rather than an upturn in general market sentiment.
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