Worst performing share was SXX:Sirius Minerals, dropping 11% but it had to suffer profit-taking at some point after the recent rise. They are still 16% up making £159 potential profit, and this is a very long-term investment.
Another stellar share that was bound to have a bad week sooner or later is IQE:IQE, down 8% this week as the nervous bottle it and sell up. I'm not nervous, I'm excited. This is still my Star Share by a long way, and if anything I want more so the tick down could present an opportunity.
No double-digit risers in this generally dismal week. Share of the Week is CAML:Central Asia Metals which staged a mini rally and climbed 6%. My holding is up by 36% since purchase, but it was 50% a few months back so hopefully the current good copper price will stick for a while and these will make a recovery.
Eeek - it's getting tight!
Here's the combined ISA and share accounts performance
| Weekly Change | |||
| Portfolio cost | £45,614.89 | +£0 | |
| Portfolio sell value (bid price - commission) | £45,490.08 | (-0.3%) | -£845.97 |
| Potential profits | £6,522.07 | -£454.01 | |
| Yr 2 Dividends | £486.29 | +£0 | |
| Yr 2 Profit from sales | £2,401.06 | +£0 | |
| Yr 2 Average monthly cash profit | £262.75 | (6.9%) | -£5.71 |
| Total Dividends | £1,154.22 | +£0 | |
| Total Profit from sales | £6.241.32 | +£0 | |
| Average monthly cash profit | £319.43 | (8.4%) | -£3.26 |
| (Sold stocks profit + Dividends - Fees / Months) |
Once again this account fails to stay in the black and slips back into the red. Half this week's losses were reduced profit, with IQE:IQE being the main culprit, and deepening losses were spread throughout the portfolio.
The trend seems to be 3 bad weeks then a couple of good, so I won't anticipate a turnaround next week.
The SIPP looks like this after week 83
| Weekly Change | |||
| Portfolio cost | £17,853.50 | +£0 | |
| Portfolio sell value (bid price - commission) | £20,077.76 | (12.5%) | -£68.55 |
| Potential profits | £3,650.05 | +£68.86 | |
| Yr 2 Dividends | £294.96 | +£0 | |
| Yr 2 Profit from sales | £1,596.81 | +£0 | |
| Yr 2 Average monthly cash profit | £257.38 | (17.3%) | -£8.58 |
| Total Dividends | £708.15 | +£0 | |
| Total Profit from sales | £3,946.67 | +£0 | |
| Average monthly cash profit | £237.74 | (16.0%) | -£2.90 |
| (Sold stocks profit + Dividends - Fees / Months) |
Potential profits were up thanks to CAML:Cental Asia Metals big rise being enough to cancel out the IQE:IQE drop. Unfortunately deepening losses were twice the gains and we end up £68 down.
Still happy with this. Nice wide gap and helps out the other accounts to keep the combined portfolios in the black. Things could get very saucy with this account in a few months when I transfer my work pension into it!
Let's take a look at the nasty trading account after week 49
| Weekly Change | |||
| Portfolio cost | £486.05 | +£0 | |
| Cash | £79.63 | +£0 | |
| Portfolio sell value (bid price - commission) | £335.55 | (-30.8%) | +£0 |
| Potential profits | £0 | +£0 | |
| Dividends | £0 | +£0 | |
| Profit from sales | -£22.85 | +£0 | |
| Average monthly cash profit | -£2.02 | (-5.0%) | +£0.04 |
| (Sold stocks profit + Dividends - Fees / Months) |
Boring!
Boring!
No results expected next week so the performance of the portfolio is very much news dependent. OPTI:Optibiotix contracts, KIBO:Kibo Mining plans for KAT:Katoro Gold share distribution or licenses, JLP:Jubilee Platinum revenue from Hernic or plans for Tjate are all long-awaited.
Following on from my update about AFG:Aquatic Food shares suspending and the relief that I got out when I did, their Finance Director has resigned with immediate effect. Probably in disgust at the way the board have treated their shareholders. It's an absolute outrage that companies are still getting away with screwing their investors in this way. Interesting that a few days before suspension the share price shot up - I wonder if that was shorts closing? If it was, then such a coincidence they timed the closure just before the shares suspended! How lucky for them...
I have lost all trust in AIM shares. I will be looking at every single one with a big dose of cynicism, especially for signs that the directors are taking the piss. That's colouring some of my existing shares too.
WRES:W Resources are the worst offenders, pumping the share price with "great" news just before a placing but conveniently timing their own big purchases for when the price is low. If this company ever makes money it will be interesting to see if shareholders see any of it. I'll be selling out of this as soon as my holding gets into the black, but I only have a tiny amount to offload.
I'm more concerned about JLP:Jubilee Platinum, as I had high hopes, but my faith in the directors has been hammered by their astounding ability to do something daft just as the share price looks like it might start to rise. Just as Hernic was about to make money they did a placing out of the blue. Tjate seems to have no strategy whatsoever despite years waiting for the licence where they could have been preparing. The share price is lower than it was when we were granted the "game-changing" mining licence. My confidence is shaken and I wonder if buying £4,600 worth of shares was such a great idea. They are losing £782 at the moment. I need something to happen soon to boost my confidence that the directors are considering their shareholders.
There are also my basket case shares that I gave up on a long time ago. AFPO:African Potash are dodgy as hell, and I can't believe I fell for the bullshit. BLUR:Blur Group are deluded and can't stop spending money despite hardly making any, and TRK:Torotrak have obsessively continued to push a technology nobody wants.
I have concerns with RED:RedT Energy who have an amazing, groundbreaking product but haven't sold any - at all - ever! TLOU:Tlou Energy have given opportunities for investors on the Australian market but not on AIM which makes me wonder how committed they are to UK shareholders, and RDT:Rosslyn Data may very well turn into another BLUR:Blur Group.
I think it's a positive change that makes me question the quality of the leadership of companies I'm invested in, and when looking for new companies, I intend to spend a lot more time researching the directors.
Compare the above with companies like OPTI:Optibiotix, CAML:Central Asia Metals and GVC:GVC Holdings, where the directors have continually shown they have shareholder interests at heart. These companies may have waxing and waning fortunes, but I have confidence as an investor I'm not likely to get screwed.
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