By far the worst performer this week was IQE:IQE which dropped by 13% in my SIPP which I purchased fairly recently. My ISA holding dropped by a spectacular 179% of the original purchase price, partly due to the 13% drop in current price and partly due to buying a load more on Monday just before the 13% drop and increasing my weighted average purchase price from 29p to 39p. Merry bloody Christmas!
Next worst performer was my brand new share BLU:Blue Star Capital, which I thought was on a steady march upwards, and it was until the second I bought it. My purchase price is higher than the highest ever price shown on their chart! I really must stop buying shares on a Monday morning! In the week I've owned them the price has dropped by 26%. Whoopy doo!
Loads of other drops for no reason other than Christmas sucks. KIBO:Kibo Mining down 7% and now runner-up Nemesis Share to OPTI:Optibiotix which dropped another 2p just after I purchased which altogether cost the portfolio value £900. Spawn of OPTI:Optibiotix, SBTX:SkinBioTherapeutics dropped another 7% and is now 44% down and MTFB:Motif Bio fell another 5% and will soon be in the red. AMYT:Amryt Pharma dropped 4% but it's such a big holding that cost a lot.
There were a few glimmers of hope to slightly reduce the impact of the losses.
RED:RedT Energy recovered slightly and climbed 5% but is still 19% down, and WRES:W Resources climbed 7% on news of financing but is still 40% down.
Share of the Week for the second week in a row, climbing 10% for the second week in a row, is the best run company in my portfolio CAML:Central Asia Metals. This is now up by 65% and if you include dividends it's 75% up on what I paid. Maybe this would have been a better investment for my CWR:Ceres Power proceeds?
I hate bloody Christmas!
The ISA and share accounts look like this
| Weekly Change | |||
| Cash | £66.20 | +£0 | |
| Portfolio cost | £44,981.97 | +£555.13 | |
| Portfolio sell value (bid price - commission) | £45.330.59 | (+0.8%) | -£2,834.07 |
| Potential profits | £8,453.50 | -£2,074.93 | |
| Yr 3 Dividends | £34.11 | +£0 | |
| Yr 3 Profit from sales | £1,131.66 | +£546.31 | |
| Yr 3 Average monthly cash profit | £252.19 | (6.7%) | +£117.50 |
| Total Dividends | £1,213.16 | +£0 | |
| Total Profit from sales | £7,844.16 | +£546.31 | |
| Average monthly cash profit | £314.85 | (8.4%) | +£16.82 |
| (Sold stocks profit + Dividends - Fees / Months) |
The CWR:Ceres Power sale did boost the year 3 performance significantly, and helped nudge the overall average performance up by £16 a month as it tries to get back to the target 10%. The £546 profit was good - although could have been so much better if I had waited a week! So if you take away the cost of the sale to paper profits, there was still a £1,500 drop as nearly everything fell in value. It's the worst hammering these accounts have had in a while.
There's only £348 keeping this in profit so a real chance the red line will be breached next week and leave me under water for Christmas.
The SIPP looks like this after week 107
| Weekly Change | |||
| Cash | £8.66 | +£0 | |
| Portfolio cost | £26,007.03 | +£0 | |
| Portfolio sell value (bid price - commission) | £27,683.92 | (6.4%) | -£160.08 |
| Potential profits | £3,812.70 | +£205.44 | |
| Yr 3 Dividends | £0 | +£0 | |
| Yr 3 Profit from sales | £0 | +£0 | |
| Yr 3 Average monthly cash profit | £0 | (0%) | +£0 |
| Total Dividends | £916.10 | +£0 | |
| Total Profit from sales | £8,925.19 | +£0 | |
| Average monthly cash profit | £392.14 | (18.1%) | -£3.70 |
| (Sold stocks profit + Dividends - Fees / Months) |
Potential profits were up thanks to the amazing rise of CAML:Central Asia Metals, but although that negated the drop in IQE:IQE profits, it couldn't compete with the losses to OPTI:Optibiotix so the value drooped by £160 which is thankfully nothing compared to the other accounts.
There was excitement at the end of the week when ARL:Atlantis Resources shares were suspended after the announcement of a proposed reverse takeover which will significantly enlarge the company and change the name to SIMEC Atlantis Energy Limited. It will give access to lots more renewable energy assets, so will be interesting to see if the share price can recover from its 48% slump when the shares resume trading.
That's not too alarming as long as the trend reverses at some point soon.
The trading account looks like this after week 73
| Weekly Change | |||
| Cash | £79.63 | +£0 | |
| Portfolio cost | £486.05 | +£0 | |
| Portfolio sell value (bid price - commission) | £257.71 | (-47.0%) | -£2.78 |
| Potential profits | £0 | +£0 | |
| Dividends | £1.15 | +£0 | |
| Profit from sales | -£22.85 | +£0 | |
| Average monthly cash profit | -£1.29 | (-3.2%) | +£0.02 |
| (Sold stocks profit + Dividends - Fees / Months) |
A 1p drop in REDS:RedstoneConnect made very little difference.
I should be trading the massively volatile crypto currency shares with this account. I may have to lend myself some cash to do that over Christmas rather than watch this fester.
IQE:IQE promised a trading update before the end of the year. To be fair they didn't say whether they meant calendar year or financial year, but in the past there has been an update in mid-December. I think one of the reasons for the fall in share price is people bought in expecting a positive update, and the shorters won't close their positions until one comes through, and only then if things are exceeding expectations. Let's hope something comes through next week.
There was a very strange RNS from OPTI:Optibiotix announcing 73 warrants had been exercised raising £5.84. This would be an utterly pointless waste of time - unless those warrants needed to be tidied up, maybe prior to some sort of announcement of distribution of SBTX:SkinBiotherapeutics shares? That would be a really, really nice Christmas present given the current desperate state of the share price, which is still an absolute mystery given the relentless good news over the last few weeks. Now it's gone on this long I hope it continues for a few more weeks when my pension transfer may have come through and I can buy some more.
A short week next week, but hopefully most traders will still be at work and it won't be a damp squib. One positive week as a sop to a Santa rally would be nice - especially with my accounts being so close to slipping into the red.
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