Tuesday, 31 July 2018

Portfolio rockets through £100,000

Today was the best day yet for OPTI:Optibiotix.

I kept expecting it to pull back, but apart from the odd blip it just headed higher and higher.

A 9p rise to add to yesterday's 3p rise has bolstered paper profits by just under £9,000 to £30,472, which is a 61% rise on my average purchase price.

I always hoped this would happen at some point, but after three years of waiting I was beginning to despair.

I think the excitement spilled out to SBTX:SkinBioTherapeutics, as that climbed 14.6% today and is now making £657 (62%) profit on my much smaller investment.

All this takes my weekly improvement in value to £9,224 by Tuesday, and the portfolio value soars to £106,542. Surely it can't bust through £110K this week?

Let's look at a chart!




Oh yes - that's more like it - one to pin up on the wall before it has a chance to change its mind.

Meanwhile, back on planet earth, my over-allocation request for IKA:Ilika open offer shares was granted, so I got 500 for £100. It reduces my weighted average from about 55p to 43p, but it's very much a punt as I'm not massively optimistic. Exciting IP though, especially the potential for solid state batteries in vehicles.

My holding is still making a 54% loss of £362, but it was a 65% loss before the new shares were added at a discount - so huzzah!

As I was writing the 2-year review of my trading account last week, I shook my head bitterly at how useless I had been, and how this account was meant to have been fun. I said I wasn't going to throw any more money at it, but I may have lied.

Barclaycard sent me a letter offering £2,000 transferred to my bank account for 0% interest until Feb 2020.

Free money for 18 months!

Both my mortgage and the loan I took out to kick-start my portfolio expire in 12 months, so that still gives me 6 months using savings from them for the repayments, which will easily pay it off.

This could be my chance to kick-start the trading account - but do it properly this time.

So, the £2,000 is sat in my account and I already have 2 limit orders set up for tomorrow.

Same rules as before - no more than £500 per transaction, but I get 4 transactions to kick off with.

My plan is to go for 2 higher-priced reputable companies and 2 more risky penny shares.

I've already identified the good companies because I already have shares in them.

IQE:IQE is still being hammered by the shorters, but at below £1 has to be a bargain, so my limit order is for 99p.

CAML:Central Asia Metals should be added in my SIPP and not a trading account, as it's too good for that, but it's at such depressed levels there must surely be a quick breakout coming soon. I added an order at 240p for those.

Now I need to find 2 incredibly volatile penny shares and watch them like a hawk. I must remember my biggest lesson from last time - buy them on the way back up, not on the way down, as it's very hard to forecast how low they will go.

Gosh - so much fun and excitement this week - hope there's no big announcements else I might explode...

No comments:

Post a Comment