The reason for all the celebration was my long-time Nemesis Share OPTI:Optibiotix suddenly broke out and climbed from a bid price of 74p to 92p. That's worth around £13,500.
There were a few poor performers elsewhere eating into that, so the final position was an increase in portfolio value of £13,318 which is more than double my previous best ever week. The portfolio shot into the black by £10,120 and just 2 weeks after breaking the magic £80K, it smashed through £90K and stands at £94,407. I do believe the extra-magic £100K is within grasp!
There was only one seriously poor performer. CAML:Central Asia Metals is having a really hard time lately, and dropped another 8% to 230.5p this week. I can't understand why. They make tons of cash and give a considerable chunk of it back to investors. I've only got £3,564 invested, having sold about £1,000 worth when they were 330p and went over 10% of my portfolio, yet I've had £853 dividends in less than three years. They have just bought a new mine which should enhance their profitability even more. The P/E ratio is 10 based on last years profits, but they will double with the new mine. I really wish I had spare cash to top up at these prices, as I firmly believe they will be back to 340p before too long.
All the other losses were relatively small, but there were a lot of them.
Good news that CEY:Centamin seems to be turning around now, with a 5% climb this week. They are only down by 5% from when I purchased them now, after an inexplicable dive from 160p to 120p due to short term grade reduction and lower gold output as a result. That low grade ore has been worked now, so production should get back to normal and there should be a rapid return to 160p, at which point I may sell up so I have cash for CAML:Central Asia Metals or VRS:Versarien if that drops back below 100p.
AMYT:Amryt Pharma reversed the recent decline and rose 8% and is only 8% down on purchase price. I'm looking forward to the next results as I think people will be surprised how much income is coming in from Lojuxta sales.
TLOU:Tlou Energy actually went down from 6p to 5.8p this week, but as I bought another 10,200 shares on open offer at 5.75p with no commission, the performance of my holding improved by 8%. I'm still confident that with the current reserves this company will fly even without winning the tender to build a power station. It's just a question of how long it will take. I wouldn't be surprised if they end up selling out to the Botswana government once the full reserves are confirmed. They need the power and we have a massive gas reserve.
SBTX:SkinBioTherapeutics has been very quietly climbing this week. I didn't even notice until today, when I realised it's 9% up and has climbed 18% this week. Not long until human trials, then things could get interesting.
Share of the Week without a shadow of doubt is OPTI:Optibiotix. In fact, within a week I've earned more potential profit from this than any other share. It went up 27% and my holding is now making £19,268 (40%) potential profit.This is nothing though - the fun is only just beginning. There's a hell of a long way to go yet. I think there will be gradual climb to 120p as new investors come on board, then a lull for a while until announcement of a retail contract for "Go Figure" or big Sweetbiotix deal. That could catapult it to 200p by the end of 2019. 200p would give me £99,941 potential profit and it's not just a dream - it's easily achievable. The long wait has certainly been worth it.
I was worried the weekly snapshot wouldn't get to celebrate a graph like this, but the re-trace never came. That's the steepest climb ever!
The ISA and share portfolios looks like this
| Weekly Change | |||
| Cash | £111.02 | -£500.50 | |
| Portfolio cost | £56,047.10 | +£586.50 | |
| Portfolio sell value (bid price - commission) | £61,490.32 | (9.7%) | +£9,361.56 |
| Potential profits | £12,998.69 | +£9,203.16 | |
| Yr 3 Dividends | £59.28 | +£0 | |
| Yr 3 Profit from sales | £11,984.62 | +£0 | |
| Yr 3 Average monthly cash profit | £1,040.23 | (22.3%) | -£21.23 |
| Total Dividends | £1,238.33 | +£0 | |
| Total Profit from sales | £18,697.12 | +£0 | |
| Average monthly cash profit | £556.83 | (11.9%) | -£3.64 |
| (Sold stocks profit + Dividends - Fees / Months) |
The cost went up due to the TLOU:Tlou Energy open offer, and that reduced cash, although I added £86 fr the upcoming IKA:Ilika open offer which is why cash on dropped by £500. Potential profits soared, and there were some slightly reduced losses to add to that. Average monthly performance dropped a bit more than usual in percentage terms due to the sudden increase in portfolio value.
Gap cleared and left way behind.
The SIPP looks like this after week 138
| Weekly Change | |||
| Cash | £20.03 | +£0 | |
| Portfolio cost | £27,893.76 | +£0 | |
| Portfolio sell value (bid price - commission) | £32,736.65 | (17.4%) | +£3,957.17 |
| Potential profits | £7,543.63 | +£4,019.65 | |
| Yr 3 Dividends | £292.57 | +£0 | |
| Yr 3 Profit from sales | £1,619.73 | +£0 | |
| Yr 3 Average monthly cash profit | £233.07 | (10%) | -£7.06 |
| Total Dividends | £1,208.67 | +£0 | |
| Total Profit from sales | £10,544.92 | +£0 | |
| Average monthly cash profit | £361.81 | (15.6%) | -£2.64 |
| (Sold stocks profit + Dividends - Fees / Months) |
Profits soared, but were dampened by CAML:Central Asia Metals dropping 8%. Performance still looking amazing. Still no sign of the MMX:Minds + Machines recovery I was hoping for - if that happens I'll be selling them and buying more CAML:Central Asia Metals.
I've been trapped in a value range for almost a year - it may have just broken out.
As the trading portfolio reaches its 2nd anniversary this week, I reluctantly have to fess up what a disaster it is
| Weekly Change | |||
| Cash | £0.03 | +£0 | |
| Portfolio cost | £345.65 | +£0 | |
| Portfolio sell value (bid price - commission) | £180.22 | (-47.9%) | +£0 |
| Potential profits | £0 | +£0 | |
| Year 2 Dividends | £0 | +£0 | |
| Year 2 Profit | -£218.50 | +£0 | |
| Yr 2 Average monthly cash profit | -£18.21 | (-63.2%) | +£0.36 |
| Dividends | £1.15 | +£0 | |
| Profit from sales | -£241.35 | +£0 | |
| Average monthly cash profit | -£10.01 | (-34.7%) | +£0.10 |
| (Sold stocks profit + Dividends - Fees / Months) |
LION:Lionsgold is the only holding and it's been suspended for months. I'm showing a loss because I decided to move my JLP:Jubilee Platinum and KIBO:Kibo Mining shares into my ISA and when I did that I treated it as a sale at a loss from this account - and buying cheap shares in the ISA.
The idea was that I would find volatile shares and trade them on a frequent basis, however every share I chose tanked straight after, and as I didn't follow the rules and take a small loss, I ended up stuck with them for ages.
This account has held 4 companies in 2 years - a trading account should have 4 companies in a month! I'm not prepared to waste any more money on it, so it's staying like this until LION:Lionsgold goes into profit. If that doesn't happen then I may just abandon the whole experiment.
Hahahahahahahaha - what a heap of rubbish!
That's it for another week - not just another week - the best of weeks. A new benchmark to judge other weeks by. How long till this record gets broken?
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