Leading the fallers is OPTI:Optibiotix, falling 17% this has dropped from 130p to 88p in a few weeks and all the profits I was strongly advised not to top-slice by the CEO have gone. I still think he was right to advise that, and I'm sure this share price is being manipulated, so I can't blame him. It was my decision to keep them, and I stand by it, as I firmly believe they will be back at 130p soon.
RED:RedT Energy dropped 16% putting an end to their brief rise.
CEY:Centamin dropped 11% as they continue to plummet against all odds. I'll soon be getting £8,000 transferred into my SIPP from my work pension, as I've discovered it's rather easy and Legal & General have screwed me over. They are force-selling my Blackrock Gold fund at a really low price and buying a general fund at a high price. I believed I was investing for the long term, but they've absolutely buggered up my long term strategy and have no gold option to re-invest the proceeds in because they feel it's "too specialised". Is it bollocks!! So I shall be transferring my monthly contributions into my SIPP and managing it myself every time there's £1,000. £4,000 of the proceeds will be going straight into CEY:Centamin at these prices.
MTFB:Motif Bio, RDT:Rosslyn Data and SBTX:SkinBioTherapeutics all dropped 5% for no reason.
Only 2 shares rose by more than 5%. IKA:Ilika climbed 6% after news of a new research partnership (still years away from delivering anything) and Share of the Week is MMX:Minds + Machines which climbed 10% but is still 13% down.
Really, really depressing
Here's the combined ISA and share portfolio
| Weekly Change | |||
| Cash | £25.99 | +£19.38 | |
| Portfolio cost | £56,958.55 | +£0 | |
| Portfolio sell value (bid price - commission) | £59,776.46 | (4.9%) | -£6,202.55 |
| Potential profits | £10,929.61 | -£5,794.38 | |
| Yr 4 Dividends | £52.69 | +£23.13 | |
| Yr 4 Profit from sales | £814.53 | +£0 | |
| Yr 4 Average monthly cash profit | £412.13 | (8.7%) | -£41.02 |
| Total Dividends | £1,291.02 | +£23.13 | |
| Total Profit from sales | £19,511.65 | +£0 | |
| Average monthly cash profit | £542.19 | (11.4%) | -£2.79 |
| (Sold stocks profit + Dividends - Fees / Months) |
There was a £23.13 dividend from CEY:Centamin but £3.75 was taken as ISA charge so cash is just up by £19. £5,795 paper profits evaporated and deepening losses reduced value by £6,202. Average profit should stay above 10% for another 14 weeks without me having to sell anything.
We seem to be in a very volatile phase.
The SIPP looks like this after week 149
| Weekly Change | |||
| Cash | £30.16 | -£12.67 | |
| Portfolio cost | £27,893.76 | +£0 | |
| Portfolio sell value (bid price - commission) | £31,179.44 | (11.8%) | -£2,670.64 |
| Potential profits | £6,799.63 | -£2,717.83 | |
| Yr 3 Dividends | £292.57 | +£0 | |
| Yr 3 Profit from sales | £1,619.73 | +£0 | |
| Yr 3 Average monthly cash profit | £172.26 | (7.4%) | -£5.16 |
| Total Dividends | £1,208.67 | +£0 | |
| Total Profit from sales | £10,544.92 | +£0 | |
| Average monthly cash profit | £333.94 | (14.4%) | -£2.63 |
| (Sold stocks profit + Dividends - Fees / Months) |
Cash dropped by £12 due to monthly charges. Paper profits dropped by more than the value dropped, so some losses were reduced as MMX: Minds + Machines improved. Nothing else happened really.
Same story as above but with a slightly wider buffer to the red line
Trading looks like this after week 115
| Weekly Change | |||
| Cash | £151.47 | +£0 | |
| Portfolio cost | £2,321.29 | +£0 | |
| Portfolio sell value (bid price - commission) | £1,884.39 | (-18.8%) | -£15.62 |
| Potential profits | £102.96 | -£5.04 | |
| Year 3 Dividends | £0 | +£0 | |
| Year 3 Profit | £177.06 | +£0 | |
| Yr 3 Average monthly cash profit | £76.73 | (39.7%) | -£8.52 |
| Dividends | £1.15 | +£0 | |
| Profit from sales | -£64.29 | +£0 | |
| Average monthly cash profit | -£2.40 | (-1.2%) | +£0.02 |
| (Sold stocks profit + Dividends - Fees / Months) |
The usual tick down in value and TAP:Taptica keeps dropping so it looks like I should have taken those profits a few weeks ago. No doubts I'll watch them dwindle away as everything else continues to get hammered.
At least the decline is slow, but relentless.
That's it - utterly fed up and it's getting worse. Not looking forward to Friday's update unless something very unlikely happens over the next 2 days.
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