The list of major fallers is huge so I won't go into detail, as there's no reason for the drops other than a general crash of the AIM market.
CAML:Central Asia Metals was the worst performer, dropping 16% and as one of my biggest holdings it had a big impact. TAP:Taptica had a much smaller impact dropping 14% is it's a small holding in my trading account, but I'm kicking myself that I didn't take the £100 profit when I had a chance as I could have bought them back now.
OPTI:Optibiotix released more amazing news this week, including the wife of a director buying 125,000 shares, but whenever good news is announced it's a disaster for the share price, and true to form it lost another 12% and was responsible for most of this week's decline.
SBTX:SkinBioTherapeutics was also a double-digit loser, falling 10%, RED:RedT Energy and MTFB:Motif Bio dropped 9%, with MTFB:Motif Bio going into loss. TEK:Tekcapital dropped 8%, AMYT:Amryt Pharma dropped 7%, MMX:Minds + Machines and KIBO:Kibo Energy dropped 6%, and JLP:Jubilee Metals dropped 5%.
Only two shares went up this week. PAF:Pan African Resources was a negligible gain, and Share of the Week was CEY:Centamin which climbed 7% as the gold price rallied.
So - patronising Legal & General pensions "expert" that pointed out my gold fund is in mining stocks and so was just as susceptible to stock market crashes as other funds can go jump off a cliff. Good news is that the debacle with them forcing me to sell funds bought as long term investments has enabled me to see just how easy it is to transfer money out of my crappy Legal & General work pension and into my SIPP. It took 30 seconds to arrange for £8,000 to be transferred and I should get it within 10 days. Go stick that up your nether regions Legal & General! I shall now transfer out of my work pension every time it gets over £1,000 so I can keep receiving my employers contribution but don't have to trust a company that's screwed me over to look after my money. Fortunately the bulk of my pension is locked away in a final salary scheme so there are only 12 months contributions in the new one, so happy to put up with a bit of risk on that pot.
Looks like Mount Everest - and I just fell off!
Here's the performance of the ISA and share accounts
| Weekly Change | |||
| Cash | £25.99 | +£0 | |
| Portfolio cost | £56,958.55 | +£0 | |
| Portfolio sell value (bid price - commission) | £54,603.37 | (-4.1%) | -£5,172.09 |
| Potential profits | £6,813.29 | -£4,116.32 | |
| Yr 4 Dividends | £52.69 | +£0 | |
| Yr 4 Profit from sales | £814.53 | +£0 | |
| Yr 4 Average monthly cash profit | £370.92 | (7.8%) | -£41.21 |
| Total Dividends | £1,291.02 | +£0 | |
| Total Profit from sales | £19,511.65 | +£0 | |
| Average monthly cash profit | £538.92 | (11.4%) | -£3.27 |
| (Sold stocks profit + Dividends - Fees / Months) |
Take the OPTI:Optibiotix paper profits crash out of the equation and losses deepened by a further £1,000. Nothing more to say.
Looking at the longer term trend, the current value seems about in line - lets hope that means it won't drop any further.
Here's the SIPP after week 150
| Weekly Change | |||
| Cash | £30.16 | +£0 | |
| Portfolio cost | £27,893.76 | +£0 | |
| Portfolio sell value (bid price - commission) | £28,512.40 | (2.2%) | -£2,667.04 |
| Potential profits | £4,300.53 | -£2,499.10 | |
| Yr 3 Dividends | £292.57 | +£0 | |
| Yr 3 Profit from sales | £1,619.73 | +£0 | |
| Yr 3 Average monthly cash profit | £168.51 | (7.2%) | -£3.75 |
| Total Dividends | £1,208.67 | +£0 | |
| Total Profit from sales | £10,544.92 | +£0 | |
| Average monthly cash profit | £331.71 | (14.3%) | -£2.23 |
| (Sold stocks profit + Dividends - Fees / Months) |
Nearly all the losses were reduced paper profit for CAML:Central Asia Metals and OPTI:Optibiotix, with another few hundred quid of deepening loss elsewhere.
At least this account stayed in the black!
Here's the trading portfolio after week 116
| Weekly Change | |||
| Cash | £151.47 | +£0 | |
| Portfolio cost | £2,321.29 | +£0 | |
| Portfolio sell value (bid price - commission) | £1,718.68 | (-26%) | -£165.71 |
| Potential profits | £27.36 | -£67.20 | |
| Year 3 Dividends | £0 | +£0 | |
| Year 3 Profit | £177.06 | +£0 | |
| Yr 3 Average monthly cash profit | £66.94 | (33.1%) | -£5.81 |
| Dividends | £1.15 | +£0 | |
| Profit from sales | -£64.29 | +£0 | |
| Average monthly cash profit | -£2.36 | (-1.2%) | +£0.02 |
| (Sold stocks profit + Dividends - Fees / Months) |
Worst ever week for this account, with most of my un-banked profits wiped out for TAP:Taptica and the rest of the portfolio losing another £100. Still no sign of LION:Lionsgold ever coming out of suspension. I think I'm going to take out the £150 cash. I need it to go towards my holiday costs - I'm happy for this account to just hover around £2,000 and use it as a piggy bank - albeit not a very productive piggy bank so far!
My new target for this account is to get the injection line down to zero.
That's it for a horrid week. It could have been much more horrid if Friday hadn't recovered slightly. With the pension funds due soon I'm hoping the recovery won't be too swift, as I want to buy CEY:Centamin, CAML:Central Asia Metals - and yes - a few more OPTI:Optibiotix while they are madly cheap.
No comments:
Post a Comment