This week's RNS of doom was that RED:RedT Energy need to do a placing and open offer to keep the wheels on. Unfortunately the 20% drop against my original purchase price (more like 50%+ from the price at the time of the RNS) means the offer price is now well below the open offer price, so nobody is likely to take it up. If nobody takes it up then the wheels will come off and goodbye £1,063 investment. It's so frustrating because their technology is fantastic, but they are spending way too much and selling no machines. There's one hope in a strategic review - maybe they can turn it around. It will just take one big grid supply order.
AMYT:Amryt Pharma has been slipping for months, probably on the back of general doom and gloom in junior pharma and lots of high profile trial failures. It dropped another 5% and is now 27% down.
CWR:Ceres Power is slowly climbing and went up 5% this week and into profit of £13. Glad to be back in this one and hopefully got my timing right for once.
Very few major movers this week, so IQE:IQE gets Share of the Week based on the trading account holding climbing 6% of purchase price. The SIPP climbed 5%. Still pretty grim as the SIPP holding is 32% down and losing £775 whereas the trading holding is down 16% and losing £81.
It's been flat for a few weeks now.
The trend line gets dragged flatter.
The ISA and share portfolios look like this
| Weekly Change | |||
| Cash | £24.28 | +£0 | |
| Portfolio cost | £57,246.22 | +£0 | |
| Portfolio sell value (bid price - commission) | £53,536.72 | (-6.5%) | +£42.98 |
| Potential profits | £8,344.80 | +£519.59 | |
| Yr 4 Dividends | £60.50 | +£0 | |
| Yr 4 Profit from sales | £1,077.60 | +£0 | |
| Yr 4 Average monthly cash profit | £150.56 | (3.2%) | -£4.86 |
| Total Dividends | £1,298.83 | +£0 | |
| Total Profit from sales | £19,774.72 | +£0 | |
| Average monthly cash profit | £481.75 | (10.1%) | -£2.58 |
| (Sold stocks profit + Dividends - Fees / Months) |
Potential profits up quite well thanks to a 1p rise in OPTI:Optibiotix and CWR:Ceres Power moving into the green, but drops all over the portfolio meant losses only reduced by £42. In two weeks the 10% performance target will be breached.
Not good
As with the overall portfolio, the trend line is being dragged flat
The SIPP looks like this after week 172
| Weekly Change | |||
| Cash | £93.07 | +£0 | |
| Portfolio cost | £38,324.77 | +£0 | |
| Portfolio sell value (bid price - commission) | £40,852.65 | (6.6%) | +£155.37 |
| Potential profits | £6,542.68 | +£253.24 | |
| Yr 4 Dividends | £0 | +£0 | |
| Yr 4 Interest | £0.04 | +£0 | |
| Yr 4 Profit from sales | £484.30 | +£0 | |
| Yr 4 Average monthly cash profit | £118.80 | (3.7%) | -£7.92 |
| Total Dividends | £1,342.25 | +£0 | |
| Total Interest | £0.07 | +£0 | |
| Total Profit from sales | £11,029.22 | +£0 | |
| Average monthly cash profit | £303.43 | (9.5%) | -£1.77 |
| (Sold stocks profit + Dividends - Fees / Months) |
Similar story to the other accounts, with deepening losses stealing £100 of the £253 rise in potential profits. One of the flattest weeks for ages.
Still a reasonable buffer.
Still below the trend line.
The trading account looks like this after week 138
| Weekly Change | |||
| Cash | £18.80 | +£0 | |
| Portfolio cost | £2,321.29 | +£0 | |
| Portfolio sell value (bid price - commission) | £1,542.21 | (-33.6%) | +£27.77 |
| Potential profits | £0 | +£0 | |
| Year 3 Dividends | £17.33 | +£0 | |
| Year 3 Profit | £177.06 | +£0 | |
| Yr 3 Average monthly cash profit | £24.78 | (12.8%) | -£0.75 |
| Dividends | £18.48 | +£0 | |
| Profit from sales | -£64.29 | +£0 | |
| Average monthly cash profit | -£1.44 | (-0.7%) | +£0.01 |
| (Sold stocks profit + Dividends - Fees / Months) |
Clawed back about half last week's losses. CAML:Central Asia Metals still hasn't made the long overdue breakout and LION:Lionsgold is still showing no signs of re-listing.
It's going up a lot slower than it went down!
I have to remain positive that it's above the trend line despite being in the deep realms of angler fish.
That's it. all the news coming out of OPTI:Optibiotix about improved deals and new deals has moved the share price up 1p in 2 weeks. When will we great a proper re-rate? Maybe next week...
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