Worst performer was TEK:Tekcapital which lost any remote respect I had for it when carrying out a placing at 8p a share when the share price was 12p. That's an absolute disgrace and would have netted their city mates an instant 30% profit when they sold them immediately. Needless to say the share price dropped 23% in a day, almost to the placing price and they are now 42% down.
OPTI:Optibiotix was the main reason for this week's losses as traders went into price hammering mode and it dropped 8%. It's still 14% up, and given I have another £2,000 coming from my pension in 2 weeks time, I'm contemplating a top-up even though I know it's naughty.
Only one company climbed by 5% or more to win Share of the Week, and with the gold price still riding high it's not surprising that was CEY:Centamin. The 5% climb could also be due to imminent interim results which I desperately hope will show that production challenges are behind them and will drive the price back to where it was before the trading statement that hammered it.
Yeah - that's bad.
Can't believe we're on the trend line and it's pointing very much downwards.
The ISA and share portfolios look like this
| Weekly Change | |||
| Cash | £27.14 | +£0 | |
| Portfolio cost | £57,921.93 | +£0 | |
| Portfolio sell value (bid price-commission) | £53,897.02 | (-11.1%) | -£2,409.07 |
| Potential profits | £4,801.98 | -£2,517.27 | |
| Yr 4 Dividends | £103.97 | +£0 | |
| Yr 4 Profit from sales | £1,692.71 | +£0 | |
| Yr 4 Average monthly cash profit | £155.24 | (3.2%) | -£3.24 |
| Total Dividends | £1,342.30 | +£0 | |
| Total Profit from sales | £20,389.83 | +£0 | |
| Average monthly cash profit | £455.41 | (9.4%) | -£2.23 |
| (Sold stocks profit + Dividends - Fees / Months) |
Potential profits absolutely hammered thanks to OPTI:Optibiotix and losses reduced by £100 means it was pretty flat elsewhere.
Bad.
Not as bad as the overall chart as we're just above the trend line but it's not getting any shallower.
The SIPP looks like this after week 189
| Weekly Change | |||
| Cash | £81.09 | +£0 | |
| Portfolio cost | £41,232.99 | +£0 | |
| Portfolio sell value (bid price - commission) | £39,766.09 | (-3.6%) | -£1,446.10 |
| Potential profits | £3,061.58 | -£1,533.30 | |
| Yr 4 Dividends | £361.99 | +£0 | |
| Yr 4 Interest | £0.08 | +£0 | |
| Yr 4 Profit from sales | £743.60 | +£0 | |
| Yr 4 Average monthly cash profit | £131.07 | (3.8%) | -£4.10 |
| Total Dividends | £1,704.24 | +£0 | |
| Total Interest | £0.11 | +£0 | |
| Total Profit from sales | £11,288.52 | +£0 | |
| Average monthly cash profit | £288.97 | (8.4%) | -£1.53 |
| (Sold stocks profit + Dividends - Fees / Months) |
Slightly more complex story than the ISA, with OPTI:Optibiotix doing lots of damage, but also CAML:Central Asia Metals dropping yet again, but CEY:Centamin negating those losses and going £357 (12%) into profit. Performance is well down now, so I will need to sell something for a substantial profit soon , but not many options.
Back into the red.
Well below the trend line.
The trading account looks like this after week 155.
| Weekly Change | |||
| Cash | £35.04 | +£0 | |
| Portfolio cost | £2,321.29 | +£0 | |
| Portfolio sell value (bid price - commission) | £1,321.55 | (-43.1%) | -£113.42 |
| Potential profits | £0 | +£0 | |
| Year 3 Dividends | £33.57 | +£0 | |
| Year 3 Profit | £177.06 | +£0 | |
| Yr 3 Average monthly cash profit | £17.90 | (9.3%) | -£0.35 |
| Dividends | £34.72 | +£0 | |
| Profit from sales | -£64.29 | +£0 | |
| Average monthly cash profit | -£0.83 | (-0.4%) | +£0 |
| (Sold stocks profit + Dividends - Fees / Months) |
Utterly disastrous week thanks to TEK:Tekcapital and the despicable placing. This account is cursed.
Plunging towards the lowest value since priming the account with £2,000 almost a year ago. In that time I've done one trade. Hard to describe this as a trading account - I've done more trading in my SIPP!
Hopeless
Lat week I was looking forward to the CAML:Central Asian Metals trading statement. It was as expected, with everything on track, but the share price went down. This week I'm expecting CEY:Centamin to do theirs. I really hope it doesn't have the same effect. Meanwhile nothing seems to be going right and there's a malaise over the whole portfolio.
I've entered the "This is Money" share picking competition. I'm 1,116th in my first week which isn't very good, but I'll post an update on progress each week.
Quite happy that the worst performer is only down by 1.49%, but best isn't exactly flying away.
I've kept with a few favourites and also gone for a few that have been on my watch list for a while. I don't want to have too many companies, so will aim to stick with between 7 and 10.
Let's hope for one good thing to happen next week.
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