That should be enough to have me leaping off a skyscraper, but strangely I'm feeling really happy, as the (temporary) crash in value has given me an opportunity I never thought I would have. I'm almost shocked into disbelief that I now own over 100,000 shares in OPTI:Optibiotix. That's beyond my wildest dreams, and if all goes to plan should ensure I can retire early. Granted, the reason I have so many is that I took a loss in order to buy them in a fire sale, but with at least eight significant announcements due over the next few months, I had to get some more.
There was very little movement in any of my shares this week, but OPTI:Optibiotix was by far the worst, crashing 8% when it dropped 5p. Now I have my extra shares, each penny change in share price is worth £1,000 so it's going to be a hell of a ride one way or another.
Not far behind OPTI, SBTX:SkinBioTherapeutics fell 5% in sympathy. That triggered another bargain hunt as I bought about 16,000 at 14p. When the news of a deal with a multi-national comes out, then we should see a re-rate. It also makes me feel a bit less worried about trading the ones in my ISA, as I know I have my SIPP holding long term.
Only one share had anything like a significant rise this week and is Share of the Week. TLOU:Tlou Energy has been very slowly sneaking up each day, so by the end of the week had climbed 7%. It's still 43% down, but there's hope for the long-awaited re-rate.
That's it, the SIPP can no longer hold the combined accounts above the injection line. I'm now worse off than if I hadn't bothered investing anything. I prefer to think I have £104K worth of assets that are just on hard times at the moment.One thing's for sure - this chart is going to look dramatic for the next 12 months until that cliff-face vanishes off the left hand side.
It is a relentless decline in value finally slipping over a cliff.
The ISA and share portfolios look like this
| Weekly Change | |||
| Cash | £6.36 | -£3.75 | |
| Portfolio cost | £57,768.95 | +£0 | |
| Portfolio sell value (bid price-commission) | £33,313.33 | (-42.3%) | -£2,749.28 |
| Potential profits | £0 | +£0 | |
| Yr 5 Dividends | £0 | +£0 | |
| Yr 5 Profit from sales | £-167.28 | +£0 | |
| Yr 5 Average monthly cash profit | -£148.23 | (-3.1%) | +£32.99 |
| Total Dividends | £1,342.30 | +£0 | |
| Total Profit from sales | £20,224.13 | +£0 | |
| Average monthly cash profit | £434.78 | (9.0%) | -£2.13 |
| (Sold stocks profit + Dividends - Fees / Months) |
Big slump in value. Average performance still good, and average annual performance improving as each week that's not negative results in a smaller average monthly loss
Well below the injection line now
The SIPP looks like this after week 197
| Weekly Change | ||||
| Cash | £19.96 | -£17.57 | ||
| Portfolio cost | £43,965.42 | -£261.07 | ||
| Portfolio sell value (bid price - commission) |
£28,865.92 | (-34.3%) | -£2,273.95 | |
| Potential profits | £0 | +£0 | ||
| Yr 4 Dividends | £361.99 | +£0 | ||
| Yr 4 Interest | £0.10 | +£0 | ||
| Yr 4 Profit from sales | £1,161.95 | -£278.48 | ||
| Yr 4 Average monthly cash profit | £146.88 | (4.0%) | -£35.16 | |
| Total Dividends | £1,704.24 | +£0 | ||
| Total Interest | £0.13 | +£0 | ||
| Total Profit from sales | £11,706.87 | -£278.48 | ||
| Average monthly cash profit | £285.84 | (7.8%) | -£7.89 | |
| (Sold stocks profit + Dividends - Fees / Months) |
A sea of red. I took a £278 loss selling CAML:Central Asia Metals in order to get my 100,000th OPTI:Optibiotix share and finally get a decent stake in SBTX:SkinBioTherapeutcs. The re-invested money meant the cost of the portfolio dropped by £261. The loss also hammered my year 4 average performance and even my long term performance took a 0.2% hit as a result of the sale at a loss. My reasoning is that metals will be priced low for a while yet, whereas both OPTI and SBTX are likely to surge as they have in the past, so I should have a longer opportunity to build my stage back in CAML.
Still just above the orange line!
So, so bad.
The trading account looks like this after week 163
| Weekly Change | |||
| Cash | £35.04 | +£0 | |
| Portfolio cost | £2,321.29 | +£0 | |
| Portfolio sell value (bid price - commission) | £1,258.17 | (-45.8%) | -£19.91 |
| Potential profits | £0 | +£0 | |
| Year 4 Dividends | £0 | +£0 | |
| Year 4 Profit | £0 | +£0 | |
| Yr 4 Average monthly cash profit | £0 | (0%) | +£0 |
| Dividends | £34.72 | +£0 | |
| Profit from sales | -£64.29 | +£0 | |
| Average monthly cash profit | -£0.79 | (-0.4%) | +£0 |
| (Sold stocks profit + Dividends - Fees / Months) |
A small dip but nothing remotely exciting.
Love the way it's following the trend line. Actually, scrub that last comment because I don't love it at all, I'm deeply concerned by it.
I've crashed down the fantasy league from 769th to 1,081st which is 312 places.
Still don't properly understand how it works!
That's it for another miserable week, but one where I end with a smile on my face. I'm now going to watch England play footie and then do a double blu-ray evening of Avengers Infinity War and Avengers Endgame now I've finally been able to get it. Avoiding spoilers for 6 months has been tricky!
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