Week 254 Review - A great week but only a small climb

It was a great week for many of my shares. The rise was a relatively small £2,335, but with OPTI:Optibiotix only climbing 1p, it accounted for less than half the rise, so the others combined did better. That narrowed the deficit between cost and value to £32,089 and increased overall portfolio value to £83,512.

There was only one big faller this week. FXPO:Ferrexpo went ex-dividend, but also announced that the injunction on selling some of its shares lifted a few weeks ago has been re-imposed by a district court, so the appeal process will have to start all over again. I think fear of doing business in the Ukraine is what's holding these back, as all other performance is great. The dividend will pay out in early July, but there is a Swiss withholding tax, so 35% will be taken off me. It should still be worth about £35.

BLU:Blue Star Capital climbed 6%. There seems to be renewed interest since their venture into e-sports. Good job really as Satoshipay is looking like a dead duck.

JLP:Jubilee Metals went on a mini charge, climbing 7% in my ISA and 9% in my SIPP. They did a new deal to get access to a massive copper tailings resource, which should double income within 2 years. I'm starting to waver on taking profits too early now, as although we have the threat of Colin Bird looming over us, there are increasing institutional investors, and they don't take kindly to their company being used to bail out other companies. That might make a big difference to the long term prospects here. The more institutional investors appear, the more pressure there will be to start paying a dividend.

IQE:IQE is on a roll, climbing another 8% this week. I'm only 29% down in the ISA now, but 51% down in my trading account and 60% down in my SIPP.

IES:Invinity Energy almost made it to Share of the Week with a 12% climb. Some people have made a lot of money buying these at their low, but my holding went from 84% down to 72% down. Since the reverse takeover from RED:RedT Energy, there seems to be much more commercial momentum. Given I thought they were going bust a few months ago and I'd lose everything, now I'm feeling some degree of hope.

Share of the Week is SBTX:SkinBioTherapeutics, climbing 15% in my ISA and 20% in my SIPP and trading account. I now have the decision whether to trade these as I said I would, or sit tight. I'll definitely trade the ones in the trading account as soon as they hit 19.5p, as that will give £131 (25%) profit, which is all I ask from the trading account. The tricky account is the SIPP, where 19.5p would give me £666 (32%) profit. However, there is the risk they will carry on up. The exchange market size for SBTX is only 7,500 and I hold 14,654, so one option would be to sell 7,154 to bank some profit, but keep 7,500. If the price drops back, I can use the proceeds of the sale to buy back in and increase my holding, but if it carries on upwards I won't miss out.

A very tiny tick up, but at least it is actually up this week.

In 3 weeks time the trend line could be a lot flatter as we lose the big peak. I think the deficit needs to get below £20K before we see a change of direction though.

The ISA and share accounts look like this

			Weekly Change
Cash	£14.63		+£0
Portfolio cost	£60,070.42		+£0
Portfolio sell value (bid price-commission)	£41,987.16	(-30.1%)	+£1,437.05
Potential profits	£0		+£0
Yr 5 Dividends	£0.85		+£0
Yr 5 Profit from sales	£-14.48		+£0
Yr 5 Average monthly cash profit	-£4.82	(-0.1%)	+£0.10
Total Dividends	£1,343.15		+£0
Total Profit from sales	£20,376.93		+£0
Average monthly cash profit	£366.64	(7.3%)	-£1.45
(Sold stocks profit + Dividends - Fees  / Months)
Performance/Injection	11.2%		+0%
Compound performance	54%		+0%

A very quiet week, but the deficit was narrowed by £1,437. The nearest shares to being in profit is a tie between JLP:Jubilee Metals and SBTX:SkinBioTherapeutics, both of which are only 12% down. It would be so nice to see a sliver of green in this account.

Bouncing off the injection line once again.

As with the overall chart, this should trend a lot flatter in a few weeks.

The SIPP looks like this after week 238

			Weekly Change
Cash	£29.81		+£0
Portfolio cost	£52,946.27		+£0
Portfolio sell value (bid price - commission)	£39,786.43	(-24.9%)	+£796.34
Potential profits	£442.10		+£375.82
Yr 5 Dividends	£0		+£0
Yr 5 Interest	£0.03		+£0
Yr 5 Profit from sales	£0		+£0
Yr 5 Average monthly cash profit	-£14.09	(-0.3%)	+£0.48
Total Dividends	£1,899.24		+£0
Total Interest	£0.20		+£0
Total Profit from sales	£12,549.10		+£0
Average monthly cash profit	£253.22	(5.7%)	-£1.07
(Sold stocks profit + Dividends - Fees / Months)
Performance/Injection	8.7%		+0%
Compound performance	40%		+0%

Overall value didn't climb as much as the ISA because there were losses for CAML:Central Asia Metals and FXPO:Ferrexpo, but the great news was potential profits rising by £375 to £442. Most of this was SBTX:SkinBioTherapeutics, with a small contribution from JLP:Jubilee Metals. Unfortunately FXPO:Ferrexpo slipped into the red.

We'll have a few months of stability here now, as the next injection won't be until late September, unless the bond prices do well and my work pension holding goes up a bit, as my July contribution will leave it just short of the minimum transfer amount. In that case I may be able to do another transfer hitting the account in August.

This one might be harder to reverse the trend, as anything below £5,000 loss is going to leave the line pointing downwards.

The trading account looks like this after week 204

			Weekly Change
Cash	£186.37		+£0
Portfolio cost	£2,354.11		+£0
Portfolio sell value (bid price - commission)	£1,508.05	(-35.9%)	+£102.25
Potential profits	£64.33		+£64.33
Year 4 Dividends	£13.20		+£0
Year 4 Profit	£320.95		+£0
Yr 4 Average monthly cash profit	£30.17	(15.4%)	-£0.64
Dividends	£47.92		+£0
Profit from sales	£256.66		+£0
Average monthly cash profit	£6.47	(3.3%)	-£0.03
(Sold stocks profit + Dividends - Fees  / Months)

A good week, with £102 increase in value and £64 potential profits from the SBTX:SkinBioTherapeutics purchase a few weeks ago. It's rather a relief that this account is finally starting to work a bit better, although it would have been hard to do much worse.

If I can sell SBTX for 19.5p I'll be able to bank another £100 of the original injection and get the orange line a bit lower.

Oh my goodness, the line is almost flat! It's so long since I've seen a trend line pointing upwards, I can hardly contain myself!

The virtual magic formula portfolio climbed 1.39% from 15.07% down to 13.68% down this week. There are still only 5 out of 30 shares in the black. PLUS:Plus 500 is still way ahead at 45% up, but CARD:Card Factory is no longer last, climbing to -42% as VTY:Vistry Group dropped to 47% down and ITV:ITV went 46% down.

Last week I said "My dream for next week is a SweetBiotix announcement from OPTI:Optibiotix, re-instatement of the dividend for CAML:Central Asia Metals, a trading update from JLP:Jubilee Metals, and IQE:IQE going on a roll. Even just one of those would be nice..."

So did any of that come to pass?

No SweetBiotix announcement from OPTI:Optibiotix, in fact no news at all since 1st June, so the wish for a Sweetbiotix announcement will have to pass on to next week. Same goes for the CAML:Central Asia Metals dividend as I suspect they are being cautious, which is no bad thing.

There was a kind of trading update from JLP:Jubilee Metals when they announced the tailings acquisition, as it included the current healthy cash position and that debt had been paid down, so things are looking very positive. My wish for next week is that positivity spreads to the market and we get back to the 5p range where I think we should be.

IQE:IQE did in fact go on a roll, and it may be a sustainable one, so 2 out of my 4 wishes came true, and I would have been happy with just one of them.

So for next week, we'll have the carry over of the OPTI and CAML wishes, along with my FXPO:Ferrexpo holding getting back into profit, and being able to sell some SBTX:SkinBioTherapeutics at 19.5p, and JLP:Jubilee Metals getting into profit in my ISA by hitting 4.5p.