Week 260 Review - The curse of the trading account strikes again

The flattest week for a long time, with a 1p rise in OPTI:Optibiotix blatted by small drops all over the place, so the difference between cost and value improved by just £560 which means the deficit is £34,537 and total value is £84,324.

The worst performer by far was my disastrous purchase of TLOU:Tlou Energy in my trading account. I figured there would be a bounce after the placing, and I was enthused by a positive update on the projects. The market wasn't, and my purchase lost 22% in a matter of days. Back to the good old days of all my trading stocks being shit. It fell so fast I didn't even have a chance to bail out for a small loss. Utter disaster. Let's hope it's just a blip and we can recover from here, as I thought it was a great project update.

POLR:Polar Capital Holdings was my other significant loser, dropping 5% and now 8% down on when I bought it. They made up for that today, with a nice £49.25 dividend. I like having proper companies in my portfolio.

Share of the Week didn't even make 5%, with APAX:Apax Global Alpha rising 4% to go 8% up. A nice solid SIPP share.

Cost went to a record high as I re-invested my profits, but you can hardly see a change in the green line.

Again virtually flat

Here's the ISA and Shares account

			Weekly Change
Cash	£14.48		+£0
Portfolio cost	£62,366.49		+£0
Portfolio sell value (bid price-commission)	£42,807.22	(-31.4%)	+£405.58
Potential profits	£159.67		-£213.22
Yr 5 Dividends	£0.85		+£0
Yr 5 Profit from sales	£35.20		+£0
Yr 5 Average monthly cash profit	-£0.43	(-0%)	+£0.01
Total Dividends	£1,343.15		+£0
Total Profit from sales	£20,426.61		+£0
Average monthly cash profit	£358.95	(6.9%)	-£1.38
(Sold stocks profit + Dividends - Fees  / Months)
Performance/Injection	10.3%		-0.1%
Compound performance	52%		+0%

JLP:Jubilee Metals had a bit of a shocker, so half of my potential profit was zapped, and that took the edge off the small OPTI:Optibiotix rise. This was the last week of Year 5, so I end up with a 43p a month deficit for the year, which means I didn't even cover my ISA fees. That's why I need more dividend paying shares!

Flat

The trend line is almost flat.

The SIPP looks like this after week 244

		Weekly Change
Cash	£79.60		-£1,406.14
Portfolio cost	£53,826.04		+£1,455.39
Portfolio sell value (bid price - commission)	£39,859.26	(-25.9%)	+£281.32
Potential profits	£123.34		+£47.36
Yr 5 Dividends	£77.92		+£49.25
Yr 5 Interest	£0.03		+£0
Yr 5 Profit from sales	£765.90		+£0
Yr 5 Average monthly cash profit	£88.12	(2.0%)	+£3.59
Total Dividends	£1,977.16		+£49.25
Total Interest	£0.20		+£0
Total Profit from sales	£13,315.00		+£0
Average monthly cash profit	£261.73	(5.8%)	-£0.20
(Sold stocks profit + Dividends - Fees / Months)
Performance/Injection	9%		+0%
Compound performance	42%		+0%

I took a big risk early in the week and spent my money earmarked for SBTX:SkinBioTherapeutics on DDDD:4D Pharma instead. I've been watching them for ages, but have been bitten by pharma companies before and they were way too expensive. Now they seem cheap, so I bought 2,954 shares at 48.864p costing £1,455.39. They were 1% down by the end of the week, which is actually an improvement given spread and commission.

That purchase caused cash to come down, but then £49 dividend came in from POLR:Polar Capital Holdings. The difference between cost and value ended up £281 better off, and the dividend helped year 5 monthly profit to rise by £3 a month, and reduced the decrease in long term monthly profit to just 20p.

I should get £2,000 transferred from my work pension next week, and absolutely must save it all for buying back SBTX:SkinBioTherapeutics.

Pretty flat green line

Not really moving anywhere fast

The trading account looks like this after week 210

			Weekly Change
Cash	£220.72		-£511.95
Portfolio cost	£2,354.16		+£511.95
Portfolio sell value (bid price - commission)	£1,343.06	(-42.9%)	-£126.11
Potential profits	£0		+£0
Year 5 Dividends	£0		+£0
Year 5 Profit	£154.70		+£0
Yr 5 Average monthly cash profit	£335.17	(170.9%)	-£335.18
Dividends	£47.92		+£0
Profit from sales	£441.07		+£0
Average monthly cash profit	£10.09	(5.1%)	-£0.05
(Sold stocks profit + Dividends - Fees  / Months)

I bought 21,739 shares on TLOU:Tlou Energy at 2.3p costing £511.95 and they dropped to 1.9p so that was an absolute disaster. I can't believe I got that one so wrong. I still believe these will come good, and there will be a spike when they announce de-watering has resumed, but it's now dropped far enough to join all the other long term value traps in the account.

The drop removed £126 value in a few days. Average year 5 profit is going through a major correction as it becomes clear the week 1 performance isn't going to carry on every other week. Long term performance is still over 5% so I ought to be a little but happy.

Ouch!

Back below the trend line, so looks like it might not be pointing upwards for very long.

I forgot to capture the magic formula value before the reset on Monday, but it was down over 16% compared to 15.12% so it had been a down week.

Let's see how my wishes performed

1. OPTI:Optibiotix SweetBiotix announcement. Still no sign so that carries over.
2. JLP:Jubilee Metals to get to 5p. It did the opposite and dropped, so that carries over.
3. POLR:Polar Capital Holdings to get in profit. Nope - lost another 5% so that carries over.
4. MTFB:Motif Bio announcing a reverse takeover. It never came and the shares are suspended, so that wish is crushed forever.
5. SBTX to drop in price to 16p. Nope - it went right back up higher than I sold them for, so that carries over.
6. I find a suitable share for the trading account - oh dear - I found a share but it clearly wasn't suitable so my wish is now that TLOU:Tlou Energy doesn't drop any further.
   

I'd say that was rubbish week with no wishes coming true.

I'm feeling too pessimistic to make any other wishes this week, so that's it.