Week 263 Review - Misery as most of last week's gains are lost

A dreadful week, with a big chunk of last week's gains lost. It's beginning to feel like my portfolio will never get in the black again. There were big drops in most of my bigger holdings, and a 6p drop for OPTI:Optibiotix was particularly damaging, but there were drops of £1,000 on top of that, meaning the portfolio lost £7,484 and the deficit between cost and value widened to £26,249, with total value down to £94,592.

Biggest loss was DDDD:4D Pharma, which after a great rise over the last few weeks dropped 24%. I suspect it was mainly profit taking, so fingers crossed it won't lose any more this week.

OPTI:Optibiotix was next worse performer, dropping 9% just as I thought there was a chance they would get back into profit. If the traders have their way it will drift further before their next engineered spike.

IQE:IQE fell 8% after a nice gradual climb, which is surprising as the American tech shares are all still booming. Things are still looking positive though, but it's going to take years to recoup my losses.

FXPO:Ferrexpo fell 6% and is only just in profit now. It did go ex-dividend during the week which would have had some impact.

JLP:Jubilee Metals fell 5%, which given the size of my holding was a big contributor to the bad week. They are still 16% up, so all it will take is some more news to consolidate at this price, then financial results should see a re-rate.

Share of the Week is SAE:Simec Atlantis Energy, and it has no competition as it's the only share that rose by more than 5%. A 14% climb was most welcome, although on the back of a rather vague agreement for debt funding. Let's hope they don't get in over their heads, as it's for £170 million.

Back down to being nearer the injection line than the cost

I should have known there was no way we would get above the best performance in the last 12 months. So close!

The ISA and share portfolios look like this

			Weekly Change
Cash	£10.73		+£0
Portfolio cost	£62,366.49		+£0
Portfolio sell value (bid price-commission)	£46,646.90	(-25.2%)	-£4,457.10
Potential profits	£1,083.64		-£284.30
Yr 6 Dividends	£0		+£0
Yr 6 Profit from sales	£0		+£0
Yr 6 Average monthly cash profit	-£5.42	(-0.1%)	+£2.71
Total Dividends	£1,343.15		+£0
Total Profit from sales	£20,426.61		+£0
Average monthly cash profit	£354.79	(6.8%)	-£1.36
(Sold stocks profit + Dividends - Fees  / Months)
Performance/Injection	10.2%		+0%
Compound performance	52%		+0%

Great big drop in value, and the profits from JLP:Jubilee Metals dropped back to where they were last week.

Ouch!

At least the trend line is almost flat.

The SIPP looks like this after week 247

			Weekly Change
Cash	£63.85		+£0
Portfolio cost	£55,826.02		+£0
Portfolio sell value (bid price - commission)	£46,221.33	(-17.2%)	-£3,040.43
Potential profits	£1,381.06		-£553.11
Yr 5 Dividends	£77.92		+£0
Yr 5 Interest	£0.03		+£0
Yr 5 Profit from sales	£765.90		+£0
Yr 5 Average monthly cash profit	£79.59	(1.7%)	-£2.09
Total Dividends	£1,977.16		+£0
Total Interest	£0.20		+£0
Total Profit from sales	£13,315.00		+£0
Average monthly cash profit	£258.27	(5.6%)	-£1.05
(Sold stocks profit + Dividends - Fees / Months)
Performance/Injection	8.4%		+0%
Compound performance	40%		+0%

Another whacking great drop, and nearly all my in-profit shares fell, so £553 knocked off potential profits.

At least this one is still closer to cost than injection - but only just

Once again, pulled back from almost beating the best week in the last 12 months, and the down trend is steeper here than in any other portfolio.

The Trading account looks like this after week 213

			Weekly Change
Cash	£220.72		+£0
Portfolio cost	£2,354.16		+£0
Portfolio sell value (bid price - commission)	£1,429.16	(-39.3%)	+£12.57
Potential profits	£0		+£0
Year 5 Dividends	£0		+£0
Year 5 Profit	£154.70		+£0
Yr 5 Average monthly cash profit	£134.07	(68.3%)	-£33.52
Dividends	£47.92		+£0
Profit from sales	£441.07		+£0
Average monthly cash profit	£9.95	(5.1%)	-£0.04
(Sold stocks profit + Dividends - Fees  / Months)

This account managed a small rise, mainly thanks to CAML:Central Asia Metals and TLOU:Tlou Energy both improving. One ray of sunshine in a miserable week.

Although it's an up week, we've been pretty flat fro a while now

Only just above the trend line, but it's the only one pointing upwards.

Last week the virtual magic formula portfolio was down 11.37% and this week it's down 11.62%, so a little bit worse. Still eight companies in profit, with PLUS:Plus 500 up an amazing 76%. Worst performer is VTY:Vistry Group, which is down 57%. Happy to say that although only FXPO:Ferrexpo out of the eight is in my portfolio, every single share I bought from the magic formula list is in profit as I paid a much lower price for them, if you only count the CAML:Central Asia Metals purchase that I made after starting the magic formula experiment.

So, how are my wishes this week?

1. OPTI:Optibiotix SweetBiotix announcement. Still nothing so I'll keep this until it happens.
2. SBTX to drop in price to 16p. Nope, although it's nudging closer at 24.5p so I'll hang on in there and still plan to sell my SIPP JLP:Jubilee Metals in order to buy it.
3. TLOU:Tlou Energy announce de-watering has resumed. No sign yet.
   
4. IQE:IQE increase another 5% so we get a gradual climb to 100p. Not on your Nellie - an 8% drop was a horrible blip.
5. Six SIPP shares to stay in potential profit. Yes, this one came true, but it's too close for comfort so I'll be wanting it to happen next week too.
6. JLP:Jubilee Metals to announce permission to process platinum rich tailings at DCM.That didn't happen, and the price fell 4% so we'll need to keep that one.
7. OPTI:Optibiotix to get back into profit. No - the absolute opposite. Too much to hope this will happen next week, so I'm moderating my wish that it's within 10% down.