This was one of the worst weeks ever for across the board drops in share price. My weekly summary is just a sea of red. It's actually a relief that the deficit between cost and value only widened by £4,985 as normally weeks like this see a much bigger drop. The deficit stands at £33,810 and total portfolio value has dropped to £90,892.
Worst performer was TLOU:Tlou Energy which collapsed 15% after the recent surge in price. Happy to say that the big buyer still seems to be present, so I'll put the drop down to profit taking and hope that this buying support continues to take us upwards.
CMCL:Caledonia Mining was meant to be a good safe gold mine bought in my magic formula portfolio because it was under valued. It dropped 7% this week and I can't work out why, as the gold price is holding up ok. Normally gold miners do well when the rest of the market is dropping. Most frustrating that these are down by 15% so soon after I bought them.
SAE:Simec Atlantis Energy dropped 6%. There have been some negative articles on Share Prophets which probably explain the 6% drop. I'm not massively keen on these any more as they have moved away from specialising in tidal turbines, and they seem to be failing miserably to make any revenues for the turbines they already have, and are showing no signs of installing any more, which suggests to me there's no profit without government subsidy.
My timing for buying SBTX:SkinBioTherapeutics was as usual completely wrong. I bought them at 17.2p in my SIPP and 16.5p in my trading account, but I could buy them for my target 16p today, which shows that when you have a target price to buy, you should wait until it's met or don't buy them! They dropped 6% this week and are 11% down already.
OPTI:Optibiotix dropped another 3p, which is a 5% fall. I'm so glad I bought a load at 54.8p last week when I can now buy them at 50p. When will I time a purchase right? I need to accept that nobody will buy these shares until they can show there is profit being made. I'm positive that will come, but it's been a long and frustrating wait.
No shares increased by 5% or more this week, so Share of the Week goes to FXPO:Ferrexpo for being the only one that increased by more than 0%, with a 3% rise. These are 4% up altogether now, so a rare green entry in my sad-looking portfolio.
Right back down to the level we've bounced off the last 2 times, but with the likelihood of a nationwide lockdown being announced next week, we could get back to the desperate levels seen in March.
This chart shows the true picture - the deficit is actually bigger than the last 2 drops and we're below the trend line. Very sad.
Here's the ISA and share account performance
| Weekly Change | |||
| Cash |
£13.45 |
+£0 | |
| Portfolio cost | £62,990.04 | +£0 | |
| Portfolio sell value (bid price-commission) | £44,192.21 | (-29.8%) | -£2,779.79 |
| Potential profits | £1,972.05 | -£100.00 | |
| Yr 6 Dividends | £0 | +£0 | |
| Yr 6 Profit from sales | £591.81 | +£0 | |
| Yr 6 Average monthly cash profit | £193.52 | (3.7%) | -£16.13 |
| Total Dividends | £1,343.15 | +£0 | |
| Total Profit from sales | £21,018.42 | +£0 | |
| Average monthly cash profit | £351.07 | (6.7%) | -£1.29 |
|
(Sold stocks profit + Dividends - Fees / Months) |
|||
| Performance/Injection | 10.1% | +0% | |
| Compound performance | 53% | +0% |
Big drop in value, and now I have exactly 100,000 shares in JLP:Jubilee Metals, any changes in potential profits are nice and neat, with £100 being 0.1p of the share price. Not much going on with performance, and we're still above the 10% of injection target. I'm keeping the statistic that shows percentage of current portfolio cost, even though I'm no longer using that as a target as it's way too ambitious given the cost of the portfolio keeps rising. It's still nice to see how I'm doing against that though, and 6.7% is pretty good.
Not quite down to the injection line
Better than the overall chart as we're level with the recent drops instead of below them, but we're back below the trend line and that's bad.
The SIPP looks like this after week 257
| Weekly Change | ||||
| Cash |
£150.05 |
+£40.05 | ||
| Portfolio cost | £58,959.20 | +£509.95 | ||
|
Portfolio sell value (bid price - commission) |
£44,736.50 | (-24.1%) | -£2,149.20 | |
| Potential profits | £127.93 | -£35.92 | ||
| Yr 5 Dividends | £162.58 | +£0 | ||
| Yr 5 Interest | £0.03 | +£0 | ||
| Yr 5 Profit from sales | £2,910.34 | +£0 | ||
| Yr 5 Average monthly cash profit | £257.53 | (5.2%) | -£5.36 | |
| Total Dividends | £2,061.82 | +£0 | ||
| Total Interest | £0.20 | +£0 | ||
| Total Profit from sales | £15,459.44 | +£0 | ||
| Average monthly cash profit | £285.25 | (5.8%) | -£1.11 | |
|
(Sold stocks profit + Dividends - Fees / Months) |
||||
| Performance/Injection | 9.0% | -0.2% | ||
| Compound performance | 45% | +0% |
In preparation for my next £2,000 pension transfer at the end of November, I decided to open a new SIPP with AJ Bell. I was worried about having my whole portfolio with Hargreaves Lansdown in case anything goes pear-shaped with them and I end up losing a load. I opened the SIPP by adding £550 so I could buy some shares and still have some cash to pay for monthly charges. That's why cash has gone up.
Guess what I bought? 1,000 shares in OPTI:Optibiotix at 50p costing £509.95 as the commission is £2 cheaper at AJ Bell. If the price stays this low I'll buy another 4,000 at the end of the month when my pension transfer comes through. I suppose I'd better go through the usual review of my total OPTI holding now I have some more. I now have 123,238 at an average price of 63.5p costing £78,715.03 and currently losing an eye-watering £19,596. Each 1p change in price is now worth £1,232. If they get to my target 600p I'll have made £660,677 profit and on a 5% dividend would get £37,000 a year cash. That's basically my retirement plan. If it doesn't come off I'll still be happy, but if it does I'll be very, very happy.
Value dropped the same as the ISA, and potential profits dipped by £35 with
only APAX:Apax Global Alpha (£77), FXPO:Ferrexpo (£43) and
ITV:ITV (£7) in profit. My other magic formula shares are down by 9%,
15%, 13% and 1% which isn't great given they were all in profit not long after
I bought them. I've added the date of purchase to each one in my spreadsheet
as a reminder, as the rule is that I review them after a year, and if they are
no longer in the top 30 best value shares I sell them and replace them with
one that is in the top 30. I bought FXPO:Ferrexpo on 29th May so have
another 7 months until I review the first one. If I sold FXPO now I'd be 11% up if you include the dividend, so this method has potential.
Performance dropped 0.2% due to the injection of more cash, but 9% is still pretty good, albeit below target. I'm hoping to redress that next May when I may be able to sell something every month, and with a spot of SBTX:SkinBioTherapeutics trading
As with the other charts, this one has dropped back to the recent lows and is now much closer to the injection line than the cost line
This shows the real picture - the drop is much, much worse than the ISA, with the deficit between cost and value more severe and masked on the first chart by the injection of cash and the big increase in cost following recent re-investment of profits.
The trading account looks like this after week 223
| Weekly Change | |||
| Cash | £236.18 | +£0 | |
| Portfolio cost | £2,354.11 | +£0 | |
| Portfolio sell value (bid price - commission) | £1,564.41 | (-33.5%) | -£56.08 |
| Potential profits | £0 | +£0 | |
| Year 5 Dividends | £0 | +£0 | |
| Year 5 Profit | £370.12 | +£0 | |
| Yr 5 Average monthly cash profit | £106.92 | (54.5%) | -£7.64 |
| Dividends | £47.92 | +£0 | |
| Profit from sales | £656.49 | +£0 | |
| Average monthly cash profit | £13.69 | (7.0%) | -£0.06 |
|
(Sold stocks profit + Dividends - Fees / Months) |
A drop in value but hardly any change in performance. I calculated that if I don't sell anything else for the other 37 weeks of year 5, I'll still have made £30 a month profit, which is 15.7%. That's already a pretty good year. I still need to make up for the disaster of the first few years though, to get my overall performance from 7% up past 10%.
Value plus cash is pretty much on the injection line now. I could sell the whole lot and have lost nothing for my four and a bit years effort, but gained nothing either. One could suggest that's four years wasted, but I like to think it's time spent learning. I'm just a slow learner!
Nice to see one account is still above the trend line and heading in the right direction.
Here are my wishes:
- TLOU:Tlou Energy announce de-watering has resumed. Not yet, but steady progress still being made.
- JLP:Jubilee Metals to announce permission to process platinum rich tailings at DCM and the fine chrome plant move is completed and operational. Can't believe we've not had this news yet. Share price has stagnated a little, although lots of traders have been selling lately, including myself, so it makes sense there will be a pause in the ascent.
-
OPTI:Optibiotix to get within 10% of profit. My purchase of another
1,000 shares took my SIPP holding over 50,000 which is nice. Shame they are
down 27%. Is a 17% rise next week possible? It could be if we get the right
news.
- CAML:Central Asia Metals re-instate their dividend. Still no sign, but it should come when they complete the cleanup following the dam leak. I'd like to think that will be soon.
No comments:
Post a Comment