This was a really good week across the board. The rise of £1,945 may not seem like much compared to usual, but none of it came from OPTI:Optibiotix which was flat this week. The deficit between cost and value narrowed to £31,864 and overall portfolio value increased to £92,822.
There were no shares losing 5% or more this week.
FXPO:Ferrexpo climbed 5% to go 9% up overall with potential profit of £96
along with £65 of dividends. Very happy with progress in my first magic
formula share.
CMCL:Caledonia Mining has been slumping ever since I bought them, but a much appreciated 6% climb this week took them back to 9% away from breakeven. They also paid a minuscule dividend this week.
IQE:IQE have been a bit static lately, but went up 7% this week. My ISA holding is only 21% down now, so there is some hope. I only meant the ISA shares to be a short term quick win, so I'll sell them when they get back into profit and keep the ones in the SIPP longer term.
ITV:ITV had a great week climbing 10% to go 11% up with potential profit of £109. I think results are expected next week, so this will either re-rate back to pre-covid levels of 130p which would almost double my holding, or dip back down to 60p. STV:STV results were ok so here's hoping these will be the same.
TLOU:Tlou Energy had a dreadful week last week, but clawed back two thirds of those losses climbing 10%. They are still 52% down so no chance of break even for a while.
JLP:Jubilee Metals announced another deal to process copper tailings and the share price surged 14%. That takes my holding to 60% up and making £2,572 potential profit. I had a wobble about selling some, because results are either next week or the week after and there could very well be significant profit taking around then. However there are millions being traded every day, so I think there are institutional buyers and I can imagine the brokers dropping the price to try and get shares. I hope I stay strong and keep them even if there's a drop as these are too risky to try and trade.
Share of the Week is POLR:Polar Capital Holdings which climbed 16% and has gone from a loss to 15% up and £149 potential profit along with £49 dividend. These are back at their pre-covid level and would appear to be around fair value. I wouldn't complain if they stay around this value for 12 months and dish out a dividend, as I'm due to review them in June 2021 and will sell if they are no longer in my top 30 ranking.
It's a slightly pathetic looking tick up, but nice to stop the recent rot.
Not quite enough to get back above the trend line.
The ISA and share portfolios look like this
| Weekly Change | |||
| Cash |
£9.70 |
-£3.75 | |
| Portfolio cost | £62,990.04 | +£0 | |
| Portfolio sell value (bid price-commission) | £45,247.48 | (-28.2%) | +£1,055.27 |
| Potential profits | £2,572.05 | +£600.00 | |
| Yr 6 Dividends | £0 | +£0 | |
| Yr 6 Profit from sales | £591.81 | +£0 | |
| Yr 6 Average monthly cash profit | £178.54 | (3.4%) | -£14.98 |
| Total Dividends | £1,343.15 | +£0 | |
| Total Profit from sales | £21,018.42 | +£0 | |
| Average monthly cash profit | £349.73 | (6.7%) | -£1.34 |
|
(Sold stocks profit + Dividends - Fees / Months) |
|||
| Performance/Injection | 10.1% | +0% | |
| Compound performance | 53% | +0% |
Cash dropped due to ISA fee, nice boost in value, and £600 of that was a 0.6p
rise in JLP:Jubilee Metals to improve potential profits by £600. Performance
still above 10% target but only just.
Still way too close to the injection line
Bang on the trend line so at least it won't get dragged down again.
The SIPP looks like this after week 258
| Weekly Change | ||||
| Cash |
£138.65 |
-£11.40 | ||
| Portfolio cost | £58,959.20 | +£0 | ||
|
Portfolio sell value (bid price - commission) |
£45,583.15 | (-22.7%) | +£846.65 | |
| Potential profits | £437.57 | +£309.64 | ||
| Yr 5 Dividends | £167.84 | +£5.26 | ||
| Yr 5 Interest | £0.03 | +£0 | ||
| Yr 5 Profit from sales | £2,910.34 | +£0 | ||
| Yr 5 Average monthly cash profit | £251.39 | (5.1%) | -£6.14 | |
| Total Dividends | £2,067.08 | +£5.26 | ||
| Total Interest | £0.20 | +£0 | ||
| Total Profit from sales | £15,459.44 | +£0 | ||
| Average monthly cash profit | £283.95 | (5.8%) | -£1.30 | |
|
(Sold stocks profit + Dividends - Fees / Months) |
||||
| Performance/Injection | 9.0% | +0% | ||
| Compound performance | 45% | +0% |
Cash went down by monthly fees, but the tiny £5 dividend from CMCL:Caledonia Mining helped reduce that drop. Potential profits up a healthy £309 thanks to the magic formula shares, and there was an additional £500 of reduced losses. Just 2 weeks to go in year 5 so it looks like I'll only achieve performance of 5% of current portfolio cost, but that's pretty good considering the dreadful year we've had and the fact most shares still haven't recovered from the covid losses.
Still nearer injection than cost, but a healthy buffer.
Quite a bit below the trend line, so need to resolve that quick else it won't be pointing up for long.
The trading account looks like this after week 224
| Weekly Change | |||
| Cash | £236.18 | +£0 | |
| Portfolio cost | £2,354.11 | +£0 | |
| Portfolio sell value (bid price - commission) | £1,607.77 | (-31.7%) | +£43.36 |
| Potential profits | £0 | +£0 | |
| Year 5 Dividends | £0 | +£0 | |
| Year 5 Profit | £370.12 | +£0 | |
| Yr 5 Average monthly cash profit | £100.24 | (51.1%) | -£6.68 |
| Dividends | £47.92 | +£0 | |
| Profit from sales | £656.49 | +£0 | |
| Average monthly cash profit | £13.63 | (6.9%) | -£0.06 |
|
(Sold stocks profit + Dividends - Fees / Months) |
Not a bad week, although not enough to make up for last week's losses. Most shares ticked up except SBTX:SkinBioTherapeutics which is increasingly appearing to be a very badly timed investment.
Back above the injection line, which for a long time I never expected to ever happen.
Nicely above the trend line, so all under control here.
Here's the wish list:
- TLOU:Tlou Energy announce de-watering has resumed. Nope, but the price continues to climb so I don't care.
- JLP:Jubilee Metals to announce permission to process platinum rich tailings at DCM and the fine chrome plant move is completed and operational. Still no news of this, just the new copper deal which wasn't expected. If these two are announced as well then we'll be rocking.
-
OPTI:Optibiotix to get within 10% of profit. No news all week and the
share price stayed still. That's a good thing as it suggests the seller is
pausing for breath, but nobody is buying. If there is news next week then
maybe this wish will come true.
- CAML:Central Asia Metals re-instate their dividend. It's getting close. They gave an update on the pollution clean up and made it clear the dividend will be re-instated soon. I suspect they're just letting the cleanup progress a bit further before being seen to dish out money to shareholders.
Good solid week. Lets hope all the messing around in USA gets cleared up soon
and we have another up week next week.
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