This week was the flattest I can remember for a long time, with some great rises counter-acted by a 1p drop in OPTI:Optibiotix Health which spoiled the Christmas cheer. At least it was another up week, gaining £200 and narrowing the deficit between cost and value to £19,864.28, with total value plus cash at £107,218.
Although OPTI:Optibiotix Health only dropped 1p, I bought some in my trading account when they were up on the week, so they ended up down 13% compared to my main holding only dropping 2%. My first attempt to trade OPTI has started very badly.
All good news from there, with APAX:Apax Global Alpha continuing the great form of the magic formula shares climbing 11% to go 32% up altogether and making £319 potential profit. These are due for review in June 2021 and have also paid £33 dividend. I'm thinking I should trash everything else I do and stick to the magic formula!
ITV:ITV are another magic formula share and climbed 14% this week to go an amazing 50% up and making £509 potential profit. If these would just re-instate the dividend I'll be very happy, as without a dividend they wouldn't have qualified for my magic formula list. I was ranking them on last year's dividend.
JLP:Jubilee Metals recovered from last week's profit taking and soared 32% to win Share of the Week. They are now up 168% and making £7,272 potential profit. I must stay strong and hold them!
That illustrates flatness quite well.
I just can't seem to narrow that loss below £20K. It's like a big impenetrable buffer.
The ISA and share accounts look like this
| Weekly Change | |||
| Cash |
£55.95 |
+£0 | |
| Portfolio cost | £62,990.04 | +£0 | |
| Portfolio sell value (bid price-commission) | £51,622.16 | (-18.0%) | +£568.06 |
| Potential profits | £7,272.05 | +£1,400.00 | |
| Yr 6 Dividends | £0 | +£0 | |
| Yr 6 Profit from sales | £591.81 | +£0 | |
| Yr 6 Average monthly cash profit | £124.16 | (2.4%) | -£6.54 |
| Total Dividends | £1,343.15 | +£0 | |
| Total Profit from sales | £21,018.42 | +£0 | |
| Average monthly cash profit | £342.18 | (6.5%) | -£1.22 |
|
(Sold stocks profit + Dividends - Fees / Months) |
|||
| Performance/Injection | 9.8% | -0.1% | |
| Compound performance | 53% | +0% |
JLP:Jubilee Metals potential profits are up by a staggering £1,400 but
that's savaged by the drop in OPTI:Optibiotix Health to a more modest
£568 increase. Long term performance drops another 0.1% to go 0.2% below
target.
The rise is hardly visible
Still dragging the trend line higher
The SIPP looks like this after week 264
| Weekly Change | ||||
| Cash | £468.89 | +£0 | ||
| Portfolio cost | £60,958.91 | +£0 | ||
|
Portfolio sell value (bid price - commission) |
£52,973.35 | (-13.1%) | -£259.15 | |
| Potential profits | £4,061.68 | +£319.41 | ||
| Yr 6 Dividends | £346.62 | +£0 | ||
| Yr 6 Interest | £0 | +£0 | ||
| Yr 6 Profit from sales | £0 | +£0 | ||
| Yr 6 Average monthly cash profit | £357.46 | (7.0%) | -£119.15 | |
| Total Dividends | £2,413.70 | +£0 | ||
| Total Interest | £0.20 | +£0 | ||
| Total Profit from sales | £15,459.44 | +£0 | ||
| Average monthly cash profit | £282.91 | (5.6%) | -£1.08 | |
|
(Sold stocks profit + Dividends - Fees / Months) |
||||
| Performance/Injection | 8.5% | +0% | ||
| Compound performance | 43% | +0% |
Nice increase in potential profit of £319 among the magic formula shares, but CAML:Central Asia Metals was completely flat, so the drop in OPTI:Optibiotix Health meant a loss of £259 for the week. Year 6 performance is being dragged back to reality after a crazy start caused by the big CAML dividend.
Still quite close to that red line!
Again there's that impenetrable buffer
The trading account looks like this after week 230
| Weekly Change | |||
| Cash | £241.90 | -£6.46 | |
| Portfolio cost | £2,367.55 | +£13.44 | |
| Portfolio sell value (bid price - commission) | £1,856.71 | (-21.6%) | -£108.64 |
| Potential profits | £0 | -£39.12 | |
| Year 5 Dividends | £12.18 | +£0 | |
| Year 5 Profit | £467.10 | +£96.98 | |
| Yr 5 Average monthly cash profit | £94.90 | (47.8%) | +£15.51 |
| Dividends | £60.10 | +£0 | |
| Profit from sales | £753.47 | +£96.98 | |
| Average monthly cash profit | £15.33 | (7.8%) | +£1.77 |
|
(Sold stocks profit + Dividends - Fees / Months) |
I sold my 168 shares in TRMR:Tremor for 361.44p after buying them for 289.49p making a profit of £96.98 (19%). They ended the week at 330p so for once my timing was OK. I re-invested in OPTI:Optibiotix Health thinking there's no way they are going lower than 55p so let's try trading them. By the end of today I could have bought them for 52p but instead I bought 912 at 54.8p costing £511.73. They dropped 13% in a day when you include spread and commission.
My year 5 performance is looking amazing at 47% when we're only half way through the year. If I don't sell anything for the next 6 months I'll still end up with profits of 20%. My long term performance improved by just £1.77, but it is now 7.8%, which although below target is quite good.
CAML:Central Asia Metals is only 11% down now and has some strong upward momentum, and we know how fast both SBTX:SkinBioTherapeutics and OPTI:Optibiotix Health can climb when they want to, and both of these were bought very cheap despite being down at the moment.
A big dip, but that's what you get when you take profits. The injection line also dips as I removed £90 into my bank account for a fine malt whisky at Christmas.
A steep drop as we see the effect of both profit taking and OPTI:Optibiotix Health's big fall, but the trend line is still steepening upwards.
Here's my wish list:
-
TLOU:Tlou Energy announce de-watering has resumed. I'm going to
remove this wish, as there was an update today which spoke of progress but
also delays. Gas is flowing, but de-watering will not resume until more
wells are dug. That's going to be some time so I don't want to keep wishing
every week when I know it's not coming any time soon.
-
JLP:Jubilee Metals to announce permission to process platinum rich
tailings at DCM and the fine chrome plant move is completed and operational.
Incredibly there's still no news, but the share price continues to rise so
it's a bit academic. I'm still keeping the wish as it should be very
soon.
- OPTI:Optibiotix to get within 10% of profit. Still possible before Christmas but increasingly unlikely without news..
-
CMCL:Caledonia Mining reverses the down trend and gets back into
profit. They were up a little this week, but I expected more after news of 2
exploration deals. I really don't understand this big drop, but I'm
convinced the turn around is very close.
- SBTX:SkinBioTherapeutics gets back into profit. Nope, still falling which is very disappointing as I thought it could get back to 20p.
- The combined portfolios get back into the black. Going n the right direction, but £200 a week is going to take a very long time..
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