I'm getting fed up of these massive swings every week. Just as I think things are finally going OK they plunge to a massive loss again. Almost all last week's gains were wiped out as my portfolio crashed by £10,176 to go back into the red with a deficit between cost and value of £8.957. The total value dropped to £120,646.
So, it's a deep breath before we hurtle into abject misery.
JLP:Jubilee Metals was the biggest loser this week, dropping 24% in a combination of profit taking and people getting jitters because they always manage to do something stupid just as things start looking good. This week it was a pitiful publicity stunt as the two main directors bought back a measly 500,000 shares after selling millions the week before. It's a real worry that they thought this was a good idea. They may as well have just waited to cash in their options.
FXPO:Ferrexpo paid out a nice special dividend of £35 taking their total divi to £101 in less than a year. That's a nice 10% on top of the 55% growth so far. Shame they dropped 16% this week else they would have been quids in for Share of the Week.
IQE:IQE had a major stutter this week and dropped 10%. It may take longer than I thought before I can sell the trading pot.
OPTI:Optibiotix fell 6p and contributed £8,000 of this week's losses. Here was me eyeing up 84p so I could sell the ones in my share account, but no chance. Back we go below 60p after knocking on resistance and failing to break through yet again.
CAML:Central Asia Metals had another bad week and are sinking like a brick. Another 5% this week, but I think it's a general mailaise as lots of shares have dropped by the same amount.
So many have dropped by 5% that I couldn't be bothered trying to explain why. They all dropped because it's been a shit week on the market. CMCL:Caledonia Mining, HUM:Hummingbird Resources, PAY:Paypoint and POLR:Polar Capital Holdings all fell by 5%.
There is no Share of the Week this week as none of them deserve it. A few managed a feeble 1% gain but everything else is flat or down. It really was a rubbish week
Pleh!
I usually witter on about being above the trend line, but can't be bothered.
Here's the ISA and shares portfolio after week 26 of year 6
| Weekly Change | |||
| Cash | £32.95 |
+£0 | |
| Portfolio cost | £63,009.29 | +£0 | |
| Portfolio sell value (bid price-commission) | £58,142.97 | (-7.7%) | -£5,576.31 |
| Potential profits | £7,666.04 | -£2,237.57 | |
| Yr 6 Dividends | £0 | +£0 | |
| Yr 6 Profit from sales | £591.81 | +£0 | |
| Yr 6 projected avg monthly profit | £94.88 | (2.7%) | -£3.80 |
| Total Dividends | £1,343.15 | +£0 | |
| Total Profit from sales | £21,018.42 | +£0 | |
| Average monthly cash profit | £334.94 | (9.6%) | -£1.18 |
|
(Sold stocks profit + Dividends - Fees / Months) |
|||
| Compound performance | 53% | +0% |
Great big drop and profits hammered as JLP:Jubilee Metals lost £1,000 and all OPTI:Optibiotix profits vanished.
Not as low as 2 weeks ago.
Which direction will we go next week?
The SIPP looks like this after week 270 overall and week 10 of year 6.
| Weekly Change | ||||
| Cash | £326.87 | +£40.94 | ||
| Portfolio cost | £63,621.21 | +£0 | ||
|
Portfolio sell value (bid price - commission) |
£60,014.40 | (-5.7%) | -£4,524.30 | |
| Potential profits | £4,101.03 | -£819.43 | ||
| Yr 6 Dividends | £419.17 | +£40.94 | ||
| Yr 6 Interest | £0 | +£0 | ||
| Yr 6 Profit from sales | £2,172.89 | +£0 | ||
| Yr 6 projected avg monthly profit | £1,108.79 | (33.2%) | -£103.48 | |
| Total Dividends | £2,486.25 | +£40.94 | ||
| Total Interest | £0.20 | +£0 | ||
| Total Profit from sales | £17,632.33 | +£0 | ||
| Average monthly cash profit | £312.90 | (9.4%) | -£1.16 | |
|
(Sold stocks profit + Dividends - Fees / Months) |
||||
| Compound performance | 49% | +1% |
Nice dividends from FXPO:Ferrexpo and CMCL:Caledonia Mining, and the drop in potential profits isn't quite as bad as the ISA because OPTI:Optibiotix was still loss making last week.
This account dropped lower than it was 2 weeks ago.
Only just lower though.
The trading account looks like this after week 236 overall and week 28 of year 5
| Weekly Change | |||
| Cash | £249.58 | +£0 | |
| Portfolio cost | £2,364.43 | +£0 | |
| Portfolio sell value (bid price - commission) | £1,879.92 | (-20.5%) | -£76.01 |
| Potential profits | £0 | +£0 | |
| Year 5 Dividends | £12.18 | +£0 | |
| Year 5 Profit | £631.65 | +£0 | |
| Yr 5 projected avg monthly profit | £99.64 | (50.6%) | -£3.69 |
| Dividends | £60.10 | +£0 | |
| Profit from sales | £918.02 | +£0 | |
| Average monthly cash profit | £17.96 | (9.1%) | -£0.08 |
|
(Sold stocks profit + Dividends - Fees / Months) |
Great big drop of £76 just as it was looking like I was getting the hang of this. No prospect of selling anything for a while now.
A bad few weeks.
Almost touching the trend line. I never expect this account to trend upwards - flat would be ideal once I'm a bit closer to break-even.
So I timed my big purchase with my £4,500 really badly and what's worse is SBTX:SkinBioTherapeutics continues to grow. It's grown so much that the market cap now exceeds OPTI:Optibiotix despite OPTI owning 25% of the company and being at least a year closer to profitability. Hopefully the problem is OPTI being too low rather than SBTX being too high, although if they do drop I'll be able to buy back in.
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