Week 292 Review - Miners have a good week

Not a bad week, with some of the recent losses recouped. The portfolio value improved by £2,930 and the deficit between cost and value reduced to £16,478. Total portfolio value is now £116,252.

Only one big loser this week. SAE:Simec Atlantis Energy dropped 6% and is suffering after the Uskmouth power station conversion application was called in, and after some bad press on ShareProphets. My holding is now 85% down and I don't hold out a lot of hope they will ever get back into profit.

APAX:Apax Global Alpha climbed 5% to go 47% up since last June, as well as having delivered 3% dividend so far and more to come. I am becoming increasingly interested in my plan to keep hold of the "free" shares after 12 months and just liberate the original £1,000 so I can carry on reaping the dividends as well as banking some paper profit.

CAML:Central Asia Metals climbed 6% and may continue upwards prior to results which promise to be rather good. I'm hoping that they will pay a special dividend to make up for missing out on one last year due to Covid uncertainty. Meanwhile iIm happy these are 40% up and I need to resist the temptation to sell any more when I see something shiny I want to buy.

CMCL:Caledonia Mining went up by 8% this week, but are still 15% down and my only magic formula share that's making a loss. I really need them to get back into profit so I can sell the half I bought intending a quick sale on what I thought would be a re-rate. The only re-rate so far was downwards.

FXPO:Ferrexpo is up another 12% this week and really storming it as iron ore prices continue to rise. It's likely a special divi will be announced at the end of the month, and I've already had a 10% return since May, and the shares themselves are up by 94%. It looks like I'll be able to liberate my £1,000 in May and still keep £1,000 worth for more dividends.

Share of the Week is JLP:Jubilee Metals which continues to climb relentlessly. Five years of waiting has certainly been worthwhile, as it went up another 18% this week to go 277% up altogether. I've also top-sliced £3,000 profits and still have a holding worth £13,000. I really must make sure I keep these as the eventual dividend could be as much as £1,600 a year based on 5% of a 40p share price.

A slightly disappointing teak upwards.

Still well below the trend line so need a good week next week.

Here's the ISA and shares portfolio after week 32 of year 6.

			Weekly Change
Cash	£9.99		+£0
Portfolio cost	£64,600.12		+£0
Portfolio sell value (bid price-commission)	£56,498.67	(-12.5%)	+£1,302.93
Potential profits	£9,572.86		+£640.00
Yr 6 Dividends	£0		+£0
Yr 6 Profit from sales	£2,167.17		+£0
Yr 6 projected avg monthly profit	£289.41	(8.3%)	-£9.33
Total Dividends	£1,343.15		+£0
Total Profit from sales	£22,593.78		+£0
Average monthly cash profit	£351.33	(10.1%)	-£1.21
(Sold stocks profit + Dividends - Fees  / Months)
Compound performance	57%		+0%

A nice rise in potential profit thanks to JLP:Jubilee Metals, and OPTI:Optibiotix climbed 1p which made a big contribution. Long term performance remains above target 10%.

As with the combined chart.

This is also very much like the combined chart.

The SIPP looks like this after week 276 overall and week 16 of year 6.

			Weekly Change
Cash	£204.57		+£13.88
Portfolio cost	£65,302.73		+£0
Portfolio sell value (bid price - commission)	£57,494.48	(-12.0%)	+£1,573.61
Potential profits	£5,081.02		+£701.14
Yr 6 Dividends	£433.05		+£13.88
Yr 6 Interest	£0		+£0
Yr 6 Profit from sales	£3,714.29		+£0
Yr 6 projected avg monthly profit	£1,105.09	(33.1%)	-£69.67
Total Dividends	£2,500.13		+£13.88
Total Interest	£0.20		+£0
Total Profit from sales	£19,173.73		+£0
Average monthly cash profit	£329.49	(9.9%)	-£0.98
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	52%		+0%

PAY:Paypoint paid out a £13.88 dividend, making a total of £41.64 since I bought them which is 4%. Potential profits rose by £704 thanks to multiple shares, and OPTI:Optibiotix climbing 1p.

The same as the ISA chart.

Still way too far below the trend line.

The trading account looks like this after week 242 overall and week 34 of year 5

			Weekly Change
Cash	£249.58		+£0
Portfolio cost	£2,364.43		+£0
Portfolio sell value (bid price - commission)	£1,795.26	(-24.1%)	+£53.88
Potential profits	£14.00		+£14.00
Year 5 Dividends	£12.18		+£0
Year 5 Profit	£631.65		+£0
Yr 5 projected avg monthly profit	£82.06	(41.6%)	-£2.48
Dividends	£60.10		+£0
Profit from sales	£918.02		+£0
Average monthly cash profit	£17.51	(8.9%)	-£0.08
(Sold stocks profit + Dividends - Fees  / Months)

A nice tick up, but not enough to make up last week's losses. I need to sell something soon. CAML:Central Asia Metals is making £14 potential profit so may climb enough to sell next week. DDDD:4D Pharma has dropped 13% and needs a rocket up the bum to get back into profit.

Only a little rise

Well below the trend line.

I should be able to make my pension transfer request next week. I'm a bit torn as I'd like to transfer it to AJ Bell but they have an utterly rubbish manual form-filling and letter-posting exercise. I've got a good mind to just forget about them until they sort out an online transfer process, as I could be waiting 10 weeks for anything to come through. I'll stick with Hargreaves Landsdown until then, as that process can take as little as 10 days.

That could be the difference between bagging some more OPTI:Optibiotix at a bargain or having to re-calculate my magic formula rankings. I know I should do the magic formula, but OPTI at 52p is too much to resist. If that increases by then, I'll still have DDDD:4D Pharma cheaper than when I bought it, or getting back the CAML:Central Asia Metals shares I sold, or getting back into SBTX:SkinBioTherapeutics if the price ever comes down to a sensible level. Let's face it, the magic formula isn't getting a look in this time. I promise to use the £1,000 I liberate from CMCL:Caledonia Mining for a new magic formula share...