Week 320 Review - The third week in a row with heavy losses

Another wretched week with another big drop, this time of £5,563. That widens the deficit between cost and value to £38,319 and drops overall value to £110,812.

Nearly everything dropped, but the biggest fallers were ASHM:Ashmore Group which holds a lot of bonds of troubled Chinese company Evergrande, and OPTI:Optibiotix, which has dropped 3p back into the 40's, so both of these are down 5%.

No company deserves the title of Share of the Week as everything was rubbish.

Back down to the lows of a few months ago, although it's worse as costs have gone up.

That is more representative of how bad this week is - record lows for this 12-month period.

Here's the ISA and shares portfolio after week 8 of year 7.

			Weekly Change
Cash	£34.09		+£0
Portfolio cost	£69,679.47		+£0
Portfolio sell value (bid price-commission)	£53,321.58	(-23.5%)	-£2,872.40
Potential profits	£4,488.41		+£0
Yr 7 Dividends	£0		+£0
Yr 7 Profit from sales	£1,465.26		+£0
Yr 7 projected avg monthly profit	£791.65	(21.6%)	-£113.09
Total Dividends	£1,343.15		+£0
Total Profit from sales	£25,589.20		+£0
Average monthly cash profit	£360.85	(9.9%)	-£1.13
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	61%		+0%

Very little happened other than lots of shares going down in value. JLP:Jubilee Metals stayed the same, so no change in potential profits.

As with the overall chart, this is back to the bottom of the channel we've been stuck in for six months

Not as bad as it was 12 months ago, but not far off.

The SIPP looks like this after week 304 overall and week 44 of year 6.

			Weekly Change
Cash	£321.62		+£0
Portfolio cost	£76,462.81		+£0
Portfolio sell value (bid price - commission)	£55,747.34	(-27.1%)	-£2,678.75
Potential profits	£268.36		+£42.00
Yr 6 Dividends	£944.58		+£0
Yr 6 Interest	£0		+£0
Yr 6 Profit from sales	£8,345.60		+£0
Yr 6 projected avg monthly profit	£898.42	(23.4%)	-£20.89
Total Dividends	£3,011.66		+£0
Total Interest	£0.20		+£0
Total Profit from sales	£23,805.04		+£0
Average monthly cash profit	£371.02	(9.7%)	-£1.22
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	57%		+0%

CAML:Central Asia Metals increased a small amount so potential profits are up slightly. Quiet apart from a massive drop in value.

Same as the other charts

Down to a 12-month low.

The trading account looks like this after week 270 overall and week 10 of year 6.

			Weekly Change
Cash	£259.74		+£0
Portfolio cost	£2,374.14		+£0
Portfolio sell value (bid price - commission)	£1,128.36	(-52.5%)	-£12.66
Potential profits	£0.00		+£0
Year 6 Dividends	£0.00		+£0
Year 6 Profit	£0.00		+£0
Yr 6 projected avg monthly profit	£0.00	(0%)	+£0
Dividends	£60.10		+£0
Profit from sales	£937.88		+£0
Average monthly cash profit	£16.02	(8.1%)	-£0.06
(Sold stocks profit + Dividends - Fees / Months)

Just a small drop this week.

Well below injection line.

Hopeless.

I thought things would turn around after summer holidays were over but they've got worse. I should pretty much give up looking at any of this until some news comes in from OPTI:Optibiotix of DDDD:4D Pharma as nothing of interest is likely to happen until then.

Week 319 Review - Total collapse into despair

A repeat of last week's fall saw another £6,308 drop off the value as everything continued to slump. My biggest holdings had large drops so we're right back at the lows from a few weeks ago. The deficit between cost and value is now £32,755 and total value has dropped to £116,376.

I'm late writing up so I'm not going to try and explain each drop as it's mostly metals getting hammered.

JLP:Jubilee Metals dropped 14%

SMS:Smart Metering Systems also dropped 14% after announcing a placing

FXPO:Ferrexpo dropped 13%

DDDD:4D Pharma dropped 8% and is one of my biggest holdings.

HUM:Hummingbird Resources dropped 8%

ASY:Andrews Sykes Group normally never moves but dropped 7% for no reason.

TLOU:Tlou Energy fell 6%.

OPTI:Optibiotix dropped 2p which contributed £3,200 of the fall.

Share of the Week is an absolute joke, only climbing by 2%. I'm giving it to IQE:IQE despite CMCL:Caledonia Mining also climbing 2% as I'm fed up with CMCL and don't want to give them any kind of reward.

Not happy.

Back below the bloody trend line.

Here's the ISA and shares portfolio after week 7 of year 7.

			Weekly Change
Cash	£34.09		+£11.57
Portfolio cost	£69,679.47		+£753.44
Portfolio sell value (bid price-commission)	£56,193.98	(-19.4%)	-£3,385.20
Potential profits	£4,488.41		-£973.27
Yr 7 Dividends	£0		+£0
Yr 7 Profit from sales	£1,465.26		+£715.01
Yr 7 projected avg monthly profit	£904.74	(24.7%)	+£365.60
Total Dividends	£1,343.15		+£0
Total Profit from sales	£25,589.20		+£715.01
Average monthly cash profit	£361.98	(9.9%)	+£8.61
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	61%		+2%

I got so fed up with DDDD:4D Pharma continuing to fall that I wanted to buy some more, so I sold 6,000 JLP:Jubilee Metals shares at 16.42p making £715.01 (264.6%) profit and re-invested in DDDD buying 1,296 shares at 77.14p costing £1,011.68. That brought the average price in my ISA down to 115.3838p.

Potential profits dropped by even more at £973 as JLP:Jubilee Metals dropped 14%, some of which was after I sold. Cash was up slightly as I added £50 to help with the purchase. Massive £3,385 drop in value was even more than last week, but at least long term performance is now at 9.9% which is excellent.

It's actually not gone as low as a few weeks ago on this chart.

A bit more severe on this chart and a long way below the trend line

The SIPP looks like this after week 303 overall and week 43 of year 6.

			Weekly Change
Cash	£321.62		+£0
Portfolio cost	£76,462.81		+£120.00
Portfolio sell value (bid price - commission)	£58,426.09	(-23.6%)	-£2,819.10
Potential profits	£226.36		-£82.37
Yr 6 Dividends	£944.58		+£0
Yr 6 Interest	£0		+£0
Yr 6 Profit from sales	£8,345.60		+£0
Yr 6 projected avg monthly profit	£919.31	(24.0%)	-£21.91
Total Dividends	£3,011.66		+£0
Total Interest	£0.20		+£0
Total Profit from sales	£23,805.04		+£0
Average monthly cash profit	£372.24	(9.7%)	-£1.24
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	57%		+0%

My monthly automated investment of £120 kicked in to double my holding of Blackrock World Gold just as the price of gold dipped. The drop in value isn't as bad as last week or as bad as the ISA, but potential profits were hammered by the big drop to loss of SMS:Smart Metering Systems following their placing. Long term performance is still looking good at 9.7% and with only 9 weeks to go of year 6, the annual performance is going to be almost 20%.

I just can't seem to hold any gains.

Way below the trend line.

The trading account looks like this after week 269 overall and week 9 of year 6.

			Weekly Change
Cash	£259.74		+£0
Portfolio cost	£2,374.14		+£0
Portfolio sell value (bid price - commission)	£1,141.02	(-51.9%)	-£104.57
Potential profits	£0.00		+£0
Year 6 Dividends	£0.00		+£0
Year 6 Profit	£0.00		+£0
Yr 6 projected avg monthly profit	£0.00	(0%)	+£0
Dividends	£60.10		+£0
Profit from sales	£937.88		+£0
Average monthly cash profit	£16.08	(8.1%)	-£0.06
(Sold stocks profit + Dividends - Fees / Months)

Everything except IQE:IQE absolutely dived, so £104 lost in value and the portfolio is down by more than 50%. Utterly desperate.

How bad is that? Well below the injection line with no hope of salvation.

Almost off the bottom of the chart.

I'm late writing up, and at the mid point of the week am down another £3,166, so I'm in a state of pure misery and St Leger day can just bog off!

Week 318 Review - Dreadful week as we spiral back down into the doldrums

Nearly everything is significantly down this week, wiping out the last few weeks' gains and making me wish it was still summer holidays. The deficit between cost and value widened by £6,668 to £26,446 and overall value dropped to £121,799.

As usual JLP:Jubilee Metals was one of the extremes and dropped 16% of my original purchase price which isn't that much. If I make some profit selling my POLY:Polymetal shares in the ISA, these are now cheaper to buy back than the price I sold them for last week.

CEY:Centamin, IQE:IQE and POLY:Polymetal all dropped 6%, the latter partly from going ex-dividend, but it dropped further after that.

ASHM:Ashmore Group dropped 5% after slipping to a loss in my portfolio last week, and so is now 6% down.

OPTI:Optibiotix gave up all of last week's gains and dropped 5% costing me £4,800 of the total drop, but there's almost £2,000 more on top of that, and I don't even have a spot of profit taking to blame it on.

Only one share bucked the trend, with SMS:Smart Metering Systems climbing 5% and going 8% into profit. Thank goodness one of my magic formula shares has read the script.

Very bad

Back below the trend line

Here's the ISA and shares portfolio after week 6 of year 7.

			Weekly Change
Cash	£22.52		+£0
Portfolio cost	£68,926.03		+£0
Portfolio sell value (bid price-commission)	£58,825.74	(-14.7%)	-£3,232.10
Potential profits	£5,461.68		-£309.77
Yr 7 Dividends	£0		+£0
Yr 7 Profit from sales	£750.25		+£0
Yr 7 projected avg monthly profit	£539.14	(14.7%)	-£107.83
Total Dividends	£1,343.15		+£0
Total Profit from sales	£24,874.19		+£0
Average monthly cash profit	£353.37	(9.7%)	-£1.12
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	59%		+0%

Massive drop in value, and potential profits drop thanks to JLP:Jubilee Metals by £309. Long term performance still ok though.

It doesn't looks as bad on this chart

At least we're just touching the trend line and not below it.

The SIPP looks like this after week 302 overall and week 42 of year 6.

			Weekly Change
Cash	£321.62		+£0
Portfolio cost	£76,342.81		+£0
Portfolio sell value (bid price - commission)	£61,125.19	(-19.9%)	-£3,352.16
Potential profits	£308.73		+£7.43
Yr 6 Dividends	£944.58		+£0
Yr 6 Interest	£0		+£0
Yr 6 Profit from sales	£8,345.60		+£0
Yr 6 projected avg monthly profit	£941.22	(24.6%)	-£22.96
Total Dividends	£3,011.66		+£0
Total Interest	£0.20		+£0
Total Profit from sales	£23,805.04		+£0
Average monthly cash profit	£373.48	(9.8%)	-£1.24
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	57%		+0%

Potential profits actually increased thanks to SMS:Smart Metering Systems rising more than CAML:Central Asia Metals dropped. Similarly catastrophic drop in portfolio value and similarly long term performance is holding up well.

Back to being about halfway between cost and injection.

Also touching the trend line, but this is a downward trend.

The trading account looks like this after week 268 overall and week 8 of year 6.

			Weekly Change
Cash	£259.74		+£0
Portfolio cost	£2,374.14		+£0
Portfolio sell value (bid price - commission)	£1,245.59	(-47.5%)	-£84.05
Potential profits	£0.00		+£0
Year 6 Dividends	£0.00		+£0
Year 6 Profit	£0.00		+£0
Yr 6 projected avg monthly profit	£0.00	(0%)	+£0
Dividends	£60.10		+£0
Profit from sales	£937.88		+£0
Average monthly cash profit	£16.14	(8.2%)	-£0.06
(Sold stocks profit + Dividends - Fees / Months)

Everything fell, and DDDD:4D Pharma fell hard, so things are now officially at a 12 month low after £84 was taken off the value. Did I mention I wasn't very good at trading? I was good for about 3 weeks and if felt great, but back to reality again now.

Back below the injection line meaning I have less than I started out with.

Well below the downward trend line.

There are interims for CAML:Central Asia Metals next week and hopefully a rise in dividend. DDDD:4D Pharma are also presenting at various events where there's hope for news. It's also the St Leger on Saturday, so lots of potential to see a bounce next week, unless of course something happens and it carries on being rubbish.

Week 317 Review - Spread betting companies crash after CMC Markets profit warning

A frustrating week as IGG:IG Group and PLUS:Plus 500 both took a nosedive following a profit warning from CMCX:CMC Markets. This despite both companies recently issuing statements saying revenues are meeting expectations. If it were not for OPTI:Optibiotix gaining 3p this would have been a pretty bad week, but instead the deficit between cost and value decreased by £2,826 to £19,778 and total portfolio value increased to £128,468. I guess I didn't help matters by cashing in £750 profits, but it was still a bad week for most of the portfolio.

IGG:IG Group was the worst performer on the back of the CMCX:CMC Markets profit warning. They dropped 7% to go from 5% potential profit to 2% loss. I'm happy that by the time I review them next year I'll be able to sell for a profit.

Share of the Week is OPTI:Optibiotix which climbed 5% and is now only 8% down, although after being invested for six years that's still somewhat frustrating. A 3p rise is worth £4,800, so when you take off the £750 profit I banked, the other stocks fell by £1,250. 

A nice steep rise in the right direction. Let's hope it lasts.

Above the trend line, but it's going to take some effort to flatten it with the last 6 months having been so bad.

Here's the ISA and shares portfolio after week 5 of year 7.

			Weekly Change
Cash	£22.52		-£9.06
Portfolio cost	£68,926.03		+£755.56
Portfolio sell value (bid price-commission)	£62,057.84	(-10.0%)	+£1,271.66
Potential profits	£5,771.45		-£802.63
Yr 7 Dividends	£0		+£0
Yr 7 Profit from sales	£750.25		+£750.25
Yr 7 projected avg monthly profit	£646.97	(17.7%)	+£646.97
Total Dividends	£1,343.15		+£0
Total Profit from sales	£24,874.19		+£750.25
Average monthly cash profit	£354.49	(9.7%)	+£9.12
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	59%		+2%

I got really fed up with POLY:Polymetal dropping so badly, so decided to take advantage just before dividend ex-date and buy some. I sold 5,747 shares in JLP:Jubilee Metals making £750.25 (289.3%) profit and used the proceeds to buy 68 shares in POLY:Polymetal at 1,457.293p costing £1,002.91. I'm hoping for a tasty dividend, a small profit, and then buying back my JLP:Jubilee Metals shares.

Long term performance nudged up to 9.7% and Year 7 has got off the mark. Great to see that the overall portfolio is only down by 10% now. Break even by Christmas would be a dream come true.

Not far away from that tricksy cost line now

Well above the trend line but with a battle ahead if I want to keep it pointing upwards.

The SIPP looks like this after week 301 overall and week 41 of year 6.

			Weekly Change
Cash	£321.62		-£16.71
Portfolio cost	£76,342.81		+£0
Portfolio sell value (bid price - commission)	£64,477.35	(-15.5%)	+£1,615.38
Potential profits	£301.30		-£67.96
Yr 6 Dividends	£944.58		+£0
Yr 6 Interest	£0		+£0
Yr 6 Profit from sales	£8,345.60		+£0
Yr 6 projected avg monthly profit	£964.18	(25.2%)	-£25.91
Total Dividends	£3,011.66		+£0
Total Interest	£0.20		+£0
Total Profit from sales	£23,805.04		+£0
Average monthly cash profit	£374.72	(9.8%)	-£1.49
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	57%		+0%

Cash dropped slightly due to monthly charges, and profit was hit by IGG:IG Group going to loss. Performance still pretty good at 9.8% over nearly 6 years. The overall portfolio is still 15% down, and that's largely due to poor performance from gold mines and the latest batch of magic formula shares.

Right direction but still a long way to go.

Only just above the trend line and it's facing downwards quite steeply still.

The trading account looks like this after week 267 overall and week 7 of year 6.

			Weekly Change
Cash	£259.74		+£0
Portfolio cost	£2,374.14		+£0
Portfolio sell value (bid price - commission)	£1,329.64	(-44.0%)	-£60.30
Potential profits	£0.00		+£0
Year 6 Dividends	£0.00		+£0
Year 6 Profit	£0.00		+£0
Yr 6 projected avg monthly profit	£0.00	(0%)	+£0
Dividends	£60.10		+£0
Profit from sales	£937.88		+£0
Average monthly cash profit	£16.20	(8.2%)	-£0.06
(Sold stocks profit + Dividends - Fees / Months)

Half of last week's gains were wiped out as DDDD:4D Pharma plummeted for no reason. This account is back to looking utterly desperate.

Heading back towards the injection line.

Still below the trend line and still very bleak, especially considering this account is meant to be for quick wins.

Nothing more to say this week as I'm really late writing up, and the new week is looking pretty bad so I may not be writing it up in a hurry!