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!