Week 324 Review - Flat week but some Jubilee Metals profits banked to buy more Optibiotix

This would have been a completely flat week, but I got frustrated and wanted to boost my morale so I sold some more of my JLP:Jubilee Metals shares to bank some profit, and spent the proceeds buying more OPTI:Optibiotix, because it can't be long before some significant announcements. The impact was to widen the deficit between cost and value by £620 to £41,163, but the portfolio value increased by £726 to £108,921.

The worst performer was HUM:Hummingbird Resources which dropped 10% after a rather tepid quarterly trading update. Fortunately it climbed 15% last week, so it's still up on a few weeks ago, but down 50% since I bought them.

That was the only poor performer. TLOU:Tlou Energy had a great week as it signed a PPA with the Botswanan power generation company. That boosted my ISA by 5%, but my SIPP holding went up by 13% of the original purchase price. I thought the PPA signing would have caused a bigger increase, but my SIPP is left 13% down and my ISA is 61% down.

POLY:Polymetal had a good week climbing 6%, so my ISA holding is only down by 5% of purchase price whereas my SIPP is down 19%.

JLP:Jubilee Metals wins Share of the Week climbing 13% of purchase price and giving me a nice big profit when I sold some.

The week is showing as flat as cost went up slightly but value didn't.

This shows a real decline cause by cashing in some profits and widening the deficit.

Here's the ISA and shares portfolio after week 12 of year 7.

			Weekly Change
Cash	£20.79		-£31.71
Portfolio cost	£70,491.00		+£811.53
Portfolio sell value (bid price-commission)	£52,225.41	(-25.9%)	-£550.24
Potential profits	£4,135.43		-£544.24
Yr 7 Dividends	£22.16		+£0
Yr 7 Profit from sales	£2,245.07		+£779.81
Yr 7 projected avg monthly profit	£816.01	(22.3%)	+£233.01
Total Dividends	£1,365.31		+£0
Total Profit from sales	£26,369.01		+£779.81
Average monthly cash profit	£367.07	(10.0%)	+£9.33
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	62%		+1%

I sold 6,000 shares in JLP:Jubilee Metals at 17.5001p and made £779.81 (288.6%) profit, which massively boosted year 7 projected performance and also improved long term performance by £9 a month to take us to the 10% target. Potential profits only lost £544 because JLP had risen nicely before I sold it and reduced the impact on the portfolio. The figures suggest I would have been up by around £200 if I hadn't sold anything.

Flat green line and little up-tick for red.

In increase in the deficit so back down to where we were the week before last.

The SIPP looks like this after week 308 overall and week 48 of year 6.

			Weekly Change
Cash	£254.99		+£113.08
Portfolio cost	£76,684.78		+£221.89
Portfolio sell value (bid price - commission)	£55,038.50	(-28.2%)	-£2.72
Potential profits	£352.33		-£28.35
Yr 6 Dividends	£1,071.71		+£83.08
Yr 6 Interest	£0		+£0
Yr 6 Profit from sales	£8,241.18		+£0
Yr 6 projected avg monthly profit	£824.09	(21.5%)	-£9.87
Total Dividends	£3,138.79		+£83.08
Total Interest	£0.20		+£0
Total Profit from sales	£23,700.62		+£0
Average monthly cash profit	£366.28	(9.5%)	-£0.02
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	56%		+0%

I received a £30 tax rebate and will do so every month I continue to pay in my £120 regular saving. Cash also went up thanks to a £35.08 dividend from IGG:IG Group and £48.00 from CAML:Central Asia Metals. I like it when my magic formula shares generate cash! Happy to say lots are ex-dividend so there's more to come over the next few weeks.

Aside from that, there was a tiny drop in potential profits and a practically non-existent change of £2 in portfolio value.

Still a sorry site, but no big drop this week.

Flat as a pancake but still below the trend line.

The trading account looks like this after week 274 overall and week 14 of year 6.

			Weekly Change
Cash	£259.74		+£0
Portfolio cost	£2,374.14		+£0
Portfolio sell value (bid price - commission)	£1,122.60	(-52.7%)	-£67.69
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	£15.78	(8.0%)	-£0.06
(Sold stocks profit + Dividends - Fees / Months)

There were falls for everything except IQE:IQE and an especially big one for HUM:Hummingbird Resources, so not surprising most of last week's gains have gone.

Still well below the injection line.

Also below the trend line which is getting steeper.

Another week goes by with no significant news from either OPTI:Optibiotix or DDDD:4D Pharma. I nearly bought a bit of both, but decided OPTI is the one more likely to do something first, and I always feel a bit better after I buy some more. My intention is to keep a core holding of 150,000 shares in OPTI and sell the rest for some profit. I have 165,543 shares so I can play with 15,543 of them and aim to return at least £13,000 when I sell them, which would give me around £3,500 profit.

I have enough to do another pension transfer, which should come into my account the week after next. I'm transferring £2,200 and also selling my Blackrock gold fund, as I've switched my gold fund to AJ Bell and the iShares Physical Gold fund, so no point in hanging on to Blackrock. That will liberate £360 so I'll hang onto that and add it to the £2,200.

My initial plan was to add to my magic formula shares and get SSE:SSE and PAF:Pan African Resources, as they are both high in the rankings and both pay a great dividend. I may still do that, but if CAML:Central Asia Metals is still this price when the cash comes through, I may put the whole lot into that, as I feel bad that I sold so many recently - apart from the £2,159 profit and ability to get loads of magic formula shares. The price is below what I sold them all for so I figure I should buy some back. Let's see what things look like in 2 weeks when the cash arrives...