Week 360 Review - A welcome creep upwards amongst the gloom

Nearly everything went down this week, but a 2p rise in OPTI:Optibiotix was enough to reduce the deficit between cost and value by £3,261 to £101,899 and increase portfolio value to £79,666. The fact that my dream objective is to reduce the deficit to under £100k shows how desperate I am at the moment.

SAE:Simec Atlantis Energy dropped 10% to go 85% down when it became obvious that unless they get a contract for difference to install some more tidal turbines next week, then they will probably go bust.

JLP:Jubilee Metals slipped another 7% of my purchase price, but any news on copper production is likely to see them put on a bit of a spurt.

Share of the Week is OPTI:Optibiotix because nothing else went up by 3% and they made me feel distinctly less miserable - not doubt until next week when the gains get wiped out again.

First decent tick upwards for a long time

Not good enough to get above the trend line though

Here's the ISA and shares portfolio after week 48 of year 7.

			Weekly Change
Cash	£6.43		+£0
Portfolio cost	£82,912.77		+£0
Portfolio sell value (bid price-commission)	£35,035.97	(-57.7%)	+£1,742.89
Potential profits	£1,312.05		-£40.50
Yr 7 Dividends	£10,425.77		+£0
Yr 7 Profit from sales	£3,970.12		+£0
Yr 7 projected avg monthly profit	£1,296.58	(35.2%)	-£27.59
Total Dividends	£11,768.92		+£0
Total Profit from sales	£28,094.06		+£0
Average monthly cash profit	£476.04	(12.9%)	-£1.32
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	89%		+0%

JLP:Jubilee Metals dropped again so potential profits down by £40, but a decent rise in value needs to happen every week for a year to claw back my losses.

Still a long way below the injection line

Given how steep the trend line has become, being underneath it is really bad.

The SIPP looks like this after week 344 overall and week 32 of year 7.

			Weekly Change
Cash	£453.78		+£147.49
Portfolio cost	£95,559.75		+£0
Portfolio sell value (bid price - commission)	£43,354.55	(-54.6%)	+£1,540.86
Potential profits	£0		+£0
Yr 7 Dividends	£10,694.19		+£15.39
Yr 7 Interest	£0		+£0
Yr 7 Profit from sales	£358.14		+£0
Yr 7 projected avg monthly profit	£1,481.36	(33.3%)	-£45.63
Total Dividends	£13,898.58		+£15.39
Total Interest	£0.20		+£0
Total Profit from sales	£24,082.77		+£0
Average monthly cash profit	£466.67	(10.5%)	-£1.16
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	69%		+0%

Cash went up thanks to a tax rebate and me realising that all the recent dividends hadn't been added to the cash value. There was another £15 dividend, this time from FXPO:Ferrexpo, which is a relief as they are still able to function despite operating in Ukraine. Good increase in value, but still 54% down.

Closer to the injection line than the ISA, but not by much.

Still dragging the trend line steeper

The trading account looks like this after week 310 overall and week 50 of year 6.

			Weekly Change
Cash	£259.74		+£0
Portfolio cost	£2,374.14		+£0
Portfolio sell value (bid price - commission)	£556.64	(-76.6%)	-£21.88
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	£13.95	(7.1%)	-£0.05
(Sold stocks profit + Dividends - Fees / Months)

Yet another drop, and with only 2 of the 4 shares in the portfolio still trading I think drastic measures may be required to get this account working properly.

Woeful

Still below the trend line. This has been a stark lesson in how not to operate a trading account, so next week there's going to be fireworks.