I can't remember the last time there was a week as good as this, and it was
based on no particular news. The gain was mainly down to an 8p rise in
OPTI:Optibiotix, but a few other holdings did well too. The deficit
between cost and value reduced by £15,276 to £86,523 and portfolio value
increased to £96,331.
As usual my curse struck again. I had a choice between more
OPTI:Optibiotix shares or sensible magic formula shares when my SIPP
transfer came through. Had I chosen OPTI I would be sitting on 30%
gains, but I chose DNLM:Dunelm Group which is down 5% already.
SMS:Smart Metering Systems climbed 6% to be only 10% down, and I've
had a 2% dividend with another one due soon so we're almost at break even.
SAE:Simec Atlantis Energy had confirmation that they were successful
in a bid for contracts for difference and can now go ahead with more
underwater turbines in the Pentland Firth. That could be a company saving
announcement, and the shares climbed almost 100%, but for me that equated to
7% of my purchase price.
SBTX:SkinBioTherapeutics climbed 9% for no apparent reason, but
are still 48% down.
Share of the Week is OPTI:Optibiotix by a long way. The 8p climb is
14% and covers most of the £15k rise this week.
Unfortunately still below the injection line, but a lot less depressing than last week.
Above the trend line at last!
Here's the ISA and shares portfolio after week 49 of year 7.
| Weekly Change | |||
| Cash | £0 |
-£6.43 | |
| Portfolio cost | £82,912.77 | +£0 | |
| Portfolio sell value (bid price-commission) | £42,484.15 | (-48.8%) | +£7,448.18 |
| Potential profits | £1,258.05 | -£54.00 | |
| Yr 7 Dividends | £10,425.77 | +£0 | |
| Yr 7 Profit from sales | £3,970.12 | +£0 | |
| Yr 7 projected avg monthly profit | £1,269.46 | (34.4%) | -£27.12 |
| Total Dividends | £11,768.92 | +£0 | |
| Total Profit from sales | £28,094.06 | +£0 | |
| Average monthly cash profit |
£474.63 |
(12.9%) | -£1.41 |
|
(Sold stocks profit + Dividends - Fees / Months) |
|||
| Compound performance | 89% | +0% |
Cash down to zero as I'd forgotten to remove a few monthly fees, in fact the trading account had to subsidize it a few quid to pay the last one. I should inject a bit more of a cash buffer after pay day. JLP:Jubilee Metals dropped so potential profits down by £54 but mainly a happy tale of huge gains in value.
Not quite above the injection line but we live in hope.
Well above the trend line. Let's hope this time it stays there.
The SIPP looks like this after week 345 overall and week 33 of year 7.
| Weekly Change | ||||
| Cash | £216.76 | -£237.02 | ||
| Portfolio cost | £97,804.57 | +£2,244.82 | ||
|
Portfolio sell value (bid price - commission) |
£52,856.36 | (-46.0%) | +£7,256.99 | |
| Potential profits | £0 | +£0 | ||
| Yr 7 Dividends | £10,701.99 | +£7.80 | ||
| Yr 7 Interest | £0 | +£0 | ||
| Yr 7 Profit from sales | £358.14 | +£0 | ||
| Yr 7 projected avg monthly profit | £1,436.10 | (31.1%) | -£45.26 | |
| Total Dividends | £13,906.38 | +£8.80 | ||
| Total Interest | £0.20 | +£0 | ||
| Total Profit from sales | £24,082.77 | +£0 | ||
| Average monthly cash profit | £465.28 | (10.1%) | -£1.39 | |
|
(Sold stocks profit + Dividends - Fees / Months) |
||||
| Compound performance | 67% | -2% |
My pension transfer came through so I did some buying. I was seriously considering buying more OPTI:Optibiotix but decided to stick to my plan for safe dividend paying shares. OPTI would have gained 30% in a few days whereas the shares I bought dropped in value.
I bought 121 shares in DNLM:Dunelm Group at 821.6992p costing
£1,011.18 with commission and stamp duty. They promptly fell 5%. It scored
well on my magic formula ranking, but after buying I did have a twinge of
regret, as if inflation keeps going up then people may stop buying the big
ticket items like sofas they sell. They have a string online presence so
hopefully won't be tarnished with the same downturn other retail companies
are having. Mind you, after writing that I'm wondering if I've made a
mistake! I should have written this first...
I also bought another 555 shares in CAML:Central Asia Metals as
it's my most well-run company and I want some more. They were 220.1242p
and cost £1,233.64. They ended the week with a bid price of 220.5p so
around the same as I bought them. They are about to become debt free and
have lots of cash, so I am anticipating either a special dividend or
another acquisition. I have no regrets buying these and should be buying
more.
I had a £7.80 dividend from FXPO:Ferrexpo which takes their total
dividends to £86.41 or 8%. It doesn't make up for the 76% drop in share
price, but if they can hang on until Russia give up their war then the
price may recover to pre-invasion levels.
As with the ISA, not quite back to the injection line
Not as far above the trend line as the ISA but back above it is good.
The trading account looks like this after week 311 overall and week 51 of year 6.
I made a big decision to take a load of losses and starting again. My 2 lots of DDDD:4D Pharma shares are suspended until they sort out administration, after which I'll probably lose the lot. TALY:Tally still haven't floated again so are still suspended. It looks like if they do manage to re-float it will be in December. That left IQE:IQE which are not going anywhere for years, and HUM:Hummingbird Resources which are currently selling gold at a loss despite the high prices so are likely to go bust.
The trading account looks like this after week 311 overall and week 51 of year 6.
| Weekly Change | |||
| Cash | £43.18 | -£216.56 | |
| Portfolio cost | £1,877.84 | -£496.30 | |
| Portfolio sell value (bid price - commission) | £731.43 | (-61.0%) | +£174.79 |
| Potential profits | £0.00 | +£0 | |
| Year 6 Dividends | £0.00 | +£0 | |
| Year 6 Profit | -£711.28 | -£711.28 | |
| Yr 6 projected avg monthly profit | -£60.44 | (-38.6%) | -£60.44 |
| Dividends | £60.10 | +£0 | |
| Profit from sales | £226.60 | -£711.28 | |
| Average monthly cash profit | £3.99 | (2.6%) | -£9.96 |
|
(Sold stocks profit + Dividends - Fees / Months) |
I made a big decision to take a load of losses and starting again. My 2 lots of DDDD:4D Pharma shares are suspended until they sort out administration, after which I'll probably lose the lot. TALY:Tally still haven't floated again so are still suspended. It looks like if they do manage to re-float it will be in December. That left IQE:IQE which are not going anywhere for years, and HUM:Hummingbird Resources which are currently selling gold at a loss despite the high prices so are likely to go bust.
I realised if I baled out of both of those and added the proceeds to the
cash I would have enough to buy one new £500 share. I sold IQE for
a loss of £342.31 (67%) and HUM for a loss of £368.98 (70.9%).
Absolute disaster and dropped my long term performance from 7.1% to 2.6%,
but at least allowed me to start again.
I invested the cash in JLP:Jubilee Metals as they are ramping up
production and there should be a very big hike in revenue in the next few
months. It's not going to be a quick buy and sell but I think it's
relatively safe and prevents me being tempted to take more profit from my
main holding. They cost 14.375p each and I bought 3,478 for £511.91.
Needless to say they are already down by 9% but most of that is wide
spread and commission on such a small investment amount.
It's going to be very hard to get back up to my injection line now.
The good news from taking a big loss is the deficit comes down dramatically and this chart looks great.
It's going to be very hard to get back up to my injection line now.
The good news from taking a big loss is the deficit comes down dramatically and this chart looks great.
For the first time in over a year I'm starting to feel a tiny spark of
optimism. I wonder how long that will last!
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