This has been my worst week ever. Nearly everything dropped, but
OPTI:Optibiotix dropped 10.75p to the lowest it has been since I have
been a shareholder. That and everything else falling, increased the deficit
between cost and value by £23,280 to £103,560 and smashed the overall value
down to £76,239.
Worst performer by far was OPTI:Optibiotix, with the 10.75p drop being
19% of a £100k holding. I was in a state of shock for some time after reading
the pitiful trading update. There are reasons why it was so bad, and I still
think we'll make it in the long run, but my confidence was severely rocked.
AJB:AJ Bell had been doing well lately, but dropped 9% for no
particular reason and has gone from 4% profit to 5% loss.
JLP:Jubilee Metals has been sinking like a stone and dropped another 6%
this week which was enough to make me sell the whole lot so I could preserve
my profits. I'll buy back once the current seller is finished. The suspicion
is that someone with cheap warrants is offloading them as there are million+
sells every day.
PLUS:Plus500 is doing the same as AJB:AJ Bell and dropped 6% but
at least these are still 7% up. I am slightly worried though, as when these
went above 10^% up I added a virtual stop loss. They went to 13% up so if I
follow my new rules I will sell when they go down to 3% profit. I really hope
I don't have to trigger that, but I have already qualified for the next
dividend and I could always buy them back later.
SBTX:SkinBioTherapeutics seemed to fall in sympathy with
OPTI:Optibiotix and dropped another 6% to go 55% down. All my
microbiome shares are a disaster.
Just as I had a sense of optimism that things were turning around, this is a devastating blow.
Back below the trend line and over £100k down. What an absolute nightmare.
Here's the ISA and shares portfolio after week 4 of year 8.
Huge increase in cash after selling JLP:Jubilee Metals. I sold my 13,500 shares for 13.504p and made £1,218.09 (201.3%) profit. It repaired some of the damage from selling TLOU:Tlou Energy at such a big loss but means nothing is anywhere near in profit now. My plan is to buy back into JLP when the seller finishes.
| Weekly Change | |||
| Cash | £1,821.33 |
+£1,811.09 | |
| Portfolio cost | £80,192.06 | -£593.00 | |
| Portfolio sell value (bid price-commission) | £30,049.73 | (-62.5%) | -£12,259.56 |
| Potential profits | £0 | -£1,312.05 | |
| Yr 8 Dividends | £0 | +£0 | |
| Yr 8 Profit from sales | -£995.63 | +£1,218.09 | |
| Yr 8 projected avg monthly profit | -£1,078.60 | (-29.2%) | +£2,119.00 |
| Total Dividends | £11,768.92 | +£0 | |
| Total Profit from sales | £27,098.43 | +£1,218.09 | |
| Average monthly cash profit |
£453.83 |
(12.3%) | +£13.14 |
|
(Sold stocks profit + Dividends - Fees / Months) |
|||
| Compound performance | 87% | +3% |
Huge increase in cash after selling JLP:Jubilee Metals. I sold my 13,500 shares for 13.504p and made £1,218.09 (201.3%) profit. It repaired some of the damage from selling TLOU:Tlou Energy at such a big loss but means nothing is anywhere near in profit now. My plan is to buy back into JLP when the seller finishes.
Worst ever decline in portfolio value in one week means it has lost 62.5% of
its value. I'm still finding it hard to believe. So much optimism a few weeks
ago after the Firmenich announcement and now this. Deeply distressing.
Disaster
More disaster
Disaster
More disaster
The SIPP looks like this after week 352 overall and week 40 of year 7.
Cash went up thanks to a tax refund, and same disastrous drop in value. Potential profits also plummeted by £136 as all my profitable shares tanked.
Not lowest in last 12 months but not far off
Back below the trend line.
| Weekly Change | ||||
| Cash | £141.54 | +£65.00 | ||
| Portfolio cost | £95,724.27 | +£0 | ||
|
Portfolio sell value (bid price - commission) |
£43,466.19 | (-54.6%) | -£11,686.57 | |
| Potential profits | £95.35 | -£136.75 | ||
| Yr 7 Dividends | £10,727.13 | +£0 | ||
| Yr 7 Interest | £0.01 | +£0 | ||
| Yr 7 Profit from sales | -£3,290.88 | +£0 | ||
| Yr 7 projected avg monthly profit | £790.29 | (16.7%) | -£20.26 | |
| Total Dividends | £13,931.52 | +£0 | ||
| Total Interest | £0.21 | +£0 | ||
| Total Profit from sales | £20,433.75 | +£0 | ||
| Average monthly cash profit | £411.20 | (8.7%) | -£1.17 | |
|
(Sold stocks profit + Dividends - Fees / Months) |
||||
| Compound performance | 59% | +0% |
Cash went up thanks to a tax refund, and same disastrous drop in value. Potential profits also plummeted by £136 as all my profitable shares tanked.
Not lowest in last 12 months but not far off
Back below the trend line.
The trading account looks like this after week 318 overall and week 6 of year 7.
JLP:Jubilee Metals dropped this week so I lost £27 value. My virtual stop loss is placed at 12.8p and it's only on 13.4p so could easily trigger next week given the seller. I will be strict in applying it to this account. With my new tactics I would never have picked JLP for this account.
The creeping rise was short lived
I may get a flat trend line on this one. Mind you, given 75% of the shares are suspended it may as well be completely flat.
Can't write any more. Way too miserable to be interested.
| Weekly Change | |||
| Cash | £43.18 | +£0 | |
| Portfolio cost | £1,877.84 | +£0 | |
| Portfolio sell value (bid price - commission) | £717.52 | (-61.8%) | -£27.82 |
| Potential profits | £0.00 | +£0 | |
| Year 7 Dividends | £0.00 | +£0 | |
| Year 7 Profit | £0.00 | +£0 | |
| Yr 7 projected avg monthly profit | £0.00 | (0.0%) | +£0 |
| Dividends | £60.10 | +£0 | |
| Profit from sales | £226.60 | +£0 | |
| Average monthly cash profit | £3.91 | (2.5%) | -£0.01 |
|
(Sold stocks profit + Dividends - Fees / Months) |
JLP:Jubilee Metals dropped this week so I lost £27 value. My virtual stop loss is placed at 12.8p and it's only on 13.4p so could easily trigger next week given the seller. I will be strict in applying it to this account. With my new tactics I would never have picked JLP for this account.
The creeping rise was short lived
I may get a flat trend line on this one. Mind you, given 75% of the shares are suspended it may as well be completely flat.
Can't write any more. Way too miserable to be interested.
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