Nearly everything dropped this week, with a massive downturn on Thursday that
was only partially recovered on Friday. The deficit between cost and value
widened by £2,245 to £105,806 and total portfolio value dropped to £74,021. I
may as well give up any plans for early retirement.
Joint worst performer was APAX:Apax Global Alpha which fell 8%, but I
have very little invested so not the end of the world.
SBTX:SkinBioTherapeutics also fell 8% and is a more serious problem at
one of my larger holdings
AJB:AJ Bell had briefly been in profit but fell another 6% this week to
go 11% down altogether.
CAML:Central Asia Metals had been well in profit, but dropped 5% this
week and is now 4% down.
OPTI:Optibiotix only dropped 0.75p and 1% but that contributed £1,500
of the drop.
Nothing deserves Share of the Week as nothing went up anywhere near enough.
What a miserable couple of weeks
Back to moving in parallel to the trend line and below it. Well, the 5 weeks were fun while I was above the line.
Here's the ISA and shares portfolio after week 5 of year 8.
| Weekly Change | |||
| Cash | £10.15 |
-£1,811.18 | |
| Portfolio cost | £82,003.25 | +£1,811.18 | |
| Portfolio sell value (bid price-commission) | £30,919.04 | (-62.3%) | -£941.88 |
| Potential profits | £0 | +£0 | |
| Yr 8 Dividends | £0 | +£0 | |
| Yr 8 Profit from sales | -£995.63 | +£0 | |
| Yr 8 projected avg monthly profit | -£862.88 | (-23.4%) | +£215.72 |
| Total Dividends | £11,768.92 | +£0 | |
| Total Profit from sales | £27,098.43 | +£0 | |
| Average monthly cash profit |
£452.60 |
(12.3%) | -£1.23 |
|
(Sold stocks profit + Dividends - Fees / Months) |
|||
| Compound performance | 87% | +0% |
I know I said I wasn't going to buy any more OPTI:Optibiotix, but when I looked at the share price and considered the newsflow that's about to hit, I decided to put my proceeds from JLP:Jubilee Metals there, but I haven't consolidated them with my other holding. I've done it as a short term trade with the intention of selling fast and putting it back into JLP once the big seller is out of the way. Knowing my luck it won't work at all.
I bought 9,425 shares at 19.09p costing £1,811.18, so with spread they are on
18p and down 7% already.
Sell value lost £941 but my year 8 losses are rapidly improving as each week
improves the long term average. I need to make 50%+ on the OPTI trade to get back to
break even in year 8.
Pretty depressing
Even more depressing
The SIPP looks like this after week 353 overall and week 41 of year 7.
| Weekly Change | ||||
| Cash | £41.68 | -£99.86 | ||
| Portfolio cost | £95,824.14 | +£99.86 | ||
|
Portfolio sell value (bid price - commission) |
£42,255.18 | (-55.9%) | -£1,211.01 | |
| Potential profits | £36.64 | -£58.71 | ||
| 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 | £771.01 | (16.3%) | -£19.28 | |
| Total Dividends | £13,931.52 | +£0 | ||
| Total Interest | £0.21 | +£0 | ||
| Total Profit from sales | £20,433.75 | +£0 | ||
| Average monthly cash profit | £410.03 | (8.7%) | -£1.17 | |
|
(Sold stocks profit + Dividends - Fees / Months) |
||||
| Compound performance | 59% | +0% |
Not much change here, although in a fit of pique I spent my tax rebate buying a puny 471 shares in OPTI:Optibiotix at 19.09p for £99.86, but I did add these to my main holding. Portfolio value slumped because everything dropped and potential profits reduced by another £58 to a very poor £36.
Desperate
Dropping even steeper than the trend line
The trading account looks like this after week 319 overall and week 7 of year 7.
My virtual stop loss on JLP:Jubilee Metals was triggered so I sold at 13p for a loss of £71,72 (13.7%). I couldn't risk them continuing to drop for a long time as I'm determined to be more strict with this account and prevent any loss of more than 15%.
The trading account looks like this after week 319 overall and week 7 of year 7.
| Weekly Change | |||
| Cash | £0.09 | -£43.09 | |
| Portfolio cost | £1,849.21 | -£28.63 | |
| Portfolio sell value (bid price - commission) | £695.89 | (-62.4%) | -£21.63 |
| Potential profits | £0.00 | +£0 | |
| Year 7 Dividends | £0.00 | +£0 | |
| Year 7 Profit | -£71.73 | -£71.73 | |
| Yr 7 projected avg monthly profit | -£44.40 | (-28.8%) | -£44.40 |
| Dividends | £60.10 | +£0 | |
| Profit from sales | £154.87 | -£71.73 | |
| Average monthly cash profit | £2.92 | (1.9%) | -£0.99 |
|
(Sold stocks profit + Dividends - Fees / Months) |
My virtual stop loss on JLP:Jubilee Metals was triggered so I sold at 13p for a loss of £71,72 (13.7%). I couldn't risk them continuing to drop for a long time as I'm determined to be more strict with this account and prevent any loss of more than 15%.
You can probably guess that I used the remaining cash to buy 2,469 shares in
OPTI:Optibiotix at 19.09p costing £483.28. There had better be some bloody
good news soon!
The sale ruined my already rubbish performance which is now looking worse than
a building society, plus I've lost 62% of what I put in. Trading guru!!
Utter misery
Amazingly still above the trend line and it's almost flat!
totally depressing week, when even buying more OPTI:Optibiotix didn't make me feel particularly better.
Utter misery
Amazingly still above the trend line and it's almost flat!
totally depressing week, when even buying more OPTI:Optibiotix didn't make me feel particularly better.
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