PBX:Probiotix Health has been a predictable disaster. The bid price is now at the 5p I'm targeting to buy, but the offer is still 8p so I'm hanging fire for now. It means my holding has lost 75% of its value in a few weeks, and this week accounted for 15% of that and contributed most to the £3,998 drop, especially as OPTI:Optibiotix stayed flat so didn't skew the weekly figures.
IQAI:IQAI is a new one I bought as a speculative trade, but I should have
known that with my record of trading it would be a disaster, because it is
down 13%, most of which is massive spread. I bought it because I thought it
was about to do a big break-out, but it stopped just after my purchase. I
tried the same with BLU:Blue Star Capital and that almost went pear-shaped
too, but I saw the light and sold them for £27 (2.7%) profit. It could have
been a very costly mistake as I bought £1,000 worth which I need to
save for buying PBX:Probiotix. I really want to sell IQAI next week even if at a
loss, because I need to be ready to strike with all my £2,000 when PBX
drops to 5p.
III:3i Group is my monthly saving share, and I bought another 9 shares for
1638.55p this week costing £116.77, so naturally they immediately dropped to
1626 which contributed to the 6% drop this week.
PAGE:Page Group also dropped 6% and from profitable to loss
FXPO:Ferrexpo had a mini rally recently, but slipped 5% this week to go 71%
down.
SBTX:SkinBioTherapeutics have also been on a mini rally, but gave it all
back this week, dropping 5%
The only share that was up by any margin, and therefore Share of the Week,
is BLU:Blue Star Capital, which climbed 13% in anticipation of the launch of
Satoshipay's new Pendulum tokens. It might save BLU from all the other
rubbish they are invested in.
Here's the ISA and shares portfolio after week 28 of year 8.
| Weekly Change | |||
| Cash | £1,713.33 |
-£320.07 | |
| Portfolio cost | £92,596.63 | +£435.29 | |
| Portfolio sell value (bid price-commission) | £28,366.99 | (-69.4%) | -£1,997.23 |
| Potential profits | £1.48 | -£238.54 | |
| Yr 8 Dividends | £0 | +£0 | |
| Yr 8 Interest | £0.09 | +£0 | |
| Yr 8 Profit from sales | -£880.39 | +£115.24 | |
| Yr 8 projected avg monthly profit | -£139.72 | (-3.0%) | +£23.07 |
| Total Dividends | £11,768.92 | +£0 | |
| Total Interest | £0.09 | +£0 | |
| Total Profit from sales | £27,213.67 | +£115.24 | |
| Average monthly cash profit |
£427.07 |
(9.1%) | +£0.14 |
|
(Sold stocks profit + Dividends - Fees / Months) |
|||
| Compound performance | 68% | +0% |
Portfolio cost went up a bit because of the IQAI:IQAI purchase I mentioned earlier. Potential profits went down £238 to just £1 thanks to nearly all the profitable shares dropping, and having to sell CWR:Ceres Power when it passed my virtual stop loss. I sold my 238 shares for 458.43p making £87.45 (8.7%) profit. That's not to be sneered at given how badly everything else is doing, but I really wanted to hold these long term.
They are however a
big risk, so rather than save my cash to buy back into them, I bought 10
shares in GAW:Games Workshop, which is one of my top magic formula shares.
They cost 9194.75p making a total of £929.03, and are 2% down thanks to
commission.
I also made the £27 profit from day-trading BLU:Blue Star Capital, so
profits from sales went up by £115, or at least I reduced my Year 8 losses
by £115. That only improved my long term performance by 14p a month.
Dreadful
Dreadful
Back to familiar territory below the trend line and following it downwards. Must be getting on for 2 years of this now. There won't be anything left soon!
The SIPP looks like this after week 376 overall and week 12 of year 8.
| Weekly Change | ||||
| Cash | £175.30 | +£41.28 | ||
| Portfolio cost | £101,496.61 | +£116.77 | ||
| Portfolio sell value (bid price - commission) | £36,186.97 | (-64.3%) | -£1,971.48 | |
| Potential profits | £871.75 | -£244.14 | ||
| Yr 8 Dividends | £28.05 | +£28.05 | ||
| Yr 8 Interest | £0.33 | +£0 | ||
| Yr 8 Profit from sales | -£67.32 | +£0 | ||
| Yr 8 projected avg monthly profit | -£26.15 | (-0.5%) | +£9.39 | |
| Total Dividends | £14,170.83 | +£28.05 | ||
| Total Interest | £0.58 | +£0 | ||
| Total Profit from sales | £20,366.43 | +£0 | ||
| Average monthly cash profit | £386.17 | (7.5%) | -£0.83 | |
| (Sold stocks profit + Dividends - Fees / Months) | ||||
| Compound performance | 54% | +0% |
Cost went up from my monthly investment in III:3i Group mentioned in the intro, and I received a £28 dividend from NUM:Numis Corp. Potential profits were hammered by £244 as all my profitable shares dropped in value.
Almost identical story to the ISA, so even the magic formula shares can't drag this one above the trend line.
The trading account looks like this after week 342 overall and week 30 of year 7.
JLP:Jubilee Metals has failed to leap upwards after the warrants where exercised, so I was completely wrong on that one, as per usual. No prospect of selling anything in this disaster area for a while now.
My attempt to re-vitalise the account has failed utterly
| Weekly Change | |||
| Cash | £20.24 | +£0 | |
| Portfolio cost | £2,783.77 | +£0 | |
| Portfolio sell value (bid price - commission) | £1,432.67 | (-48.5%) | -£29.67 |
| Potential profits | £0 | +£0 | |
| Year 7 Dividends | £0.00 | +£0 | |
| Year 7 Interests | £0.01 | +£0 | |
| Year 7 Profit | -£137.01 | +£0 | |
| Yr 7 projected avg monthly profit | -£19.79 | (-8.5%) | +£0.68 |
| Dividends | £60.10 | +£0 | |
| Interest | £0.01 | +£0 | |
| Profit from sales | £89.59 | +£0 | |
| Average monthly cash profit | £1.90 | (0.8%) | +£0 |
| (Sold stocks profit + Dividends - Fees / Months) |
I'm amazed the trend line is still pointing upwards, but I'm doing my very best to drag it down again.
I'm not surprised my portfolio has crashed to it's worst ever deficit this week, as the decimation of PBX:Probiotix was predictable, and I'm just relieved I managed to sell the shares I bought on the market for 20p rather than the current 5p I would have got. I just hope I can capitalise on the situation by buying a large amount for virtually nothing before the next trading update which should show them making a profit and cause an instant re-rate. I can only trade them on AJ Bell, because for some reason Hargreaves Lansdown don't allow them to be traded online. Surprising, given that they often use the same market when buying my OPTI:Optibiotix shares. I'm hoping to be buying my PBX shares next week, as most people are seeing them in their accounts and able to sell them, so the price should drop into my price range next week.
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