Week 446 Review - Biggest holdings all fall significantly.

What a dreadful week! Big falls for all my major holdings and a widening of the deficit between cost and value of £4,847 to £108,762, with the deficit between cash injection and value widening to £45,039 and overall value dropping back below £100k to £97,488. The losses are just relentless and have been for over 2 years.

KIBO:Kibo Energy was the biggest percentage drop at 14%, but it cost me pennies as it's worthless.

POLY:Polymetal announced a deal to sell their Russian assets, which I thought was good news as it frees them up to re-list in UK. The market disagreed and there was a 9% drop in share price to go 81% down. I doubt I'll ever break even on this one unless I buy more once they re-list.

FXPO:Ferrexpo announced the withdrawal of their dividend just a few days before it was due to be paid, and were punished with an 8% drop in share price.

IPX:Impax Asset Management were going really well, but dropped 8% this week for no obvious reason and are now 6% down.

SBTX:SkinBioTherapeutics fell yet another 8% after their recent crappy financing deal. I'm so glad I bought £5k worth just before everything went pear-shaped.

JLP:Jubilee Metals was the other company I spent £5k on recently and it dropped 7% this week and was a significant contributor to my losses.

OPTI:Optibiotix still steadfastly refuse to give us any news on anything meaningful and so continue to drift downwards, falling another 7% this week and being the main reason for my losses.

RIO:Rio Tinto looked like they might get back into profit, but fell 6% this week and are now 13% down.

CAML:Cental Asia Metals is another of my biggest holdings and fell 5% for no reason this week. I should get a £2k pension transfer in about 10 days and I intend to put all of it here at these ridiculous prices.

It wasn't all doom and gloom. PAF:Pan African Resources went up 5% and both my holdings went back into potential profit. I have always liked this company and if JLP:Jubilee Metals ever turns around I'll sell my SIPP holding in that and some will be spent on more PAF.

UKW:Greencoat UK Wind has been sliding for a while, but went up 5% this week and is now 17% down.

BARC:Barclays had a fantastic week, climbing 11% and they are only down by 2% now. Will I get to sell them from my trading account soon?

Share of the week is TRX:Tissue Regenix which climbed a spectacular 13%, and is actually one of my bigger holdings. Significantly, the are now only 49% down so I get to change their colour and hope for a slow and steady re-rate.

Here's the ISA and shares portfolio after week 30 of year 9.

			Weekly Change
Cash	£73.03		+£9.77
Portfolio cost	£99,231.92		+£0
Portfolio sell value (bid price-commission)	£43,562.29	(-56.1%)	-£2,735.43
Potential profits	£1,243.93		-£297.29
Yr 9 Dividends	£215.92		+£13.20
Yr 9 Interest	£3.71		+£0
Yr 9 Profit from sales	£11.13		+£0
Yr 9 proj avg monthly profit	£26.18	(0.4%)	+£0.55
Total Dividends	£12,127.35		+£13.20
Total Interest	£5.64		+£0
Total Profit from sales	£17,309.66		+£0
Average monthly cash profit	£281.91	(4.8%)	-£0.54
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	41%		+0%

I got a £13 dividend from GAW:Games Workshop which I qualified for before I sold them, but also had AJ Bell monthly fees to pay so cash only went up by £9. One of my OPTI:Optibiotix holdings is the only thing in potential profit, and that dropped by £297.

Plummeting downwards. Past the low from around 6 months ago and in danger of returning to the desperate times before the OPTI:Optibiotix rally.

There's no danger of the trend line changing direction any time soon, but we're so very far below it.

The SIPP looks like this after week 430 overall and week 14 of year 9.

			Weekly Change
Cash	£56.18		-£96.13
Portfolio cost	£104,813.70		+£299.97
Portfolio sell value (bid price - commission)	£52,570.16	(-49.8%)	-£2,117.74
Potential profits	£861.72		-£74.86
Yr 9 Dividends	£118.33		+£13.20
Yr 9 Interest	£1.24		+£0
Yr 9 Profit from sales	£3,373.97		+£0
Yr 9 proj avg monthly profit	£1,064.26	(18.4%)	-£78.09
Total Dividends	£14,753.21		+£13.20
Total Interest	£7.17		+£0
Total Profit from sales	£14,209.87		+£0
Average monthly cash profit	£279.73	(4.8%)	-£0.54
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+0%

I also got a £13 dividend from GAW:Games Workshop in this account, and a decent tax rebate, so I bought 5,588 shares in JLP:Jubilee Metals at 5.19p costing £299.97. I know I'm only supposed to buy dividend paying shares in my SIPP, but I wanted to bring the average down on my holding so I could sell them sooner, and take advantage of this stupidly cheap price.

Portfolio value plummeted and will turn crimson when it no doubt falls again next week past 50% down. Potential profits weren't down by too much and most of it was JLP:Jubilee Metals falling to a loss.

Not as steep a drop as the ISA

The trend line is a little steeper upwards in this account, but we're still well below it.

The trading account looks like this after week 396 overall and week 32 of year 8.

			Weekly Change
Cash	£0.07		+£0
Portfolio cost	£2,076.23		+£0
Portfolio sell value (bid price - commission)	£1,227.14	(-40.9%)	+£6.17
Potential profits	£0		+£0
Year 8 Dividends	£8.56		+£0
Year 8 Interest	£0		+£0
Year 8 Profit	£283.99		+£0
Yr 8 proj avg monthly profit	£39.62	(+22.9%)	-£1.27
Dividends	£68.66		+£0
Interest	£0.03		+£0
Profit from sales	-£646.70		+£0
Average monthly cash profit	-£6.33	(-3.7%)	+£0.01
(Sold stocks profit + Dividends - Fees / Months)

The big rise in BARC:Barclays was enough to offset the big drops in JLP:Jubilee Metals and SBTX:SkinBioTherapeutics, so we have a £6 increase in value bucking the trends in the other accounts.

Sneaking back up.

Still below the trend line but only just.

Not wanting to sound like a broken record, the lack of news from all my major holdings is causing a relentless slide, and if my patience was wearing thin last week, well it's now as thin as graphene but probably not as strong. There's a share I was lucky to get out of with a profit! VRS:Versarian the graphene producer made me £3,950 profit when I sold at 94p and 131p and the current share price is 0.12p to sell. That's cheered me up quite a lot. It's not always been a disaster, so although things look bleak now, I still believe in all my key holdings so will stand firm.

Week 445 Review - Yet another loss as Optibiotix continues to slide

A mixed week, with some big losses and some reasonable gains. Unfortunately one of the biggest losses was OPTI:Optibiotix dropping 2p. That would normally cost me over £4,000, but thanks to rallies elsewhere the deficit between cost and value only widened by £3,014 to £103,915 and the deficit to injection amount increased to £40,405. Total portfolio value is now less than half the cost, at £102,122.

The biggest percentage loser was BLU:Blue Star Capital which fell 11% but that hardly cost me anything.

AFC:AFC Energy is rivaling CWR:Ceres Power as my worst timed purchase, falling 10% to go 19% down in just a few weeks.

OPTI:Optibiotix fell 2p which is 8% and will keep falling until there is some tangible news.

FXPO:Ferrexpo has been on a bit of a rally recently, but it's all over now as the price dropped 7%.

SBTX:SkinBioTherapeutics has also been a disaster given I invested heavily a few months ago. It fell another 5% this week and like OPTI will continue to slide in the absence of good news.

UKW:Greencoat UK Wind almost went into profit a few months ago, but has plummeted ever since and fell 5% to go 21% down this week.

CAPD:Capital unexpectedly climbed 6% this week but is still 21% down.

CAML:Cental Asia Metals went up by 8% so clearly it knows I want the price to stay lower while my pension transfer comes through, but I will still buy at these levels and quite a bit higher.

JLP:Jubilee Metals has been utterly dreadful recently, but a late rally on Friday saw them go up 8% and claw back some of my significant losses.

Share of the Week is IPX:Impax Asset Management which climbed 9% after dropping 9% last week, but it went ex-dividend last week so has gained that back very quickly and gone 2% into profit.

Here's the ISA and shares portfolio after week 29 of year 9.

			Weekly Change
Cash	£63.26		+£0.42
Portfolio cost	£99,231.92		+£0
Portfolio sell value (bid price-commission)	£46,297.72	(-53.3%)	-£1,804.52
Potential profits	£1,541.22		-£396.38
Yr 9 Dividends	£202.72		+£0
Yr 9 Interest	£3.71		+£0.42
Yr 9 Profit from sales	£11.13		+£0
Yr 9 proj avg monthly profit	£25.63	(0.4%)	-£0.85
Total Dividends	£12,114.15		+£0
Total Interest	£5.64		+£0.42
Total Profit from sales	£17,309.66		+£0
Average monthly cash profit	£282.45	(4.8%)	-£0.63
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	41%		+0%

I got 42p interest. OPTI:Optibiotix is my only profitable share and that dropped, so £396 fell from profits which was the same amount I lost last week. Nothing else changed other than losing £1,804 in value.

Not at all good

At least the trend line is safe for a few more months, but I'm dragging it flatter every week.

The SIPP looks like this after week 429 overall and week 13 of year 9.

			Weekly Change
Cash	£152.31		-£247.19
Portfolio cost	£104,513.73		+£247.33
Portfolio sell value (bid price - commission)	£54,387.93	(-48.0%)	-£1,245.84
Potential profits	£936.58		+£158.48
Yr 9 Dividends	£105.13		+£0
Yr 9 Interest	£1.24		+£0.14
Yr 9 Profit from sales	£3,373.97		+£0
Yr 9 proj avg monthly profit	£1,142.35	(19.8%)	-£95.14
Total Dividends	£14,740.01		+£0
Total Interest	£7.17		+£0.14
Total Profit from sales	£14,209.87		+£0
Average monthly cash profit	£280.27	(4.9%)	-£0.65
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+0%

I did my last monthly investment into AJB:AJ Bell buying 77 shares at 317.6808p costing £247.33. That takes my holding to 330 shares at an average price of 298.5048p costing £996.00. They are 2% up so feeling positive. I need to decide what to invest in for the next 4 months!

Potential profits rose thanks to small increases in 5 of my profitable shares, and IPX:Impax Asset Management and one of my JLP:Jubilee Metals holdings going into profit.

Same as the ISA

Not quite as bad as the ISA. I guess as I switch into dividend paying shares the two accounts will start to drift apart, as they have always mirrored one another as I bought similar shares in each.

The trading account looks like this after week 395 overall and week 31 of year 8.

			Weekly Change
Cash	£0.07		+£0
Portfolio cost	£2,076.23		+£0
Portfolio sell value (bid price - commission)	£1,220.97	(-41.2%)	+£35.44
Potential profits	£0		+£0
Year 8 Dividends	£8.56		+£0
Year 8 Interest	£0		+£0
Year 8 Profit	£283.99		+£0
Yr 8 proj avg monthly profit	£40.89	(+23.6%)	-£1.37
Dividends	£68.66		+£0
Interest	£0.03		+£0
Profit from sales	-£646.70		+£0
Average monthly cash profit	-£6.34	(-3.7%)	+£0.02
(Sold stocks profit + Dividends - Fees / Months)

BARC:Barclays and JLP:Jubilee Metals both went up but SBTX:SkinBioTherapeutics went down. It's nice to have a positive week but it didn't make up for last week's losses.

Hope it's not just a blip

The trend line is now pointing firmly downwards and we're still below it.

Here's where I try and write something optimistic for what might happen next week, but given we've been waiting since August for "the board to get back off their holidays" and still have no OPTI:Optibiotix contract, I won't bother.

Week 444 Review - Abject misery as nearly everything drops

Another really bad week, with all my major holdings falling in value and most of my so-called safe shares too, while at the same time the US stock market reached new record highs. Does anyone buy UK stocks any more?

The deficit between cost and value widened by £5,750 to £100,900 and the deficit to injection amount went up to £37,391. Total portfolio value dropped to £105,136 and is looking like it may go back below £100k.

The biggest loser was CWR:Ceres Power which must be a traders dream. They dropped 16% to go 41% down after a recent rally which has completely broken down.

IPX:Impax Asset Management dropped 9%, part of which was going ex-dividend, but the dividend definitely isn't 9%.

AFC:AFC Energy was a recent speculative purchase and it appears a bad one, as it dropped 7% this week to go 10% down.

OPTI:Optibiotix had another week with no news of interest to anyone and dropped 7% accounting for over £4,000 of this week's losses.

BARC:Barclays looked like they may finally go into profit but fell 6% this week and are now back to 15% down.

CAML:Cental Asia Metals just keeps dropping despite them having tons of cash, no debt and a huge dividend. When my pension transfer lands in a few weeks I'll be spending all of it on this. They fell 6% this week.

CAPD:Capital dropped 6% and is now 26% down.

BLU:Blue Star Capital dropped 5% which is meaningless because it's worthless anyway.

EDV:Endeavour Mining continued the drastic decline by another 5% to go 36% down, which shouldn't happen to a FTSE 100 company.

PAF:Pan African Resources dropped 5% from profit to loss.

There was precious little good news, but POLY:Polymetal climbed 5% after a massive drop last week, but are still 79% down.

Share of the week was ASHM:Ashmore Group which climbed an impressive 10% after a good trading update. They are still 17% down, but in a much better position to continue back into profit.

Here's the ISA and shares portfolio after week 28 of year 9.

			Weekly Change
Cash	£62.84		-£3.75
Portfolio cost	£99,231.92		+£0
Portfolio sell value (bid price-commission)	£48,102.24	(-51.5%)	-£2,803.52
Potential profits	£1,937.60		-£396.38
Yr 9 Dividends	£202.72		+£0
Yr 9 Interest	£3.29		+£0
Yr 9 Profit from sales	£11.13		+£0
Yr 9 proj avg monthly profit	£26.48	(0.4%)	-£1.58
Total Dividends	£12,114.15		+£0
Total Interest	£5.22		+£0
Total Profit from sales	£17,309.66		+£0
Average monthly cash profit	£283.08	(4.8%)	-£0.67
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	41%		+0%

Cash dropped from ISA fee, huge drop in value and all potential profits drop thanks to OPTI:Optibiotix. The value fell below 50% of cost so has changed to crimson, which is a very sad moment.

Horrible

Desperate

The SIPP looks like this after week 428 overall and week 12 of year 9.

			Weekly Change
Cash	£399.50		+£251.68
Portfolio cost	£104,266.40		+£0
Portfolio sell value (bid price - commission)	£55,386.44	(-46.9%)	-£2,905.44
Potential profits	£778.10		-£29.99
Yr 9 Dividends	£105.13		+£18.34
Yr 9 Interest	£1.10		+£0
Yr 9 Profit from sales	£3,373.97		+£0
Yr 9 proj avg monthly profit	£1,237.49	(21.4%)	-£111.84
Total Dividends	£14,740.01		+£18.34
Total Interest	£7.03		+£0
Total Profit from sales	£14,209.87		+£0
Average monthly cash profit	£280.92	(4.9%)	-£0.64
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+0%

My monthly investment cash got added, plus an £18 dividend from AJB:AJ Bell and minus SIPP charges. Huge drop in value but much smaller drop in potential profit, mainly caused by PAF:Pan African Resources going into loss.

Similar to ISA

Similarly desperate to ISA

The trading account looks like this after week 394 overall and week 30 of year 8.

			Weekly Change
Cash	£0.07		+£0
Portfolio cost	£2,076.23		+£0
Portfolio sell value (bid price - commission)	£1,185.53	(-42.9%)	-£41.40
Potential profits	£0		+£0
Year 8 Dividends	£8.56		+£0
Year 8 Interest	£0		+£0
Year 8 Profit	£283.99		+£0
Yr 8 proj avg monthly profit	£42.26	(+24.4%)	-£1.45
Dividends	£68.66		+£0
Interest	£0.03		+£0
Profit from sales	-£646.70		+£0
Average monthly cash profit	-£6.36	(-3.7%)	+£0.01
(Sold stocks profit + Dividends - Fees / Months)

Everything fell in value except SBTX:SkinBioTherapeutics which stayed the same. Value fell by £41 and all looking pretty shocking.

I'm sure a few weeks ago I said it looks a bit flat. Not so much now!

The trend line is almost flat. Next week it will be pointing down.

All my major holdings are in an utter mess. There's absolutely no support for the share prices and no forward looking investment for the future. I still believe in them but the market doesn't. The alternative is that the market makers are controlling the share prices for their own ends. I don't know how to predict or counter that kind of manipulation, so all I can do is maintain a long term view and be patient. It just feels like an awfully long wait.

Week 443 Review - Nearly everything dropped in value this week.

Half of last week's gains were wiped out this week as nearly everything dropped in value and the deficit between cost and value widened by £2,423 to £95,149, the deficit between injection amount and value rose to £31,639 and total portfolio value dropped to £110,639.

The biggest loser was POLY:Polymetal which dropped 19% after a trading update. It didn't look too bad to me, but clearly the market doesn't agree.

IES:Invinity Energy dropped 16% and seems to be heading downwards consistently.

CWR:Ceres Power is my most volatile share, and this week dropped 11% after a rally in the last 2 weeks.

RDT:Rosslyn Data and SAE:Simec Atlantis Energy dropped 11% and 9% but neither are worth anything so it's barely noticeable

EDV:Endeavour Mining has had a miserable few weeks and dropped another 5% to go 32% down.

UKW:Greencoat UK Wind looked like it might break into profit but dropped 5% and is now 14% down.

JLP:Jubilee Metals is sliding relentlessly and dropped another 5% to give some pretty massive losses across the portfolio.

There is precious little good news.

BLU:Blue Star Capital climbed 6% but is worth nothing.

Share of the Week is TRX:Tissue Regenix which climbed 13% after some good results and may actually turn itself around. I'm still down 55% but that's a lot better than before, and I spent £3.5k on my holding, so it is one of my larger commitments.

Here's the ISA and shares portfolio after week 27 of year 9.

			Weekly Change
Cash	£66.59		-£76.30
Portfolio cost	£99,231.92		+£55.99
Portfolio sell value (bid price-commission)	£50,905.76	(-48.7%)	-£1,339.13
Potential profits	£2,333.98		-£124.72
Yr 9 Dividends	£202.72		+£0
Yr 9 Interest	£3.29		+£0
Yr 9 Profit from sales	£11.13		-£20.31
Yr 9 proj avg monthly profit	£28.06	(0.5%)	-£4.46
Total Dividends	£12,114.15		+£0
Total Interest	£5.22		+£0
Total Profit from sales	£17,309.66		-£20.31
Average monthly cash profit	£283.75	(4.8%)	-£0.85
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	41%		+0%

I sold some of my magic formula shares so I could put in place my transition to the ISA being for more speculative high risk investments.

I sold my 11 GAW:Games Workshop shares at 9931.6655p making £25.81 (2.9%) profit, or 4% if you include the dividend. I sold my 54 PLUS:Plus 500 shares at 1799.8673p making a £46.11 (4.6%) loss, although only a 1% loss if you include the dividend.

I invested around half of the proceeds in SBTX:SkinBioTherapeutics as I believe the share price has been punished too severely for the acquisition news, and it doesn't change the possibility of strong revenues coming from the Croda deal. I bought 9190 shares at 11.174p costing £1,038.84. The share price has gone up slightly since then but they are 4% down thanks to spread and commission.

I've been watching AFC:AFC Energy for a while. I'm a strong believer in the possibilities of hydrogen, and so I will be targeting ISA purchases in the hydrogen area in the near future. I bought 5,613 shares at 19.0632p costing £1,079.97. They have dropped fractionally since, so I'm down 3% but most of that is spread and commission.

Meanwhile the whole portfolio took a beating and my cheapest OPTI:Optibiotix shares are the only ones in profit, and they dropped 0.5p so potential profits down by £124 and the slight loss on my share sales has results in a drop in performance for year 9.

Still generally looking flat despite the drop this week.

Not far below the trend line, and it probably won't flatten much as we'll be above 12 month ago for almost 6 months if we maintain this level.

The SIPP looks like this after week 427 overall and week 11 of year 9.

			Weekly Change
Cash	£147.82		+£0
Portfolio cost	£104,266.40		+£0
Portfolio sell value (bid price - commission)	£58,291.88	(-44.1%)	-£1,061.96
Potential profits	£808.09		-£182.93
Yr 9 Dividends	£86.79		+£0
Yr 9 Interest	£1.10		+£0
Yr 9 Profit from sales	£3,373.97		+£0
Yr 9 proj avg monthly profit	£1,349.33	(23.4%)	-£134.94
Total Dividends	£14,721.67		+£0
Total Interest	£7.03		+£0
Total Profit from sales	£14,209.87		+£0
Average monthly cash profit	£281.56	(4.9%)	-£0.66
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+0%

Not much happened. I lost about a third of last week's gains, and potential profit dropped by £182 mainly due to JLP:Jubilee Metals going to loss, but all my profitable shares dropped in value. Fortunately this was mitigated by a 4% rise in PAF:Pan Africa Resources which led to it going £44 into potential profit.

Pretty similar to the ISA

Same story as ISA.

The trading account looks like this after week 393 overall and week 29 of year 8.

			Weekly Change
Cash	£0.07		-£141.12
Portfolio cost	£2,076.23		+£141.12
Portfolio sell value (bid price - commission)	£1,226.93	(-40.9%)	-£22.44
Potential profits	£0		+£0
Year 8 Dividends	£8.56		+£0
Year 8 Interest	£0		+£0
Year 8 Profit	£283.99		+£0
Yr 8 proj avg monthly profit	£43.71	(+25.3%)	-£1.56
Dividends	£68.66		+£0
Interest	£0.03		+£0
Profit from sales	-£646.70		+£0
Average monthly cash profit	-£6.37	(-3.7%)	+£0.02
(Sold stocks profit + Dividends - Fees / Months)

I took advantage of my SBTX:SkinBioTherapeutics purchase in the ISA to use my Trading cash to top up SBTX by including them in the purchase so I only had the one lot of commission and so won't reflect it in the cost for this account. I bought 1,263 shares at 11.174p costing £141.12 and so my total holding is 2,003 at an average price of 14.065p costing £281.73 which is a lot closer to my general £500 target. Lets hope I don't have to hold them in here for too long!

Meanwhile a 1% increase in BARC:Barclays wasn't enough to offset the drops in everything else.

Grim, as the green line includes cash, so the cost line has gone up but the green line hasn't.

I think the trend line is going to switch downwards pretty soon. Maybe the week after next.

One good week and 4 bad weeks so far in 2024. Not a very good start, and still no light at the end of any of my tunnels. My portfolio is still worth £31k less than I originally invested, despite having a long term average of £558 profit per month from sales and dividends. It's my current holding that's the problem, with virtually everything showing a heavy loss. My really big holdings are OPTI:Optibiotix, JLP:Jubileee Metals, PBX:Probiotix, SBTX:SkinBioTherapeutics and CAML:Central Asia Metals. They are all doing absolutely rubbish with their share price, despite me being more than happy with the progress the companies are making. All I can do is hang on in there and hope the market recognises the true value of these companies.