Not a great week, with more shares down than up, although I did cash in over £500 of profits. Drops in both OPTI:Optibiotix and JLP:Jubilee Metals were the main contributors to a widening in the deficit between cost and value of £1,557 to £109,108 and an increase in the deficit between injection amount and value to £42,685. Total portfolio value dropped to £107,942.
Worst performer was IPX:Impax Asset Management which dropped 16% after results. I didn't think the results were that bad, and certainly not bad enough to justify a 16% drop. It's all the more frustrating as they'd only just got back into profit.
PAGE:Pagegroup dropped 6% for no reason I could see, although did go ex-dividend. This is another share that was on the cusp of going into profit, but they are now 10% down.
ASHM:Ashmore Group have been improving a little lately, but fell 5% this week to go 30% down overall.
There was some good news for PBX:Probiotix Health, which has been dropping like a stone sine IPO but went up 0.5p this week. That's 14%, but a bit meaningless seeing as they have fallen so far.
APAX:Apax Global Alpha went up 5% and are only 16% down now.
AFC:AFC Energy have been on a great run, and went up another 9% this week to go 24% up overall. Wishing I had bought more now.
TRX:Tissue Regenix wins Share of the Week after climbing 11% for no apparent reason. They are still 51% down, but that's a lot better than they have been. Is there light at the end of the tunnel for one of my larger holdings?
Here's the ISA and shares portfolio after week 44 of year 9.
| Weekly Change | |||
| Cash | £7.56 | +£0 | |
| Portfolio cost | £104,466.12 | +£0 | |
| Portfolio sell value (bid price-commission) | £48,703.15 | (-53.4%) | -£644.62 |
| Potential profits | £2,391.78 | -£269.33 | |
| Yr 9 Dividends | £296.50 | +£0 | |
| Yr 9 Interest | £4.14 | +£0 | |
| Yr 9 Profit from sales | £536.46 | +£0 | |
| Yr 9 proj avg monthly profit | £75.31 | (1.2%) | -£1.76 |
| Total Dividends | £12,207.93 | +£0 | |
| Total Interest | £6.07 | +£0 | |
| Total Profit from sales | £17,834.99 | +£0 | |
| Average monthly cash profit | £278.83 | (4.5%) | -£0.60 |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Compound performance | 39% | +0% |
Not much happened other than value and potential profits went down.
Not looking forward to the next chart
The trend line has changed direction and is heading downwards. That's very depressing. A gradual decline for almost a year.
The SIPP looks like this after week 444 overall and week 28 of year 9.
| Weekly Change | ||||
| Cash | £471.94 | +£215.52 | ||
| Portfolio cost | £109,968.10 | +£436.29 | ||
| Portfolio sell value (bid price - commission) | £57,151.36 | (-48.0%) | -£870.72 | |
| Potential profits | £3,044.55 | -£734.04 | ||
| Yr 9 Dividends | £681.35 | +£29.05 | ||
| Yr 9 Interest | £2.81 | +£0 | ||
| Yr 9 Profit from sales | £4,746.24 | +£557.25 | ||
| Yr 9 proj avg monthly profit | £823.21 | (13.6%) | +£63.60 | |
| Total Dividends | £15,316.23 | +£29.05 | ||
| Total Interest | £8.74 | +£0 | ||
| Total Profit from sales | £15,582.14 | +£557.25 | ||
| Average monthly cash profit | £289.27 | (4.8%) | +£5.09 | |
| (Sold stocks profit + Dividends - Fees / Months) | ||||
| Compound performance | 41% | +1% |
I've been a bit busy here as various opportunities appeared and so I've been using CAML:Central Asia Metals as a piggy bank to take advantage of them.
First I sold 526 CAML at 218.025p making £190.62 (19.9%) profit and used the proceeds to buy 41 shares in AAL:Anglo American Mining at 2434.0012p costing £1,014.88. I got them because they had dropped following the withdrawal of BHP's acquisition offer. It looks like BHP is only after the copper, so I think there'a a possibility AAL will flog off their non-copper assets, hopefully return that to shareholders, then accept the buy-out offer. If that happens then I will have got a bargain. If it doesn't happen then I still get the advantage of rising copper prices and diversifying my metals producers a bit.
On the same day I decided to diversify my copper producers a bit more, and sold another 500 shares in CAML at 218.7452p making £183.62 (20.1%) profit, and invested the proceeds in 252 shares of ATYM:Atalaya Mining at 430.525p costing £1,096.87. I've been watching these for ages, and I figure now is the time to take a position.
On the same day I decided to take the plunge on another share that's had a turbulent time recently and may be subject to a bidding war very soon, which is lots of fun. I sold another 500 shares in CAML at 218.6228p making £183.01 (20.1%) profit and invested the proceeds in 283 shares of SMDS:Smith (DS) costing £1,065.08. They make cardboard boxes, and International Paper have tried to buy them out, but had to pull out as they are also subject to an attempted buy-out. I had also walked past their local factory the day before, which made me think of them.
My year 9 projected performance has leapt to 13.6%, so even if I don't sell anything else in the next 6 months, I'll still achieve a creditable 7.4% unless I take a loss. I also got a £29 dividend from UKW:Greencoat UK Wind this week, but portfolio value and potential profits took a tumble.
Relatively flat
Need to get above that trend line!
The trading account looks like this after week 410 overall and week 46 of year 8.
Rubbish week again, as all the promise in the account evaporates. I'm still not selling my profitable JLP:Jubilee Metals holding until it gets to 11.5p and I make enough to allow me to buy 2 lots of shares with the proceeds.
Looked great a few weeks ago, less so now.
Still reasonably well above the trend line, but getting a bit worried.
My SIPP is suddenly looking a lot more sensible, with the addition of some mega-cap companies. I know I wanted to buy those with the proceeds form JLP:Jubilee Metals, but I wanted to take advantage of the current prices, so I'll use the JLP money to buy back CAML:Central Asia Metals.
Relatively flat
Need to get above that trend line!
The trading account looks like this after week 410 overall and week 46 of year 8.
| Weekly Change | |||
| Cash | £63.39 | +£0 | |
| Portfolio cost | £2,073.87 | +£0 | |
| Portfolio sell value (bid price - commission) | £1,544.76 | (-25.5%) | -£41.91 |
| Potential profits | £133.09 | -£17.06 | |
| Year 8 Dividends | £25.36 | +£0 | |
| Year 8 Interest | £0 | +£0 | |
| Year 8 Profit | £328.15 | +£0 | |
| Yr 8 proj avg monthly profit | £33.30 | (+19.3%) | -£0.74 |
| Dividends | £85.46 | +£0 | |
| Interest | £0.03 | +£0 | |
| Profit from sales | -£602.54 | +£0 | |
| Average monthly cash profit | -£5.46 | (-3.2%) | +£0.02 |
| (Sold stocks profit + Dividends - Fees / Months) |
Rubbish week again, as all the promise in the account evaporates. I'm still not selling my profitable JLP:Jubilee Metals holding until it gets to 11.5p and I make enough to allow me to buy 2 lots of shares with the proceeds.
Looked great a few weeks ago, less so now.
Still reasonably well above the trend line, but getting a bit worried.
My SIPP is suddenly looking a lot more sensible, with the addition of some mega-cap companies. I know I wanted to buy those with the proceeds form JLP:Jubilee Metals, but I wanted to take advantage of the current prices, so I'll use the JLP money to buy back CAML:Central Asia Metals.
Meanwhile the OPTI:Optibiotix clan continue to do absolutely bugger all except drift downwards. A 50% loss over 9 years is pretty devastating. As each week passes I feel less optimistic about them ever doing anything, other than causing nearly all my savings to stagnate worthlessly.
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