JLP:Jubilee Metals collapsed 9% on lack of expected news on Roan getting up to full capacity for copper production. The assumption is that something has gone wrong else they would be shouting it from the rooftops. It was supposed to be completed in May so not looking good. I really need this to turn around so I can get my holiday money back, which I rather foolishly lent my ISA rather than doing a bed-and-ISA from my dealing account.
The only other big faller was PSN:Persimmon, which is toying with me, as every time it gets close to profitability, it drops again. This week it fell 5% and is now 7% down.
EDV:Endeavour Mining has been a bit rubbish lately, but went up 5% this week, as did IES:Invinity Energy after announcing a new contract, and PAGE:Pagegroup for no reason at all.
AJB:AJ Bell went up 6% and is now an impressive 29% in profit.
AFC:AFC Energy has bounced back by 10% after the big drop following the placing announcement. The even better news is that next week I should get my £500 worth at 15p which will immediately be in profit - unless everyone sells their shares and it drops.
PAF:Pan African Resources had a great week, climbing 11% to go 59% and 55% up in my two holdings.
Share of the week goes to GAW:Games Workshop, which after giving me a scare and dropping almost to a loss, issued amazing results and went up 14% to a record high for me and 15% in profit.
Here's the ISA and shares portfolio after week 47 of year 9.
| Weekly Change | |||
| Cash | £548.90 | +£45.09 | |
| Portfolio cost | £104,466.12 | +£0 | |
|
Portfolio sell value (bid price-commission) |
£43,639.93 | (-58.2%) | -£1,993.10 |
| Potential profits | £474.70 | -£1,174.45 | |
| 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 | £69.71 | (1.1%) | -£1.98 |
| Total Dividends | £12,207.93 | +£0 | |
| Total Interest | £6.07 | +£0 | |
| Total Profit from sales | £17,834.99 | +£0 | |
| Average monthly cash profit | £276.94 | (4.4%) | -£0.64 |
|
(Sold stocks profit + Dividends - Fees / Months) |
|||
| Compound performance | 39% | +0% |
I added £50 because I was running out of cash to pay fees, and after paying the fees the cash was only up by £45. Potential profits crashed by £1,174 because my only profitable holdings JLP:Jubilee Metals and OPTI:Optibiotix both fell, and portfolio value fell by even more as my non-profitable holdings in the same two dropped.
Utterly dreadful
Well below the trend line which is also pointing downwards
The SIPP looks like this after week 447 overall and week 31 of year 9.
| Weekly Change | ||||
| Cash | £450.12 | +£327.35 | ||
| Portfolio cost | £110,457.83 | +£0 | ||
| Portfolio sell value (bid price - commission) | £55,008.94 | (-50.2%) | +£227.81 | |
| Potential profits | £3,264.45 | +£861.99 | ||
| Yr 9 Dividends | £773.58 | +£92.23 | ||
| Yr 9 Interest | £2.81 | +£0 | ||
| Yr 9 Profit from sales | £4,684.03 | +£0 | ||
| Yr 9 proj avg monthly profit | £745.08 | (12.2%) | -£11.86 | |
| Total Dividends | £15,408.46 | +£92.23 | ||
| Total Interest | £8.74 | +£0 | ||
| Total Profit from sales | £15,519.93 | +£0 | ||
| Average monthly cash profit | £287.43 | (4.7%) | +£0.23 | |
| (Sold stocks profit + Dividends - Fees / Months) | ||||
| Compound performance | 41% | +1% |
This performance shows the benefits of using a different strategy in my SIPP to my ISA. Despite OPTI:Optibiotix dropping, the portfolio value went up by £227 and potential profits by an amazing £861. This was thanks to most of my profitable magic formula shares having a really good week.
£92 dividends were great, with £29 from CEY:Centamin, £38 from ARBB:Arbuthnot Banking and £23 from PAGE:Pagegroup. I also got £100 from Hargreaves Lansdown as a trading charge refund, which I wasn't expecting. There was also £137 tax rebate, so not a bad week for extras.
A teensy up-tick
Still below the downward-pointing trend line, and still over-dependent on OPTI:Optibiotix. I have split out my cheaper shares with a view to selling them if they ever get into profit. I may have to buy some more in the ISA to make up for it though.
The trading account looks like this after week 413 overall and week 49 of year 8.
The 9% drop in JLP:Jubilee Metals absolutely hammered this account. How I regret not selling for 8.5p, as I could have bought them back again at this price. I was holding out for too ,much, which is not what this account is about. Now I'm stuck waiting for a recovery as I'll not sell for this little profit.
It was looking so promising, but now not at all.
Almost touching the trend line, which at least is pointing up, but another week like this will be deeply upsetting.
Five weeks in a row of dropping portfolio value. It's really depressing. The only crumb of comfort is that the drop has been almost entirely down to JLP:Jubilee Metals and OPTI:Optibiotix. As long as I still have faith that these two will come good, then I should rejoice that my other shares had a great week, and at some point these big holdings will catch up. I just wish they would hurry up!
A teensy up-tick
Still below the downward-pointing trend line, and still over-dependent on OPTI:Optibiotix. I have split out my cheaper shares with a view to selling them if they ever get into profit. I may have to buy some more in the ISA to make up for it though.
The trading account looks like this after week 413 overall and week 49 of year 8.
| Weekly Change | |||
| Cash | £63.39 | +£0 | |
| Portfolio cost | £2,073.87 | +£0 | |
| Portfolio sell value (bid price - commission) | £1,411.23 | (-32.0%) | -£111.65 |
| Potential profits | £56.30 | -£59.72 | |
| Year 8 Dividends | £25.36 | +£0 | |
| Year 8 Interest | £0 | +£0 | |
| Year 8 Profit | £328.15 | +£0 | |
| Yr 8 proj avg monthly profit | £31.26 | (+18.1%) | -£0.65 |
| Dividends | £85.46 | +£0 | |
| Interest | £0.03 | +£0 | |
| Profit from sales | -£602.54 | +£0 | |
| Average monthly cash profit | -£5.43 | (-3.1%) | +£0.01 |
| (Sold stocks profit + Dividends - Fees / Months) |
The 9% drop in JLP:Jubilee Metals absolutely hammered this account. How I regret not selling for 8.5p, as I could have bought them back again at this price. I was holding out for too ,much, which is not what this account is about. Now I'm stuck waiting for a recovery as I'll not sell for this little profit.
It was looking so promising, but now not at all.
Almost touching the trend line, which at least is pointing up, but another week like this will be deeply upsetting.
Five weeks in a row of dropping portfolio value. It's really depressing. The only crumb of comfort is that the drop has been almost entirely down to JLP:Jubilee Metals and OPTI:Optibiotix. As long as I still have faith that these two will come good, then I should rejoice that my other shares had a great week, and at some point these big holdings will catch up. I just wish they would hurry up!
One bit of random news - POLY:Polymetal changed their ticker and name to CORE:Solidcore Resources. I'm hoping that now they are rid of their Russian assets, they will consider re-listing on the London exchange and they can start some sort of recovery. They were up 1% this week, which I guess is a start.
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