All the mining shares did pretty badly, but ATYM:Atalaya Mining dropped 14%, which is pretty devastating after buying them so recently. I'm hoping this is a blip and they will bounce back when copper heads north again, but the drop seems way over-done.
CWR:Ceres Power is up and down like a mad thing and dropped 11% this week to go 16% down altogether.
FXPO:Ferrexpo has been rising nicely lately, but dropped 9% this week to go 89% down.
AAL:Anglo American Mining is another of my recent purchases and dropped 7% this week to go 10% down.
RIO:Rio Tinto looked like it was about to go into profit a few weeks ago, but dropped 7% this week and is 18% down.
CAPD:Capital had what I thought were pretty good results, but dropped 6% and is 16% down in my original holding. I bought some more this week and they are 6% down already.
ASHM:Ashmore Group dropped 5% and are now 39% down.
SAE:Simec Atlantis Energy went up 17% which would have made it Share of the Week, but it's still a bit close to junk status to deserve that title. It is however only down by 64% now, which is pretty good considering I thought they were going bust when Uskmouth fell through.
IES:Invinity Energy went up 5% and I have to report on this now, as one holding is only down by 3%.
SMDS:Smith (DS) had another good week, climbing 6% to go 18% into profit.
AJB:AJ Bell are fantastic and went up another 7% to go 39% up overall.
Share of the Week is my most recent purchase ALU:Alumasc Group, which had brilliant results shortly after I bought them early in the week, and went up 9%, so in the first week of holding my shares are 7% up.
Here's the ISA and shares portfolio after week 51 of year 9.
| Weekly Change | |||
| Cash | £79.33 | +£0 | |
| Portfolio cost | £104,946.57 | +£0 | |
|
Portfolio sell value (bid price-commission) |
£52,516.64 | (-50.0%) | -£890.34 |
| Potential profits | £1,479.07 | -£69.60 | |
| Yr 9 Dividends | £296.50 | +£0 | |
| Yr 9 Interest | £4.87 | +£0 | |
| Yr 9 Profit from sales | £536.46 | +£0 | |
| Yr 9 proj avg monthly profit | £63.58 | (1.0%) | -£1.68 |
| Total Dividends | £12,207.93 | +£0 | |
| Total Interest | £6.80 | +£0 | |
| Total Profit from sales | £17,834.99 | +£0 | |
| Average monthly cash profit | £274.49 | (4.3%) | -£0.64 |
|
(Sold stocks profit + Dividends - Fees / Months) |
|||
| Compound performance | 39% | +0% |
A drop of £890 is better than I expected after last week's massive gains. The reduction in potential profits was down to a small drop in JLP:Jubilee Metals. OPTI:Optibiotix was flat after a late Friday recovery from what looked like a down week.
A not unexpected flattening off.
Really need another £10k before the trend line can start to flatten
The SIPP looks like this after week 451 overall and week 35 of year 9.
| Weekly Change | ||||
| Cash | £107.04 | -£422.55 | ||
| Portfolio cost | £113,405.55 | +£2,711.86 | ||
| Portfolio sell value (bid price - commission) | £66,274.82 | (-41.6%) | -£504.45 | |
| Potential profits | £3,537.13 | +£25.33 | ||
| Yr 9 Dividends | £903.22 | +£47.64 | ||
| Yr 9 Interest | £4.04 | +£0 | ||
| Yr 9 Profit from sales | £4,684.03 | +£0 | ||
| Yr 9 proj avg monthly profit | £673.78 | (10.7%) | -£14.04 | |
| Total Dividends | £15,538.10 | +£47.64 | ||
| Total Interest | £9.97 | +£0 | ||
| Total Profit from sales | £15,519.93 | +£0 | ||
| Average monthly cash profit | £285.96 | (4.5%) | +£0.20 | |
| (Sold stocks profit + Dividends - Fees / Months) | ||||
| Compound performance | 39% | -2% |
Lots happened. My £2,000 transfer came through, but I also added some cash to go with dividends and tax rebates to buy some shares.
The first transfer purchase was CAPD:Capital which I really like despite them being a little too far down in my magic formula rankings, and I want to sell the ones in my AJ Bell dealing account and still have some for longer term. I bought 1,123 shares at 96.818p costing £1,099.22. As I said before, they dropped 6% which was distressing.
The other share I mentioned last week - ALU:Alumasc. Before buying I thought I'd add them to my magic formula spreadsheet and see how they performed, as they weren't established enough to qualify when I first set it up. I was very pleasantly surprised to see them ranked 34th, which given I'm targeting top 30 is near enough for me. I bought 562 shares at 195.45p costing £1.110.38. As I mentioned above, they climbed 9% and are 7% up when you take away spread and commission.
I'd had some dividends and tax rebates, so added some chase to bring it up to £500 and bought 126 shares in IPX:Impax Asset Management because they are top of my magic formula rankings and their price keeps dropping. They were 394.6496p per share and ended the week at 404.5p, so the timing was good and my weighted average is reduced to 460.86p. Their total cost was £502.26.
I had a £38 dividend from NG.:National Grid and £9 from IPX:Impax Asset Management, and potential profits went up £25 thanks to the SIPP being more diverse. As with the ISA, a drop of £504 was less than I was expecting, so quite relieved.
I wish the value was going up at the same rate as the cost!
Above the trend line but not by enough.
The trading account looks like this after week 417 overall and week 1 of year 9.
The drop in JLP:Jubilee Metals reduced both value and potential profit, and I really wish I'd sold them when I had a chance to make a decent profit.
Grim
Super grim.
I wish the value was going up at the same rate as the cost!
Above the trend line but not by enough.
The trading account looks like this after week 417 overall and week 1 of year 9.
| Weekly Change | |||
| Cash | £63.39 | +£0 | |
| Portfolio cost | £2,073.87 | +£0 | |
| Portfolio sell value (bid price - commission) | £1,347.36 | (-35.0%) | -£43.84 |
| Potential profits | £30.70 | -£25.60 | |
| Year 9 Dividends | £0 | +£0 | |
| Year 9 Interest | £0 | +£0 | |
| Year 9 Profit | £0 | +£0 | |
| Yr 8 proj avg monthly profit | £0 | (+0%) | +£0 |
| Dividends | £85.46 | +£0 | |
| Interest | £0.03 | +£0 | |
| Profit from sales | -£602.54 | +£0 | |
| Average monthly cash profit | -£5.37 | (-3.1%) | +£0.02 |
| (Sold stocks profit + Dividends - Fees / Months) |
The drop in JLP:Jubilee Metals reduced both value and potential profit, and I really wish I'd sold them when I had a chance to make a decent profit.
Grim
Super grim.
I do tend to be late writing these when it's a down week, as there's little motivation to type. Looking forward to catching up on the following week though, as that was mega!
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