Week 472 Review - Exactly the same as last week as biggest holdings fall.

It was a reasonable week in my SIPP but a bad one in my ISA, with OPTI:Optibiotix, SBTX:SkinBioTherapeutics and JLP:Jubilee Metals all dropping. The deficit between cost and value widened by £3,629 to £101,916 and portfolio value dropped to £120,623. The gap between injection amount and value widened to £34,554.

Joint worst performers were OPTI:Optibiotix and SBTX:SkinBioTherapeutics, which both fell 6% for the 2nd week in a row. Every time there's a ray of hope it gets dashed almost immediately. This has been going on for years and I'm fed up!

They were the only major fallers, but there were few major gainers. APAX:Apax Global Alpha and IES:Invinity Energy both went up 5%, with IES getting back into reporting territory as they are only 88% down now.

Share of the Week was PAGE:Pagegroup which has had a torrid time of late, but which rose 6% this week and is now only 20% down. They just about qualify as keepers in my SIPP, and I'm sure they will do well once recruitment starts picking up again.

Here's the ISA and shares portfolio after week 4 of year 10.

			Weekly Change
Cash	£86.15		+£0
Portfolio cost	£106,138.27		+£0
Portfolio sell value (bid price-commission)	£52,016.56	(-51.0%)	-£2,431.80
Potential profits	£1,389.96		-£473.09
Yr 10 Dividends	£0		+£0
Yr 10 Interest	£0.11		+£0
Yr 10 Profit from sales	£149.75		+£0
Yr 10 proj avg monthly profit	£158.28	(2.5%)	-£52.76
Total Dividends	£12,222.49		+£0
Total Interest	£6.91		+£0
Total Profit from sales	£18,027.59		+£0
Average monthly cash profit	£273.45	(4.3%)	+£0.58
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	39%		+0%

Big drop in value from my largest holdings, and another £473 potential profit wiped off one of my OPTI:Optibiotix holdings.

Rubbish

Amazingly still above the trend line, but falling more steeply than it is.

The SIPP looks like this after week 456 overall and week 40 of year 9.

			Weekly Change
Cash	£330.09		+£0
Portfolio cost	£113,848.03		+£0
Portfolio sell value (bid price - commission)	£66,857.08	(-41.3%)	-£1,150.68
Potential profits	£4,651.37		+£378.40
Yr 9 Dividends	£932.42		+£0
Yr 9 Interest	£4.98		+£0
Yr 9 Profit from sales	£4,897.75		+£0
Yr 9 proj avg monthly profit	£614.17	(9.7%)	-£15.75
Total Dividends	£15,567.30		+£0
Total Interest	£10.91		+£0
Total Profit from sales	£15,733.65		+£0
Average monthly cash profit	£284.98	(4.5%)	-£0.63
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+0%

This has less exposure to my bigger holdings and so fell half as much as the ISA, with potential profits actually increasing by £378 thanks to my magic formula shares which nearly all went up a little this week. Projected annual profit fell below my 10% target, but with 12 weeks to go year 8 is looking pretty good. Not much prospect of selling anything else though.

Painfully close to crossing the injection line, but still below it.

Running parallel to the trend line and hopefully not getting any closer, until it changes direction.

The trading account looks like this after week 422 overall and week 6 of year 9.

			Weekly Change
Cash	£63.39		+£0
Portfolio cost	£2,073.87		+£0
Portfolio sell value (bid price - commission)	£1,269.92	(-38.8%)	-£46.92
Potential profits	£0		+£0
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	-£5.31	(-3.1%)	+£0.01
(Sold stocks profit + Dividends - Fees / Months)

JLP:Jubilee Metals fell 3% despite a good production update, and SBTX:SkinBioTherapeurics fell 6% so the value dropped £46 and I'm stuck in a rut.

Slow and steady decline

Desperation has set in.

I'm thinking of just not bothering looking for a few months, in the hope there's some good news and I get a nice surprise next time I look, as the wait is driving me mad, and even if there is an update it's met with either a brief spike or absolutely nothing at all. It's not going to happen though - I want to maintain my weekly record of events so I'll grin and bear it.

Next month I'm doubling my work pension contributions, so there should be an extra £250 a month going in. That may mean I have enough to do a £2,000 transfer to my SIPP next month, and should mean I can do a transfer every 3 months instead of 4 months going forward, so more magic formula shares to come.

Week 471 Review - A generally good week spoiled by Optibiotix and Jubilee Metals

It wasn't a bad week for most of my portfolio, with some big rises including a 50% increase for junk share PBX:Probiotix Health which helped take some of the losses away from OPTI:Optibiotix dropping 1.5p and JLP:Jubilee Metals dropping 0,1p. The deficit between cost and value increased by £1,985 to £98,287, the deficit between injection and value went up to £30,925, and portfolio value dropped to £124,252.

The biggest loser was FXPO:Ferrexpo, which continues to drop and is now 91% down after an 8% fall this week. That puts it in junk territory so I won't be reporting on movements until it's back below a 90% loss.

Next worst performer was OPTI:Optibiotix which dropped 6% and did most of the damage this week.

SBTX:SkinBioTherapeutics also dropped 6%, and as this is my 4th largest holding, made a big dent in my portfolio value.

It's mostly good news from here.

AJB:AJ Bell, IPX:Impax Asset Management and PSN:Persimmon all went up 5%.

IGG:IG Group, IHP:Integrafin and PAF:Pan African Resources all went up 6%.

Share of the week is ATYM:Atalaya Mining, which climbed 8% but is still 16% down after a relatively short amount of time. It goes ex-dividend next week so likely to drop then.

Here's the ISA and shares portfolio after week 3 of year 10.

			Weekly Change
Cash	£86.15		+£0.05
Portfolio cost	£106,138.27		+£0
Portfolio sell value (bid price-commission)	£54,448.36	(-48.7%)	-£1,689.44
Potential profits	£1,863.05		-£473.08
Yr 10 Dividends	£0		+£0
Yr 10 Interest	£0.11		+£0.05
Yr 10 Profit from sales	£149.75		+£0
Yr 10 proj avg monthly profit	£211.04	(3.3%)	-£105.41
Total Dividends	£12,222.49		+£0
Total Interest	£6.91		+£0.05
Total Profit from sales	£18,027.59		+£0
Average monthly cash profit	£274.03	(4.3%)	+£0.59
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	39%		+0%

Not much happened - tiny interest payment and OPTI:Optibiotix lost lots of potential profit and hammered value.

It was too much to hope that the momentum would continue upwards.

Still above the trend line though!

The SIPP looks like this after week 455 overall and week 39 of year 9.

			Weekly Change
Cash	£330.09		-£214.06
Portfolio cost	£113,848.03		+£222.48
Portfolio sell value (bid price - commission)	£68,007.76	(-40.3%)	-£264.76
Potential profits	£4,272.97		+£764.17
Yr 9 Dividends	£932.42		+£7.81
Yr 9 Interest	£4.98		+£0.62
Yr 9 Profit from sales	£4,897.75		+£0
Yr 9 proj avg monthly profit	£629.92	(10.0%)	-£15.62
Total Dividends	£15,567.30		+£7.81
Total Interest	£10.91		+£0.62
Total Profit from sales	£15,733.65		+£0
Average monthly cash profit	£285.61	(4.5%)	-£0.54
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+0%

I had my regular investment, buying 4 shares in FOUR:4imprint at 5497.1451p costing £222.49. I may keep buying these for 5 months instead of 4, as the amount is quite a bit below £250 and I like to have over £1,000 invested.

I got a £7 dividend from ATYM:Atalaya Mining who have a strange policy of paying their interim dividend just a month after the final dividend, so I'll get another £7 in a few weeks.

Potential profits went up by an impressive £764 and value only dropped by £264 thanks to my magic formula shares doing really well this week.

I think this counts as a flat week for the SIPP

Looking forward to ditching more pre-profit shares from this portfolio so this chart starts heading upwards and becomes less volatile.

The trading account looks like this after week 421 overall and week 5 of year 9.

			Weekly Change
Cash	£63.39		+£0
Portfolio cost	£2,073.87		+£0
Portfolio sell value (bid price - commission)	£1,316.84	(-36.5%)	-£30.97
Potential profits	£0		+£0
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	-£5.32	(-3.1%)	+£0.01
(Sold stocks profit + Dividends - Fees / Months)

Everything dropped this week, so it's amazing the value isn't down by more than £30.

It's like pulling teeth

Plunging below the trend line as hope of recovery slips away into the distance.

Feels like we're almost back where we were before the brief spike of optimism. I thought it was a turning point, but it wasn't. Another few weeks like this and the portfolio value will be back below £100k.

Week 470 Review - Not a great week but Optibiotix helps it end in the black.

Not a great week, with more shares dropping than rising, but given the dreadful plummet on Monday, it could have been a lot worse. The deficit between cost and value actually improved by £2,779 thanks to a 1.5p rise in OPTI:Optibiotix. It now stands at £96,302, with deficit between injection amount and value at £28,948. Total portfolio value went up to £126,229.

Worst performer was CWR:Ceres Power, which dropped 8% to go 14% down. This one is really volatile, so I need to be able to sell something n my trading account, as trading these could be rewarding.

IPX:Impax Asset Management is at the very top of my magic formula ranking, but has been a disaster.They fell 8% this week and are already 23% down, and I've hardly had them any time at all. Given their place at the top of my ranking, I should really be buying more at this price.

EDV:Endeavour Mining made me glad I sold a load last week, as they dropped 7% and are now 23% down. So much for them going up when they got back into the FTSE 100 - quite the opposite!

APAX:Apax Global Alpha have slid down my magic formula ranking into the sell zone, but they fell 6% this week and are now 25% down, so it won't be happening any time soon.

AFC:AFC Energy were in profit not long ago, but they have plummeted recently, and dropped another 5% this week to go 23% down.

CORE:Solidcore Resources (formerly POLY:Polymetal) don't get a mention very often, as they are on the Astana index and I can't trade them. They are however making some progress, and went up 11% this week. That makes them still 85% down, so almost in junk territory, but I'm still hopeful they will re-list and make some sort of recovery.

OPTI:Optibiotix saw that I sold some last week so decided to go back up this week. It was only 1.5p, so not enough to reverse all last week's losses, but it's 8% and responsible for most of this week's gains.

Share of the Week is one I've been watching for years and is a rare example of good timing. ALU:Alumasc Group went up 8% and my holding is now up by 20% in just a few weeks. They are 39th in my magic formula rankings, so I wouldn't buy them now, but that's very high for an AIM company, so these deserve an accolade this week despite having the same increase as OPTI.

Here's the ISA and shares portfolio after week 2 of year 10.

			Weekly Change
Cash	£86.10		-£3.85
Portfolio cost	£106,138.27		+£0
Portfolio sell value (bid price-commission)	£56,137.80	(-47.1%)	+£1,576.07
Potential profits	£2,336.13		+£473.08
Yr 10 Dividends	£0		+£0
Yr 10 Interest	£0.06		+£0
Yr 10 Profit from sales	£149.75		+£0
Yr 10 proj avg monthly profit	£316.45	(4.9%)	-£377.71
Total Dividends	£12,222.49		+£0
Total Interest	£6.86		+£0
Total Profit from sales	£18,027.59		+£0
Average monthly cash profit	£274.62	(4.3%)	+£0.62
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	39%		+0%

Cash went down due to monthly fees, and OPTI:Optibiotix went up so potential profits up £473 and decent rise in portfolio value. Year 10 performance will dive pretty quickly as I fail to make the same profit I did in week 1 in all the other weeks.

I guess it's the right direction

Still above the trend line which is nice.

The SIPP looks like this after week 454 overall and week 38 of year 9.

			Weekly Change
Cash	£544.15		-£16.66
Portfolio cost	£113,625.55		+£0
Portfolio sell value (bid price - commission)	£68,050.04	(-40.1%)	+£1,203.16
Potential profits	£3,508.80		-£75.63
Yr 9 Dividends	£924.61		+£0
Yr 9 Interest	£4.36		+£0
Yr 9 Profit from sales	£4,897.75		+£0
Yr 9 proj avg monthly profit	£645.54	(10.2%)	-£19.39
Total Dividends	£15,559.49		+£0
Total Interest	£10.29		+£0
Total Profit from sales	£15,733.65		+£0
Average monthly cash profit	£286.45	(4.5%)	-£0.80
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+0%

A very quiet week, with monthly fees dropping cash, potential profits just dropping a little, and OPTI:Optibiotix sending value up.

I want to get back near that injection line!

Tiny up-tick isn't doing much to pull back that massive deficit.

The trading account looks like this after week 420 overall and week 4 of year 9.

			Weekly Change
Cash	£63.39		+£0
Portfolio cost	£2,073.87		+£0
Portfolio sell value (bid price - commission)	£1,347.81	(-35.0%)	+£0
Potential profits	£0		+£0
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	-£5.33	(-3.1%)	+£0.02
(Sold stocks profit + Dividends - Fees / Months)

All share prices stayed the same in this one, so nothing changed apart from long term performance improving by 2p as the loss is spread over another week.

Flattest week ever

Below the trend line is bad.

No prospect of much happening next week. My SIPP shares that are outside the top 50 in my magic formula ranking are APAX:Apax Global Alpha (-25%), ARBB:Arbuthnot Banking (-13%), CAPD:Capital (-14%), GSK:GSK (-5%), WHR:Warehouse REIT (-23%), NG.:National Grid (+2%), EDV:Endeavour Mining (-23%), ATYM:Atalya Mining  (-22%), FXPO:Ferrexpo (-90%), AAL:Anglo American Mining (-11%) and UKW:Greencoat UK Wind (-6%).

I didn't really buy NG.:National Grid because of the magic formula rankings, so I'll probably hold onto those, as their metrics don't work to well for a ranking system due to massive debt. I'd like to have one utility and that's the one I'll keep.

It's a similar situation with GSK:GSK, which I didn't buy because of the magic formula, but I'm in two minds as to whether buying them was a mistake, so I may get rid.

Out of the others, the one with the least losses is UKW:Greencoat UK Wind. That's actually plummeted to 287th in the ranking, so I can't keep them despite the nice dividend. I've had £79 dividend from these, so whatever I sell them for will have an additional 5% return for that. I'll liberate £1,500 if I sell them, so will maybe get KNOS:Kainos Group with the proceeds, as they are 14th in my ranking, and some more CAML:Central Asia Metals with the other £500.

Week 469 Review - Absolute disaster of a week, with virtually everything crashing and last week's gains wiped out.

Absolute disaster of a week, with nearly all last week's gains wiped out, and a load of new purchases tanking. The deficit between cost and value widened by £12,902 to £99,081 and the deficit between injection amount and value increased to £31,707, Portfolio value dropped to £123,470.

PBX:Probiotix Health was the worst performer, dropping 20% to go 90% down and enter the category  of unmentionable junk shares. Very sad to see the complete destruction of shareholder value since this company floated, with no news of any positive progress whatsoever. They're in trouble when they need to raise cash as we'll be diluted to hell at this share price.

FXPO:Ferrexpo looked like a recovery was underway, but it wasn't, and the price dropped 18% this week, to also put this one back in the 90% junk category.

IES:Invinity Energy only recently heaved themselves out of being a junk share, but dropping 16% this week they are now 88% down and only 2% off re-joining that category.

OPTI:Optibiotix crashed 4.5p which is 15% and did a significant chunk of the damage this week. I should have known it would happen if there was no concrete news to back up the tip sheets.

AFC:AFC Energy dropped another 8% to put all my holdings in the red.

CAPD:Capital dropped 7% after I recently bought a load more. They have actually slid way down my magic formula list now, so I regret buying them as I have 2 lots I won't be able to get rid of without taking a loss.

JLP:Jubilee Metals fell 7% on there still being no news of progress at Roan. So glad I bought a load more just before the drop. This is by far my biggest holding after OPTI:Optibiotix, and it's doing almost as bad.

TRX:Tissue Regenix have been doing really well lately, but most of that has been undone with a 7% drop this week sending them 55% down.

AAL:Anglo American Mining looked like a cunning buy as they were about to sell off a load of assets so they could be bought out. I figured lots of returns to shareholders would materialise, but instead they dropped another 6% and are now losing 11% on my recent purchase price.

CWR:Ceres Power were briefly in the black, but fell another 6% this week to go 7% down.

PAGE:Pagegroup had very uninspiring results and dropped 6% to go 20% down. They are however still in my top 50 magic formula shares, so I'm going to keep them. My new rule is I only buy them if they are in the top 30, but I hold them while they're in the top 50.

IHP:Integrafin has not been a great magic formula investment, dropping 5% this week to go 4% down.

Only one share rose by 5% or more this week, and it's SBTX:SkinBioTherapeutics. They went up 10% but are still a long way down in all my holdings.

Here's the ISA and shares portfolio after week 1 of year 10.

			Weekly Change
Cash	£89.95		+£3.36
Portfolio cost	£106,138.27		+£1,141.55
Portfolio sell value (bid price-commission)	£54,561.73	(-48.6%)	-£6,932.30
Potential profits	£1,863.05		-£1,791.50
Yr 10 Dividends	£0		+£0
Yr 10 Interest	£0.06		+£0.06
Yr 10 Profit from sales	£149.75		+£149.74
Yr 10 proj avg monthly profit	£694.16	(10.1%)	+£694.16
Total Dividends	£12,222.49		+£0
Total Interest	£6.86		+£0.06
Total Profit from sales	£18,027.59		+£149.74
Average monthly cash profit	£275.24	(4.3%)	+£0.80
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	39%		+0%

Quite a lot happened this week. I decided I didn't want OPTI:Optibiotix in both my HL ISA and my AJ Bell ISA, so I sold my AJ Bell holding of 4,719 shares at 24.68p, making £149.74 (14.7%) profit. That's because I was convinced JLP:Jubilee Metals were about to re-rate following director buys and with Roan news imminent. I bought 18,648 shares at 6.148p costing £1,151.48.

I also needed to cash in some premium bonds to pay for my holiday, but I cashed in an extra £1,000 which I added to my ISA and bought 16,256 JLP shares also at 6.148p costing £1,004.97.

The result was my portfolio cost going up £1,141. Potential profits collapsed by £1,791 thanks to OPTI:Optibiotix and JLP:Jubilee Metals.

The £149 profit in week 1 means my projected year 10 profits are way more than they will be, but nice to get the year off to a positive start. It made barely a scratch on long term performance.

Drat and double drat!

Heading back down to the trend line, but still above it.

The SIPP looks like this after week 453 overall and week 37 of year 9.

			Weekly Change
Cash	£560.81		+£175.60
Portfolio cost	£113,625.55		+£88.76
Portfolio sell value (bid price - commission)	£66,846.88	(-41.2%)	-£5,928.11
Potential profits	£3,584.43		-£112.15
Yr 9 Dividends	£924.61		+£0
Yr 9 Interest	£4.36		+£0.32
Yr 9 Profit from sales	£4,897.75		+£14.04
Yr 9 proj avg monthly profit	£664.93	(10.5%)	-£16.75
Total Dividends	£15,559.49		+£0
Total Interest	£10.29		+£0.32
Total Profit from sales	£15,733.65		+£14.04
Average monthly cash profit	£286.95	(4.5%)	-£0.49
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+0%

After re-calculating my magic formula rankings, two companies that had plummeted down the listing were EDV:Endeavour Mining and UKW:Greencoat UK Wind, so they are now in the sell zone, and both were in the green so I made a move to exchange them for companies higher up the ranking.

I sold my 702 shares in UKW:Greencoat UK Wind for 143.99p making just £8.79 (1.3%) profit, and have had no dividends. These are ones I've been buying with my monthly savings, which turns out was a mistake. I still have some more in my HL SIPP, but they are in the red. I used the proceeds to buy 64 shares in SCT:Softcat at 1620.5p costing £1,047.31. They are 12th in my magic formula rankings.

I sold my 42 shares in EDV:Endeavour Mining for 1741.2845p, making just £5.25 (1.2%) profit, again with no dividends. I switched my monthly savings before I got these to £1,000 so I used the proceeds to top up my holding in CAML:Central Asia Metals, buying 385 shares at 195.9888p, costing £759.56.

This meant the portfolio cost increased by just £88. Potential profits only dropped £112 as the profitable shares didn't have as bad a week as the loss-making ones. The profits were so small that both year 9 and long-term performance still dropped.

I came so close to the injection line, but it wan't to be.

Not nice. Just as I was feeling optimistic, a harsh dose of reality.

The trading account looks like this after week 419 overall and week 3 of year 9.

			Weekly Change
Cash	£63.39		+£0
Portfolio cost	£2,073.87		+£0
Portfolio sell value (bid price - commission)	£1,347.81	(-35.0%)	-£41.95
Potential profits	£0		-£30.70
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	-£5.35	(-3.1%)	+£0.01
(Sold stocks profit + Dividends - Fees / Months)

The big drop in JLP:Jubilee Metals wiped out all potential profits and were too much for the rise on SBTX:SkinBioTherapeutics to counter, so value dropped by £41. The good news is that SBTX is only 8% down now, so one bit of news could allow me to sell them.

Still looking grim

No longer touching the trend line, but beneath it.

I'm a week late writing this up again. I suspect it will happen every time there's a miserable week like this one.