Week 473 Review - Big holding drop yet again.

It was generally a fairly flat week, but most things were down a little. OPTI:Optibitox and JLP:Jubilee Metals both dropped yet again, so the deficit between cost and value widened by £3,316 to £105,233, the deficit between injection amount and value widened to £37,791 and total portfolio value dropped to £117,386.

OPTI:Optibiotix fell by 6% for the 2nd week in a row as they drift relentlessly on lack of any significant news.

AFC:AFC Energy fell another 5% and is now down 28% from being in profit not long ago.

IPX:Impax Asset Management has been a dreadful magic formula share despite being top of the rankings, and fell another 5% to go 21% down. I will of course be buying more the first chance I get.

There was some good news, with PBX:Probiotix Health climbing 1p which is 33%, however they are still 81% down and still a basket case so not deserving of Share of the Week.

Share of the Week goes to one of my best ever magic formula shares ALU:Alumasc Group, which went up another 6% and is now 31% in profit. Marvelous.

Here's the ISA and shares portfolio after week 5 of year 10.

			Weekly Change
Cash	£81.45		-£4.70
Portfolio cost	£106,138.27		+£0
Portfolio sell value (bid price-commission)	£50,219.31	(-52.7%)	-£1,797.25
Potential profits	£916.88		-£473.08
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	£122.55	(1.9%)	-£35.73
Total Dividends	£12,222.49		+£0
Total Interest	£6.91		+£0
Total Profit from sales	£18,027.59		+£0
Average monthly cash profit	£272.83	(4.3%)	+£0.62
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	39%		+0%

Not much to say other than big drop in value and potential profits as OPTI:Optibiotix slides.

Looked promising about 5 weeks ago. Less so now.

Dropping relentlessly towards the declining trend line.

The SIPP looks like this after week 457 overall and week 41 of year 9.

			Weekly Change
Cash	£414.87		+£84.78
Portfolio cost	£113,848.03		+£0
Portfolio sell value (bid price - commission)	£65,364.32	(-42.6%)	-£1,492.76
Potential profits	£4,488.56		-£162.81
Yr 9 Dividends	£957.37		+£24.95
Yr 9 Interest	£4.98		+£0
Yr 9 Profit from sales	£4,897.75		+£0
Yr 9 proj avg monthly profit	£601.55	(9.5%)	-£12.62
Total Dividends	£15,592.25		+£24.95
Total Interest	£10.91		+£0
Total Profit from sales	£15,733.65		+£0
Average monthly cash profit	£284.57	(4.5%)	-£0.41
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+0%

I had a £24 dividend from UKW:Greencoat UK Wind and I've decided to keep them, despite them dropping massively down my magic formula ranking. Their dividend is so good that I'm willing to look aside from my magic formula rules for these.

Cash was also up a bit after a tax rebate, but big drop in portfolio value and also a drop in potential profits of £162.

A less serious decline than the ISA as I reduce the reliance on non-dividend shares

Still high enough to be dragging the trend line flatter.

The trading account looks like this after week 423 overall and week 7 of year 9.

			Weekly Change
Cash	£63.39		+£0
Portfolio cost	£2,073.87		+£0
Portfolio sell value (bid price - commission)	£1,243.03	(-40.1%)	-£26.89
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	-£5.30	(-3.1%)	+£0.01
(Sold stocks profit + Dividends - Fees / Months)

Still dropping. Much misery.

Pretty much follows the relentless slide of JLP:Jubilee Metals.

The trend line won't be upwards for much longer.

Two weeks late writing this up as I'm fed up. Enough said.