Week 474 Review - Absolute disaster with huge losses across the whole portfolio

Such a depressing week. The biggest problem was caused by a 3.5p drop in OPTI:Optibiotix, which contributed £7,000 of my losses, but the total increase in the deficit between cost and value was £10,677, taking it to £115,911, with deficit between injection amount and value up to £48,489, and portfolio value down to £111,938 despite injecting £5,000.

Thirteen of my companies dropped in price by 5% or more. A few are down for a reason, but most just seem to be hit by bad sentiment.

IES:Invinity Energy were hit hardest, falling 46% after a profit warning. It doesn't really matter as they were virtually worthless anyway, and now they are down by 94% I no longer need to report price movements.

Next biggest loser was more serious, with OPTI:Optibiotix dropping 16%. That's after 2 weeks of 6% drops. Most of it was probably caused by a highly dilutive cash raise by spin-off PBX:Probiotix Health and the ensuing spat and threats of legal action. All that also caused PBX to slump by 13%, so a bit of a disaster all round. I'm now concerned that PBX is in the hands of a crooked CEO giving over 20% of the company to his mate for pretty much a 50% discount to share price when no cash was actually needed. It's a big worry.

FXPO:Ferrexpo dropped 13% with fears that Russia will actually take the land where they are based and nick all their assets. At least now this one is 92% down, I don't need to report price movements any more.

I bought back into TLOU:Tlou Energy this week, in an attempt to get back the £2k I lost when I sold them last time. I bought 57,803 shares at 1.73p costing £1,004.99. I've been in and out of these a lot over the years, and am down about £1,400 altogether, but they have completed the electricity transmission lines and almost completed the substation, so could be selling electricity this calendar year. I decided now was the time to try and at least get my losses back.

CAML:Central Asia Metals dropped a massive 9% as copper got absolutely trounced. AAL:Anglo American Mining and ATYM:Atalaya Mining didn't do much better, dropping 8% each.

IHP:Integrafin had gone green, but dropped 7% this week for no reason and are now 5% down.

PAGE:Pagegroup continue to be rubbish, dropping 6% to go 28% down.

CEY:Centamin dropped 5% despite the price of gold staying at $2,500 so I don't know what on earth is happening here.

GAW:Games Workshop is usually my most stable share, but dropped 5% this week but is still up by 7% altogether.

RIO:Rio Tinto joined the other miners and fell 5% to go 25% down.

One share managed a decent rise, and it was almost the only share to even go up at all. ALU:Alumasc Group has been soaring and is probably my best timed investment ever. They went up another 6% this week and are 38% up now, and win Share of the Week for a 2nd week in a row.

Here's the ISA and shares portfolio after week 6 of year 10.

			Weekly Change
Cash	£27.80		-£53.65
Portfolio cost	£111,188.18		+£5,049.91
Portfolio sell value (bid price-commission)	£49,974.16	(-55.1%)	-£5,295.06
Potential profits	£0		-£916.88
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	£99.42	(1.5%)	-£23.13
Total Dividends	£12,222.49		+£0
Total Interest	£6.91		+£0
Total Profit from sales	£18,027.59		+£0
Average monthly cash profit	£272.22	(4.0%)	-£0.61
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	36%		-3%

I cashed in £5,000 of premium bonds in a fit of pique after winning nothing for two months in a row. It was mainly because I want to buy a load more JLP:Jubilee Metals on discovering the reason for the recent fall is an investment fund closing down and selling millions of JLP shares. Once that is finished I see no reason why the price shouldn't go back up to where it was heading last year, especially now copper production is ramping up.

I bought 55,402 shares at 5.478p costing £3,039.92, taking my ISA holding to 275,039 costing £18,575. It's by far my 2nd biggest holding after OPTI:Optibiotix. I also have 38,080 shares in my dealing account, 15,949 in my trading account and 57,654 in my SIPP, all of which I plan to sell as soon as they are in profit.

I mentioned the shares I bought in TLOU:Tlou Energy in the intro section, so that left me another £1,000 to invest. In order to increase the number of OPTI:Optibiotix shares I can sell in my SIPP, I bought another 4,792 at 20.868p costing £1,004.99. I've sidelined a similar number in the SIPP ready to sell so have a total of 27,083 I can sell, with another 78,963 I'll retain unless I can get some more in the ISA. After building up my holding over all these years I don't want it to go below 200,000 shares, but I do want to drastically reduce the number in my SIPP.

Huge drop in portfolio value as nearly everything crashed, and all £916 potential profits also wiped out as even my cheap OPTI:Optibiotix holding dropped to a loss.

Big increase in injection and cost, but value stays flat.

Absolutely devastating.

The SIPP looks like this after week 458 overall and week 42 of year 9.

			Weekly Change
Cash	£648.21		+£233.34
Portfolio cost	£113,848.03		+£0
Portfolio sell value (bid price - commission)	£60,007.72	(-47.3%)	-£5,356.60
Potential profits	£3,851.10		-£637.46
Yr 9 Dividends	£957.37		+£0
Yr 9 Interest	£4.98		+£0
Yr 9 Profit from sales	£4,897.75		+£0
Yr 9 proj avg monthly profit	£585.51	(9.2%)	-£16.04
Total Dividends	£15,592.25		+£0
Total Interest	£10.91		+£0
Total Profit from sales	£15,733.65		+£0
Average monthly cash profit	£283.79	(4.5%)	-£0.78
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	39%		-1%

Cash went up thanks to me monthly savings being added. Big drop in value and £637 wiped off potential profits, and that's mostly FTSE shares.

Not looking so promising any more

Just as devastating as the ISA

The trading account looks like this after week 424 overall and week 8 of year 9.

			Weekly Change
Cash	£63.39		+£0
Portfolio cost	£2,073.87		+£0
Portfolio sell value (bid price - commission)	£1,217.07	(-41.3%)	-£25.96
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	-£5.28	(-3.1%)	+£0.02
(Sold stocks profit + Dividends - Fees / Months)

The JLP:Jubilee Metals slide continues, as this account dwindles towards nothing.

It's a very steady decline.

Horror show.

The only faint hope I have is that at some point the fund will stop selling their JLP:Jubilee Metals holding and we may get some recovery. The fact I've bought tons at this cheap price makes me feel a bit better.