Week 475 Review - A rare positive week, but nowhere near enough to make up for recent losses.

A positive week for a change, with the deficit between cost and value narrowing by £655 despite taking over £750 profit. The deficit now stands at £115,255 and deficit between injection and value is £47,064. Total portfolio value is now £113,255.

My worst performer was one of my recent acquisitions, which it appears was badly timed. TLOU:Tlou Energy dropped 13% and is 26% down in 2 weeks, but does have a massive spread. I'm hoping news of electricity generation before Christmas should see a significant re-rate.

JLP:Jubilee Metals is still being sold into, and dropped another 6%. However, on Friday it appeared that there was no big seller, and the price went up for the first time in months. I await next week with baited breath.

PBX:Probiotix Health climbed 14% but is still 81% down, but back to a point where I have to report price movements. It looks like a shareholder revolt is under way after the recent raise, with a proposal that the raise should be offered to existing shareholders and the person who benefited from the original raise only buys what isn't taken up by existing shareholders, which is the way it should have been done in the first place rather than just claiming that they couldn't get anything from existing shareholders, which is bullshit given they didn't even ask us.

III:3i Group and RIO:Rio Tinto both went up 5% and recovered some of last week's losses. III is now up 98% and will get purple colouring in my summary listing if it gets to 100%.

ASHM:Ashmore Group and SBTX:SkinBioTherapeutics both went up 6%. The SBTX rise may be due to bulletin board hype so is likely to be short lived.

CAML:Central Asia Metals recovered massively from recent losses and rose 9%, with my main SIPP holding going 6% back into profit.

PAF:Pan African Resources benefited from a surge in the price of gold, and went up 10%. My main holding is up 84% so that's in danger of going purple soon.

Share of the Week should have been CEY:Centamin, as it went up 27% after announcing it was being taken over. Unfortunately I didn't like the look of the company that was taking them over, as they pay a puny dividend and have huge debt, so it looked like asset stripping on the cheap. I sold my holding rather than wait for the shares and £180 cash I would have had.

That means Share of the Week goes to EDV:Endeavour Mining, which has been rubbish since I bought them, but which went up 18% this week due to a combination of gold price and announcing pouring from two new projects which should see a big swing from capital expenditure towards shareholder returns. My holding is only 8% down now.

Here's the ISA and shares portfolio after week 7 of year 10.

			Weekly Change
Cash	£27.80		+£0
Portfolio cost	£111,188.18		+£0
Portfolio sell value (bid price-commission)	£49,506.66	(-55.5%)	-£467.50
Potential profits	£0		+£0
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	£85.22	(1.3%)	-£14.20
Total Dividends	£12,222.49		+£0
Total Interest	£6.91		+£0
Total Profit from sales	£18,027.59		+£0
Average monthly cash profit	£271.65	(4.0%)	-£0.57
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	36%		+0%

Although this was a positive week, the ISA fell £467 mostly due to the drop in JLP:Jubilee Metals.

Still falling

Now running parallel to and below the trend line.

The SIPP looks like this after week 459 overall and week 43 of year 9.

			Weekly Change
Cash	£203.21		-£445.00
Portfolio cost	£115,062.19		+£1,214.16
Portfolio sell value (bid price - commission)	£62,378.06	(-45.8%)	+£1,156.18
Potential profits	£4,528.55		+£677.45
Yr 9 Dividends	£957.37		+£0
Yr 9 Interest	£4.98		+£0
Yr 9 Profit from sales	£5,670.64		+£772.89
Yr 9 proj avg monthly profit	£649.78	(10.3%)	+£64.27
Total Dividends	£15,592.25		+£0
Total Interest	£10.91		+£0
Total Profit from sales	£16,506.54		+£772.89
Average monthly cash profit	£290.47	(4.6%)	+£6.68
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+1%

Portfolio value went up by £1,156 and potential profits went up £677 to reverse all last week's losses, despite me taking £772 profit.

I sold my 1878 CEY:Centamin shares for 149.305p making £772.89 (38%) profit. I've also had £139 dividends, with a last dividend due on 27th September. These were loss making for a long time, but came really good in the end, and I wish I could have kept them.

I wanted to re-invest most of the returns in gold so I don't lessen my exposure just as the price is going up.

I bought 3,352 more shares in PAF:Pan African Resources at 29.8249p costing £1,016.68. That increased my weighted average for that holding from 17.3p to 21.9p so they are only up by 42% compared to around 80% before the purchase, but if they continue upwards the rewards will be greater.

I didn't buy any more EDV:Endeavour Mining, which I regret a little as they surged just after I would have bought them. Instead I bought 102 shares in CMCL:Caledonia Mining at 972.5p costing £1,003.90. Although I have a bad track record with these, making a loss every time I've owned them, they are near the top of my magic formula ranking whereas EDV are way, way down.

I didn't spend the remaining cash on gold, as I really want to increase my holding on CAML:Central Asia Metals before their next dividend. I bought 560 shares at 178.46p costing £1,011.33. They closed the week at 188.4p, so yippee! I will be buying more as soon as I possibly can.

I also had my monthly investment, so got another 4 shares in FOUR:4imprint at 5064.464p costing £205.09. They dropped in price by the end of the week so my holding is down 9%, but I don't mind them dropping while I'm still accumulating, which I will be doing for another 3 months.

Year 9 performance went back above 10% with just 9 weeks of the year left, but long term performance only improved by 0.1% so it's going to take an awful lot to get that anywhere near 10%.

A nice tick up.

I guess touching the trend line is better than being below it.

The trading account looks like this after week 425 overall and week 9 of year 9.

			Weekly Change
Cash	£63.39		+£0
Portfolio cost	£2,073.87		+£0
Portfolio sell value (bid price - commission)	£1,184.24	(-42.9%)	-£32.83
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	-£5.27	(-3.1%)	+£0.01
(Sold stocks profit + Dividends - Fees / Months)

SBTX:SkinBioTherapeutics went up 6% but it wasn't enough to offset the 6% drop in JLP:Jubilee Metals, so we're down by £32.

The relentless decline continues.

It's hard to look at, especially given the profit I could have sold one of my JLP:Jubilee Metals holdings for if I hadn't forgotten how trading accounts are meant to work.

It's nice to have a positive week for a change, and it's encouraged me to catch up on writing this, as I needed to publish the last 2 weeks of horror losses before I could do this one. Hopefully I can be motivated to keep up to date from now on. After all, it's St Leger day on Saturday!