The week was saved by a decent rise for PBX:Probiotix Health, so the deficit between cost and value narrowed by £1,055 to £126,274 and between injection amount and value to £57,931. Total portfolio value is £103,121.
AFC:AFC Energy was the worst performer, and dropped 16% after a 17% fall last week. The only possible reasons I can think of are a massive short or the recent rise was a blip following the cash raise. Unfortunately they have now halved since I bought them, so yet another failure.
SAE:Simec Atlantis Energy dropped 11% and the recent rally appears short lived.
AAL:Anglo American Mining fell furthest of my copper stocks, but all were down this week. AAL dropped 5% but are still only 8% down, so I'm hoping for them to go into the black soon.
PSN:Persimmon suffered from some panic selling in house builders and dropped 5% but are still 9% up.
Only two big risers this week, and both microbiome shares. OPTI:Optibiotix remained flat, but SBTX:SkinBioTherapeutics went up 17% after announcing another acquisition, and this time with sensible financing. There's anticipation of a Croda announcement this year too, so they may overtake OPTI if no news comes from there.
Share of the Week is PBX:Probiotix Health which zoomed up 43% after a decent set of results and announcing a few new deals. Let's hope some agreement can be made on the recent share issue to prevent half the board being sacked next month.
Tiny increase in potential profits as CWR:Ceres Power nudged up, and although nice to see a rise in portfolio value, it's tiny compared to recent losses.
Will it last more than a week?
Well below the trend line still.
Same as ISA
A bit closer to the trend line in this one, but still below it.
The trading account looks like this after week 429 overall and week 13 of year 9.
JLP:Jubilee Metals slipped a little, but SBTX:SkinBioTherapeutics went up more, so potential profit improved by £11. Seems like a long time since I could say that!
A very slight tick upwards.
Still very grim, but for this week I managed to avoid having to adjust the Y axis.
Here's the ISA and shares portfolio after week 11 of year 10.
| Weekly Change | |||
| Cash | £40.35 | +£0 | |
| Portfolio cost | £111,188.18 | +£0 | |
| Portfolio sell value (bid price-commission) | £42,975.74 | (-61.3%) | +£571.09 |
| Potential profits | £422.00 | +£6.98 | |
| Yr 10 Dividends | £20.65 | +£0 | |
| Yr 10 Interest | £0.34 | +£0 | |
| Yr 10 Profit from sales | £149.75 | +£0 | |
| Yr 10 proj avg monthly profit | £59.18 | (0.9%) | -£5.92 |
| Total Dividends | £12,243.14 | +£0 | |
| Total Interest | £7.14 | +£0 | |
| Total Profit from sales | £18,027.59 | +£0 | |
| Average monthly cash profit | £269.49 | (4.0%) | -£0.57 |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Compound performance | 36% | +0% |
Tiny increase in potential profits as CWR:Ceres Power nudged up, and although nice to see a rise in portfolio value, it's tiny compared to recent losses.
Will it last more than a week?
Well below the trend line still.
The SIPP looks like this after week 463 overall and week 47 of year 9.
| Weekly Change | ||||
| Cash | £134.43 | -£304.61 | ||
| Portfolio cost | £115,895.61 | +£329.95 | ||
| Portfolio sell value (bid price - commission) | £58,816.22 | (-49.3%) | +£473.14 | |
| Potential profits | £5,053.10 | -£190.90 | ||
| Yr 9 Dividends | £1,125.74 | +£36.62 | ||
| Yr 9 Interest | £6.35 | +£0 | ||
| Yr 9 Profit from sales | £5,534.36 | -£136.28 | ||
| Yr 9 proj avg monthly profit | £595.78 | (9.3%) | -£22.34 | |
| Total Dividends | £15,760.62 | +£36.62 | ||
| Total Interest | £12.28 | +£0 | ||
| Total Profit from sales | £16,370.26 | -£136.28 | ||
| Average monthly cash profit | £288.09 | (4.5%) | -£1.56 | |
| (Sold stocks profit + Dividends - Fees / Months) | ||||
| Compound performance | 40% | +0% |
Quite a lot going on.
First there was the announcement by the President of Burkina Faso that they are contemplating revoking some mining licenses so they can produce their own gold. That caused a drop in the EDV:Endeavour Mining share price, as they have several of their mines there. I've been concerned about EDV for a while, as they should be way higher up my magic formula list, so I decided not to risk them losing out, seeing as I have a bad track record for this sort of thing. I sold my 51 shares for 1642.574p after paying 1942.548p and took a £181.84 (17.5%) loss. However, if you include the £65 dividends it's more like a 12% loss.
I wanted to keep gold money in gold, so added to my holding in PAF:Pan African Resources. I bought 2,834 shares at 35.2775p costing £1,016.71.
I also had my monthly investment this week, buying another 4 shares in FOUR:4imprint at 5249.1909p per share costing £212.52. They did their usual trick of increasing in value just before I bought them and dropping afterwards. I do wonder if the market makers are looking at all the monthly savings schemes and ensuring they have to buy as high as possible. Just another 2 month of buying these before I switch to something else.
The sell-off of JLP:Jubilee Metals has accelerated this week, with huge volumes, but the price is holding. That suggests the demand is as strong as the seller, and once the seller is finished, there could be a very rapid re-rate. I decided I needed to buy some more while they are so low, and looked at shares I could sell that don't qualify as a magic formula share but are in profit. The only one was NG.:National Grid. I know it's in my SIPP and I'm only meant to buy dividend-paying shares in my SIPP, but I see this as a rare opportunity to get cheap shares I can sell fairly soon and use the proceeds for more dividend-paying shares. I know that tactic has failed me in the past, but everything indicates the JLP share price should be at least double what it is now.
I sold my 126 NG.:National Grid shares for 992.934p and made £45.56 (4.2%) profit, or 7% if you include the £39 dividend.
I bought 28,736 shares in JLP:Jubilee Metals at 4.489p costing £1,301.91. They are 4.45p to sell, so not far below my purchase price. My target is to sell at 9p for around 100% profit and buy dividend paying shares with the proceeds.
I got £36 in dividends, made up of £15 from EDV:Endeavour Mining, £9 from GSK:GSK and £11 from PAGE:Pagegroup.
Potential profit actually fell by £190, but portfolio value went up by £473. My performance suffered a little due to taking the loss.
Same as ISA
A bit closer to the trend line in this one, but still below it.
The trading account looks like this after week 429 overall and week 13 of year 9.
| Weekly Change | |||
| Cash | £63.39 | +£0 | |
| Portfolio cost | £2,073.87 | +£0 | |
| Portfolio sell value (bid price - commission) | £1,091.51 | (-47.4%) | +£11.12 |
| 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 | -£5.22 | (-3.0%) | +£0.01 |
| (Sold stocks profit + Dividends - Fees / Months) |
JLP:Jubilee Metals slipped a little, but SBTX:SkinBioTherapeutics went up more, so potential profit improved by £11. Seems like a long time since I could say that!
A very slight tick upwards.
Still very grim, but for this week I managed to avoid having to adjust the Y axis.
I've realised that my JLP:Jubilee Metals holding has now sneaked up to 415,458, making it by far my biggest holding in terms of number of shares, and at a cost of £30,898.20 my 2nd largest holding other than OPTI:Optibiotix by some margin. The way things currently stand, I'm less concerned about the long term future of JLP than I am for OPTI, which is saying something given they are an African miner! I guess it is still high risk, but surely the current seller has to run out of shares soon?
I have £2,000 arriving in my SIPP this week. Do I stick to my plan and buy N91:Ninety One and POLR:Polar Capital Holdings, or do I get a great big pile of JLP:Jubilee Metals? Decisions, decisions...
