The worst performer was last week's Share of the Week and my biggest holding OPTI:Optibiotix, which dropped 17% and lost two thirds of last week's gains. That only accounted for about half the overall losses though.
The 2nd worst performer was my 2nd biggest holding JLP:Jubilee Metals, which fell 16% after an RNS stated power grid issues in Zambia mean they may not meet their forecast production at the Roan concentrator. However, given this time last year production there was zero and the share price was higher, I can't understand why the massive drop. That's why I bought a load more!
The 3rd worst performer is my 3rd biggest holding SBTX:SkinBioTherapeutics, which fell 11% for no real reason other than profit taking after a recent rise. Can you see a pattern forming here? Merry bloody Christmas!
The only other double-digit loser was AFC:AFC Energy, which I thought was on the way back up, but which fell 10% this week to go 50% down.
Next worst performer was IHP:Integrafin, which produced what I thought were very solid results, but which dropped 9%. I have a pension transfer coming through in a few weeks, and I will be buying more of these.
GAW:Games Workshop, PAF:Pan African Resources, PAGE:Pagegroup and TLOU:Tlou Energy all fell 7%.
AAL:Anglo American Mining and ALU:Alumasc Group both fell 5%.
As I said in the intro, the only 2 shares that went up were APAX:Apax Global Alpha and IGG:IG Group, and being slightly less shit than the rest of the portfolio isn't enough to earn Share of the Week!
Here's the ISA and shares portfolio after week 21 of year 10.
| Weekly Change | |||
| Cash | £94.44 | +£0.04 | |
| Portfolio cost | £112,093.83 | +£0 | |
| Portfolio sell value (bid price-commission) | £45,047.50 | (-59.8%) | -£7,394.31 |
| Potential profits | £0 | +£0 | |
| Yr 10 Dividends | £97.54 | +£0 | |
| Yr 10 Interest | £0.44 | +£0 | |
| Yr 10 Profit from sales | £243.66 | +£0 | |
| Yr 10 proj avg monthly profit | £61.90 | (0.9%) | -£3.08 |
| Total Dividends | £12,320.03 | +£0 | |
| Total Interest | £7.24 | +£0 | |
| Total Profit from sales | £18,121.50 | +£0 | |
| Average monthly cash profit | £265.31 | (3.9%) | -£0.54 |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Compound performance | 36% | +0% |
Very little happened other than the massive £7,394 drop in value which wiped out all last week's gains plus a load more.
The only good news is that it didn't drop all the way to the recent lows. Maybe that's next week...
By some miracle it's touching the trend line rather than below it, but we are definitely following it down.
The SIPP looks like this after week 473 overall and week 5 of year 10.
| Weekly Change | ||||
| Cash | £156.06 | -£0.54 | ||
| Portfolio cost | £122,037.84 | +£335.48 | ||
| Portfolio sell value (bid price - commission) | £64,211.96 | (-47.4%) | -£6,930.14 | |
| Potential profits | £3,452.46 | -£910.28 | ||
| Yr 10 Dividends | £211.57 | +£24.96 | ||
| Yr 10 Interest | £0.17 | +£0.17 | ||
| Yr 10 Profit from sales | £1,906.90 | +£309.82 | ||
| Yr 10 proj avg monthly profit | £1.816.87 | (27.4%) | -£91.36 | |
| Total Dividends | £16,328.22 | +£24.96 | ||
| Total Interest | £13.07 | +£0.17 | ||
| Total Profit from sales | £18,914.84 | +£309.82 | ||
| Average monthly cash profit | £310.14 | (4.7%) | +£2.42 | |
| (Sold stocks profit + Dividends - Fees / Months) | ||||
| Compound performance | 43% | +1% |
It's not often I get to fill in every single bit of the table.
I had a £24 dividend from SCT:Softcat, and 17p interest.
When JLP:Jubilee Metals plummeted I decided to buy some more, so I sold 3,000 of my PAF:Pan African Resources shares at 36.2094p making £309 (39.9%) profit. I used the proceeds to buy 27,476 JLP shares at 3.96p costing £1,100. I'm hoping to sell those for 100% profit, buy back the PAF shares, and buy another £1,000 of CAML:Central Asia Metals. Unfortunately all the times I've tried this in the past have resulted in JLP falling even further, leaving me with 5 separate holdings in my SIPP, all of which were meant to be short term! Maybe this time...
Potential profits fell by £910 thanks to just about everything tanking. Year 10 performance is looking great after selling so much in the first few weeks, and long term performance improved by just 0.1%. It would be nice to get that back above 5%, which a rally in JLP:Jubilee Metals would easily achieve.
It was getting so close to the injection line - very sad.
Unfortunately this one has crossed the trend line and is now pulling it steeper downwards.
The trading account looks like this after week 439 overall and week 23 of year 9.
| Weekly Change | |||
| Cash | £70.88 | +£7.49 | |
| Portfolio cost | £2,150.27 | +£76.40 | |
| Portfolio sell value (bid price - commission) | £1,096.11 | (-49.0%) | -£204.97 |
| Potential profits | £0 | -£76.88 | |
| Year 9 Dividends | £0 | +£0 | |
| Year 9 Interest | £0 | +£0 | |
| Year 9 Profit | £83.88 | +£83.88 | |
| Yr 8 proj avg monthly profit | £15.80 | (+8.8%) | +£15.80 |
| Dividends | £85.46 | +£0 | |
| Interest | £0.03 | +£0 | |
| Profit from sales | -£518.66 | +£83.88 | |
| Average monthly cash profit | -£4.28 | (-2.4%) | +£0.84 |
| (Sold stocks profit + Dividends - Fees / Months) |
Something actually happened! When the JLP:Jubilee Metals share price collapsed for no good reason, SBTX:SkinBioTherapeutics was still high, so I sold my 2003 shares for 18.85p making £83.89 (29.4%) profit. Although that was well below my target of 23p, they subsequently dropped to 16.5p to it turned out to be a good move.
I bought 9,306 JLP shares at 3.72p costing £358.13. They are down by 5% due to spread and commission, but the bid price ended up 2% up on what I paid for them, so although the JLP price dropped over the week, these have done ok. It does mean my entire trading account is invested in JLP, so rather a lot is relying on that coming good. I do still hold TALY:Tally, but lets face it, that's never going to re-list and at some point I'll have to write them off. Probably the day after I get the account back into profit!
Cost price is up but value steeply down.
Well that's deeply depressing.
It looked like we might have been getting a Santa rally, as things were looking better than they had for much of 2024, but this week has put us right back where we started. It's very frustrating that the American share prices recovered on Friday after UK had closed. Does that mean we'll get some recovery next week? I very much doubt it.
Cost price is up but value steeply down.
Well that's deeply depressing.
It looked like we might have been getting a Santa rally, as things were looking better than they had for much of 2024, but this week has put us right back where we started. It's very frustrating that the American share prices recovered on Friday after UK had closed. Does that mean we'll get some recovery next week? I very much doubt it.
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