Week 532 Review - Another bad weeks takes us close to a record low.

A horrible week, with drops in my biggest holdings and a big slump on Friday across the board. The deficit between cost and value widened by £3,138 to £145,756 and the deficit between injection and value rose to £66,231. Total portfolio value dropped to £112,851.

The biggest faller was my biggest holding OPTI:Optibiotix, which dropped 13% to just 8.7p. There is no hope for any improvement in my portfolios performance unless OPTI can get back close to break-even at 60p, and there's currently no sign of anything that's likely to do that.

BEZ:Beazley fell 6% just after I bought some more, and went from almost going ono profit, to 6% down.

POLR:Polar Capital have had a great run recently, but fell 5% this week. Fortunately both my holdings are still in profit.

FXPO:Ferrexpo climbed 20% as part of their usual yo-yo, and so are only 88% down now, so I have to report on price movements again. They don't warrant Share of the Week consideration though.

GGP:Greatland Resources continued to rise, gaining 5% this week to go 51% up. Unfortunately my other gold miners had much smaller rises this week, despite gold soaring to new heights.

N91:Ninety One went up 5% and are now 12% in profit.

YU.:Yu Group zoomed up 10% this week and are now back to break-even, so hoping for a profitable move next week.

CWR:Ceres Power climbed 15% and are now 5% in profit after being in severe loss just a few weeks ago. Shame I didn't buy any more.

Share of the Week is PBX:Probiotix Health, which went up 17%. I'm still down 66% but hopefully these will get a bit of momentum now. You would think as the biggest shareholder in PBX, OPTI would have responded positively to this, but no.

Here's the ISA and shares portfolio after week 12 of year 11.

			Weekly Change
Cash	£86.80		+£0
Portfolio cost	£116,208.30		+£0
Portfolio sell value (bid price-commission)	£36,150.12	(-68.9%)	-£1,199.25
Potential profits	£369.35		+£70.46
Yr 11 Dividends	£8.90		+£0
Yr 11 Interest	£0.72		+£0
Yr 11 Profit from sales	-£61.90		+£0
Yr 11 proj avg monthly profit	-£26.01	(-0.4%)	+£2.36
Total Dividends	£12,496.97		+£0
Total Interest	£9.29		+£0
Total Profit from sales	£17,498.37		+£0
Average monthly cash profit	£239.63	(3.3%)	-£0.45
(Sold stocks profit + Dividends - Fees / Months)

Big drop in value, but surprisingly a £70 increase in potential profits, with last week's purchase AMRQ:Amaroq climbing 2%, BOKU:Boku dropping 2%, and CWR:Ceres Power leaping 145% to go 5% into profit. After years with £0 potential profit in the ISA, that's a step in the right direction.

Grim

Not quite a record low, but very close to it.

The SIPP looks like this after week 516 overall and week 48 of year 10.

			Weekly Change
Cash	£1,078.52		-£34.04
Portfolio cost	£141,233.78		+£762.60
Portfolio sell value (bid price - commission)	£75,535.71	(-46.5%)	-£1,939.07
Potential profits	£7,268.90		-£834.67
Yr 10 Dividends	£1,696.45		+£0
Yr 10 Interest	£7.80		+£0
Yr 10 Profit from sales	£7,658.57		+£717.62
Yr 10 proj avg monthly profit	£825.69	(10.8%)	+£48.60
Total Dividends	£17,813.10		+£0
Total Interest	£20.70		+£0
Total Profit from sales	£24,666.51		+£717.62
Average monthly cash profit	£343.50	(4.5%)	+£5.38

I decided to spread the risk of my gold holding and also cash in some profit, so I sold 1,200 shares in PAF:Pan African Resources at 92.2839p making £717.62 (184.1%) profit. I used that to buy 1,229 shares in AMRQ:Amaroq at 90.85p costing £1,128.50. I'm happy to say they ended the week at 94p and are £14 in profit, whereas PAF dropped to 90.3p so my timing was better than usual. AMRQ isn't strictly a share I should be buying in the SIPP as it pays no dividend, but I'm confident they will start paying one fairly soon if production continues to increase.

Given I took out some profit, the potential profit effectively fell by £117 on top of that. The portfolio dropped a big £1,939, but year 10 performance is looking really good. Even if I sell nothing else in the next 4 weeks, I will end up making 9.9%. It's just a shame that previous years were so bad so the long term average is still only 4.5%. It is however difficult to maintain that performance given I'm adding so much cash to the portfolio each year.

This chart doesn't look too bad.

This chart looks much worse, and like the ISA we're very close to a record low. As I've mentioned before, this is all down to a very small number of companies spoiling the picture for the ones that are doing well.

The only chart I like to look at.

I'm expecting some big dividends next week, with CAML:Central Asia Metals and KNOS:Kainos Group paying out. I'm not expecting any other news, and have a feeling that if there is anything, it won't be good. A similar drop to this week would put me at an all-time low, so the painful decline which has been going on for around 2 years is showing no sign of letting up.

Week 531 Review - Dreadful week reversing all last week's gains.

This was already a fairly bad week, but then Friday afternoon took a turn for the much worse, and everything dropped like a brick. The result was a widening in the deficit between cost and value of £3,467 to £142,620 and an increase in the deficit between injection and value to £64,065. Portfolio value dropped to £115,017 despite injecting £2,200.

Worst performer was my 2nd biggest holding JLP:Jubilee Metals, which dropped 11% after an update that said virtually nothing other than sowing doubt and delays. This isn't going anywhere in a hurry.

TLOU:Tlou Energy did it's usual 10% bounce down on no news.

AFC:AFC Energy dropped 8% after a recent decent run and has slipped to 39% down now.

FXPO:Ferrexpo dropped 8% and are 90% down, so at least this is the last time I'll need to report on them for a while. It appears the Ukrainian government is doing significantly more harm to them than the Russian government, withholding vast VAT refunds and blaming the behaviour of an ex-director.

IPX:Impax Asset Management dropped 7%, which was quite vexing as I bought some more this week. My main holding is 60% down and even my new holding is 6% down already.

CKN:Clarkson was in profit, but the 5% drop this week took it to a 4% loss.

FOUR:4imprint, IES:Invinity Energy, OPTI:Optibiotix and SBTX:SkinBioTherapeutics also fell 5%, with OPTI by far my biggest holding contributing over £1,000 of this week's losses.

AMP:Ampeak Energy went up 5% this week, although they are still 71% down and I have little hope of recovery.

CWR:Ceres Power continued their good run, with a 6% rise taking them to only 9% down now.

POLR:Polar Capital have also been on a great run, climbing another 6% to go 13% and 16% up, and they have a gigantic dividend.

BOKU:Boku climbed 7% and are now 21% up after quite a short period in my portfolio. The new AIM magic formula may be working!

My brand new AIM gold miner AMRQ:Amaroq climbed 10% to go 9% up in the first week I've owned them.

My relatively new gold miner GGP:Greatland Resources also climbed 10% to go 44% up in just a few weeks.

Share of the Week is my ASX listed gold miner CORE:Solidcore Resources, which went up 13%, but is still 73% down and I struggle to see how it will ever get back to break-even. I guess my best hope is that it lists back in the UK and I buy more to average down.

Here's the ISA and shares portfolio after week 11 of year 11.

			Weekly Change
Cash	£86.80		-£1,023.50
Portfolio cost	£116,208.30		+£1,329.35
Portfolio sell value (bid price-commission)	£37,349.37	(-67.9%)	-£2,168.57
Potential profits	£298.89		+£170.29
Yr 11 Dividends	£8.90		+£8.90
Yr 11 Interest	£0.72		+£0.72
Yr 11 Profit from sales	-£61.90		+£0
Yr 11 proj avg monthly profit	-£28.37	(-0.4%)	+£5.37
Total Dividends	£12,496.97		+£8.90
Total Interest	£9.29		+£0.72
Total Profit from sales	£17,498.37		+£0
Average monthly cash profit	£240.08	(3.3%)	-£0.40
(Sold stocks profit + Dividends - Fees / Months)

I transferred the £950 from my dealing account to my ISA so I could buy AMRQ:Amaroq after being impressed with their gold resources in Greenland and their recent price drop seemed an opportunity. I bought 1,218 shares at 83.7p costing £1,024.47 and within a few days they went up to 92p, a very rare example of good timing.

I also added some more cash to my ISA so I could buy £300 worth of IES:Invinity Energy as I discussed last week. I bought 1,428 at 21p costing £304.88 which brought my weighted average down from 161.9p to 71.6p where I think there's a much better chance of at least breaking even if they don't go bust.

Potential profits went up £170 as both my profitable companies did well. Not often I've been able to report that in the ISA!

I got an £8 dividend from CAPD:Capital.

I think I asked last week how long it would last, and the answer was not very long.

Below the trend line and almost below the bottom of the chart.

The SIPP looks like this after week 515 overall and week 47 of year 10.

			Weekly Change
Cash	£1,112.56		-£786.19
Portfolio cost	£140,471.18		+£3,001.13
Portfolio sell value (bid price - commission)	£76,712.18	(-45.4%)	-£1,297.14
Potential profits	£8,103.57		+£327.77
Yr 10 Dividends	£1,696.45		+£32.16
Yr 10 Interest	£7.80		+£3.80
Yr 10 Profit from sales	£6,940.95		-£7.36
Yr 10 proj avg monthly profit	£777.09	(10.1%)	-£15.77
Total Dividends	£17,813.10		+£32.16
Total Interest	£20.70		+£3.80
Total Profit from sales	£23,948.89		-£7.36
Average monthly cash profit	£338.12	(4.4%)	-£0.56

My pension contribution came through, and I also did my monthly investment so a lot happened.

I did exactly as I planned and bought another 22 shares in RIO:Rio Tinto at 4949.8799p costing £1,106.36 and I bought 810 shares in JHD:James Halstead at 141.9p costing £1,161.34. Both stayed pretty much level over the week and both are only 2% away from being in profit.

I decided to sell GSK:GSK as they are way down my magic formula ranking and I've had £50 dividends from them, so selling my 65 shares at 1636.7711p and making a £7.36 (0.5%) loss was acceptable given my net gain was 4% with the dividends. Selling them meant I could buy 568 shares in IPX:Impax Asset Management, more than doubling my holding. I bought 568 shares for 186.45p costing £1,070.99. That reduced my weighted average price from 441.6p to 299.4p. Given I don't expect these to go bust and feel they have dropped way more than they should, I'm hoping this was a good plan.

I bought three lots of monthly savings shares. 26 shares in BEA:Beazley at 930.7p costing £244.69, 13 shares in RAT:Rathbones at 1860.1377p costing £244.53 and 7 shares in FOUR:4imprint at 3241.4806p costing £229.53. I'll keep these same three next month, after which I'll switch out FOUR for something else.

Potential profit went up £327 despite drops over most of the portfolio, and I got £11 dividend from PAGE:Pagegroup, £10 from CAPD:Capital and £10 from GSK:GSK.

The green line hides what was really going on as cash was injected.

On the trend line rather than below it, so it could be worse, and probably will be next week.

Looks like I won't be above this trend line for much longer

No thoughts this week as I exhausted myself last week, and the hoped-for update from JLP:Jubilee Metals had the opposite affect to what was desired, so misery continues. Gold provides a glimmer of hope, at least until that starts dropping too.

Week 530 Review - A great week for most of my portfolio and lots of SIPP shares gong into profit.

Apart from a small number of exceptions, this was a really good week. Despite OPTI:Optibiotix remaining flat, the other shares narrowed the deficit between cost and value by £3,094 to £138,152 and the deficit between injection and value reduced to £60,377. Total portfolio value increased to £116,205.

Worst performer was one of the worst performances ever, with TRX:Tissue Regenix losing 50% of their value following interim results. Normally you expect a drop on poor results, but not 50%, as they weren't that poor. I suspect epic amounts of shorting has made things worse. I'm not enough of a gambler to buy any though. I can only hope they make enough to stay afloat as I'm 94% down. A cheap buy-out would leave me with around £3k of loss. The only good news is that now they are down over 90% I don't have to report on price movements any more.

IES:Invinity Energy fell 11% after their results, which was a surprise because they weren't bad. That took my holding to 88% down, and does make me ponder - for only £300 I could more than half my average cost per share. That might be worth the risk if I believe they are not going out of business. I may do that on Monday.

PBX:Probiotix Health drifted down another 8% on no news to go 71% down.

ARBB:Arbuthnot Banking fell 5% for no reason whatsoever.

SBTX:SkinBioTherapeutics fell 5% for the same reason as PBX - absolutely no news for ages and investors getting bored.

AMP:Ampeak Energy, ASHM:Ashmore Group, FDM:FDM Group, FSV:Fidelity Special Values and PAF:Pan African Resources all went up 5% this week. That was enough to take FSV into profit by 4% and enough to take PAF to 196% up, just 4% short of a 2-bagger.

IHP:Integrafin went up 6% which was enough to take them back into profit by 2%.

FOUR:4imprint rose 7% but are still 25% down. I have added them to my monthly investment list to get a few more at this discount price.

KNOS:Kainos Group went up 7% and that was enough to take them 5% into profit in a week when SIPP magic formula shares going into profit was a bit of a theme.

JLP:Jubilee Metals climbed 8% and I desperately hope this is the start of a gradual increase, as I have rather a lot in my SIPP I want to dispose of so I can buy more dividend-paying shares.

GSK:GSK went up 9% and are only 1% down. At one point they were in profit and I almost sold, but given I've not had much dividend from them, I'll hang on a bit longer in the hope of a better profit. They are certainly way down my magic formula ranking so I shouldn't be keeping them.

TLOU:Tlou Energy went up 11%, but that's just part of their usual wild swings.

POLR:Polar Capital have soared recently, and are up 14% this week. That takes one of my holdings to 6% in profit and the other to 9%. Given this also pays a 10% dividend I'm very happy I recently doubled my holding.

RNWH:Renew Holdings also went up 14% this week after a very positive end of year trading update, and are now 11% in profit.

Share of the Week was last week's biggest faller and the week before's Share of the Week, CWR:Ceres Power. They went up an absolutely massive 47% this week, so my holding is now only 14% down. I may get back to break even at this rate. I wish some of my other foundering shares could do the same thing.

Here's the ISA and shares portfolio after week 10 of year 11.

			Weekly Change
Cash	£1,110.30		+£1,037.22
Portfolio cost	£114,878.95		-£999.12
Portfolio sell value (bid price-commission)	£38,188.59	(-66.8%)	+£1,242.21
Potential profits	£128.60		+£0
Yr 11 Dividends	£0		+£0
Yr 11 Interest	£0.02		+£0
Yr 11 Profit from sales	-£61.90		-£61.90
Yr 11 proj avg monthly profit	-£33.74	(-0.5%)	-£26.05
Total Dividends	£12,488.07		+£0
Total Interest	£8.57		+£0
Total Profit from sales	£17,498.37		-£61.90
Average monthly cash profit	£240.48	(3.3%)	-£0.96
(Sold stocks profit + Dividends - Fees / Months)

I sold my last holding in CAPD:Capital as I really want to transfer the cash to my ISA and add AMRQ:Amaroq to my portfolio. I sold my 917 shares at 102.75p making £61.90 (6.2%) loss, but I've had £65 dividends and more coming next week, so altogether they will be slightly up. I wanted to take advantage of a recent dip in AMRQ so just hoping they don't sky rocket before I can transfer the cash on Tuesday on settlement date.

The loss didn't have much impact on long term performance, and portfolio value went up by £1,242, not including the £937 I removed from it.

The chart is smaller this week, as I created it on my laptop so the usual size is too big to fit. A nice tick up but a vast gulf between value and injection line.

At least we're touching the trend line now.

You can't notice the loss dropping things much faster.

The SIPP looks like this after week 514 overall and week 46 of year 10.

			Weekly Change
Cash	£1,898.75		+£256.05
Portfolio cost	£137,470.05		+£0
Portfolio sell value (bid price - commission)	£75,008.19	(-45.4%)	+£1,852.55
Potential profits	£7,775.80		+£975.60
Yr 10 Dividends	£1,664.29		+£6.05
Yr 10 Interest	£4.00		+£0
Yr 10 Profit from sales	£6,948.31		+£0
Yr 10 proj avg monthly profit	£792.86	(10.6%)	-£17.04
Total Dividends	£17,780.94		+£6.05
Total Interest	£16.90		+£0
Total Profit from sales	£23,956.25		+£0
Average monthly cash profit	£338.68	(4.5%)	-£0.61

My £250 regular saving was added to cash, as was my £6 dividend from GAW:Games Workshop. Potential profits went up a massive £975 with lots of companies contributing, as 13 of my SIPP holdings are in profit and 2 within 1% of being profitable. That's the most I've ever had, and suggests the magic formula may be working.

That's not a very big gap between value and injection. I dream of crossing that line one day.

Just above the trend line - huzzah!

Still above the trend line.

An excellent week, and it feels like a long time since I've had two positive weeks in a row. The big question is how long will it last?

I'm expecting my pension transfer to come in early next week, which will give me another £2,200. As it's in my HL account I probably won't put it aside for regular monthly saving like I do with my AJ Bell account, so I need to work out what to buy. I think half of it will be RIO:Rio Tinto as they are 25th in my magic formula ranking and have exposure to copper which I'm hoping will continue to rise in price. The other half will probably go on JHD:James Halstead as it's 11th in my ranking and pays a 6% dividend. They spiked up after the results but have dropped again. I think they are going to be a low growth company as 5-year earnings per share growth is only 1.87%, but they have 19% ROI and only 3.4% debt to equity and earn enough each year to easily pay the dividend.

Week 529 Review - Good week despite some big drops.

Not a bad week, with some decent rises making up for some depressing drops. The deficit between cost and value narrowed by £4,005 to £142,246 and the deficit between injection and value reduced to £63,416. Total portfolio value increased to £112,816.

Worst performer was last week's Share of the Week CWR:Ceres Power, which dropped 11% after lackluster interims and likely profit taking following the 44% rise last week.

TRX:Tissue Regenix had a 2nd big drop in a row, falling 9% to go 85% down.

PBX:Probiotix Health dropped 7% and will likely continue to drift until there is some news.

AMP:Ampeak Energy fell 5% after their interim results to go 74% down.

TLOU:Tlou Energy continue to yo-yo and dropped 5% this week to go 36% down.

CAPD:Capital rose 5% and it was a lot more than that in mid-week, allowing me to sell my SIPP holding. My remaining dealing account holding is 10% down and hopefully I can sell it soon.

RIO:Rio Tinto went up 5% but still seems to be lagging the other miners. My holding is only 4% down and I'm tempted to buy more when my pension transfer comes in a couple of weeks.

FDM:FDM Group recovered 6% of their recent losses but are still 60% down.

BOKU:Boku climbed an impressive 7% and are now 13% in profit.

GGP:Greatland Resources went up 10% and are 25% in profit.

IES:Invinity Energy went up 10% after revealing quite a few projects to deliver their batteries may be eligible for grant aid.

CORE:Solidcore Resources finally seems to be catching up with the other gold miners, and climbed 15%, but my holding is still 76% down.

Share of the Week is OPTI:Optibiotix which went up 17%, helped by the CEO buying a load of shares and possibly in anticipation of Sweetbiotix news in the next few weeks.

Here's the ISA and shares portfolio after week 9 of year 11.

			Weekly Change
Cash	£73.08		+£0
Portfolio cost	£115,878.07		+£0
Portfolio sell value (bid price-commission)	£37,945.50	(-67.3%)	+£1,691.14
Potential profits	£128.60		+£74.25
Yr 11 Dividends	£0		+£0
Yr 11 Interest	£0.02		+£0
Yr 11 Profit from sales	£0		+£0
Yr 11 proj avg monthly profit	-£7.69	(-0.1%)	+£0.96
Total Dividends	£12,488.07		+£0
Total Interest	£8.59		+£0
Total Profit from sales	£17,560.27		+£0
Average monthly cash profit	£241.44	(3.3%)	-£0.46
(Sold stocks profit + Dividends - Fees / Months)

Potential profits went up £74 thanks to BOKU:Boku and total value went up a healthy £1,691. Year 11 performance should go positive in 2 weeks when a CAPD:Capital dividend comes through, but meantime is negative due to ISA fees.

Will it last more than a week?

Still below the trend line.

The SIPP looks like this after week 513 overall and week 45 of year 10.

			Weekly Change
Cash	£1,642.70		-£27.64
Portfolio cost	£137,470.05		+£239.26
Portfolio sell value (bid price - commission)	£73,155.64	(-46.8%)	+£2,314.24
Potential profits	£6,800.20		+£281.04
Yr 10 Dividends	£1,658.24		+£91.24
Yr 10 Interest	£4.00		+£0
Yr 10 Profit from sales	£6,948.31		+£57.88
Yr 10 proj avg monthly profit	£809.90	(10.9%)	-£3.72
Total Dividends	£17,774.89		+£91.24
Total Interest	£16.90		+£0
Total Profit from sales	£23,956.25		+£57.88
Average monthly cash profit	£339.29	(4.5%)	+£0.60

I sold my CAPD:Capital shares as they have fallen out of my top 50 in the magic formula and they had a brief spike in mid-week to allow me to take a profit. I sold 1,123 shares at 104.1p making £57.88 (5.2%) profit, or 7% if you include the £21 dividend, with another dividend still to come.

I bought 127 shares in KNOS:Kainos Group at 878.7p costing £1,133.48. They went up 1% after I bought them, but are 1% down due to commission. They are 9th on my magic formula ranking, but I had avoided them due to a long decline in share price. However they recently surged so seem to have some upward momentum. They pay a 3.87% dividend, have ROI of 20.79%, debt to equity of 4.03% and 5-year earnings per share growth of 13.31%. I now have 18 of my top 30 ranking shares, with 9 on my watch list and 3 written off for ethical or red flag reasons.

I also got a tax rebate in my AJ Bell account, so once again bought some more JLP:Jubilee Metals shares. I bought 6,584 at 3.0375p costing £204.99.

I had a £21 dividend from ARBB:Arbuthnot Banking, £43 from RIO:Rio Tinto, and £26 from SBRE:Sabre Insurance.

Year 10 performance remains above 10% with just 7 weeks of the year left to go, but long term profit remained flat at 4.5%, which is unchanged since the beginning of year 10, mainly because the cost of the portfolio has gone up quite a lot with regular injections.

I just can't close the gap to the injection line.

As with the ISA, still below the trend line

Trend line still upwards and we're above it.

Both JLP:Jubilee Metals and OPTI:Optibiotix are due an update in the next few weeks. JLP on copper production and progress on selling the South African operation, and OPTI on 2nd generation products. Seed Health have put out a teaser that they're launching something on 30th September. Could it possibly be the first product to contain Sweetbiotix? Probably not given the serial disappointment we're going through at the moment. It's nice to dream though.

Week 528 Review - Reasonable week spoiled by Optibiotix.

A reasonably good week ruined by OPTI:Optibiotix dropping 1.5p, undoing all the good from elsewhere and causing the deficit between cost and value to widen by £1,393 to a record £146,252, with the deficit between injection and value growing to £67,633. Total portfolio value dropping to £108,599.

Worst performer was last week's Share of the Week TLOU:Tlou Energy which fell 15% and undid last week's rise.

OPTI:Optibiotix dropped 10% which is about £3,000 so it's a good job other things went up.

TRX:Tissue Regenix dropped another 8% as they spiral away towards nothing.

FOUR:4imprint reversed the recent recovery and dropped 6% to go 29% down.

ARBB:Arbuthnot Banking dropped 5% to go 10% down just as I thought they were getting back into profit.

CORE:Solidcore Resources went up 6% but are still 79% down. I really need these to re-list in UK.

IPX:Impax Asset Management recovered last week's losses and went up 6% but are still 59% down.

GGP:Greatland Resources also recovered from last week's drop to go up by 7% and are now 14% in profit.

FXPO:Ferrexpo recovered 9% so are 89% down which means I have to report on them again.

AFC:AFC Energy recovered 10% and are now only 35% down.

ALU:Alumasc Group recovered 10% after recent drops and are now 71% up.

PAF:Pan African Resources continue to surprise, climbing another 10% to go 176% up as they prepare to list on the main market which should see them enter the FTSE index.

Share of the Week is CWR:Ceres Power which climbed a massive 44%, although my holding is still 34% down. Maybe things are starting to look up here.

Here's the ISA and shares portfolio after week 8 of year 11.

			Weekly Change
Cash	£73.08		-£8.00
Portfolio cost	£115,878.07		+£0
Portfolio sell value (bid price-commission)	£36,254.36	(-68.7%)	-£1,134.25
Potential profits	£54.35		+£0
Yr 11 Dividends	£0		+£0
Yr 11 Interest	£0.02		+£0.02
Yr 11 Profit from sales	£0		+£0
Yr 11 proj avg monthly profit	-£8.65	(-0.1%)	-£3.72
Total Dividends	£12,488.07		+£0
Total Interest	£8.59		+£0.02
Total Profit from sales	£17,560.27		+£0
Average monthly cash profit	£241.90	(3.3%)	-£0.53
(Sold stocks profit + Dividends - Fees / Months)

Cash dropped due to monthly fees and BOKU:Boku stayed flat so no change in potential profits.

And still the decline continues.

Dropping faster than the trend line now and almost off the bottom of the chart.

The SIPP looks like this after week 512 overall and week 44 of year 10.

			Weekly Change
Cash	£1,670.34		-£469.27
Portfolio cost	£137,230.79		+£484.47
Portfolio sell value (bid price - commission)	£70,602.14	(-48.6%)	-£259.25
Potential profits	£6,519.16		+£976.29
Yr 10 Dividends	£1,567.00		+£34.93
Yr 10 Interest	£4.00		+£0.04
Yr 10 Profit from sales	£6,890.43		+£0
Yr 10 proj avg monthly profit	£813.62	(10.9%)	-£17.39
Total Dividends	£17,683.65		+£34.93
Total Interest	£16.90		+£0.04
Total Profit from sales	£23,898.37		+£0
Average monthly cash profit	£338.69	(4.5%)	-£0.54

Although I was away on holiday, my monthly regular savings kicked in.

The first was BEZ:Beazley where I bought 31 shares at 797.26p costing £249.89. That reduced my weighted average to 926.73p. They went up to 837p just after I bought them, so my holding is only 11% down now.

The next purchase was a new investment. I bought 13 share in RAT:Rathbones at 1784p costing £234.58. These climbed to 1810p by the end of the week so I'm only 2% down due to commission. They are 23rd in my magic formula ranking, with dividend of 5.34%, ROI of 11.4%, debt to equity of 6.51% and 5 year earnings per share growth of 4.4%. Their share price had been rising steadily for 6 months before a blip at the end of August. I don't see them soaring, but hope they will be a reliable dividend payer.

I'm a bit miffed that one of my potential magic formula shares KNOS:Kainos Group which I was going to buy, I held back because their share price had been relentlessly declining. A few weeks ago it leapt from 700p to 900p so it goes to show it occasionally pays to catch a falling knife.

I got a £10 dividend from CKN:Clarkson and £24 from FOUR:4imprint, but also paid monthly fees. Value only dropped by £259 and potential profits zoomed up £976 thanks to my gold miners and ALU:Alumasc.

Still heading the wrong way.

Still below the trend line but at least no longer steeper than it.

I'm hoping this will stay fairly flat for a while now, as I don't really want to sell any more of my profitable shares. The next opportunity will probably be if CAPD:Capital continues to rise or if JLP:Jubilee Metals ever sorts itself out.

My biggest holdings are in a right mess at the moment, which is why I have a record deficit. OPTI:Optibiotix is at 9p and contributing £95,289 towards my deficit, which is 65% of it. My next biggest holding is JLP:Jubilee Metals which is contributing £20,893 to the deficit, which is 14% of it. Then we have PBX:Probiotix Health contributing £13,541 which is 9%. That means 88% of my losses are down to just 3 companies. If they could get to break-even my losses would only be £17,500 which would cause me to sleep easy. I would also be £61K above my injection line. The good news is that I'm reasonably confident all three will eventually come good, but I don't know how long it's going to take, and I'm fed up of writing doom and gloom week in and week out as my portfolio slides relentlessly downwards. I can just take heart that my new SIPP investments are doing much better and I have a process for buying shares which I hope will mean any new money is less likely to lose as much value as my previous purchases. 

Week 527 Review - Another losing week despite gold stocks rising well.

Another losing week, with the deficit between cost and value widening by £2,500 yo £144,858 and the deficit between injection and value widening to £66,246. Total portfolio value dropped to £109,986.

My biggest loser and a major contributor to the losses was CAML:Central Asia Metals which fell a massive 16% after lackluster results and a having of the dividend. A cynic might argue that they engineered the share price drop as they have instigated a share buy-back. It's very frustrating as I recently bought a load more and am now back to a big paper loss.

TRX:Tissue Regenix dropped 14% and I'm beginning to think I'll never get anything back from these as they are 82% down.

AMP:Ampeak Energy dropped 8% to go 72% down.

GGP:Greatland Resources suffered from some profit taking and dropped 5% but are still 7% up.

OPTI:Optibiotix continued to slide, and fell another 5% this week.

There was a lot more good news than last week, with INVP:Investec climbing 5% to go 2% into profit.

PRU:Prudential climbed 5% just one week after I bought them and are 5% in profit.

CORE:Solidcore Resources finally started reacting to the price of gold and went up 10%, but are still 80% down.

IES:Invinity Energy climbed 10% as they sold a few more batteries.

PAF:Pan African Resources continued to climb, rising another 10% to go 152% up.

SBTX:SkinBioTherapeutics had a rare rise of 10% but are still 28% down.

Share of the Week is TLOU:Tlou Energy, which does tend to bounce around a lot, but rose 13% this week.

Here's the ISA and shares portfolio after week 7 of year 11.

			Weekly Change
Cash	£81.08		+£0
Portfolio cost	£115,878.07		+£0
Portfolio sell value (bid price-commission)	£37,388.61	(-67.7%)	-£553.14
Potential profits	£54.35		-£14.85
Yr 11 Dividends	£0		+£0
Yr 11 Interest	£0		+£0
Yr 11 Profit from sales	£0		+£0
Yr 11 proj avg monthly profit	-£4.93	(-0.1%)	+£0.82
Total Dividends	£12,488.07		+£0
Total Interest	£8.57		+£0
Total Profit from sales	£17,560.27		+£0
Average monthly cash profit	£242.43	(3.4%)	-£0.46
(Sold stocks profit + Dividends - Fees / Months)

Not much happened while I was on holiday. Potential profits dropped £14 as BOKU:Boku fell yet again. £553 drop in value is pretty flat.

Still looks dreadful

Still below the trend line.

The SIPP looks like this after week 511 overall and week 43 of year 10.

			Weekly Change
Cash	£2,139.61		+£0
Portfolio cost	£136,746.32		+£0
Portfolio sell value (bid price - commission)	£70,376.92	(-48.5%)	-£1,947.45
Potential profits	£5,542.87		+£92.65
Yr 10 Dividends	£1,532.07		+£0
Yr 10 Interest	£3.96		+£0
Yr 10 Profit from sales	£6,890.43		+£0
Yr 10 proj avg monthly profit	£831.01	(11.1%)	-£19.79
Total Dividends	£17,648.72		+£0
Total Interest	£16.86		+£0
Total Profit from sales	£23,898.37		+£0
Average monthly cash profit	£339.23	(4.5%)	-£0.66

Massive drop in value compared to the ISA because I hold so much CAML:Central Asia Metals in this account, and potential profit only went up £92 as the gains in miners were offset by losses elsewhere.

Bad.

Dreadful.

Nice.

Another holiday catch-up week so nothing more to say.

Week 526 Review - Gold miners shine but not enough to recover a dreadful week elsewhere.

A pretty dreadful week across most of the portfolio, with gold miners the only ray of sunshine. The deficit between cost and value widened by £4,679 to £142,358 and the deficit between injection and value widened to £63,746. Total portfolio value dropped to £112,486.

Worst performer was PBX:Probiotix Health, dropping 13% despite pretty good results.

CWR:Ceres Power fell 12% and are now 54% down.

ALU:Alumasc Group dropped 9% and I really don't know why, but are still 53% up.

ASHM:Ashmore Group have been recovering slightly recently but all that was undone as they dropped 9% to go 42% down.

OPTI:Optibiotix also dropped 9% which caused a significant proportion of this week's losses.

IPX:Impax Asset Management fell 6% and are now 62% down, all on the back of the St James's Place contract loss, which seems way too big a drop as it was only about 15% of their income.

JLP:Jubilee Metals didn't rally for very long and dropped 6% this week, which was another big contributor to the losses.

AFC:AFC Energy fell 5% to go 40 % down.

FXPO:Ferrexpo also fell 5% to go 89% down which is just shy of the 90% where I'll no longer have to report on it.

IHP:Integrafin dropped 5% and are no longer in profit, but down 3% on my purchase price.

My only significan risers were my two gold miners. PAF:Pan African Resources climbed 11% to go 120% up, and Share of the Week goes to GGP:Greatland Resources which climbed 17% to go 12% into profit.

Here's the ISA and shares portfolio after week 6 of year 11.

			Weekly Change
Cash	£81.08		+£0
Portfolio cost	£115,878.07		+£0
Portfolio sell value (bid price-commission)	£37,941.75	(-67.3%)	-£2,521.31
Potential profits	£69.20		-£19.80
Yr 11 Dividends	£0		+£0
Yr 11 Interest	£0		+£0
Yr 11 Profit from sales	£0		+£0
Yr 11 proj avg monthly profit	-£5.75	(-0.1%)	+£1.16
Total Dividends	£12,488.07		+£0
Total Interest	£8.57		+£0
Total Profit from sales	£17,560.27		+£0
Average monthly cash profit	£242.89	(3.4%)	-£0.46
(Sold stocks profit + Dividends - Fees / Months)

BOKU:Boku dropped again so potential profits slipped by £19, and a thumping great drop in value.

All the recent gains have gone.

Nearly got to the trend line, but back below it now.

The SIPP looks like this after week 510 overall and week 42 of year 10.

			Weekly Change
Cash	£2,139.61		+£411.74
Portfolio cost	£136,746.32		+£564.73
Portfolio sell value (bid price - commission)	£72,324.37	(-47.1%)	-£2,158.67
Potential profits	£5,450.22		-£40.01
Yr 10 Dividends	£1,532.07		+£0
Yr 10 Interest	£3.96		+£0
Yr 10 Profit from sales	£6,890.43		+£726.47
Yr 10 proj avg monthly profit	£850.80	(11.4%)	+£56.03
Total Dividends	£17,648.72		+£0
Total Interest	£16.86		+£0
Total Profit from sales	£23,898.37		+£726.47
Average monthly cash profit	£339.89	(4.6%)	+£5.52

I decided my holding in III:3i Group had run its course. The premium to NAV is way over what it should be and they are utterly reliant on one investment, and I'd already sold half my original holding so dividend income was only going to be against 32 shares. I sold them for 3883.4p making £726.47 (140.7%) profit.

I used some of the proceeds to buy 110 shares in PRU:Prudential for 968.744p costing £1,075.95. I know they are not on my magic formula listing, but I've always wanted to invest and they are increasing in value at the moment, and are planning on selling off part of the company so there may be some shareholder returns.

Despite cashing in £726 profit, potential profit only dropped £40 thanks to the gold miners climbing so much. With just 10 weeks of year 10 left to go, my profit is 11.4% which is brilliant, but long term profit hardly budged and is half my target 10%. Cash went up £411 partly from the III sale and also from my £250 monthly savings.

Not looking as bad as the ISA

That is looking as bad as the ISA.

I'm liking this chart though!

Nothing more to say this week as I've been on holiday so catching up 3 weeks at once.