Week 498 Review - Dreadful week for most of the portfolio, but microbiome shares all rally.

A very strange week, with some massive falls and most of my portfolio losing money, but a decent rise in all three of my microbiome shares meant the deficit between cost and value narrowed by £6,047 to £121,913 and deficit between injection amount and value narrowed to £49,361. Total portfolio value increased to £118,051.

The biggest loser was CWR:Ceres Power who announced the end of their relationship with Bosch.  The fact Bosch have pulled the plug after all these years is devastating, and predictably the shares crashed 44% and are now 65% down and I fear the worst.

FXPO:Ferrexpo have been very volatile but this week crashed 21% presumably as things are getting a bit tense over the nature of any US negotiated peace deal. It only dropped them 4% to 84% down for me though.

TRX:Tissue Regenix have been hinting at selling the company, but it hadn't impacted the share price until last week. This week the drop accelerated, falling 17% to go 68% down. Every penny it drops will increase my losses if they do sell out.

IPX:Impax Asset Management had their dividend ex-date on Thursday which wiped 10% off the share price, and it fell another 5% to go 15% down in the week. My holding is now 59% down. I should be buying more just for the 10% dividend yield.

ASHM:Ashmore Group had been recovering of late, but this week dropped 7% to go 45% down.

UKW:Greencoat UK Wind have been drifting, but the drift turned into a nose-dive this week as they dropped 6% to go 31% down.

AFC:AFC Energy , FDM:FDM Group and IHP:Integrafin all dropped 5% in a really rubbish week.

Rubbish apart from all my microbiome shares.

SBTX:SkinBioTherapeutics climbed 8% and my biggest holding is only 10% down now, but my other 2 are 43% and 48% down.

OPTI:Optibiotix launched a new product in USA which used to drive really big rises, but it managed 13% which isn't bad. Most of my holdings are at least 50% down, and my biggest is 72% down. One of my ISA holdings is only down 19% so it needs a 5p rise to get into profit.

Share of the Week is PBX:Probiotix Health which soared 28% and my smallest holding is now 41% in profit. I suspect there's a very good chance I'll sell it next week so I can buy more IHP:Integrafin. The big holdings from my free shares are still down 44%. Not sure how I'll ever sell them though, as Hargreaves Lansdown don't allow electronic trades on Aquis. I'm hoping PBX will list on AIM or LSE before I want to sell those.

Here's the ISA and shares portfolio after week 30 of year 10.

			Weekly Change
Cash	£56.04		+£0
Portfolio cost	£114,352.47		+£0
Portfolio sell value (bid price-commission)	£48,326.69	(-57.7%)	+£3,153.07
Potential profits	£0		+£0
Yr 10 Dividends	£109.23		+£0
Yr 10 Interest	£0.82		+£0
Yr 10 Profit from sales	£327.55		+£0
Yr 10 proj avg monthly profit	£54.83	(0.8%)	-£1.89
Total Dividends	£12,417.18		+£0
Total Interest	£7.62		+£0
Total Profit from sales	£17,602.85		+£0
Average monthly cash profit	£256.71	(3.6%)	-£0.52
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	35%		+0%

Great rise as most of the big falls were in my SIPP.

Nice tick up.

Above the trend line!

The SIPP looks like this after week 482 overall and week 14 of year 10.

			Weekly Change
Cash	£50.09		-£21.33
Portfolio cost	£125,505.95		-£327.18
Portfolio sell value (bid price - commission)	£69,618.63	(-44.5%)	+£2,567.67
Potential profits	£3,718.70		+£155.01
Yr 10 Dividends	£351.71		+£0
Yr 10 Interest	£1.25		+£0
Yr 10 Profit from sales	£2,375.87		-£233.44
Yr 10 proj avg monthly profit	£825.61	(12.0%)	-£141.32
Total Dividends	£16,468.36		+£0
Total Interest	£14.15		+£0
Total Profit from sales	£19,383.81		-£233.44
Average monthly cash profit	£309.48	(4.5%)	-£2.75
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	42%		+0%

Much complication this week as there were tax rebates, buys and a sell.

I got fed up with CMCL:Caledonia Mining. Every time I've owned them they have been useless, and I was sitting on a loss despite gold being at an all-time high. I sold my 218 shares at 822p for a £233.44 (11.6%) loss because I was desperate to buy back into PAF:Pan African Resources after their recent drop. I bought 4,981 shares at 35.4958p costing £1,788.84, which helped make up for the ones I sold a few months ago. Unfortunately there's no other gold mining share I'd be happy buying at the moment, so if I want gold it has to all be PAF.

Big rise in value and even a small £155 rise in potential profit as the big fallers were loss-making and a few magic formula shares sneaked a little higher. Long term performance took a little dent, but I'm hoping it will be worth it.

The gap to orange is frustratingly narrow. It would be so nice to at least get above that so I'm not behind what I originally put in.

Only just above the trend line, but better than below it as we were last week.

That's it for this week. Will the microbiome momentum continue into next week, or will profit-takers spoil the rise? Will JLP:Jubilee Metals finally see the back of the big sellers and change direction? Will I be able to sell my AJ Bell PBX:Probiotix Health shares? Can't wait to find out.

Week 497 Review - Took some Pan African Resources profits and major holdings dropped again.

A fairly mixed week with my top two holdings falling, but my next 2 biggest gaining. It was looking like a reasonable week until JLP:Jubilee Metals dropped 0.25p in the last 15 minutes of trading and extended what would have been a very small £234 loss out to £1,776, although £700 of that was due to cashing in some profits. That was on the back of good news, so I can only hope it was a tree shake and it will head back up next week. The deficit between cost and value is now £127,961 and the deficit between injection amount and value is £55,061, with total portfolio value £112,352.

Worst performer was PAF:Pan African Resources, which dropped 16% after a profit warning and then interim results. I sold my original SIPP holding as soon as the profit warning was announced, but kept my larger holding.

AFC:AFC Energy have had a few good weeks, but it was back to normal this week with an 11% drop.

TRX:Tissue Regenix hasn't changed price for months, but dropped 9% this week for no obvious reason. It looks like the board are contemplating selling the company, which given my holding is down 62% would almost certainly mean me making a loss.

ARBB:Arbuthnot Banking had been heading upwards recently, but dropped 5% this week to go 10% down.

CWR:Ceres Power is a nightmare, and fell another 5% this week to go 37% down.

SAE:Simec Atlantis Energy drifted downwards 5% this week and are now 75% down.

ALU:Alumasc Group continued their upward progression after good results last week, and gained another 5% this week to go 74% up.

WHR:Warehouse REIT had a very rare good week, climbing 6% to go 24% down and change from orangered to orange.

CMCL:Caledonia Mining have completely ignored the recent rise in gold and have been flat, but a 7% increase this week puts them just 13% down.

Share of the Week is PBX:Probiotix Health, which went up an amazing 20% to 9p while my other microbiome shares dropped. It means my big dividend holding is still down 56%, but my small SIPP holding is up 10% and making £50 potential profit. My target to sell is 17p, which would be 100% profit and liberate £1000 to move to a magic formula share, however I may sell at 13.5p to liberate £800 because I could buy more IHP:Integrafin shares and increase that holding to £2,000.

Here's the ISA and shares portfolio after week 29 of year 10.

			Weekly Change
Cash	£56.04		-£4.44
Portfolio cost	£114,352.47		+£0
Portfolio sell value (bid price-commission)	£45,173.62	(-60.5%)	-£435.22
Potential profits	£0		+£0
Yr 10 Dividends	£109.23		+£0
Yr 10 Interest	£0.82		+£0
Yr 10 Profit from sales	£327.55		+£0
Yr 10 proj avg monthly profit	£56.72	(0.8%)	-£2.71
Total Dividends	£12,417.18		+£0
Total Interest	£7.62		+£0
Total Profit from sales	£17,602.85		+£0
Average monthly cash profit	£257.23	(3.6%)	-£0.55
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	35%		+0%

Cash dropped due to AJ Bell fees and portfolio value only dropped £435 thanks to the PBX:Probiotix Health rise.

Not great.

Fractionally above the trend line but following it down.

The SIPP looks like this after week 481 overall and week 13 of year 10.

			Weekly Change
Cash	£71.42		-£271.62
Portfolio cost	£125,833.13		+£979.77
Portfolio sell value (bid price - commission)	£67,050.96	(-46.7%)	-£1,341.20
Potential profits	£3,563.69		-£1,090.01
Yr 10 Dividends	£351.71		+£8.80
Yr 10 Interest	£1.25		+£0
Yr 10 Profit from sales	£2,609.31		+£702.41
Yr 10 proj avg monthly profit	£966.82	(14.1%)	+£175.15
Total Dividends	£16,468.36		+£8.80
Total Interest	£14.15		+£0
Total Profit from sales	£19,617.25		+£702.41
Average monthly cash profit	£312.23	(4.6%)	+£5.75
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	42%		+1%

Lots happened here. First there was my regular monthly investment where I bought 12 shares at 2030.1698p costing £245.12 in BHP:BHP Group. My holding is now up by 1% and making £2 potential profit. I'll probably invest in these for another 3 months to get my cost of purchase over £1,000.

I've been concerned about AAL:Anglo American Mining for a while now, as they are way down my magic formula ranking and struggling to sell of various bits of the company. I wanted to get cheap JLP:Jubilee Metals shares as I thought they were about to rocket, so I sold my 41 AAL shares at 2462.25p making a £17.31 (1.3%) loss, which becomes less of a loss if you include the £13.11 dividend. I used the proceeds to buy 26,050 shares in JLP at 3.878p costing £1,022.17. Needless to say they are now 3.7p to buy so I've lost money yet again. I should stress that the JLP purchase isn't long term, it's based on my conviction a re-rate will happen soon so I can sell them to move into dividend paying miners.

I sold my remaining AJ Bell PAF:Pan African Resources shares after the profit warning. I sold 3200 shares at 39.9165p making £719.73 (131.3%) profit. It was well timed as they ended the week at 35.35p. I will buy them back if they stay around that level. I bought more JLP:Jubilee Platinum shares with the proceeds, hoping to double my money to buy back into PAF. I bought 32,860 shares at 3.88p costing £1,279.97.

The result of all that was a big increase in year 10 projected profit and a more modest £5.75 a month increase in long-term performance. It's going to take some much, much bigger profits to get the long term figure anywhere near 10%.

I also got an £8 dividend from GAW:Games Workshop.

Value has been following cost upwards, but not at the same rate, as the gap is getting wider.

Below the trend line. Deeply depressing.

Morale boosted by a tick up in realised profits.

I hope I've done the right thing by piling into a load more JLP:Jubilee Metals shares in my SIPP. It goes against my magic formula policy, but I have no ready cash in my ISA, and couldn't let this potential opportunity slip. JLP are producing copper at Roan using high grade material which will allow them to exceed their original guidance that they had before the slide in share price following the power supply problems. That means they should at least return to the rate they were before that happened, which was 4.9p. Even that price would get me £800 profit on the shares I just bought, but I would hold out for 6.2p on one and 7.5p on the other, putting proceeds into CAM:Central Asia Metals, PAF:Pan African Resources, BHP:BHP Group and RIO:Rio Tinto.

My SIPP holding in JLP is now 235,342 shares costing £12,949, but if all my price targets are met between 6.2p and 10.6p I would get £7,706 profit and liberate £20,656 for magic formula shares. A 10.6p share price would also put my 335,780 ISA shares £14,193 in profit, but I want to keep those as 20p seems realistic for £45,756 potential profit. If they get that far then I'll hold long term for the dividend. although may top slice a few.

It's nice to dream.

Let's see what next week brings...

Week 496 Review - Small drop in value but some good gains in the SIPP.

A frustrating week where there were more big risers than big fallers, but the fallers were my biggest holdings and cancelled out the risers. The deficit between cost and value widened by £533 to £126,184 and the deficit between injection amount and value is now £53,988, with portfolio value at £113,424.

The biggest faller was FXPO:Ferrexpo, which is being taken to court in Ukraine and could be fined billions. They dropped 15% and are now 80% down, so even ending the war may not cause them to get back into profit.

CWR:Ceres Power had yet another bad week, falling 7% to go 34% down.

BPM:BP Marsh & Partners wasn't such a great magic formula buy, falling 6% to go 10% down already.

FOUR:4imprint had recently gone into profit, but fell 5% this week and are now only 5% up.

JLP:Jubilee Metals is my 2nd largest holding and fell 5% after placing another 52 million shares. However, I believe the fall will be short lived and wish I could add more, as the improved quality feed they have bought with the raise will make up for all the lost copper production and mean they will exceed guidance. When that happens I believe there will be a substantial re-rate upwards.

TLOU:Tlou Energy went up a whopping 27% this week, but I've removed it from my Share of the Week contest as it's subject to currency fluctuations and I'm not even sure how easily I could sell them if I wanted to.

ARBB:Arbuthnot Banking has been sliding since I bought them, but a 5% increase this week means they are only 10% down. They have slipped to 128th on my magic formula ranking, so I will sell at the earliest possible opportunity.

CAML:Central Asia Metals have been stuck for months now, but went up 5% this week. Still a long way to go to get back into profit though. My ISA holding is 43% down, although my biggest holding in the SIPP is only 7% down.

PAF:Pan African Resources continues with steady progress, and went up another 6% this week. My first holding is now up 142% and I regret selling half of it.

PBX:Probiotix Health snuck up 0.5p which is 7% and helped offset my losses, as this is a big holding.

AFC:AFC Energy reversed the recent trend and went up 8%, but they are still 46% down.

CORE:Solidcore Resources climbed 9% but are still 82% down and I still can't sell them unless they re-list in UK.

ALU:Alumasc Group went up 14% after good results and are now 66% up altogether and are a star magic formula share.

Share of the Week is ATYM:Atalaya Mining, which went up 15% and are now only 10% down. I'm a bit torn what to do with these if they go back into profit, as they are 169th in my magic formula ranking, so I should really sell them. Given CAML:Central Asia Metals are 6th, I should probably buy those instead. Same goes for AAL:Anglo American Mining, which are 323rd. I really shouldn't be owning them. I'm very tempted to sell AAL next week and put it into JLP:Jubilee Metals.

Here's the ISA and shares portfolio after week 28 of year 10.

			Weekly Change
Cash	£60.48		-£3.75
Portfolio cost	£114,352.47		+£0
Portfolio sell value (bid price-commission)	£45,608.84	(-60.1%)	-£694.50
Potential profits	£0		+£0
Yr 10 Dividends	£109.23		+£0
Yr 10 Interest	£0.82		+£0
Yr 10 Profit from sales	£327.55		+£0
Yr 10 proj avg monthly profit	£59.43	(0.8%)	-£2.80
Total Dividends	£12,417.18		+£0
Total Interest	£7.62		+£0
Total Profit from sales	£17,602.85		+£0
Average monthly cash profit	£257.78	(3.6%)	-£0.56
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	35%		+0%

Cash went down by monthly ISA fee and very little else happened other than the drop in value, mainly thanks to JLP:Jubilee Metals.

Down we go.

Back on the declining trend line

The SIPP looks like this after week 480 overall and week 12 of year 10.

			Weekly Change
Cash	£343.04		+£260.56
Portfolio cost	£124,853.36		+£0
Portfolio sell value (bid price - commission)	£67,412.39	(-46.0%)	+£161.03
Potential profits	£4,653.70		+£314.69
Yr 10 Dividends	£342.91		+£27.22
Yr 10 Interest	£1.25		+£0
Yr 10 Profit from sales	£1,906.90		+£0
Yr 10 proj avg monthly profit	£791.78	(11.6%)	-£67.83
Total Dividends	£16,459.56		+£27.22
Total Interest	£14.15		+£0
Total Profit from sales	£18,914.84		+£0
Average monthly cash profit	£306.48	(4.5%)	-£0.55
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	41%		+0%

Monthly savings were added but the shares will be bought next week so it's still in cash. I had a £27 dividend from AJB:AJ Bell and SIPP fees were taken from cash. Thanks to a good showing from most magic formula shares and less exposure to JLP:Jubilee Metals, the portfolio value went up a bit by £161 and potential profits went up £314.

An unexpected tick upwards.

As with the ISA, we're resting on the trend line which is not ideal.

Hoping if JLP:Jubilee Metals sorts itself out this chart will improve somewhat.

Given the JLP:Jubilee Metals share price only dropped 0.2p despite lots of selling when the placing was announced, I think that was a knee-jerk reaction. When you look at what it enables, they have just paid £2m for $30m worth of material, and have first dibs on more material at the same grade, which is twice the amount of copper as the existing feed. Given they have started processing it already, it's not going to take long to see real revenues, and once JLP is seen as a copper producer and not a Chrome/PGM producer, then I think that's when the re-rate will happen. If not, then I'll still be in deep misery and miles into the red.

Week 495 Review - Last week's gains obliterated by Jubilee Metals fall.

There were more shares down than up this week, but the ones that were up were well up. However a big drop in JLP:Jubilee Metals and a drop in OPTI:Optibiotix meant the deficit between cost and value widened by £3,856 to £125,651 and the deficit between injection amount and value widened to £53,461. Total portfolio value dropped to £113,701.

Biggest loser was FDM:FDM Group, which plummeted 16% after a trading update. This magic formula share has been a monumental disaster, dropping 28% in just the few weeks I have owned it. I think they are suffering the same problems as PAGE:Pagegroup, in that companies are not hiring staff. However if inflation and interest rates come down, I'd expect them to recover, and these are a long term investment.

TLOU:Tlou Energy dropped 15% and I suspect will continue to do so until they start selling electricity.

JLP:Jubilee Metals dropped 11%, which is particularly distressing given the number I bought over the last few weeks when I was convinced the recovery had begun. The institutional sellers seem to have finished, but someone is still selling. We need news of full coper production starting at Roan.

AAL:Anglo American Mining dropped 6% after it was confirmed BHP:BHP Group were no longer interested in buying them.

ALPH:Alpha Group has been a better behaved magic formula share, climbing 5% in my first full week and now 2% in profit.

CWR:Ceres Power also climbed 5%, but I suspect this won't last as they are so volatile.

FOUR:4imprint went up 5% and are now 10% in profit.

FXPO:Ferrexpo climbed 5% and are now only 76% down, so I may get to change their colour to crimson from red soon.

SAE:Simec Atlantis Energy went up 5% after completing a milestone at the Uskmouth energy storage site.

SCT:Softcat has been slipping lately, but went up 5% this week and is now only 2% down.

ARBB:Arbuthnot Banking had a reversal of fortunes and went up 6%, so these are now 14% down. They are outside my top 50 magic formula companies now, so I will sell them as soon as they are remotely profitable.

IPX:Impax Asset Management took a hammering after St James's Place withdrew one of their funds from management by IPX, but recovered 8% of the losses this week to win Share of the Week. They are still 51% down though.

Here's the ISA and shares portfolio after week 27 of year 10.

			Weekly Change
Cash	£64.23		+£0.05
Portfolio cost	£114,352.47		+£0
Portfolio sell value (bid price-commission)	£46,303.34	(-59.5%)	-£2,478.79
Potential profits	£0		+£0
Yr 10 Dividends	£109.23		+£0.05
Yr 10 Interest	£0.82		+£0
Yr 10 Profit from sales	£327.55		+£0
Yr 10 proj avg monthly profit	£62.23	(0.9%)	-£2.39
Total Dividends	£12,417.18		+£0.05
Total Interest	£7.62		+£0
Total Profit from sales	£17,602.85		+£0
Average monthly cash profit	£258.34	(3.6%)	-£0.52
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	35%		+0%

Very little change. The 5p dividend was from the BLU:Blue Star Capital consolidation from leftover shares. Big drop in value due to high exposure to JLP:Jubilee Metals.

I thought it would be too good to be true that things had started moving upwards.

Still just above the trend line

The SIPP looks like this after week 479 overall and week 11 of year 10.

			Weekly Change
Cash	£82.48		+£22.75
Portfolio cost	£124,853.36		+£0
Portfolio sell value (bid price - commission)	£67,251.36	(-46.1%)	-£1,377.25
Potential profits	£4,339.01		-£52.49
Yr 10 Dividends	£315.69		+£22.75
Yr 10 Interest	£1.25		+£0
Yr 10 Profit from sales	£1,906.90		+£0
Yr 10 proj avg monthly profit	£859.61	(12.6%)	-£76.10
Total Dividends	£16,432.34		+£22.75
Total Interest	£14.15		+£0
Total Profit from sales	£18,914.84		+£0
Average monthly cash profit	£307.03	(4.5%)	-£0.43
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	41%		+0%

I god a £22 dividend from IHP:Integrafin, and potential profits only dropped a little at £52 as the big drop in JLP:Jubileee Metals which wiped out all its potential profit was offset by rises in many of my profitable magic formula shares.

I'm still moderately encouraged that the green line isn't that far below orange.

I'm much less encouraged by dropping below the trend line

Still doing better than a year ago, but really need to flog those JLP:Jubilee Metals shares to give this a kick.

It still takes me by surprise that I'm finished at this point, as I still expect to have to do the trading account. Good riddance to that!

I was hoping JLP:Jubilee Metals was about to motor upwards and unlock all sorts of excitement in the SIPP, but it looks like my dreams have been dashed. I guess I should have known if I bought a load more at 4.7p it would be back at 4p by the following week! If all goes to plan I'll make £6,000 profit and liberate £16,600 for magic formula shares. It's just a shame nothing ever seems to go to plan.