Worst performer was CAML:Central Asia Metals which dropped 11% just after I'd bought a load. They gave a production update which had lowered expected production, and at the same time they are engaged in a price war over a new mine which they are likely to either lose or damage the company spending too much. I'm starting to get the jitters as to whether I really trust them to do the right thing any more.
AFC:AFC Energy dropped 10% which is probably profit taking after the last 2 weeks of massive rises.
BLU:Blue Star Capital continue to drop, and this week went down another 10%, but they are only 89% down so I still have to mention it. Hopefully they'll pass 90% down next week and I can stop writing about them.
TRX:Tissue Regenix continue their slide towards nothing. They fell 7% and are now 81% down.
CWR:Ceres Power had a great week last week, but as with AFC they dropped 6% this week probably due to profit taking.
JLP:Jubilee Metals continues the incredibly frustrating slide downwards, falling another 6% this week with no signs of respite. It's now back down around the level they were when they had no cash and were making no profit. I never thought we'd see these prices again.
OPTI:Optibiotix fell another 5% and I fell deeper into despair. I may never get my money back from this shambles.
SAE:Simec Atlantis Energy went up 5% but it appeared to be just the bid price that went up. They are still 75% down and I suspect still doomed.
ASHM:Ashmore Group have been steadily sneaking up, with another 6% rise this week, but they are still 40% down.
ATYM:Atalaya Mining went up 7% and are now 9% in profit.
TLOU:Tlou Energy zoomed up last week and went up another 9% this week. They are now only 12% down.
IES:Invinity Energy announced a deal to licence their batteries in China and went up 15% as a result, but they are still 84% down so I suspect I'll never get to break-even.
Share of the Week is PBX:Probiotix Health which unexpectedly zoomed up 33% on Friday. There's a trading update next week so maybe it's in anticipation of that, so it could be short lived as the sell on news brigade come out. My free shares are still 61% down on the price when I got them.
Here's the ISA and shares portfolio after week 50 of year 10.
| Weekly Change | |||
| Cash | £77.02 | +£0 | |
| Portfolio cost | £115,378.07 | +£0 | |
|
Portfolio sell value (bid price-commission) |
£39,554.09 | (-65.7%) | -£449.94 |
| Potential profits | £44.45 | +£29.70 | |
| Yr 10 Dividends | £180.12 | +£0 | |
| Yr 10 Interest | £1.45 | +£0 | |
| Yr 10 Profit from sales | £284.97 | +£0 | |
| Yr 10 proj avg monthly profit | £32.27 | (0.4%) | -£0.66 |
| Total Dividends | £12,488.07 | +£0 | |
| Total Interest | £8.25 | +£0 | |
| Total Profit from sales | £17,560.27 | +£0 | |
| Average monthly cash profit | £246.74 | (3.4%) | -£0.47 |
|
(Sold stocks profit + Dividends - Fees / Months) |
|||
| Compound performance | 34% | +0% |
Looks pretty flat
It's not pretty flat - it's just following the trend line
The SIPP looks like this after week 502 overall and week 34 of year 10.
| Weekly Change | ||||
| Cash | £166.45 | -£245.69 | ||
| Portfolio cost | £133,669.23 | +£2,672.30 | ||
| Portfolio sell value (bid price - commission) | £70,867.82 | (-47.0%) | -£40.68 | |
| Potential profits | £6,721.46 | +£497.19 | ||
| Yr 10 Dividends | £1,210.52 | +£38.40 | ||
| Yr 10 Interest | £3.12 | +£0 | ||
| Yr 10 Profit from sales | £2,764.16 | +£0 | ||
| Yr 10 proj avg monthly profit | £486.98 | (6.6%) | -£9.72 | |
| Total Dividends | £17,327.17 | +£38.40 | ||
| Total Interest | £16.02 | +£0 | ||
| Total Profit from sales | £19,772.10 | +£0 | ||
| Average monthly cash profit | £307.11 | (4.1%) | -£0.28 | |
| (Sold stocks profit + Dividends - Fees / Months) | ||||
| Compound performance | 40% | -1 |
I decided to split my £2,500 between one new company and two I already own.
The new company is N91:Ninety One which is 15th on my magic formula ranking. I'd been holding off because they were dropping in price. They have had a recent rise, but still only a P/E ratio of 7.6. I bought 540 shares at 188.67p costing £1,035.86. They dropped a few pence so are 4% down with spread and commission.
Next I topped up on CAML:Central Asia Metals, which was a big mistake as they tanked the day after. How do I manage to keep doing this? I bought 431 shares at 161.9149p costing £709.80 and they dropped to 146.2p the day after. My SIPP holding is now 4,767 shares costing £8,118 and I am losing £1,165.
Finally I topped up my holding in PAF:Pan African Resources. I was reluctant after their recent big rise, but looking at potential future production increases, I'm hoping they have further to go, and I'm still well in profit overall. I bought 1,574 shares at 50.813p costing £815.75. They almost immediately dropped back to 48p, but fortunately by Friday had climbed to 50.7p to sell, so about where they were when I bought them. My holding is now 12,712 shares costing £3,886 and they are making £2,546 (66%) potential profit. I may get some more in the future to increase my cost to around £5,000.
My monthly savings went through, buying 6 shares in FOUR:4imprint at 3667.8835p costing £222.67. That takes my holding to 33 shares costing £1,541 and they are losing £321 (21%), but the share price is creeping up and every time I buy I average down a bit more.
The portfolio sell value only dropped £40 and potential profits increased by £497, so a much better performance than the ISA. Dividends were £10 from GSK:GSK and £28 from PSN:Persimmon.
I like it when I inject more cash
Bang on the trend line
So what's likely to happen next week? If the PBX:Probiotix Health trading update is limp, then I'm likely to wave goodbye to all those gains. It's unlikely we'll get any news from OPTI:Optibiotix so little chance of salvation there, and at some point soon we'll see the details for the proposed sell-off of the JLP:Jubilee Metals South Africa operation, which will either make or break the company. My confidence levels are currently low for all these. At least I have one more dividend to look forward to. They are coming nearly every week now.
