A pretty dreadful week, especially for the SIPP which had a torrid time. The deficit between cost and value widened by £2,584 and wiped out the gains from the last few weeks. It now stands at £138,107 which I'm pretty sure is a record. The deficit between injection and value increased to £62,975 and total portfolio value dropped to £112,987.
The biggest faller was FDM:FDM Group which plummeted 40% after pretty dreadful results. I'm confident that the company is robust enough to weather the downturn, but the share price has been dropping continuously for some time now. This is a prime example of not buying a magic formula share unless it has positive share price momentum. I do think the price has dropped too far though, so may attempt to average down, but only once there's positive momentum.
IES:Invinity Energy dropped 13%. I'm not sure why, but if it drops another 2% it will be 90% down and at least I won't have to report on it any more.
PBX:Probiotix Health dropped 11% and will no doubt continue to slip until more news comes out.
PAGE:Pagegroup may have been hit by the recruitment malaise after FDM results, as they dropped 9% after a recent recovery.
TRX:Tissue Regenix went down 8% so I should have known the recent upwards spike was going to be short lived.
AFC:AFC Energy dropped 7% and are now below the 10p retail offer price, but I'm keeping my order in as it is pretty close and I don't have commission to pay.
UKW:Greencoat UK Wind dropped 7% and lost all recent momentum.
IHP:Integrafin soared on results the other week but dropped 6% this week possibly due to profit taking. I'm now only 2% up on these.
IPX:Impax Asset Management fell 5% after a recent rally and are 57% down.
SAE:Simec Atlantis Energy went up 6% for no obvious reason, but are still 78% down.
ARBB:Arbuthnot Banking went up 9% after reports suggesting they are undervalued. My holding is only 7% down now. I'll still be selling them if they get into profit, as they have fallen out of my magic formula top 50.
TLOU:Tlou Energy went up 9% bit it appears to be the usual volatile swings for no reason.
Share of the week is CWR:Ceres Power which went up 18% after announcing Doosan have started mass production of their fuel cells. My holding is still 47% down but I feel a little more hope now.
Here's the ISA and shares portfolio after week 1 of year 11.
| Weekly Change | |||
| Cash | £569.05 | -£4.06 | |
| Portfolio cost | £115,378.07 | +£0 | |
| Portfolio sell value (bid price-commission) | £39,429.49 | (-65.8%) | -£672.42 |
| Potential profits | £118.70 | +£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 | £0 | (0%) | +£0 |
| Total Dividends | £12,488.07 | +£0 | |
| Total Interest | £8.57 | +£0 | |
| Total Profit from sales | £17,560.27 | +£0 | |
| Average monthly cash profit | £245.28 | (3.4%) | -£0.48 |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Compound performance | 34% | +0% |
Cash only went down because I balanced what's actually in the account, so it's got £4 out over the months. Price drops wasn't as bad as the SIPP partly due to the big rise in CWR:Ceres Power and TLOU:Tlou Energy, and BOKU:Boku continued to edge upwards adding £19 to potential profits.
Pretty flat
Below the trend line
The SIPP looks like this after week 505 overall and week 37 of year 10.
| Weekly Change | ||||
| Cash | £423.70 | +£294.05 | ||
| Portfolio cost | £134,724.72 | +£0 | ||
| Portfolio sell value (bid price - commission) | £72,565.64 | (-46.1%) | -£1,911.66 | |
| Potential profits | £6,937.34 | -£223.87 | ||
| Yr 10 Dividends | £1,296.31 | +£44.05 | ||
| Yr 10 Interest | £3.96 | +£0 | ||
| Yr 10 Profit from sales | £3,681.12 | +£0 | ||
| Yr 10 proj avg monthly profit | £564.64 | (7.6%) | -£10.38 | |
| Total Dividends | £17,412.96 | +£44.05 | ||
| Total Interest | £16.86 | +£0 | ||
| Total Profit from sales | £20,689.06 | +£0 | ||
| Average monthly cash profit | £313.87 | (4.2%) | -£0.24 | |
| (Sold stocks profit + Dividends - Fees / Months) | ||||
| Compound performance | 41% | +0 |
I added my £250 monthly savings and got £4 dividend from ATYM:Atalya Mining and £39 from TRY:PR Property Investment. Massive drop in value as virtually everything fell, and PBX:Probiotix Health and JLP:Jubilee Metals made up a big chunk of the losses.
Potential profits also lost £223, with IHP:Integrafin contributing most of that, but several shares that were in profit dropped back to loss this week.
Proper dip
I knew we wouldn't stay above the trend line for long. Now right back on it.
I thought maybe things had turned around, but last week was horrible. Results were pretty poor for a few of my magic formula shares, and OPTI:Optibiotix stayed flat despite a positive trading update on Monday. I think most investors have got wise to the likelihood that nothing is going to happen for years yet, and are waiting for evidence that someone is using Sweetbiotix. The most exciting thing next week is getting my POLR:Polar Capital dividend, which should be around £225 so I might just buy something with it, as I should also get around £36 from N91:Ninety One and there's a bit of cash in the account too. I won't be adding any more cash after stumping up £500 for the AFC:AFC Energy retail offer.
