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.