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.