A horrible week, with drops in my biggest holdings and a big slump on Friday across the board. The deficit between cost and value widened by £3,138 to £145,756 and the deficit between injection and value rose to £66,231. Total portfolio value dropped to £112,851.
The biggest faller was my biggest holding OPTI:Optibiotix, which dropped 13% to just 8.7p. There is no hope for any improvement in my portfolios performance unless OPTI can get back close to break-even at 60p, and there's currently no sign of anything that's likely to do that.
BEZ:Beazley fell 6% just after I bought some more, and went from almost going ono profit, to 6% down.
POLR:Polar Capital have had a great run recently, but fell 5% this week. Fortunately both my holdings are still in profit.
FXPO:Ferrexpo climbed 20% as part of their usual yo-yo, and so are only 88% down now, so I have to report on price movements again. They don't warrant Share of the Week consideration though.
GGP:Greatland Resources continued to rise, gaining 5% this week to go 51% up. Unfortunately my other gold miners had much smaller rises this week, despite gold soaring to new heights.
N91:Ninety One went up 5% and are now 12% in profit.
YU.:Yu Group zoomed up 10% this week and are now back to break-even, so hoping for a profitable move next week.
CWR:Ceres Power climbed 15% and are now 5% in profit after being in severe loss just a few weeks ago. Shame I didn't buy any more.
Share of the Week is PBX:Probiotix Health, which went up 17%. I'm still down 66% but hopefully these will get a bit of momentum now. You would think as the biggest shareholder in PBX, OPTI would have responded positively to this, but no.
Here's the ISA and shares portfolio after week 12 of year 11.
| Weekly Change | |||
| Cash | £86.80 | +£0 | |
| Portfolio cost | £116,208.30 | +£0 | |
| Portfolio sell value (bid price-commission) | £36,150.12 | (-68.9%) | -£1,199.25 |
| Potential profits | £369.35 | +£70.46 | |
| Yr 11 Dividends | £8.90 | +£0 | |
| Yr 11 Interest | £0.72 | +£0 | |
| Yr 11 Profit from sales | -£61.90 | +£0 | |
| Yr 11 proj avg monthly profit | -£26.01 | (-0.4%) | +£2.36 |
| Total Dividends | £12,496.97 | +£0 | |
| Total Interest | £9.29 | +£0 | |
| Total Profit from sales | £17,498.37 | +£0 | |
| Average monthly cash profit | £239.63 | (3.3%) | -£0.45 |
| (Sold stocks profit + Dividends - Fees / Months) |
Big drop in value, but surprisingly a £70 increase in potential profits, with last week's purchase AMRQ:Amaroq climbing 2%, BOKU:Boku dropping 2%, and CWR:Ceres Power leaping 145% to go 5% into profit. After years with £0 potential profit in the ISA, that's a step in the right direction.
Grim
Not quite a record low, but very close to it.
The SIPP looks like this after week 516 overall and week 48 of year 10.
| Weekly Change | ||||
| Cash | £1,078.52 | -£34.04 | ||
| Portfolio cost | £141,233.78 | +£762.60 | ||
| Portfolio sell value (bid price - commission) | £75,535.71 | (-46.5%) | -£1,939.07 | |
| Potential profits | £7,268.90 | -£834.67 | ||
| Yr 10 Dividends | £1,696.45 | +£0 | ||
| Yr 10 Interest | £7.80 | +£0 | ||
| Yr 10 Profit from sales | £7,658.57 | +£717.62 | ||
| Yr 10 proj avg monthly profit | £825.69 | (10.8%) | +£48.60 | |
| Total Dividends | £17,813.10 | +£0 | ||
| Total Interest | £20.70 | +£0 | ||
| Total Profit from sales | £24,666.51 | +£717.62 | ||
| Average monthly cash profit | £343.50 | (4.5%) | +£5.38 |
I decided to spread the risk of my gold holding and also cash in some profit, so I sold 1,200 shares in PAF:Pan African Resources at 92.2839p making £717.62 (184.1%) profit. I used that to buy 1,229 shares in AMRQ:Amaroq at 90.85p costing £1,128.50. I'm happy to say they ended the week at 94p and are £14 in profit, whereas PAF dropped to 90.3p so my timing was better than usual. AMRQ isn't strictly a share I should be buying in the SIPP as it pays no dividend, but I'm confident they will start paying one fairly soon if production continues to increase.
Given I took out some profit, the potential profit effectively fell by £117 on top of that. The portfolio dropped a big £1,939, but year 10 performance is looking really good. Even if I sell nothing else in the next 4 weeks, I will end up making 9.9%. It's just a shame that previous years were so bad so the long term average is still only 4.5%. It is however difficult to maintain that performance given I'm adding so much cash to the portfolio each year.
This chart doesn't look too bad.
This chart looks much worse, and like the ISA we're very close to a record low. As I've mentioned before, this is all down to a very small number of companies spoiling the picture for the ones that are doing well.
The only chart I like to look at.
This chart doesn't look too bad.
This chart looks much worse, and like the ISA we're very close to a record low. As I've mentioned before, this is all down to a very small number of companies spoiling the picture for the ones that are doing well.
The only chart I like to look at.
I'm expecting some big dividends next week, with CAML:Central Asia Metals and KNOS:Kainos Group paying out. I'm not expecting any other news, and have a feeling that if there is anything, it won't be good. A similar drop to this week would put me at an all-time low, so the painful decline which has been going on for around 2 years is showing no sign of letting up.
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