Worst performer was ASHM:Ashmore Group dropping 11%, but a big chunk of
that was going ex-dividend.
Next worst was SCT:Softcat, but that also went ex-dividend this week and
dropped 8%.
My newest share, purchased with proceeds from selling CWR:Ceres Power is
TRU:Trufin, and while CWR shot upwards, TRU dropped 6% as soon as I bought
them.
UKW:Greencoat UK Wind also slipped 6% as they remain out of favour.
YU.:Yu Group also dropped 6% this week for no obvious reason.
BOKU:Boku, IES:Invinity Energy, N91:Ninety One, RIO:Rio Tinto and SBRE:Sabre
Insurance all dropped 5%.
The only share that rose by 5% or more is AMP:Ampeak Energy, climbing 9%. I'm
very reluctant to award this dog Share of the Week, but I have worse
performers so I suppose I should.
Here's the ISA and shares portfolio after week 15 of year 11.
| Weekly Change | |||
| Cash | £94.91 | -£4.07 | |
| Portfolio cost | £116,758.09 | +£549.79 | |
| Portfolio sell value (bid price-commission) | £36,011.85 | (-69.2%) | -£836.36 |
| Potential profits | £93.95 | -£441.17 | |
| Yr 11 Dividends | £25.32 | +£0 | |
| Yr 11 Interest | £0.74 | +£0.02 | |
| Yr 11 Profit from sales | £487.56 | +£549.46 | |
| Yr 11 proj avg monthly profit | £140.37 | (1.9%) | +£158.89 |
| Total Dividends | £12,513.39 | +£0 | |
| Total Interest | £9.31 | +£0.02 | |
| Total Profit from sales | £18,047.83 | +£549.46 | |
| Average monthly cash profit | £242.880 | (3.3%) | +£3.97 |
| (Sold stocks profit + Dividends - Fees / Months) |
As I mentioned earlier, I sold my CWR:Ceres Power shares. I thought my reasoning was sound - they had rocketed about 600% in a fairly short amount of time but are still years away from profit. How was I supposed to know they would announce a new deal with Weichai and soar even higher? I sold my 698 shares for 297.1506p making £549.46 (36%) profit, but if I held out for a few more days I could have sold them for 397p and made £1,246 (82%) profit. I sometimes wonder if I'm cursed.
I used half the proceeds of the sale to top up on JLP:Jubilee Metals and buy another 31,347 at 3.19p costing £1,004.97. They dropped in price just after I bought them. I now have 395,921 shares in my ISA costing £23,407.
The other half was used to buy a new magic formula share using my ISA magic formula for potential growth companies. I bought 972 shares in TRU:Trufin at 109p costing £1,064.48. They are an investment company that specialise in startup companies. They are 14th on my magic formula ranking with a high gross margin, excellent growth in both the last 12 months and over 5 years, but have a higher debt to equity than I'd like. They come 6th if I remove the debt measure.
Given I took a load of profit, the fact the portfolio value only fell an additional £287 is mainly due to OPTI:Optibiotix and JLP:Jubilee Metals both being flat. These days it's a happy week when they don't go down, especially as I anticipated some profit taking from JLP after rising 18% last week. I think that did happen, but in mid-week after the price had gone up some more, then dropped back to where it started (just after I bought some).
Potential profits were hammered as I lost everything against CWR, AMRQ:Amaroq went back to loss and BOKU:Boku dropped 5%.
At least I'm no longer showing negative profit for year 11, but the sale made virtually no difference to long term profits.
Pretty flat
Back below the trend line.
A very welcome tiny ripple in the downward slope.
Cash went up as my monthly savings were added, but the shares will be bought next week. £946 drop in value as nearly everything fell, and most of the £311 drop in potential profits was due to N91:Ninety One and RIO:Rio Tinto dropping 5%. I had a £42 dividend from ALU:Alumasc and £14 from PSN:Persimmon. Looking good for year 10 performance when we reach the end of the year next week. It will be above my 10% target thanks to the magic formula.
Looks quite flat.
Looks less flat and below the trend line.
Still above the trend line, happy days.
So, I guess I should reflect on having my biggest ever deficit between cost and value. I need to keep reminding myself that the situation is due to a small number of shares I've held for a very long time and that are at their lowest valuations. The problem is they could go lower, and I also have several time bombs waiting to go off with companies that will almost certainly go bust.
Pretty flat
Back below the trend line.
A very welcome tiny ripple in the downward slope.
The SIPP looks like this after week 519 overall and week 51 of year 10.
| Weekly Change | ||||
| Cash | £1,482.18 | +£290.05 | ||
| Portfolio cost | £141,745.32 | +£0 | ||
| Portfolio sell value (bid price - commission) | £74,859.16 | (-47.2%) | -£946.75 | |
| Potential profits | £6,870.65 | -£311.67 | ||
| Yr 10 Dividends | £2,082.97 | +£56.71 | ||
| Yr 10 Interest | £7.80 | +£0 | ||
| Yr 10 Profit from sales | £7,658.57 | +£0 | ||
| Yr 10 proj avg monthly profit | £808.28 | (10.5%) | -£12.69 | |
| Total Dividends | £18,199.62 | +£56.71 | ||
| Total Interest | £20.70 | +£0 | ||
| Total Profit from sales | £24,666.51 | +£0 | ||
| Average monthly cash profit | £344.57 | (4.5%) | -£0.33 |
Cash went up as my monthly savings were added, but the shares will be bought next week. £946 drop in value as nearly everything fell, and most of the £311 drop in potential profits was due to N91:Ninety One and RIO:Rio Tinto dropping 5%. I had a £42 dividend from ALU:Alumasc and £14 from PSN:Persimmon. Looking good for year 10 performance when we reach the end of the year next week. It will be above my 10% target thanks to the magic formula.
Looks quite flat.
Looks less flat and below the trend line.
Still above the trend line, happy days.
So, I guess I should reflect on having my biggest ever deficit between cost and value. I need to keep reminding myself that the situation is due to a small number of shares I've held for a very long time and that are at their lowest valuations. The problem is they could go lower, and I also have several time bombs waiting to go off with companies that will almost certainly go bust.
KIBO:Kibo Energy is suspended and will never likely return, so my ISA will lose £2,635 from long term performance, and I don't have anything to sell to make that up.
In the SIPP I have TRX:Tissue Regenix which is also suspended and in dire trouble, with dodgy accounting having been exposed and a massive cash crisis. When they de-list I will lose £3,437 from my SIPP performance. I do have shares I could sell to counter the drop in performance, but I would need to sell most of PAF:Pan African Resources to do that, and I really don't want to miss out on the massive dividend just before Christmas.
In the SIPP I have TRX:Tissue Regenix which is also suspended and in dire trouble, with dodgy accounting having been exposed and a massive cash crisis. When they de-list I will lose £3,437 from my SIPP performance. I do have shares I could sell to counter the drop in performance, but I would need to sell most of PAF:Pan African Resources to do that, and I really don't want to miss out on the massive dividend just before Christmas.
The only other thing that could save me in both my ISA and SIPP is a surge in JLP:Jubilee Metals. That could generate enough profit to counter the losses from both of these, but I had rather hoped to keep them long term in my ISA and use them to boost my SIPP profits rather than just protect them.
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