The only big loser this week was OPTI:Optibiotix which fell 11% and reduced the week's gains by around £1,500. It seems odd that in a week it's shareholding in SBTX:SkinBioTherapeutics increased by almost £1 million, it still lost significant value. It's not surprising that despite having a vast amount of money to spend this week, not a penny of it went on OPTI.
ASHM:Ashmore Group went up 5% as my holding is now 33% down making loss of £333.
AMRQ:Amaroq went up 7% despite concerns that Trump might invade Greenland. Those concerns caused me to sell my SIPP holding, which I'm very annoyed about, but AMRQ is not a company that qualifies for my new SIPP rules so I should only hold it in my ISA.
EDV:Endeavour Mining ended up gaining by 6% but was up by double that until a pull-back on Friday. My holding is still up 4% and making £123 potential profit.
RAT:Rathbones rather frustratingly climbed 6% as I am buying my last tranche on Monday. My holding is up by 10% and making £92 potential profit.
SCT:Softcat has been sliding recently but staged an 8% recovery this week. My holding is still down by 8% and making a £102 loss.
TLOU:Tlou Energy went up 8%, but I think I will stop reporting on their movements. Although they are only 38% down, there are wild swings every week so I end up reporting on them every week. From now on I will only mention very significant moves.
JLP:Jubilee Metals continued a gradual improvement and went up 9%. Given my holding is very big, that accounted for a lot of the gains this week. I'm still around 50% down altogether, but some of my SIPP holdings that I intend to sell are now only 19% down.
CKN:Clarkson gave a positive trading statement and went up 10%, so my holding is now up 15% and making £180 potential profit.
FOUR:4imprint have had a huge turnaround and went up by 11% this week. I'm very glad I doubled my holding when their price crashed, as I reduced my average price from 5200p to 4084p and am now within £3 of going into profit.
GGP:Greatland Resources had yet another great week, increasing by 11% to go 110% up and making £1,349 potential profit.
AFC:AFC Energy seem to be popular again, and went up 12% this week. My holding is still 24% down and losing £501, but that's a much better place than before.
CWR:Ceres Power is one of my very recent purchases after sacrificing BOKU:Boku last week to buy back in. It appears to have been well timed, as they went up by 17% this week, with my holding up by 19% and making £215 potential profit.
Share of the Week was SBTX:SkinBioTherapeutics, which zoomed up a massive 27%. My largest holding is now only 5% down making a £274 loss. I still hold some in my SIPP that I want to sell, but they are down by 40% so I need them to almost double before I can sell.
Here's the ISA and shares portfolio after week 24 of year 11.
| Weekly Change | |||
| Cash | £95.54 | -£3.49 | |
| Portfolio cost | £116,875.69 | +£0 | |
| Portfolio sell value (bid price-commission) | £39,800.46 | (-65.9%) | +£2,252.70 |
| Potential profits | £654.34 | +£264.11 | |
| Yr 11 Dividends | £69.36 | +£0 | |
| Yr 11 Interest | £0.76 | +£0 | |
| Yr 11 Profit from sales | £527.06 | +£0 | |
| Yr 11 proj avg monthly profit | £100.05 | (1.4%) | -£5.01 |
| Total Dividends | £12,557.43 | +£0 | |
| Total Interest | £9.33 | +£0 | |
| Total Profit from sales | £18,087.33 | +£0 | |
| Average monthly cash profit | £239.33 | (3.3%) | -£0.47 |
| (Sold stocks profit + Dividends - Fees / Months) |
Nothing much happened, other than a big jump in value and an increase in potential profits of £264 as AMRQ:Amaroq and CWR:Ceres Power both went up significantly. Unfortunately TRU:Trufin dropped 3% else it would have been even better.
Nice, although the gap between injection and value is still vast and bigger than it was 12 months ago.
This might be the highest we've been above the trend line for a long while.
The SIPP looks like this after week 528 overall and week 8 of year 11.
| Weekly Change | ||||
| Cash | £1,116.86 | +£82.04 | ||
| Portfolio cost | £147,197.32 | +£3,393.27 | ||
| Portfolio sell value (bid price - commission) | £86,026.90 | (-41.6%) | +£443.37 | |
| Potential profits | £12,159.99 | +£290.23 | ||
| Yr 11 Dividends | £407.85 | +£98.70 | ||
| Yr 11 Interest | £6.07 | +£5.93 | ||
| Yr 11 Profit from sales | £1,544.02 | +£743.28 | ||
| Yr 11 proj avg monthly profit | £1,040.62 | (13.1%) | +£365.92 | |
| Total Dividends | £18,628.05 | +£98.70 | ||
| Total Interest | £26.77 | +£5.93 | ||
| Total Profit from sales | £26,210.53 | +£743.28 | ||
| Average monthly cash profit | £354.61 | (4.5%) | +£6.17 |
First of all I sold my SIPP holding in AMRQ:Amaroq of 1,814 shares at 110.2p making £347.04 (21%) profit. I didn't really want to sell, but remember what happened to FXPO:Ferrexpo when Russia invaded Ukraine. I am keeping my ISA holding though. I wanted to stay in gold, and so invested in the biggest FTSE gold company EDV:Endeavour Mining. I added 52 shares at 3812.436p costing £2,004.33. That took my total holding to 87 shares at an average of 3688.82p costing £3,249 and making £123 potential profit.
Next I received my pension transfer, and as I had already planned what to do with it last week, I was able to invest it straight away. First I bought 75 shares in HSX:Hiscox at 1409.8872p costing £1,069.37. They dropped 1% from my purchase price by the end of the week.
I then bought 22 shares in MGNS:Morgan Sindall Group at 4724p costing £1,056.43. They climbed 4% by the end of the week and are already making £15 potential profit.
Lastly I bought 79 more shares in BPM:BP Marsh & Partners at 685.2p costing £553.26. That takes my holding to 228 shares at an average price of 692.39p which are 4% down and making a £64 loss.
CAML:Central Asia Metals has always been one of my favourite companies, and I bought big over the last year to make it one of my largest holdings. I am however becoming less enamoured with the current leadership. Their SASA zinc/lead mine is losing money, and their copper leaching at Kounrad only has about 4 more years to run. They got caught in a bidding war for an American copper company way outside their jurisdiction, halved the dividend, and are spending cash exploring for copper in Aberdeen. All of these are red flags, so I decided to significantly reduce my holding.
First I sold 550 shares at 188.128p making £116.36 (12.6%) profit. I want to stick with copper so bought 116 shares in ATYM:Atalya Mining because they had recently dropped by 15% from an all-time high, and I've owned them before despite being 177th in my magic formula ranking. Copper is soaring so their profits should too. I bought them at 868.702p costing £1,019.64 and they went up 2% by the end of the week and are almost in profit.
The next day RIO:Rio Tinto announced they were merging with GLEN:Glencore and the price dropped. I've recently increased my holding in RIO and saw this as an opportunity, so sold another 1,100 CAML shares at 190.2413p making £279.87 (15.4%) profit. I bought 33 shares in RIO at 6107.4985p costing £2,037.50. That takes my RIO holding to 116 shares at an average price of 5266.18p costing £6,199. They are up by 12% making £761 potential profit and have paid £185 dividends.
As a result of taking £743 profit, the increase in value was only £443, and I have far less JLP:Jubilee Metals and SBTX:SkinBioTherapeutics in my SIPP. The sales did push Year 11 projected profits to 13%, but we are only on week 8 so I doubt I'll keep it up. Long term profit didn't budge at 4.5%, but that's based on percentage of portfolio injection amount, which went up £2,400 this week.
I got £5 interest from AJ Bell and £98 dividend from POLR:Polar Capital.
The green line is definitely chasing the orange, even though orange is trying to run away. Crossing that line would be a huge morale boost.
Less impressive as we're not much higher than last week, but still well above the trend line.
Enough profit to keep us above the trend line, but how long can I keep that up?
The green line is definitely chasing the orange, even though orange is trying to run away. Crossing that line would be a huge morale boost.
Less impressive as we're not much higher than last week, but still well above the trend line.
Enough profit to keep us above the trend line, but how long can I keep that up?
So, I still have 5,140 shares in CAML:Central Asia Metals in my SIPP costing £8,528 and I reckon I want to get it down to only holding £3,000 worth of shares. That gives my £5,500 to play with over the next few weeks. My AJ Bell holding is only 2% down and will liberate around £900 if I sell them when they get to break even. I need that to allow myself another 4 months of regular investments. The rest are in my Hargreaves Lansdown account where I can't use the proceeds for regular investments so need to re-invest.
I should definitely keep it in copper, but have already bought as much RIO:Rio Tinto as I want. However I may buy some more if the price drops again. I may buy some more ATYM:Atalya Mining, but should I consider ANTO:Antofagasta given they are ranked 224 on my magic formula list and are at what appears to be a very high valuation. I think not. The other option is to move it to gold.
I think I'll retain it in CAML until I get an opportunity to buy something cheap. That strategy does rely on CAML continuing to rise, but I don't see copper dropping any time soon.
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