Week 550 Review - Dreadful week for the ISA, great week for the SIPP, ended up flat.

This week was kind of flat, but taking some profits meant the deficit between cost and value widened by £886 to £136,578, and deficit between injection and value increased a fraction to £48.990. Total portfolio value only fell around £100 to £133,778. It was a tale of two portfolios though, with the ISA crashing and the SIPP leaping.

Worst performer for the 2nd week in a row was SBTX:SkinBioTherapeutics, which dropped 59% after it was revealed that the CEO was being investigated for mis-reporting revenues. This was on top of last week's 39% drop, which has sent my holding down by around 78% when they were fairly close to break-even just 2 weeks ago. All I can hope is that they get to the bottom of the issue and that it doesn't affect the fundamental promise of the company.

My next worst performer was a bit of spectacularly bad timing. Although I haven't anywhere near finished re-doing my AIM magic formula ranking, DXRX:Diaceutics scored very well and was right near the top. They appeared to have good momentum and had forecast being profitable in 2026. They had recently shot up after a big drop, and I figured momentum was with them and now was a good time to buy, so I did. I was wrong, and they promptly fell 12% for no reason I could fathom. They do seem to have a history of volatile price movements, so I just hope they reverse this drop soon.

FDM:FDM Group continue to slide. They fell another 10% this week to go 56% down, but I think it's way over-done and will hold for when people start hiring staff again.

AMRQ:Amaroq announced they were moving from AIM to the LSE main market and de-listing from the Canadian market. I thought that was good news, but it resulted in loads of sales and the price dropped 8%. I took advantage of the drop and bought some in my SIPP, as I reckon this qualifies now it's moving off AIM and will hopefully soon be paying a dividend.

IHP:Integrafin was profitable and doing well a few weeks ago, but has been slipping and dropped 5% this week to go 8% down. I won't be buying any more though, as they have slipped out of the top 30 ranking.

IPX:Impax Asset Management dropped 5% so any hopes I had of these staging a recovery have been put on hold.

JLP:Jubilee Metals gave what I thought were pretty good results in their operational update, but still fell 5%. I don't know if it's because no financial figures were mentioned, but there was good growth in production so I really thought it would trigger some recovery, but no.

CAML:Central Asia Metals had another steady week, climbing 5% to go 39% up in my SIPP with £949 potential profit.

GAW:Games Workshop also rose 5% and the top-up from last week is now contributing to potential profits of £893 as my holding is up by 40%.

PRU:Prudential crashed unexpectedly last week, but recovered 6% this week to go 15% up with £166 potential profit.

ATYM:Atalya Mining went up 8% and although they are still below what I paid in the recent placing, they are in the black by 5% and back into potential profit of £156.

PBX:Probiotix Health recovered 8% after distancing themselves from the antics at SBTX:SkinBioTherapeutics. My holding is still down by 66% though and losing around £13,500.

AMP:Ampeak Energy went up 11% but are still 62% down and losing £623.

PAF:Pan African Resources is really my star share, and went up another 16% after results, so my holding is up by 449% and making £7,950 potential profit. Imagine if I hadn't sold so many on the way up!

I really thought AFC:AFC Energy were going to win Share of the Week as they continue to charge upwards after the announcement of the JV to modify diesel engines to run on ammonia and hydrogen. They went up another 21% this week and my holding is only 1% down with a loss of just £20. Will it go into profit next week or will the profit-takers strike?

The unexpected Share of the Week is W7L:Warpaint London, which zoomed up 29% on the back of last week's trading update. My holding went into profit and is 16% up making £186 potential profit. A very rare bit of good timing.

Here's the ISA and shares portfolio after week 30 of year 11.

			Weekly Change
Cash	£107.02		+£19.29
Portfolio cost	£117,391.60		+£515.91
Portfolio sell value (bid price-commission)	£38,558.23	(-67.2%)	-£2,931.78
Potential profits	£379.44		-£659.36
Yr 11 Dividends	£69.36		+£0
Yr 11 Interest	£0.85		+£0.05
Yr 11 Profit from sales	£1,066.50		+£539.44
Yr 11 proj avg monthly profit	£156.22	(2.1%)	+£74.59
Total Dividends	£12,557.43		+£0
Total Interest	£9.42		+£0.05
Total Profit from sales	£18,626.77		+£539.44
Average monthly cash profit	£240.07	(3.3%)	+£3.78
(Sold stocks profit + Dividends - Fees / Months)

When I said I was going to have a quiet week, I lied. Partly due to discovering DXRX:Diaceutics and partly due to JP Morgan appearing to borrow a load of CWR:Ceres Power shares presumably to support shorting activity, I decided to sell CWR. I sold my 538 shares at 309.8408p making £539.44 (48.5%) profit. I bought 643 shares in DXRX at 167.8p costing £1,083.95 and I planned to keep the rest to buy back into CWR when they next drop significantly. However, when AMRQ:Amaroq announced they were moving to the main market, I bought 490 shares at 112.1333p costing £554.45. I don't fancy playing games with shorters for CWR, as it's going to be a stressful ride.

Even without me taking profits, the portfolio value would still have dropped over £2,000, mainly due to all my biggest holdings dropping and the massive collapse in the SBTX:SkinBioTherapeutics share price, but it's the first time I've sold anything for a profit in a while.

Annoying that the upwards surge was so short lived.

Virtually back down to the trend line.

A teensy tick up but not enough to get back to the position I was in 12 months ago.

The SIPP looks like this after week 534 overall and week 14 of year 11.

			Weekly Change
Cash	£1,412.71		-£3.59
Portfolio cost	£151,445.09		+£244.48
Portfolio sell value (bid price - commission)	£93,700.24	(-38.1%)	+£2,057.00
Potential profits	£16,499.17		+£2,424.82
Yr 11 Dividends	£500.16		+£0
Yr 11 Interest	£6.26		+£0.19
Yr 11 Profit from sales	£5,762.12		+£244.80
Yr 11 proj avg monthly profit	£1,921.31	(24.1%)	-£67.50
Total Dividends	£18,720.36		+£0
Total Interest	£26.96		+£0.19
Total Profit from sales	£30,428.63		+£244.80
Average monthly cash profit	£385.40	(4.8%)	+£1.23

A great week for the SIPP, climbing in value by over £2,000 even though I took £244 profits. Once again I fibbed about having a quiet week, but that was directly caused by the announcement that AMRQ :Amaroq is moving off AIM to the main market. I had to get some in my SIPP.

First I sold HSX:Hiscox because although still in the top 50 in my magic formula, it's only just in the top 50. I sold my 75 shares at 1445.5756p and made a stunning £5.87 (0.5%) profit. I didn't mind because I was just liberating finds for AMRQ. I also sold another 15 shares in RIO:Rio Tinto at 7108.5132p and made £238.94 (28.8%) profit. That still leaves me with 55 shares and a value of £3,904, so I won't want to sell any more.

I used the proceeds to buy 2,027 shares in AMRQ at 104.75p costing £2,132.23. I'm happy to say they recovered to 107p by the end of the week, so my new holding is £27 in profit.

This account wasn't impacted as badly by the drops in JLP:Jubilee Metals, OPTI:Optibiotix and SBTX:SkinBioTherapeutics, in fact potential profits went up a massive £2,424, so it was a really good week.

Although a good week, it wasn't quite good enough to take us back above the injection line, but we're almost touching it.

A welcome reversal of last week's drop, and the trend line is pretty close to going flat.

Just enough profit to keep the long-term performance flat and still comfortably above the trend line.

JLP:Jubilee Metals staged a late surge after the bell on Friday, but too late to impact the bid price I use for my valuation. I don't know if it will immediately drop back again on Monday, or if we have finally got to the point where it starts going up. The value of the JLP operation massively exceeds the share price, and I really think the time has come for it to start climbing. If it does start breaking out, then my SIPP will liberate £18,700 for investing in magic formula shares and make £6,860 profit. That same rise to 11.5p would mean my ISA holding would be worth £45,500 and be making £22,000 potential profit. Even with all my microbiome shares in the depths of despair, that would massively improve my outlook. Here's to JLP hitting 11.5p.

I guess I should also mention that if it ever gets to the same value as PAF:Pan African Resources at 167p, then my ISA holding would be worth £661k and I could afford to retire!

Week 549 Review - Disastrous end to the week as SkinBioTherapeutics CEO resigns and my SBTX and Optibiotix shares plummet.

This week went rapidly downhill towards the end and resulted in one of my worst weeks for a while. The deficit between cost and value widened by a whopping £7,284 to £135,703. The deficit between injection and value increased to £48,892 and total portfolio value fell to £133,876. Just as I thought things were turning around, we're sinking like a brick once more.

Worst performer was SBTX:SkinBioTherapeutics, which dropped 39% on Friday after the CEO resigned, but it turns out he had been suspended by the board as they carried out an investigation into his conduct. This was my only microbiome share that was looking like it would get to break even, and now even my best holding is down 45%.

There was an immediate drop in OPTI:Optibiotix after the SBTX news, as that fell 16% and contributed to a big chunk of the weeks losses. I thought this had some upwards momentum now, but we're right back at recent lows with no sign of anything happening to change that. I don't think this is going anywhere unless we move to profitability, which may still be several years away.

PRU:Prudential dropped a massive 10% and halved my potential profits in a week. I don't know why, as they don't seem to have any links to the AI sell-off. They do have a competitor that reported underwhelming performance, so it may be linked to that.

THX:Thor Explorations is one of my new magic formula shares, purchased on Monday. They promptly dropped by 8% despite my other gold shares going up this week. That did enable me to buy some more. Their current P/E ration is 4, which makes me think they probably have more upside potential than my other gold stocks.

JLP:Jubilee Metals appeared to be gradually climbing, which is why I bought more last week. I was wrong, and as has happened every single time I buy some for a perceived quick profit, they immediately dropped in value. They fell 7% this week and were a large contributor to my dreadful performance.

KNOS:Kainos Group fell 16% last week and fell another 7% this week to go 22% down after being in profit 2 weeks ago. This AI scare had better bugger off soon!

HSX:Hiscox fell 5% and are no longer in profit. I don't know what has driven the fall, but as they are 49th in my magic formula ranking they are very close to falling out of the top 50. I'll keep them for the next 6 months though, until my next ranking review, as I hope this is just a  blip, but as they are no longer in the top 30 I won't be buying more.

MSI:MS International are one of my new shares and dropped 5% this week for no obvious reason.

RIO:Rio Tinto continue to surge, probably because I keep selling them. They went up 5% this week so my holding is now 30% up. I still have £5k invested so it's one of my bigger holdings.

W7L:Warpaint London did put out their results this week and they were OK, so they went up 5%, but that didn't make up for the 13% drop last week and my holding is still 10% down after just 2 weeks.

PAF:Pan African Resources went up 6% and my holding is now up by 373% so I did top-slice a few to re-invest in lower valued gold share THX:Thor Explorations.

YU.:Yu Group have been making very steady progress since I bought them and went up 6% this week to go 20% up altogether.

MGNS:Morgan Sindall Group released excellent results and went up 8% to go 12% up altogether.

EDV:Endeavour Mining had a brilliant week, gaining 10% to go 20% up with £835 potential profit.

Share of the week is AFC:AFC Energy, which announced a new joint venture and reversed the recent declines to gain 12%. My holding is still 18% down, but given the new venture is looking at re-purposing existing diesel engines to run on ammonia/hydrogen, it could be a very big earner.

Here's the ISA and shares portfolio after week 29 of year 11.

			Weekly Change
Cash	£87.73		+£0
Portfolio cost	£116,875.69		+£0
Portfolio sell value (bid price-commission)	£40,974.10	(-64.9%)	-£4,512.74
Potential profits	£1,038.80		-£44.95
Yr 11 Dividends	£69.36		+£0
Yr 11 Interest	£0.80		+£0
Yr 11 Profit from sales	£527.06		+£0
Yr 11 proj avg monthly profit	£81.63	(1.1%)	-£2.92
Total Dividends	£12,557.43		+£0
Total Interest	£9.37		+£0
Total Profit from sales	£18,087.33		+£0
Average monthly cash profit	£237.09	(3.3%)	-£0.43
(Sold stocks profit + Dividends - Fees / Months)

Massive drop in value but only a tiny drop in potential profits as TRU:Trufin gained 2%, but CWR:Ceres Power dropped 1% and AMRQ:Amaroq dropped 4%.

Nasty

I knew it was too good to last

The SIPP looks like this after week 533 overall and week 13 of year 11.

			Weekly Change
Cash	£1,416.30		-£1,016.09
Portfolio cost	£151,200.61		+£2,377.26
Portfolio sell value (bid price - commission)	£91,398.76	(-39.6%)	-£2,772.25
Potential profits	£14,074.35		-£12.05
Yr 11 Dividends	£500.16		+£5.98
Yr 11 Interest	£6.07		+£0
Yr 11 Profit from sales	£5,517.32		+£1,355.20
Yr 11 proj avg monthly profit	£1,988.81	(25.0%)	+£325.80
Total Dividends	£18,720.36		+£5.98
Total Interest	£26.77		+£0
Total Profit from sales	£30,183.83		+£1,355.20
Average monthly cash profit	£384.17	(4.8%)	+£10.37

I went through with my plan to sell some RIO:Rio Tinto shares on Monday. I sold 32 shares at 6889.8923p making £463.47 (26.1%) profit. As planned, I bought 1,265 shares in THX:Thor Explorations at 86.9p costing £1,108.24 and 1,433 shares in GCP:GCP Infrastructure Investments at 76.72p costing £1,108.35.

Then I had my monthly investment, which first bought 110 shares in ESTC:The European Smaller Companies Trust at 226.497p costing £251.90. Then I bought my third installment in III:3i Group, which was 7 shares at 3306p costing £234.08. I have another 2 months of buying these. Finally I topped up FOUR:4imprint by buying 6 shares at 3895.9941p costing £236.43.

I was dismayed at the end of the week when THX:Thor Explorations tanked 8% for no apparent reason, while my other gold stocks were up. I decided to switch some of my PAF:Pan African Resources shares into THX because it appears to have more capacity for rapid growth, and it would allow me to take some profits. I sold 800 PAF shares at 143.1586p and made £891.73 (351.7%) profit. That enables me to buy another 1,719 shares in THX at 81.94p costing £1,417.50. Let's just hope they grow as much as I hope they will.

Cash dropped partly due to the monthly investment and partly using up some spare cash for the THX purchase, value collapsed by £2,772 but potential profits only fell by £12 despite cashing in £1,355 thanks to some decent rises mainly in my gold mines. I got a £5 dividend from SOI:Schroder Oriental Income and very happy to say that long-term monthly profit over the last 10 years went up by £10 a month and to 4.8%. That's still half my target, but I've only been using my magic formula for just over a year. I wish I'd discovered it right from the start.

One lousy week above the injection line - the world can be very cruel.

Absolutely plummeting back towards the trend line - and right back to the level we were at 12 months ago.

There's at least one chart that lifts my heart. I do need to be careful I don't cash in all my profitable shares though. I think a little break on selling is required.

I need a quiet week next week. I've been on a selling and buying frenzy for the last few weeks, but I now have all the new magic formula shares I want to buy in the short term. The others will be picked up gradually either as monthly investments or if I ever get to sell any JLP:Jubilee Metals shares. What is frustrating is that some of my SIPP JLP holdings were in profit last week, so I could have sold them and invested in magic formula shares, but I was holding out for more profit. I could have had £4,500 to invest if I'd sold last week, but I was hoping to have £9,000 before I sell them. That might be wishful thinking.

Week 548 Review - Big drops across much of my portfolio

A week that saw some massive drops in value for some of my holdings, and big drops across 16 companies, against just 3 with a decent rise. The result was a widening of the deficit between cost and value of £2,780 to £128,418 and an increase in the deficit between injection and value to £42,968. Total portfolio value reduced to £139,800.

Worst performer was PBX:Probiotix Health which gave up all the recent gains after someone sold a massive chunk of shares. The price dropped 19% and was responsible for most of the losses given the size of my holding.

SCT:Softcat fell victim to scares over AI impacting tech companies and dropped 18% so my holding that was in profit recently is now 27% down. I would average down, but this has fallen out of my top 50 magic formula ranking so I will be selling if they ever get back into profit.

KNOS:Kainos Group fell 16% for the same reasons as SCT. My holding is now down by 16% after being profitable 2 weeks ago. This is still 24th in my magic formula ranking so I may add it to my monthly savings while the price is low, but not until it starts heading back up again.

W7L:Warpaint London was a new purchase this week after it entered my top 30 magic formula ranking. I was excited because a trading update was anticipated, but it never came. The share price dropped 13% in the few days I have owned it. All I can hope is the trading update comes next week and is better than expected, else this could have been a big mistake.

ATYM:Atalya Mining dropped 11% after a major shareholder dumped a large number of shares in a placing, so I'm now 10% down on the ones I bought last week at what I thought was a discount and 4% down on what was a profitable share.

TLOU:Tlou Energy dropped another 11% and I fear are heading towards zero.

AMRQ:Amaroq were hammered 10% possibly due to the gold price drop, but my other gold miners didn't do anywhere near as bad, so not sure what's going on with these.

AFC:AFC Energy are now sliding relentlessly and fell 7% for the 2nd week in a row.

AMP:Ampeak Energy dropped 7% for no particular reason.

FNX:Fonix is another new magic formula share that dropped 6% in the the few days since I bought them. No obvious reason for the fall unless it's part of the tech sell-off.

FSG:Foresight Group Holdings is yet another new magic formula share that also dropped 6% for no reason.

IES:Invinity Energy fell 6% and is determined that my recent purchase isn't  going to get into profit, taking a downturn just before moving into the black on several occasions now.

IPX:Impax Asset Management have been recovering lately but fell 6% this week.

N91:Ninety One has been doing really well recently, but a few institutions have been taking profits and it fell 6% this week.

CAML:Central Asia Metals fell 5% which was a surprise as I thought the copper price had rebounded.

FOUR:4imprint had gone into profit but a big fall last week and another 5% drop this week has seen them slip to a 6% loss. I'll be buying more in my monthly investment next week.

So 16 companies fell by 5% or more, including 3 I only bought this week. Not good!

In the very limited good news, POLR:Polar Capital climbed 5% which was a surprise given it is heavily invested in tech firms which all got hammered.

YU.:Yu Group climbed another 6% and has been making steady progress, and is now 14% in profit.

Share of the Week is ASHM:Ashmore Group which also climbed 6% but wins the prize because I've had it for years at a big loss and it is now only 9% down. It is in my dealing account and as soon as it gets profitable I'll be selling to help pay for my holiday, so I'm more happy than usual that it's going up. If you include dividends it's 10% up.

Here's the ISA and shares portfolio after week 28 of year 11.

			Weekly Change
Cash	£87.73		-£3.71
Portfolio cost	£116,875.69		+£0
Portfolio sell value (bid price-commission)	£45,486.84	(-61.1%)	-£208.10
Potential profits	£1,083.75		-£77.61
Yr 11 Dividends	£69.36		+£0
Yr 11 Interest	£0.80		+£0.04
Yr 11 Profit from sales	£527.06		+£0
Yr 11 proj avg monthly profit	£84.55	(1.2%)	-£3.72
Total Dividends	£12,557.43		+£0
Total Interest	£9.37		+£0.04
Total Profit from sales	£18,087.33		+£0
Average monthly cash profit	£237.52	(3.3%)	-£0.46
(Sold stocks profit + Dividends - Fees / Months)

Cash went down due to monthly fees minus the 4p interest I earned. The ISA did pretty well doe to the small rises in JLP:Jubilee Metals and OPTI:Optibiotix, but that wasn't enough to completely cancel the big drop in PBX:Probiotix Health. Value only dropped by £208 and potential profits by £77 caused by the drop in AMRQ:Amaroq.

It feels more like a flattening than a drop - maybe even a pause for breath?

Still well above the trend line

The SIPP looks like this after week 532 overall and week 12 of year 11.

			Weekly Change
Cash	£2,432.39		+£739.88
Portfolio cost	£148,823.35		+£1,064.01
Portfolio sell value (bid price - commission)	£91,793.75	(-38.3%)	-£2,571.94
Potential profits	£14,086.40		-£1,030.04
Yr 11 Dividends	£494.18		+£0
Yr 11 Interest	£6.07		+£0
Yr 11 Profit from sales	£4,162.12		+£1,626.53
Yr 11 proj avg monthly profit	£1,663.01	(20.9%)	+£483.01
Total Dividends	£18,714.38		+£0
Total Interest	£26.77		+£0
Total Profit from sales	£28,828.63		+£1,626.53
Average monthly cash profit	£373.80	(4.7%)	+£12.43

A lot happened here because I re-generated my magic formula spreadsheet, and quite a few things dropped off, so I sold them to re-invest in top 30 ranking companies, not that it did me much good! I made £1,626 profit from my sales and re-invested £1,064 of that, holding the rest as cash to give me more monthly investment opportunities. Potential profits only dropped £1,030 despite cashing in, so in effect they went up about £600. Long term performance increased to 4.7% and year 11 is looking very healthy at 20%, but we're only on week 12 so that will drop to 4.8% if I don't sell anything else this year. It will drop even further when TRX:Tissue Regenix goes bust.

My first sale was RNWH:Renew Holdings which has fallen to 75th in my magic formula rankings. I sold my 157 shares at 931.88p making £161.11 (12.3%) profit. I bought 186 shares in FNX:Fonix at 175p costing £1,154.48. They are 2nd in my magic formula ranking so it was rather depressing when they fell 6% straight away. They provide mobile payment services, so I can see why they are growing, but I don't see why the tech sell-off affected them.

My next sale was FSV:Fidelity Special Values which had fallen to 84th in my magic formula ranking. I sold my 320 shares at 435.7285p making £149.42 (12%) profit. I used the proceeds to buy 502 shares in W7L:Warpaint London at 228.75p costing £1,157.28. I sat in horror as they slumped 13%. They produce make-up and have a popular brand, so I really hope they turn around after the trading update else I've bought a turkey. They are 5th in my magic formula ranking so I hoped for much better.

Next I sold ALU:Alumasc Group, which is actually only 31st in my ranking so I should have kept them, but their interim results were pretty weak so I was certain they were about to drop out of my top 50 and wanted to sell them while still in profit. I sold my 562 shares at 260.22p making £343.11 (30.6%) profit. I used the proceeds to buy 280 shares in FSG:Foresight Group Holdings at 428.49p costing £1,208.72. They are 3rd in my magic formula rankings and are an investment company specialising in things like green energy. However, they dropped 6% straight away.

Next the takeover of BEZ:Beazley was agreed, and although I sold for about £100 less than if I'd waited, I figured it was worth it to take the profits now. I sold my 170 shares at 1260.801p making £546.00 (34.1%) profit. I used the proceeds to buy 82 shares in MSI:MS International, which is a defense contractor and 16th in my magic formula ranking. I paid 1330p a share costing £1,095.60. They went up 1% by the end of the week so are almost into profit. By this time I had all the profits from the other sales to spend, so foolishly bought 20,512 shares in JLP:Jubilee Metals at 4.875p costing £1,004.96. Needless to say, as with every time I buy JLP trying to make a quick profit, the shares dropped by the end of the week and are only 4.6p to sell.

My final sale was 30 of my shares in RIO:Rio Tinto. I had bought a load due to the prospect of a merger with GLEN:Glencore, but that fell through. I decided to reduce my holding and sold them at 6868.9071p making £426.90 (26.1%) profit. I used half of the proceeds to increase my stake in GAW:Games Workshop due to the recent sharp drop in share price. I bought 7 shares at 16862p costing £1,195.19. I also bought 918 shares in BEG:Begbies Trainor Group at 119.75p costing £1,108.26. They changed their name the day after to BTG:BTG Consulting and the share price ended up just down by the spread.

So it was definitely a busy week!

We stayed above the orange line for just one week, which is very sad.

That's a dreadful dip, but I have cashed in a lot of profits and we're still well above the trend line.

This is my favourite chart. To get long term performance up from just above £300 a month to approaching £400 a month is great. If only the portfolio value wasn't at a massive loss. The encouraging thought is that this is based on my magic formula strategy, which seems to be working, so if my JLP:Jubilee Metals and OPTI:Optibiotix holdings can reverse their declines, the magic formula foundations are pretty strong, and the sooner I can ditch my SIPP holdings in JLP and OPTI the better (aside from my foolish JLP purchase this week which broke all my rules and was bonkers!)

This week sees my latest monthly investment, and I have three lots of £250 set up. I'm continuing to buy III:3i Group as my holding is up 5% and they are slowly going up, I'm returning to buy FOUR:4imprint again as they have dropped to a 6% loss despite recent positive trading, and I'm starting a new magic formula share ESCT:The European Smaller Companies Trust, which are ranked 26th.

I also really want to invest in GCP:GCP Infrastructure Investments and THX:Thor Explorations so intend to sell another 32 RIO:Rio Tinto shares, as that will still leave me with 70 and make it one of my largest holdings, but get me another two of my new top 30 ranking shares. That will leave 5 more that I can potentially invest in, plus 4 that I can't invest in as they are oil or palm oil. I wonder if that means I should extend my top 30 to 34 so I maintain a list of 30 investable companies, but keep the top 50 cut-off for when to sell. Sounds like a good plan. I do still have a lot of companies to update in my magic formula, but they are the ones nearer the bottom of the ranking last time so it's unlikely they will get into the top 50 unless they've had a big turn-around.