Week 553 Review - Another bad week with big losses in my SIPP.

Compared to last week, this week was really good, but it was still utterly horrid. The deficit between cost and value widened by £3,156 to £147,782 and the deficit between injection and value widened to £57,967. Total portfolio value fell to £124,251.

The worst performer was FOUR:4imprint after lackluster results. They fell 11% and are now 16% down.

All the miners were hammered, which was a surprise given gold is still about $5,000 and copper has hardly dropped. AMRQ:Amaroq was worst affected, dropping 10%.

W7L:Warpaint London also dropped 10% and have dropped to a 10% loss.

GGP:Greatland Resources and PAF:Pan African Resources both fell 9%, but at least PAF had the excuse of going ex-divi.

AFC:AFC Energy, ATYM:Atalya Mining, SBTX:SkinBioTherapeutics and THX:Thor Explorations all dropped 7%.

FDM:FDM Group, INVP:Investec and JHD:James Halstead fell 6%.

EDV:Endeavour Mining, N91:Ninety One and PAGE:Pagegroup fell 5%.

CKN:Clarkson are still benefitting from the shipping chaos near Iran and were up another 5% to go 28% in profit.

CORE:Solidcore Resources was a blip in the miners, as they went up 6%.

OPTI:Optibiotix recovered 0.5p which is 9% and helped limit the damage a little.

Share of the Week is SBRE:Sabre Insurance, which zoomed up 14% after excellent results and are now only 2% down.

Here's the ISA and shares portfolio after week 33 of year 11.

			Weekly Change
Cash	£95.56		-£20.35
Portfolio cost	£116,389.29		+£0
Portfolio sell value (bid price-commission)	£35,722.19	(-69.3%)	-£441.62
Potential profits	£276.96		-£178.16
Yr 11 Dividends	£69.36		+£0
Yr 11 Interest	£0.85		+£0
Yr 11 Profit from sales	£873.14		+£0
Yr 11 proj avg monthly profit	£116.13	(1.6%)	-£4.14
Total Dividends	£12,557.43		+£0
Total Interest	£9.42		+£0
Total Profit from sales	£18,433.41		+£0
Average monthly cash profit	£238.02	(3.3%)	-£0.46
(Sold stocks profit + Dividends - Fees / Months)

For some reason my SIPP charges were taken from my dealing account despite there being cash in the SIPP, so cash dropped a bit. I'll need to keep an eye on that to ensure there's always enough cash available for a month's fees.

The portfolio wasn't too badly affected thanks to the rise in OPTI:Optibiotix, but potential profits dropped by over a third.

Not the worst ever, but pretty close.

Back in our familiar place on the trend line.

The SIPP looks like this after week 537 overall and week 17 of year 11.

			Weekly Change
Cash	£822.23		-£217.08
Portfolio cost	£154,726.97		+£489.87
Portfolio sell value (bid price - commission)	£87,611.18	(-43.4%)	-£2,715.35
Potential profits	£10,799.08		-£1,715.09
Yr 11 Dividends	£567.00		+£25.08
Yr 11 Interest	£6.26		+£0
Yr 11 Profit from sales	£8,076.47		+£0
Yr 11 proj avg monthly profit	£2,184.98	(27.4%)	-£134.28
Total Dividends	£18,787.20		+£25.08
Total Interest	£26.96		+£0
Total Profit from sales	£32,742.98		+£0
Average monthly cash profit	£402.33	(5.0%)	-£0.68

I did my monthly investments this week.

First I bought 115 shares in ESTC:European Smaller Companies Trust at 213.75p costing £248.54. I have 3 more months buying these until I have enough. They are down 7% so far.

Next I bought 8 shares in III:3i Group at 2982.99p costing £241.33. I have 2 more months buying these until I have enough. They are also down 7% so far.

Portfolio value dropped a hefty £2,715 and £1,715 of that was lost profit. I got a £25 dividend from GCP:GCP Infrastructure Investments and for a change didn't sell anything.

No prospect of getting back above the injection line any time soon with events in the Middle East.

Just as it looked like the trend line might flatten off, we're now well below it and pretty much level with the all-time low.

I can't see me selling much for a while now, so we will most likely slip below the trend line in about 5 or 6 weeks.

I'm really surprised how badly gold mine shares have been affected over the last few weeks, given the gold price hasn't really dropped very much. I guess people may be taking their money into cash and taking profits. I know I have with all my PAF:Pan African Resources sales. I must stop doing that now though, as it has a lot further to go in the next few years and it's likely to stay at an elevated p/e ratio. It's currently on 17, which is a lot for a miner.

Week 552 Review - Massive losses across the whole portfolio.

One of the worst weeks ever. The deficit between cost and value widened by £11,347 to £144,625 and the deficit between injection and value increased to £54,813. Portfolio value fell to £127,155.

There's no point trying to describe why each share fell, as it was all caused by America and Israel bombing Iran. I'll just catalogue the losses.

Having said that, PAGE:Pagegroup delivered rather rubbish results, so they dropped 17% to go 70% down.

JLP:Jubilee Metals dropped an incredible 14% and I have no clue why.

EDV:Endeavour Mining was the biggest gold miner drop, falling 13%.

ATYM:Atalya Mining and PAF:Pan African Resources both fell 12%.

OPTI:Optibiotix fell 11% and greatly contributed to the losses.

MGNS:Morgan Sindall Group fell 10%.

GGP:Greatland Resources and SOI:Schroder Oriental Income both fell 9%.

FNX:Fonix, III:3i Group, IPX:Impax Asset Management and RIO:Rio Tinto fell 8%.

AMP:Ampeak Energy, AMRQ:Amaroq, ASHM:Ashmore Group, PRU:Prudential and W7L:Warpaint London fell 7%.

CORE:Solidcore Resources and N91:Ninety One fell 6%.

DXRX:Diaceutics, ESTC:Eurpoean Smaller Companies Trust, RAT:Rathbones and RSW:Renishaw fell 5%.

There was a tiny glimmer of positivity.

CKN:Clarkson climbed 5% as they specialise in shipping logistics which may come in handy soon.

KNOS:Kainos Group climbed 8% for no obvious reason, other than the recent fall was way overdone.

MSI:MS International is a defence contractor, so no surprise they climbed 13% and went into profit.

Share of the Week is SBTX:SkinBioTherapeutics which climbed another 34% even after last week's massive rise.

Here's the ISA and shares portfolio after week 32 of year 11.

			Weekly Change
Cash	£115.91		+£8.89
Portfolio cost	£116,389.29		-£1,002.31
Portfolio sell value (bid price-commission)	£36,163.81	(-68.9%)	-£3,795.04
Potential profits	£455.12		-£124.56
Yr 11 Dividends	£69.36		+£0
Yr 11 Interest	£0.85		+£0
Yr 11 Profit from sales	£873.14		-£193.36
Yr 11 proj avg monthly profit	£120.27	(1.7%)	-£30.91
Total Dividends	£12,557.43		+£0
Total Interest	£9.42		+£0
Total Profit from sales	£18,433.41		-£193.36
Average monthly cash profit	£238.48	(3.3%)	-£1.95
(Sold stocks profit + Dividends - Fees / Months)

CAML:Central Asia Metals released an update on the SASA mineral reserves and it wasn't good. SASA has been a complete disaster since they bought it, and their copper operation is near end of life. The CEO that made this one of my favourite companies retired a while ago and I have lost faith in the company. I decided to sell all my holdings immediately, and good job I did, as the share price plummeted all day.

In my AJ Bell dealing account I sold my 365 shares at 223p and made a £193.36 (19.2%) loss, although if you include dividends it was only a 1% loss. On selling the shares I pulled out £800 from my dealing account to go towards my holiday so the injection amount has reduced.

Sell value dropped a big £3,795, but that was a lot better than my SIPP.

Year 11 performance took a bit of a hit due to the realised loss.

Almost back to the lowest of lows.

Right back on the descending trend line.

This chart has always been a bit sad  and is sadder now than it was last week.

The SIPP looks like this after week 536 overall and week 16 of year 11.

			Weekly Change
Cash	£1,039.31		-£41.19
Portfolio cost	£154,237.10		+£1,795.01
Portfolio sell value (bid price - commission)	£89,836.66	(-41.8%)	-£8,554.62
Potential profits	£12,514.17		-£5,545.34
Yr 11 Dividends	£541.92		+£0
Yr 11 Interest	£6.26		+£0
Yr 11 Profit from sales	£8,076.47		+£1,753.83
Yr 11 proj avg monthly profit	£2,319.26	(29.1%)	+£352.05
Total Dividends	£18,762.12		+£0
Total Interest	£26.96		+£0
Total Profit from sales	£32,742.98		+£1,753.83
Average monthly cash profit	£403.01	(5.1%)	+£13.45

Not a happy set of figures, although I did take out £1,753 of profits. Some of those were selling CAML:Central Asia Metals. I sold my 1,500 shares at 224.4p and made £907.71 (36.9%) profit. I also top-sliced a few more PAF:Pan African Resources, selling 550 shares at 186.7842p to make £846.12 (466.9%) profit.

I wanted to move some of my PAF holding into something I thought had more chance for a significant rise, so bought another 1,176 shares in THX:Thor Explorations at 89.7p costing £1,061.82. I bought a further 1,241 with some of my CAML proceeds at 88.6p costing £1,106.48. That takes my total holding to 5,401 shares at an average price of 86.3p costing £4,694. They are down 6% altogether.

Although I was initially planning to keep all my CAML proceeds in metals, I decided to use the rest to buy other magic formula shares. I bought 26 shares in RSW:Renishaw at 4152p costing £1,091.87. They are 30th in my magic formula ranking, with very low debt and excellent 5-year growth. ROI and dividend were a bit more middling.

I also bought 1,612 shares in BPCR:BioPharma Credit at 71.1995p costing £1,160.43. They are 32nd in my magic formula ranking, with a superb dividend and no debt, but middling ROI and 5-year growth.

Portfolio value was battered, dropping £8,554, and £5,545 of that was potential profits, as all my most profitable shares dropped and many went out of profit into loss. The sale did raise my long term profits above 5% though, which is excellent.

Such a brief excursion above the injection line.

Below the trend line and almost back down to the worst ever position. Just as it looked like things were turning around.

One crumb of comfort among the misery.

I'm a wee late writing this after going to the Lake District, so nothing more to say other than steeling myself for another depressing write-up.

Week 551 Review - Metals shine in a positive week despite some big drops.

It was a mixed week, with some very big losses but also some very big gains. The gains won, and the deficit between cost and value narrowed by £3,299 to £133,278 and the deficit between injection and value dropped to £45,026. Total portfolio value increased to £137,742.

Worst performer was FXPO:Ferrexpo, which plummeted 21% after reports that its Ukrainian subsidiary has had bankruptcy proceedings opened, despite the court case that would trigger the proceedings not having been completed yet. It all stinks rather badly. Having said that, in my mind I've written off this investment already, and the 21% drop this week hardly affects my holding as it just goes from 86% down to 89% down.

AFC:AFC Energy gave up most of last weeks gains, possibly as people took profits. They fell 20% and instead of being on the verge of profit, are now down 21%.

MGNS:Morgan Sindall Group gave absolutely brilliant results with record earnings and a raised dividend, yet the share price dropped 9%. I don't get it. My holding is still up, but by just 3%. I have a feeling it will recover over the next few weeks, and I may consider buying more with my monthly savings.

YU.:Yu Group have had a great run but dropped 9% this week. My holding lost almost half its profits but is still up 10%. It's difficult to see any reason for the drop.

PBX:Probiotix Health widened its spread from 7p-9p to 6.5p-9.5p, which is an insane 32%. Not sure how anyone is going to be persuaded to buy at the moment. That widening caused the bid price to drop by 7%, but it feels like a false drop.

W7L:Warpaint London had a superb week last week, but dropped 7% this week, presumably as people took profits. My holding is still up by 7%.

MSI:MS International have gone down every week since I bought them, falling another 6% this week to go 11% down.

PAGE:Pagegroup are showing no signs of reversing their decline, falling 5% this week to go 64% down.

There were a whole load of shares up by 5% this week, with CAML:Central Asia Metals, CORE:Solidcore Resources, JLP:Jubilee Metals and THX:Thor Explorations all benefitting from rising metals prices.

KNOS:Kainos Group recovered 6% of their recent losses but are still 16% down.

PAF:Pan African Resources went up 7%, GGP:Greatland Resources 12%, EDV:Endeavour Mining 12% and AMRQ:Amaroq 13% as gold bounced back up.

Share of the Week probably doesn't deserve it after the last few weeks, but SBTX:SkinBioTherapeutics went up 60%, proving that the drop was way over-done and no doubt making someone a lot of money. My holding is still down 64% and will need a few more weeks like this to recover.

Here's the ISA and shares portfolio after week 31 of year 11.

			Weekly Change
Cash	£107.02		+£0
Portfolio cost	£117,391.60		+£0
Portfolio sell value (bid price-commission)	£39,958.85	(-66.0%)	+£1,400.62
Potential profits	£579.68		+£200.24
Yr 11 Dividends	£69.36		+£0
Yr 11 Interest	£0.85		+£0
Yr 11 Profit from sales	£1,066.50		+£0
Yr 11 proj avg monthly profit	£151.18	(2.1%)	-£5.04
Total Dividends	£12,557.43		+£0
Total Interest	£9.42		+£0
Total Profit from sales	£18,626.77		+£0
Average monthly cash profit	£240.43	(3.3%)	-£0.44
(Sold stocks profit + Dividends - Fees / Months)

Nice rise in value and £200 more potential profit is a much better performance than last week.

A reversal of the recent big drop, but still well below where we were 12 months ago.

A small tick up, but still very close to the descending trend line.

The SIPP looks like this after week 535 overall and week 15 of year 11.

			Weekly Change
Cash	£1,080.50		-£332.21
Portfolio cost	£152,442.09		+£997.00
Portfolio sell value (bid price - commission)	£96,596.27	(-36.6%)	+£1,899.03
Potential profits	£18,059.51		+£1,560.34
Yr 11 Dividends	£541.92		+£41.76
Yr 11 Interest	£6.26		+£0
Yr 11 Profit from sales	£6,322.64		+£560.52
Yr 11 proj avg monthly profit	£1,967.21	(24.7%)	+£45.90
Total Dividends	£18,762.12		+£41.76
Total Interest	£26.96		+£0
Total Profit from sales	£30,989.15		+£560.52
Average monthly cash profit	£389.56	(4.9%)	+£4.16

I sold some more shares. It was madness on Monday as I truly believed JLP:Jubilee Metals were on the verge of a massive re-rate upwards. I was completely wrong, but went against the rules of my SIPP yet again and sold a perfectly good dividend paying share to buy more JLP.

I owned POLR:Polar Capital in both my Hargreaves Lansdown and AJ Bell accounts and wanted to just have them in one account, so I sold my 380 Hargreaves Lansdown shares at 630.3471p and made £560.52 (30.5%) profit. It would be 41% if you include the £193 in dividends.

I used the proceeds to buy another 51,278 shares in JLP at 4.649p costing £2,392.86. I also used some of my AJ Bell pot to buy 8,947 shares at 4.75p costing £429.98. If I'd waited until the end of the week I could have bought them below 4.5p as Monday was the only day they went up. The bid price ended the week at 4.3p so I was well down. That has happened without fail every time I buy more JLP thinking it's about to go up. When will I learn?

The £560 profit increased my long term performance by 0.1% to 4.9%, and thanks to big rises in miners I added £1,560 to potential profits. I also got a £15 dividend from BPM:BP Marsh & Partners and £25 from UKW:Greencoat UK Wind.

I do believe we're back above the injection line - much joy! How long will it last this time?

Not quite back to where we were a few weeks ago, but higher than 12 months ago and pulling the trend line flat.

Keeping parallel to the trend line and still above it. Not sure I can keep this up any longer though.

I have now spent £14,756 on JLP:Jubilee Metals shares in my SIPP when I'm not supposed by be buying non-dividend shares in my SIPP. No more! If you add that to the £28,475 I have in my ISA, that's £43,000 I've spent on a pretty high risk share that has no track record at rewarding shareholders in any way. Why am I so convinced it's going to be different this time?

I suppose they are proposing a capital re-structure that will allow them to pay dividends and buy back shares, and the 2 main directors have just awarded themselves several million, so have some skin in the game at last, so maybe there is some hope. Ideally I'd sell the SIPP holdings for around £25k and put that into magic formula shares, and I'd sell some of the ISA shares, just keeping my AJ Bell holding which cost £19k.

I've written this after America and Israel attacked Iran, so haven't a clue what the impact will be on Monday. I suspect my shipping insurance company might not do very well, and probably a general crash, but gold may go even higher.

Hargreaves Lansdown are reducing commission costs from £11.95 to £6.95 from Monday. As I account for the sale commission in the value of all my holdings, that gives me £5 per HL holding, which adds up to £227 better off from the start of Monday. I'd mistakenly got one of the £11.95 as only £8.95 which explains why the savings are not £230. Given the number of trades I've made recently, I should only be paying £3.95 which is cheaper than AJ Bell. My £16.66 monthly SIPP charge should reduce to £12.50 but my £3.75 ISA change will increase, but I don't know how much by. The cap is £12.50 but I think my portfolio value is less than the cap level. We will see when fees are taken in a few days.