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 30 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.
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