The biggest faller was IPX:Impax Asset Management which announced an 8% drop in assets under management, then promptly dropped 22% in value. Every bit of news seems to result in a dramatic drop. The same happened when they lost the St James' Place contract, with the price drop far greater than the percentage of assets lost. They pay a great dividend, so I'll continue getting that and hope sentiment improves. My holdings are down 51% and 77% and losing £2,166.
N91:Ninety One dropped 8% after an analyst downgrade, which usually means they have an order to fill and want the price to fall. My holding is still 12% up.
The final big loser this week was FDM:FDM Group, which slipped another 5% to go 71% down. They have a sound business, so it's just a case of the economy improving enough for people to start hiring IT staff again.
In much better news DXRX:Diaceutics, FOUR:4imprint and MSI:MS International all climbed 5%, largely down to the ceasefire in Iran. That also triggered the following rises.
ATYM:Atalya Mining, ESTC:Eurpoean Smaller Companies Trust and RSW:Renishaw climbed 6%.
EDV:Endeavour Mining, FSG:Foresight Group Holdings, INVP:Investec, JLP:Jubilee Metals, MGNS:Morgan Sindall Group, PAF:Pan African Resources, THX:Thor Explorations and YU.:Yu Group all climbed 7%.
AMP:Ampeak Energy and GAW:Games Workshop went up 8%. Glad I doubled my investment in GAW while they were low.
TAM:Tatton Asset Management rose 9% and into profit.
IES:Invinity Energy went up 10% for no obvious reason.
FNX:Fonix and W7L:Warpaint London recovered 11% of recent losses.
AFC:AFC Energy went up 12% on no news.
JHD:James Halstead jumped 13% after analysts suggesting the recent drop was over-done. My holdings are just 5% down now.
Share of the Week for the 2nd week in a row was GGP:Greatland Resources, which climbed another 16% to go 106% up and £2,480 in profit. Hopefully I got in early enough for these to do another PAF:Pan African Resources super surge. My initial investment wasn't as big here as with PAF so I won't be top-slicing to the extent I did with PAF, in fact I think I top-sliced too many as the things I moved profits into have stagnated while PAF continued to surge.
Here's the ISA and shares portfolio after week 37 of year 11.
| Weekly Change | |||
| Cash | £124.32 | -£3.47 | |
| Portfolio cost | £116,490.29 | +£0 | |
| Portfolio sell value (bid price-commission) | £33,551.30 | (-71.2%) | +£1,579.28 |
| Potential profits | £296.12 | +£146.08 | |
| Yr 11 Dividends | £86.83 | +£0 | |
| Yr 11 Interest | £1.15 | +£0 | |
| Yr 11 Profit from sales | £873.14 | +£0 | |
| Yr 11 proj avg monthly profit | £104.72 | (1.5%) | -£3.33 |
| Total Dividends | £12,574.90 | +£0 | |
| Total Interest | £9.72 | +£0 | |
| Total Profit from sales | £18,433.41 | +£0 | |
| Average monthly cash profit | £236.39 | (3.3%) | -£0.45 |
| (Sold stocks profit + Dividends - Fees / Months) |
A decent but not spectacular rise, and both profitable shares went up, so more than doubled potential profits to £296.
This account is at the mercy of JLP:Jubilee Metals and OPTI:Optibiotix so any rise will be very slow unless they can recover.
Back on the trend line which is a small milestone.
The SIPP looks like this after week 541 overall and week 21 of year 11.
| Weekly Change | ||||
| Cash | £689.18 | -£499.92 | ||
| Portfolio cost | £157,741.74 | +£489.64 | ||
| Portfolio sell value (bid price - commission) | £92,418.40 | (-41.4%) | +£4,228.02 | |
| Potential profits | £14,206.34 | +£2,246.70 | ||
| Yr 11 Dividends | £754.94 | +£4.37 | ||
| Yr 11 Interest | £6.32 | +£0 | ||
| Yr 11 Profit from sales | £8,076.47 | +£0 | ||
| Yr 11 proj avg monthly profit | £1,804.15 | (22.0%) | -£91.97 | |
| Total Dividends | £18,975.14 | +£4.37 | ||
| Total Interest | £27.02 | +£0 | ||
| Total Profit from sales | £32,742.98 | +£0 | ||
| Average monthly cash profit | £400.73 | (4.9%) | -£0.81 |
Much more going on here. The recovery in mainstream stocks meant a bigger £4,228 rise in value compared to the ISA, and half of that was increased profits. I'm £4k short of where profits were before the Iran war.
I did my monthly investment, buying 9 shares in III:3i Group at 2561.0587p costing £241.29 and I also bought 115 shares in ESTC:Eurpoean Smaller Companies Trust at 215.4473p costing £250.50. They both snuck up a little after I bought them.
I also received a rather feeble £4 dividend from RSW:Renishaw.
Encouraging that we're not too far from being back at the injection line.
As with the ISA, we're right back on the trend line, but still well below where we were before the war with Iran started.
I reckon next week will be when we meet the trend line, and after that start dragging it flat. It is a great testament to the magic formula that in 12 months I've improved the average monthly profit from sales and dividends by £100 a month based on an average running over 10 years. It should drift until August when I do my 6-monthly magic formula review and sell anything outside the top 50. I still have a slight hope I can sell some non-magic formula shares like JLP:Jubilee Metals before then, but it's not looking too promising at the moment.
Encouraging that we're not too far from being back at the injection line.
As with the ISA, we're right back on the trend line, but still well below where we were before the war with Iran started.
I reckon next week will be when we meet the trend line, and after that start dragging it flat. It is a great testament to the magic formula that in 12 months I've improved the average monthly profit from sales and dividends by £100 a month based on an average running over 10 years. It should drift until August when I do my 6-monthly magic formula review and sell anything outside the top 50. I still have a slight hope I can sell some non-magic formula shares like JLP:Jubilee Metals before then, but it's not looking too promising at the moment.
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