Week 571 Review - ISA flat but gold miners hammered so the SIPP suffers.

Another red week, with the SIPP bearing most of the loss. The deficit between cost and value widened by £935 to £159,956 and the deficit between injection and value widened to £67,611. Total portfolio value fell to £120,327.

Worst performer was my biggest holding OPTI:Optibiotix which fell 13% and was responsible for much of this week's loss. There is still no sign of anything positive happening in the near term and probably the medium term too.

The gold mines were all hammered again, with GGP:Greatland Resources falling 9%, FRES:Fresnillo falling 8%,  EDV:Endeavour Mining falling 7% and PAF:Pan African Resources falling 6%. That did most of the damage to my SIPP.

HPOW:H-Power dropped another 8% as the recent spike was reversed, and W7L:Warpaint London also dropped 8% for no obvious reason.

DXRX:Diaceutics fell 6%, again for no clear reason.

SBTX:SkinBioTherapeutics dropped 5% and will continue to drop until something positive happens with Croda.

It wasn't all bad news though.

FDM:FDM Group  and FSG:Foresight Group Holdings went up 5%.

CKN:Clarkson, FOUR:4imprint and KNOS:Kainos Group went up 6%.

TAM:Tatton Asset Management went up 9% for no clear reason.

JLP:Jubilee Metals finally had a turnaround and went up 10%. Is this the long awaited reversal in fortunes or a blip?

Share of the Week for the 2nd week in a row is PAGE:Pagegroup, this time climbing 27% compared to just 13% last week. Shame I've already spent my transfer cash, as my holding is still 68% down and I could have bought some more and reduced my average and taken advantage of this momentum .

Here's the ISA and shares portfolio after week 51 of year 11.

			Weekly Change
Cash	£98.44		-£3.86
Portfolio cost	£116,490.29		+£0
Portfolio sell value (bid price-commission)	£30,783.68	(-73.6%)	-£49.69
Potential profits	£275.56		+£16.86
Yr 11 Dividends	£86.83		+£0
Yr 11 Interest	£1.82		+£0
Yr 11 Profit from sales	£873.14		+£0
Yr 11 proj avg monthly profit	£73.77	(1.0%)	-£1.81
Total Dividends	£12,574.90		+£0
Total Interest	£10.39		+£0
Total Profit from sales	£18,433.41		+£0
Average monthly cash profit	£230.39	(3.2%)	-£0.44
(Sold stocks profit + Dividends - Fees / Months)

Pretty much flat, with a big drop in OPTI:Optibiotix cancelled out by a big rise in JLP:Jubilee Metals. Potential profits went up after small rises in TRU:Trufin and IES:Invinity Energy.

Still sinking slowly.

Still below the trend line

Still nothing.

The SIPP looks like this after week 555 overall and week 35 of year 11.

			Weekly Change
Cash	£310.25		+£17.78
Portfolio cost	£163,385.47		+£0
Portfolio sell value (bid price - commission)	£89,135.45	(-45.4%)	-£885.59
Potential profits	£8,707.27		-£405.50
Yr 11 Dividends	£1.583.29		+£21.94
Yr 11 Interest	£15.48		+£0
Yr 11 Profit from sales	£9,419.73		+£0
Yr 11 proj avg monthly profit	£1,345.84	(15.9%)	-£37.32
Total Dividends	£19,803.49		+£21.94
Total Interest	£36.18		+£0
Total Profit from sales	£34,086.24		+£0
Average monthly cash profit	£407.23	(4.8%)	-£0.59

Gold mines really dragged down both the sell value and potential profits. I did get a £21 dividend from IPX:Impax Asset management, but not much else happened.

Sinking further away from that elusive injection line.

Well below the trend line.

Just 4 weeks to go before I review my magic formula ranking and hopefully bank some more profits.

Gold finished the week just over $4,000 which is hardly down from the week before, and yet my gold miners were down 7-9%. I fear we're not going to get a turnaround for some time yet, but I'm confident it will come, so I'm happy to hold my gold stocks but not happy a lot of them are down by 30%.

Week 570 Review - Yet another dreadful week continues the relentless slide.

Another rubbish week, but it ended up less rubbish than it was on Wednesday. The deficit between cost and value widened by £3,580 to £159,021 but on Wednesday I was down by over £6,000. The deficit between injection and value has increased to £66,689 and portfolio value has dropped to £121,249 despite an injection of £2,300 this week.

Biggest loser was IES:Invinity Energy which dropped 15% for no reason other than the recent rise had been way over-done, and with hindsight I should have realised that and sold my profitable shares to buy back later. You can guarantee if I'd done that they would have continued to go up.

EDV:Endeavour Mining and FRES:Fresnillo both fell 9% despite the price of gold just dropping a few percent. 

POLR:Polar Capital also dropped 9%, but about 6% of that was due to going ex-dividend and there may be some concern over their exposure to AI in the Tech Fund.

PAF:Pan African Resources fell 8% and GGP:Greatland Resources 7% as all my gold mines had a dreadful week. THX:Thor Explorations only dropped 3% though, and CORE:Solidcore Resources actually went up 3%.

HPOW:H-Power dropped 7% as part of a continued decline on no news.

PBX:Probiotix Health and W7L:Warpaint London also dropped 7%.

BTG:BTG Consulting and MGNS:Morgan Sindall Group both dropped 6% and MGNS is now back to being at a loss.

GAW:Games Workshop and RIO:Rio Tinto both fell 5%.

There were precious few big risers.

IPX:Impax Asset Management zoomed up 12% after a good trading statement, but my main holding is still 72% down.

Share of the Week is PAGE:Pagegroup which went up 13%. I can only assume it's in anticipation of Monday's trading update, which means it's highly likely to lose the gains entirely and maybe more again if the trading is as bad as it has been in the last few updates.

Here's the ISA and shares portfolio after week 50 of year 11.

			Weekly Change
Cash	£102.30		-£3.59
Portfolio cost	£116,490.29		+£0
Portfolio sell value (bid price-commission)	£30,833.37	(-73.5%)	-£659.54
Potential profits	£258.70		-£47.40
Yr 11 Dividends	£86.83		+£0
Yr 11 Interest	£1.82		+£0.21
Yr 11 Profit from sales	£873.14		+£0
Yr 11 proj avg monthly profit	£75.58	(1.0%)	-£1.86
Total Dividends	£12,574.90		+£0
Total Interest	£10.39		+£0.21
Total Profit from sales	£18,433.41		+£0
Average monthly cash profit	£230.83	(3.2%)	-£0.43
(Sold stocks profit + Dividends - Fees / Months)

Nearly everything fell this week, so value down £649 and potential profit only down £47 as the huge drop in IES:Invinity Systems was offset by a 1% rise in Yu.:Yu Group where I own 3 times the value of shares. Sell value is getting perilously close to 75% down, after which I'll have to change from crimson to red

Apart from the brief blip 6 months ago, this is in very steady and relentless decline.

No longer following the trend line, but dipping below it.

The SIPP looks like this after week 554 overall and week 34 of year 11.

			Weekly Change
Cash	£292.47		-£904.87
Portfolio cost	£163,385.47		+£3,195.35
Portfolio sell value (bid price - commission)	£90,021.04	(-44.9%)	-£2,920.56
Potential profits	£9,112.77		-£1,683.77
Yr 11 Dividends	£1.561.35		+£0
Yr 11 Interest	£15.48		+£2.98
Yr 11 Profit from sales	£9,419.73		+£0
Yr 11 proj avg monthly profit	£1,383.16	(16.4%)	-£43.16
Total Dividends	£19,781.55		+£0
Total Interest	£36.18		+£2.98
Total Profit from sales	£34,086.24		+£0
Average monthly cash profit	£407.82	(4.8%)	-£0.82

A slightly complicated week as I had my pension transfer come through and also my monthly investment, but my gold mines were hammered and so were many of my magic formula shares, so a big drop in both value and potential profit.

I bought gold miners with my pension transfer, but a few days too soon, as they dropped by the end of the week. My first purchase was GGP:Greatland Resources where I bought 187 shares at 586.39p costing £1,103.50. They were 566p by the end of the week.

My second purchase was 1,814 shares in AMRQ:Amaroq for 87.73p costing £1,598.37. This is in anticipation of their move to the main market at the end of July when I hope they will re-rate as institutions buy in, although knowing my luck Trump will invade Greenland instead.

For my regular savings I'm continuing to buy BPM:BP Marsh & Partners this month and next month. I bought 36 shares at 679.2p costing £244.51. I also decided to buy more YU.:Yu Group as they have dropped off recently and I can buy for a similar price to my earlier holding. I bought 15 shares at 1659.8p costing £248.97. They dropped to 1620p by the end of the week.

I used up all the spare dividend cash I'd been building in my account, so the only cash left is another £250 to enable 2 monthly investments when I add my £250 next month, after which I'll be back to 1 investment per month until I can sell something, but that may be in August when I review my magic formula ranking.

Injection line ticks up, but value line doesn't.

That's very grim. Plunging well below the trend line when it looked like things had turned around a few months ago. It's mainly down to a combination of JLP:Jubilee Metals and OPTI:Optibiotix continuing to slide, along with my gold mine shares dropping massively despite the price of gold still being comfortably above $4,000.

Four more weeks and I hope to be back above the trend line, if any of my profitable magic formula shares drop out of the top 50.

Just 2 more weeks before the end of Year 11 for the ISA, and the anniversary of when I started all this. My intention was to make loads of money so I could retire early, but after 11 years my portfolio is worth £66,689 less than what I put in, and that's without factoring in the compound interest I would have got from leaving it in the building society. I hit retirement age in 9 years time, so I'm over halfway through my window of opportunity and have very little to show for it. At least I do have a new strategy now, but limited available cash to put it into practice unless some of my early mistakes recover enough for me to sell them.

Week 569 Review - A positive week as gold heads slightly up.

It was an OK week for the SIPP but a down week for the ISA, so the result was a narrowing of the deficit between cost and value of £664, which is way less than recent losses so not much of a recovery, but at least it's positive. The deficit is now £155,441 and the deficit between injection and value is £63,096. Total portfolio value rose to £122,542.

Worst performer was SBTX:SkinBioTherapeutics, which dropped 17% and wasn't a great surprise given the recent very strong run.

GGP:Greatland Resources dropped 6%, which was a surprise given the price of gold went up.

The rest was all good news.

AMRQ:Amaroq recovered 5% of recent losses, as did FDM:FDM Group and IPX:Impax Asset Management

HPOW:H-Power and PAGE:Pagegroup both reversed last week's losses and gained 6%.

FNX:Fonix, MSI:MS International and SBRE:Sabre Insurance all went up 7%.

IHP:Integrafin climbed a healthy 10%.

ASHM:Ashmore Group and FSG:Foresight Group Holdings both went up 11%.

Share of the week is POLR:Polar Capital, which went up a whopping 19% to go 95% in profit.

Here's the ISA and shares portfolio after week 49 of year 11.

			Weekly Change
Cash	£105.89		+£0
Portfolio cost	£116,490.29		+£0
Portfolio sell value (bid price-commission)	£31,492.91	(-73.0%)	-£503.85
Potential profits	£306.10		-£24.00
Yr 11 Dividends	£86.83		+£0
Yr 11 Interest	£1.61		+£0
Yr 11 Profit from sales	£873.14		+£0
Yr 11 proj avg monthly profit	£77.44	(1.1%)	-£1.61
Total Dividends	£12,574.90		+£0
Total Interest	£10.18		+£0
Total Profit from sales	£18,433.41		+£0
Average monthly cash profit	£231.26	(3.2%)	-£0.41
(Sold stocks profit + Dividends - Fees / Months)

Not much happened, with just a £500 drop most of which was deepening losses.

Slow decline

I love following that trend line, if only it would point up.

The SIPP looks like this after week 553 overall and week 33 of year 11.

			Weekly Change
Cash	£1,197.34		+£340.87
Portfolio cost	£160,190.12		-£23.68
Portfolio sell value (bid price - commission)	£89,746.25	(-44.0%)	+£1,144.99
Potential profits	£10,796.54		+£836.72
Yr 11 Dividends	£1.561.35		+£45.18
Yr 11 Interest	£12.50		+£0
Yr 11 Profit from sales	£9,419.73		+£22.01
Yr 11 proj avg monthly profit	£1,426.32	(17.3%)	-£35.48
Total Dividends	£19,781.55		+£45.18
Total Interest	£33.20		+£0
Total Profit from sales	£34,086.24		+£22.01
Average monthly cash profit	£408.64	(4.9%)	-£0.21

I added my monthly £250 savings to cash, and decided to flog my PRU:Prudential shares as they are under the kosh a bit since new Chinese regulations. I sold my 110 shares at 1002.69p making £22.01 (2%) profit.

I used the proceeds to increase my holdings in GGP:Greatland Resources, buying another 171 shares at 612.44p costing £1052.27.

I got a healthy £45 dividend from W7L:Warpaint London

Potential profits increased by almost as much as value, mainly thanks to gold miners.

A wee tick up

Still below the trend line

My tiny profit didn't make much difference here.

I get £2,300 pension transfer next week, so pondering what to do with it. I think AMRQ:Amaroq seeing as they will be moving to the main market at the end of the month, which often gives a lift, and I'm undecided between more GGP:Greatland Resources, more BTG:BTG Consulting, or a new share BYIT:Bytes Technology.

Week 568 Review - Another bad week as gold slips

Another bad week. It got worse every day and ended up widening the deficit between cost and value by £1,118 to £156,106 and the deficit between injection and value grew to £63,828. Total portfolio value dropped to £121,560.

Biggest loser was IES:Invinity Energy which dropped 22% after a recent spike upwards. There was no news so presumably just profit taking.

GGP:Greatland Resources was the worst of the gold miners, dropping 10% as the price of gold continued to slip.

HPOW:H-Power drifted down another 10% on no news.

CORE:Solidcore Resources fell 8%.

AMP:Ampeak Energy dropped 7% as all the shares related to renewable energy had a bad week.

MSI:MS International  and PAGE:Pagegroup both dropped 6% for no particular reason

AMRQ:Amaroq, ATYM:Atalya Mining, THX:Thor Explorations and W7L:Warpaint London all dropped 5%.

MGNS:Morgan Sindall Group climbed 5% and went 3% into profit.

SBRE:Sabre Insurance climbed 6% and is now 11% up.

GAW:Games Workshop went up 8% to go 79% up.

TAM:Tatton Asset Management also climbed 8% and is now 28% up.

OPTI:Optibiotix went up 9% for no obvious reason but is still at a massive loss.

SBTX:SkinBioTherapeutics also went up 9% and is now worth twice as much as OPTI.

Share of the Week is III:3i Group which recovered 15% of recent losses after a positive update from Action, but my holding is still 17% down.

Here's the ISA and shares portfolio after week 48 of year 11.

			Weekly Change
Cash	£105.89		+£0.08
Portfolio cost	£116,490.29		+£0
Portfolio sell value (bid price-commission)	£31,996.76	(-72.5%)	-£113.09
Potential profits	£330.10		-£114.24
Yr 11 Dividends	£86.83		+£0
Yr 11 Interest	£1.61		+£0.04
Yr 11 Profit from sales	£873.14		+£0
Yr 11 proj avg monthly profit	£79.05	(1.1%)	-£1.68
Total Dividends	£12,574.90		+£0
Total Interest	£10.18		+£0.04
Total Profit from sales	£18,433.41		+£0
Average monthly cash profit	£231.67	(3.2%)	-£0.44
(Sold stocks profit + Dividends - Fees / Months)

Nearly all losses were in potential profits thanks to the drop in IES:Invinity Energy.

Still flat

Still hugging the trend line

Still rubbish.

The SIPP looks like this after week 552 overall and week 32 of year 11.

			Weekly Change
Cash	£856.47		+£2.18
Portfolio cost	£160,213.80		+£0
Portfolio sell value (bid price - commission)	£88,601.26	(-44.7%)	-£1,005.29
Potential profits	£9,959.82		-£770.89
Yr 11 Dividends	£1.516.17		+£39.10
Yr 11 Interest	£12.50		+£0.24
Yr 11 Profit from sales	£9,397.72		+£0
Yr 11 proj avg monthly profit	£1,461.80	(17.7%)	-£41.65
Total Dividends	£19,736.37		+£39.10
Total Interest	£33.20		+£0.24
Total Profit from sales	£34,064.23		+£0
Average monthly cash profit	£408.85	(5.0%)	-£0.43

A big £1,005 drop in value, £770 if which was lost potential profit as gold and many magic formula shares were hit. I got £13 dividend from FDM:FDM Group and £25 from IHP:Integrafin. Not much else happened.

Sliding

Still below the trend line

Well below the trend line now.

Nothing more to say as I was a week late writing this.