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.
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 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%.
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