The loss and some gains elsewhere resulted in an improvement in the deficit between cost and value of £3,247 to £156,708, and a drop in the deficit between injection and value to £66,896. Total portfolio value increased to £121,043.
Unfortunately my worst performer this week was my 2nd biggest holding JLP:Jubilee Metals. They dropped 13% presumably because last year there was an update on 21st July, and as there was nothing the assumption is it will be bad news. That spoiled what would have been a pretty good week.
Unfortunately my worst performer this week was my 2nd biggest holding JLP:Jubilee Metals. They dropped 13% presumably because last year there was an update on 21st July, and as there was nothing the assumption is it will be bad news. That spoiled what would have been a pretty good week.
JHD:James Halstead dropped 7% after a lackluster trading update, and my holding is now 18% down.
TAM:Tatton Asset Management dropped 6% for no obvious reason, although it could be profit taking after a recent sharp rise.
IPX:Impax Asset Management dropped 5% which could be for the same reason as above, although the recent spike was more of a pimple.
MGNS:Morgan Sindall Group interim results didn't seem bad, but disappointed the market which dropped 5%, taking my holding 7% down just as I thought they were sneaking back into profit.
RAT:Rathbones are still suffering from their recent announcement about reforming previous naughtiness, and dropped 5% to take my holding 14% down.
GGP:Greatland Resources recovered 5% as the gold price sneaked up a little, but my recent holding is still 12% down.
HPOW:H-Power is very volatile and climbed 5% this week, but I'm still 28% down.
EDV:Endeavour Mining, FDM:FDM Group, III:3i Group and PAF:Pan African Resources all went up 6%.
RSW:Renishaw climbed 7% after great results. I'm surprised they didn't go up more, but hopefull that will come next week. My holding is now 23% up.
FNX:Fonix climbed 8% after great results, but my holding is still down by 11%. This is another I'm hoping will continue upwards.
YU.:Yu Group climbed 9% after a good trading update, and my holding is 11% in profit.
PAGE:Michael Page changed their name from Pagegroup and went up 10% as recovery seems underway, but my holding is 64% down so there's a long way to go.
AMRQ:Amaroq zoomed up 12% and my ISA holding is back in profit. Their move to the main market gets ever closer and hopefully a proper re-rate like PAF:Pan African Resources had.
ATYM:Atalya Mining went up a fantastic 16% after a superb operations update, and my holding is back in profit by 5%.
Share of the Week is SBTX:SkinBioTherapeutics which went up an impressive 21% possibly due to one of it's biggest investors increasing their holding. I wish we'd get some news from Croda so this can properly recover and I can flog the ones I don't want in my SIPP, but they are still 67% down.
Here's the ISA and shares portfolio after week 52 of year 11.
| Weekly Change | |||
| Cash | £98.44 | +£0 | |
| Portfolio cost | £113,855.00 | -£2,635.29 | |
| Portfolio sell value (bid price-commission) | £29,933.24 | (-73.7%) | -£850.44 |
| Potential profits | £280.52 | +£4.96 | |
| Yr 11 Dividends | £86.83 | +£0 | |
| Yr 11 Interest | £1.82 | +£0 | |
| Yr 11 Profit from sales | -£1,762.15 | -£2,635.29 | |
| Yr 11 proj avg monthly profit | -£147.25 | (-2.0%) | -£221.02 |
| Total Dividends | £12,574.90 | +£0 | |
| Total Interest | £10.39 | +£0 | |
| Total Profit from sales | £15,798.12 | -£2,635.29 | |
| Average monthly cash profit | £210.03 | (2.9%) | -£20.36 |
| (Sold stocks profit + Dividends - Fees / Months) |
The end of Year 11 is marked by taking a £2,635 loss on KIBO:Kibo Energy after they de-listed from AIM. I knew it was coming, and it obliterates all my profits in Year 11 and takes me to a £1,762 loss altogether. That's a -2% return for the year. Fortunately it only damages my long term performance by £20 a month, but a 2.9% return given I have a paper loss of 73% is pretty dreadful. This is a fine example of how to lose money on the stock market.
The sell value dropped by an additional £850 thanks to JLP:Jubilee Metals, but potential profits rose by a mighty £4.
The decline continues
Taking the loss actually moves me up above the trend line, which is a crumb of comfort.
A steep dive in profits, with no sign of being able to make up for it.
Cash increased thanks to a tax rebate and £22 dividend from ATYM:Atalya Mining and £18 dividend from III:3i Group. The recovery in gold shares helped improve value by £1,462 and £918 of that was increased potential profit.
Feels like a while since a week was this positive
Still below the trend line though.
I'm hoping we'll get a JLP:Jubilee Metals production update next week, although it may be bitter sweet if it's below expectations, and JLP have a pretty good track record for doing just that. I really should have known from previous experience that they produce so much hot air and gloss over major issues. Investing so much on the assumption that the copper business would be a great success was a mistake. I've got so much of my SIPP stuck in this and it should never have gone near it. I think I have learned my lesson now, but it might be a very expensive lesson.
The decline continues
Taking the loss actually moves me up above the trend line, which is a crumb of comfort.
A steep dive in profits, with no sign of being able to make up for it.
The SIPP looks like this after week 556 overall and week 36 of year 11.
| Weekly Change | ||||
| Cash | £413.10 | +£102.85 | ||
| Portfolio cost | £163,385.47 | +£0 | ||
| Portfolio sell value (bid price - commission) | £90,598.26 | (-44.5%) | +£1,462.80 | |
| Potential profits | £9,625.80 | +£918.54 | ||
| Yr 11 Dividends | £1.623.64 | +£40.35 | ||
| Yr 11 Interest | £15.48 | +£0 | ||
| Yr 11 Profit from sales | £9,419.73 | +£0 | ||
| Yr 11 proj avg monthly profit | £1,313.31 | (15.5%) | -£32.53 | |
| Total Dividends | £19,843.84 | +£40.35 | ||
| Total Interest | £36.18 | +£0 | ||
| Total Profit from sales | £34,086.24 | +£0 | ||
| Average monthly cash profit | £406.81 | (4.8%) | -£0.42 |
Cash increased thanks to a tax rebate and £22 dividend from ATYM:Atalya Mining and £18 dividend from III:3i Group. The recovery in gold shares helped improve value by £1,462 and £918 of that was increased potential profit.
Feels like a while since a week was this positive
Still below the trend line though.
I'm hoping we'll get a JLP:Jubilee Metals production update next week, although it may be bitter sweet if it's below expectations, and JLP have a pretty good track record for doing just that. I really should have known from previous experience that they produce so much hot air and gloss over major issues. Investing so much on the assumption that the copper business would be a great success was a mistake. I've got so much of my SIPP stuck in this and it should never have gone near it. I think I have learned my lesson now, but it might be a very expensive lesson.
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