The market doesn't make sense to me.
JLP:Jubilee Platinum issued an RNS this morning to announce yet another deal to process tailings for platinum. They have purchased rights to 1.25 million tonnes of tailings, either to be trucked to Hernic for processing or by building a processing plant at the site.
The slight negative was that the money to pay for the tailings came from a placing of 66 million shares at 5p, which is quite a discount to the 5.9p they were costing yesterday afternoon.
However, this is a relatively small dilution for something that will generate far, far greater profits.
The share price tanked this morning, and although it has recovered slightly, they are still over 5% down on the day.
One of the problems with having a day off is that I have too much time to examine my portfolio, so I did, and made a few changes.
MSHL:Marshalls were meant to be a solid, dividend-paying FTSE250 company - a sensible share. Since Brexit they have been rubbish, and I've been building increasing resentment against them. That has waned slightly as their share price has done amazingly well since results on Wednesday. I still decided now was the time to sell.
I sold for 353.13p making a loss of £21.37 (3%), but if you include the dividend from last year I made a profit of £2.43 - huzzah! This liberated £697.31
The other share I dumped has been driving me mad. It was a mistake to buy in the first place and has been a fairly sorry tale of cuts in production, customers not paying, and no good news in the 18 months I've owned them. I sold my holding in WRL:Wentworth Resources for £140.65 (21.4%) loss and felt a massive surge of relief to be rid of them. This liberated £521.65.
So that enabled me to buy another 23,547 shares in JLP:Jubilee Platinum at 5.48p which is a bargain, costing £1,299.33. Jubilee now makes up 10.8% of my portfolio with 151,393 shares costing £6,544.89 but even at this depressed price, worth £8,366.46, so making paper profit of £1,821.57.
I'm convinced that as soon as platinum concentrate production is confirmed at Hernic these will get to 10p almost immediately, at which point they will be making £8,558.56 profit. That could be as soon as next week. If that happens, then the loss on WRL:Wentworth Resources will be well worth taking.
It's touch and go whether I'll achieve my dream of reporting a combined portfolio profit this evening. OPTI:Optibiotix is currently up, as is AMYT:Amryt Pharma but only by a tiny amount. There's a £300 buffer, but if JLP:Jubilee Platinum doesn't recover some of today's losses, it will wipe out the buffer and I may end up in the red. Just another hour to wait...
Friday, 17 March 2017
Wednesday, 15 March 2017
Portfolio in profit - Can it last?
It's happened again - the combined portfolios have gone into profit
This is largely thanks to a 6.9% recovery of AMYT:Amryt Pharma to profit, OPTI:Optibiotix climbing a few pence, a recovery in CAML:Central Asia Metals, and a little surge in CWR:Ceres Power and the relentless climb of IQE:IQE.
This is also despite KIBO:Kibo Mining dropping back to 4.75p and clobbering the portfolio really hard, and JLP:Jubilee Platinum still being stuck at 5.5p when it desperately wants to get higher.
More minor contributors include MSHL:Marshalls which was up 9.7% today and is now only losing £37, a slow but relentless increase in TW.:Taylor Wimpey to within 5% of breaking even, and a recovery in TLOU:Tlou Energy.
Every time this has happened in the past, all the gains have been lost on the Friday and the week has ended back at a loss. Will this be the week that my combined portfolio snapshot graph finally sees the green line above the red for the first time ever?
I can but dream...
This is largely thanks to a 6.9% recovery of AMYT:Amryt Pharma to profit, OPTI:Optibiotix climbing a few pence, a recovery in CAML:Central Asia Metals, and a little surge in CWR:Ceres Power and the relentless climb of IQE:IQE.
This is also despite KIBO:Kibo Mining dropping back to 4.75p and clobbering the portfolio really hard, and JLP:Jubilee Platinum still being stuck at 5.5p when it desperately wants to get higher.
More minor contributors include MSHL:Marshalls which was up 9.7% today and is now only losing £37, a slow but relentless increase in TW.:Taylor Wimpey to within 5% of breaking even, and a recovery in TLOU:Tlou Energy.
Every time this has happened in the past, all the gains have been lost on the Friday and the week has ended back at a loss. Will this be the week that my combined portfolio snapshot graph finally sees the green line above the red for the first time ever?
I can but dream...
Monday, 13 March 2017
Platinum Shuffle
I've got a day off today so am poring over the portfolio to see if there are any refinements I can make.
SLP:Sylvania Platinum has always been a frustrating share to own. It feels under-valued, but I'm not sure. The company is cash rich but has never hinted at paying a dividend, yet there are no signs of ambitious growth.
Compare that to JLP:Jubilee Platinum who have multiple projects about to generate healthy revenue, an asset worth billions and a new venture into Australian copper announced yesterday.
If I own shares in a platinum company, I want that to be Jubilee rather than Sylvania.
I sold my SLP:Sylvania Platinum shares for a £156.57 (27.7%) profit, added a teensy amount of cash from my current account, and purchased 17,540 shares in JLP:Jubilee Platinum at 5.65p costing £999.96.
Jubilee now constitutes 8.7% of my portfolio with a total of 127,846 shares. Despite the recent dip in performance, they are still my Star Share, with paper profit of £1,877.97, and at the moment there's great momentum only hampered by warrant sales. I think the main risk to long-term profitability is being taken over prematurely.
It's interesting to see my portfolio gradually consolidating as I weed out the companies that may have done well for me, but where I see an existing holding being a better option. I'm looking at several other shares I could sell, with a view to increasing my holdings in IQE:IQE and CWR:Ceres Power to 10% of the portfolio, but they are making too much of a loss for me to sell now.
There are also a few other shares I'm watching very closely.
ITM:ITM Power are gradually increasing their number of hydrogen fueling stations, and are receiving grants to do so. If public transport in cities switches to hydrogen powered electric fuel cells, then both ITM and Ceres could be significant players.
The other one I'm keeping an eye on is SXX:Sirius Minerals. After making 96.5% profit on my initial holding, the share price has halved so I could buy back in at about the rate I initially purchased. There's no doubt this one will do well long term, and it seems to be holding at the current price so may not drop much lower. A small investment will help me keep on top of news and be prepared to add more when it takes off.
SLP:Sylvania Platinum has always been a frustrating share to own. It feels under-valued, but I'm not sure. The company is cash rich but has never hinted at paying a dividend, yet there are no signs of ambitious growth.
Compare that to JLP:Jubilee Platinum who have multiple projects about to generate healthy revenue, an asset worth billions and a new venture into Australian copper announced yesterday.
If I own shares in a platinum company, I want that to be Jubilee rather than Sylvania.
I sold my SLP:Sylvania Platinum shares for a £156.57 (27.7%) profit, added a teensy amount of cash from my current account, and purchased 17,540 shares in JLP:Jubilee Platinum at 5.65p costing £999.96.
Jubilee now constitutes 8.7% of my portfolio with a total of 127,846 shares. Despite the recent dip in performance, they are still my Star Share, with paper profit of £1,877.97, and at the moment there's great momentum only hampered by warrant sales. I think the main risk to long-term profitability is being taken over prematurely.
It's interesting to see my portfolio gradually consolidating as I weed out the companies that may have done well for me, but where I see an existing holding being a better option. I'm looking at several other shares I could sell, with a view to increasing my holdings in IQE:IQE and CWR:Ceres Power to 10% of the portfolio, but they are making too much of a loss for me to sell now.
There are also a few other shares I'm watching very closely.
ITM:ITM Power are gradually increasing their number of hydrogen fueling stations, and are receiving grants to do so. If public transport in cities switches to hydrogen powered electric fuel cells, then both ITM and Ceres could be significant players.
The other one I'm keeping an eye on is SXX:Sirius Minerals. After making 96.5% profit on my initial holding, the share price has halved so I could buy back in at about the rate I initially purchased. There's no doubt this one will do well long term, and it seems to be holding at the current price so may not drop much lower. A small investment will help me keep on top of news and be prepared to add more when it takes off.
Sunday, 12 March 2017
Week 83 Review
A week of ups and downs, but fortunately more ups than downs, with the combined portfolios gaining £553 and reducing the paper loss to £212, with the overall portfolio sale value going above £60,000 for the first time - Woohoo!!
Last week's Share of the Week is this week's biggest loser, with JLP:Jubilee Platinum dropping 22% and even worse, my SIPP holding dropped 77% as a result of me topping up prior to the price falling further. I can't understand why it fell so far given the relentless news. If news of maiden platinum production at Hernic comes out next week then the gains should be put back straight away.
OPTI:Optibiotix is getting really exciting now, with the announcement of a deal with Sacco giving the share price an 11% boost, but with the big seller still selling, it's not likely to break free just yet.
TND:Tandem Group should have done enough to earn Share of the Week with a climb of 13% after great results. No sign of the re-rate this deserves but there is a lot more hope.
Unfortunately Share of the Week is awarded to BLUR:Blur Group which rose 28% after announcement of another contract. Maybe they won't go bust after all!
Here's the combined ISA and share accounts
Big increase in value of £990 and practically all was reduction of losses, as the big drop in JLP:Jubilee Platinum meant potential profits went down overall. No sales or dividends.
What an absolutely fantastic sight!
The SIPP looks like this after week 67
Portfolio cost is up after re-investing the profits from selling RED:RedT Energy and buying JLP:Jubilee Platinum, which promptly tanked and explains the £464 decline in portfolio value and £715 drop in potential profit. CAML:Central Asian Metals fell another 9% which was very costly. Big plus from the sale is that year 2 profits are above my 10% target, and overall monthly performance sneaked up another £14 and is now a really good 16.3%. With the paper profits at 15.2% the pension is very healthy despite this week's dip.
Worrying trend developing of cost increasing and value at best staying flat
The trading account looks like this after week 33
A slight recovery in REDS:RedstoneConnect sees the portfolio value sneak up £27, but the boost to allow a sale is nowhere in sight.
Going in the right direction, but slowly.
This week has been a relentless stream of exciting news. I doubt next week can match it, but I'm hoping the share prices will start to reflect the true value of last week's news and break through the final £212 to take the portfolio into paper profit.
Last week's Share of the Week is this week's biggest loser, with JLP:Jubilee Platinum dropping 22% and even worse, my SIPP holding dropped 77% as a result of me topping up prior to the price falling further. I can't understand why it fell so far given the relentless news. If news of maiden platinum production at Hernic comes out next week then the gains should be put back straight away.
OPTI:Optibiotix is getting really exciting now, with the announcement of a deal with Sacco giving the share price an 11% boost, but with the big seller still selling, it's not likely to break free just yet.
TND:Tandem Group should have done enough to earn Share of the Week with a climb of 13% after great results. No sign of the re-rate this deserves but there is a lot more hope.
Unfortunately Share of the Week is awarded to BLUR:Blur Group which rose 28% after announcement of another contract. Maybe they won't go bust after all!
Here's the combined ISA and share accounts
| Weekly Change | |||
| Portfolio cost | £42,680.95 | +£0 | |
| Portfolio sell value (bid price - commission) | £40,048.00 | (-6.2%) | +£990.13 |
| Potential profits | £3,200.23 | -£73.99 | |
| Yr 2 Dividends | £357.10 | +£0 | |
| Yr 2 Profit from sales | £3,409.68 | +£0 | |
| Yr 2 Average monthly cash profit | £522.87 | -£17.43 | |
| Yr 2 Avg annual % of current portfolio cost | 14.7% | ||
| Total Dividends | £1,025.03 | +£0 | |
| Total Profit from sales | £7,249.94 | +£0 | |
| Average monthly cash profit | £427.51 | -£5.21 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 12.0% |
Big increase in value of £990 and practically all was reduction of losses, as the big drop in JLP:Jubilee Platinum meant potential profits went down overall. No sales or dividends.
What an absolutely fantastic sight!
The SIPP looks like this after week 67
| Weekly Change | |||
| Portfolio cost | £16,776.69 | +£259.52 | |
| Portfolio sell value (bid price - commission) | £19,329.57 | (+15.2%) | -£464.50 |
| Potential profits | £3,085.25 | -£715.48 | |
| Yr 2 Dividends | £0 | +£0 | |
| Yr 2 Profit from sales | £842.07 | +£266.22 | |
| Yr 2 Average monthly cash profit | £146.99 | +£43.77 | |
| Yr 2 Avg annual % of current portfolio cost | 10.5% | ||
| Total Dividends | £413.19 | +£0 | |
| Total Profit from sales | £3,191.93 | +£266.22 | |
| Average monthly cash profit | £228.08 | +£14.03 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 16.3% |
Portfolio cost is up after re-investing the profits from selling RED:RedT Energy and buying JLP:Jubilee Platinum, which promptly tanked and explains the £464 decline in portfolio value and £715 drop in potential profit. CAML:Central Asian Metals fell another 9% which was very costly. Big plus from the sale is that year 2 profits are above my 10% target, and overall monthly performance sneaked up another £14 and is now a really good 16.3%. With the paper profits at 15.2% the pension is very healthy despite this week's dip.
Worrying trend developing of cost increasing and value at best staying flat
The trading account looks like this after week 33
| Weekly Change | |||
| Portfolio cost | £986.03 | +£0 | |
| Cash | £75.59 | +£0 | |
| Portfolio sell value (bid price - commission) | £853.46 | (-13.4%) | +£27.89 |
| Potential profits | £0 | +£0 | |
| Dividends | £0 | +£0 | |
| Profit from sales | £61.57 | +£0 | |
| Average monthly cash profit | £8.08 | -£0.26 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 9.8% |
A slight recovery in REDS:RedstoneConnect sees the portfolio value sneak up £27, but the boost to allow a sale is nowhere in sight.
Going in the right direction, but slowly.
This week has been a relentless stream of exciting news. I doubt next week can match it, but I'm hoping the share prices will start to reflect the true value of last week's news and break through the final £212 to take the portfolio into paper profit.
Tuesday, 7 March 2017
Aborted De-risk Manoeuvre
Over the weekend I looked through my portfolio to see if there was some more de-risking I could do, and further my plans to increase my overall holding in IQE:IQE to 10% of my portfolio.
I decided that the share to sacrifice would be RED:RedT Energy in my SIPP. This was up by 11% and I still have £1,000 worth in my ISA, which I think is the most I should be risking in this volatile share.
This morning the RED:RedT Energy share price went up by 9% so I was in like a shot and sold 12,923 for 10.57p after paying 8.37p, making £266.22 (23.8%) profit.
I was about to re-invest the proceeds in IQE:IQE when I paused. JLP:Jubilee Platinum had soared at the end of last week when the announcement was made that the Tjate mining licence had been approved. This is now my Star Share, but I noticed the price had dropped significantly today.
It appears there are warrants being sold off, and with news of maiden platinum production at Hernic almost certainly imminent, work about to start on a small platinum plant at ASA and rumours of another project in the pipeline, I couldn't help myself.
I bought another 22,525 at 5.955p costing £1,350.31 taking my total holding to 110,306. This is now 7% of my portfolio and I really believe it has the potential to be huge, with a multi-billion dollar asset at Tjate and imminent low-cost platinum production. The biggest risk to potential wealth is that a takeover bid comes in while the market cap is still only £58.6m.
Despite the drop in share price this week, JLP:Jubileee Platinum is still my Star Share by £600 with potential profit of £1,840. The nearest rival is CAML:Central Asia Metals at £1,257 despite a recent dip, and not far behind is IQE:IQE on £1,208.
OPTI:Optibiotix is still Nemesis Share, losing £1,005. KIBO:Kibo Mining isn't far behind losing £991, and AFG:Aquatic Food is losing £972. Rather amazing really, as I thought Nemesis Share would be AFPO:African Potash by now, as it's down 101% and would cost me £6.38 if I were to sell it, losing £714. They've just paid their director's salaries in shares the cash is so tight. Normally I'd be encouraged by that, but it smacks of desperation.
It's been a very eventful day even without my sale and purchase. BLUR:Blur Group announced a new contract and the price finished the day up by 118%. At one point during the day it was up over 200% so someone made a lot of money. Despite this, my holding is still 60% down and I doubt will be in profit for a long, long time if ever.
There were three other double-digit risers today, with RED:RedT Energy climbing 11% and prompting me to sell half my holding. If I'd waited a few more hours I would have got 2% more than I got and paid 3% less for JLP:Jubileee Platinum - never mind...
RED:RedstoneConnect was up 10% after announcing a swing into profit, which is great news for my trading account where they are only down by £51 so a small increase will see me start thinking about how much short term profit to take.
My most sleepy share TND:Tandem Group climbed a whopping 24% after announcing a very positive trading statement. These are still 40% down and losing £435 but there's a glimmer of hope I'll be able to get rid of them soon, as with a P/E ratio of only 6 and increasing profits, they could be on for a major re-rate.
Great news that both AMYT:Amryt Pharma and OPTI:Optibiotix have recovered a little, off-setting the effect of the (temporary) drop in JLP:Jubilee Platinum so I'm only down by £162 on last week despite banking a load of profit.
Tomorrow LOOK:Lookers release their results and based on previous trading statements I expect them to be good. That share has been really irritating as it's been 30% down ever since Brexit and has a puny P/E ratio of just 10. The market for second hand cars is strong, and they have made some great acquisitions lately, but I have £2,000 tied up in them and am losing £607. They are in my standard share account so I would love to be able to sell them for a small profit and transfer the funds to my ISA in April to add some more IQE:IQE, but I may be too late if the price of IQE keeps going up at this rate.
I have a feeling that if a number of things could all come together over the next few days, there's a real hope the combined portfolio could finally get into profit. Every time it looks imminent something horrible scuppers it, but this week I may just hold my breath...
I decided that the share to sacrifice would be RED:RedT Energy in my SIPP. This was up by 11% and I still have £1,000 worth in my ISA, which I think is the most I should be risking in this volatile share.
This morning the RED:RedT Energy share price went up by 9% so I was in like a shot and sold 12,923 for 10.57p after paying 8.37p, making £266.22 (23.8%) profit.
I was about to re-invest the proceeds in IQE:IQE when I paused. JLP:Jubilee Platinum had soared at the end of last week when the announcement was made that the Tjate mining licence had been approved. This is now my Star Share, but I noticed the price had dropped significantly today.
It appears there are warrants being sold off, and with news of maiden platinum production at Hernic almost certainly imminent, work about to start on a small platinum plant at ASA and rumours of another project in the pipeline, I couldn't help myself.
I bought another 22,525 at 5.955p costing £1,350.31 taking my total holding to 110,306. This is now 7% of my portfolio and I really believe it has the potential to be huge, with a multi-billion dollar asset at Tjate and imminent low-cost platinum production. The biggest risk to potential wealth is that a takeover bid comes in while the market cap is still only £58.6m.
Despite the drop in share price this week, JLP:Jubileee Platinum is still my Star Share by £600 with potential profit of £1,840. The nearest rival is CAML:Central Asia Metals at £1,257 despite a recent dip, and not far behind is IQE:IQE on £1,208.
OPTI:Optibiotix is still Nemesis Share, losing £1,005. KIBO:Kibo Mining isn't far behind losing £991, and AFG:Aquatic Food is losing £972. Rather amazing really, as I thought Nemesis Share would be AFPO:African Potash by now, as it's down 101% and would cost me £6.38 if I were to sell it, losing £714. They've just paid their director's salaries in shares the cash is so tight. Normally I'd be encouraged by that, but it smacks of desperation.
It's been a very eventful day even without my sale and purchase. BLUR:Blur Group announced a new contract and the price finished the day up by 118%. At one point during the day it was up over 200% so someone made a lot of money. Despite this, my holding is still 60% down and I doubt will be in profit for a long, long time if ever.
There were three other double-digit risers today, with RED:RedT Energy climbing 11% and prompting me to sell half my holding. If I'd waited a few more hours I would have got 2% more than I got and paid 3% less for JLP:Jubileee Platinum - never mind...
RED:RedstoneConnect was up 10% after announcing a swing into profit, which is great news for my trading account where they are only down by £51 so a small increase will see me start thinking about how much short term profit to take.
My most sleepy share TND:Tandem Group climbed a whopping 24% after announcing a very positive trading statement. These are still 40% down and losing £435 but there's a glimmer of hope I'll be able to get rid of them soon, as with a P/E ratio of only 6 and increasing profits, they could be on for a major re-rate.
Great news that both AMYT:Amryt Pharma and OPTI:Optibiotix have recovered a little, off-setting the effect of the (temporary) drop in JLP:Jubilee Platinum so I'm only down by £162 on last week despite banking a load of profit.
Tomorrow LOOK:Lookers release their results and based on previous trading statements I expect them to be good. That share has been really irritating as it's been 30% down ever since Brexit and has a puny P/E ratio of just 10. The market for second hand cars is strong, and they have made some great acquisitions lately, but I have £2,000 tied up in them and am losing £607. They are in my standard share account so I would love to be able to sell them for a small profit and transfer the funds to my ISA in April to add some more IQE:IQE, but I may be too late if the price of IQE keeps going up at this rate.
I have a feeling that if a number of things could all come together over the next few days, there's a real hope the combined portfolio could finally get into profit. Every time it looks imminent something horrible scuppers it, but this week I may just hold my breath...
Friday, 3 March 2017
Week 82 Review
I'm starting to really dislike Fridays. The number of times Thursday has ended great and I've been all set for a bumper weekly update, and Friday comes along and buggers it all up. Yesterday I was within £70 of breaking even on the combined portfolios, and now I'm £766 in the red thanks to OPTI:Optibiotix losing all this week's gains and KIBO:Kibo Mining dropping back below 5p after getting above it in mid-week. I shouldn't be too grumpy, as this position is still £1,485 better than it was last week, so it has been a stunning week despite Friday.
Worst loser this week was TLOU:Tlou Energy dropping 14% so I'm really happy I sold nearly half my holding last week. SLP:Sylvania Platinum suffered from profit taking and dropped 11%, and rather surprisingly given the price of copper, CAML:Central Asia Metals dropped 10% very quietly over the week which is hundreds of pounds gone off my paper profits.
There were good news stories though, with IQE:IQE climbing 10%, but the biggest good news story was JLP:Jubilee Platinum which climbed a staggering 54% and is not only Share of the Week, but has booted CAML:Central Asia Metals off the Star Share position with a stunning £2,686.85 potential profit.
The share and ISA portfolios look like this
Big boost to profits from JLP:Jubilee Platinum. It single-handedly saved the portfolio this week as there wasn't much else to smile about. No dividends or sales so average performance drops off a tiny amount.
Go green line go!
The SIPP looks like this after week 66
Not sure what happened with the portfolio cost - I suspect a typo last week as there's nothing to account for the vanishing £8.02. Most of the increase in profit was thanks to JLP:Jubilee Platinum, with a contribution from IQE:IQE which has moved from loss to £89 profit this week.
Green line establishing its upward trend once more.
The trading account looks like this after week 32
KIBO:Kibo Mining snuck up a tiny bit but RED:RedstoneConnect dropped a teeny bit, so we're £10 better off.
Troubling. Hope I don't have to wait as long to sell these as I did the last time!
Interesting news from KIBO:Kibo Mining about the reverse takeover of OPRA:Opera Investments to set up the new company Katoro Mining. Kibo get 61m shares as part of the deal, which would be one share for every 6 of Kibo's. I'm hoping these shares will be destined for shareholders, as I would get 11,846 which at 6p a share would be worth £710.76. That would be nice!
Worst loser this week was TLOU:Tlou Energy dropping 14% so I'm really happy I sold nearly half my holding last week. SLP:Sylvania Platinum suffered from profit taking and dropped 11%, and rather surprisingly given the price of copper, CAML:Central Asia Metals dropped 10% very quietly over the week which is hundreds of pounds gone off my paper profits.
There were good news stories though, with IQE:IQE climbing 10%, but the biggest good news story was JLP:Jubilee Platinum which climbed a staggering 54% and is not only Share of the Week, but has booted CAML:Central Asia Metals off the Star Share position with a stunning £2,686.85 potential profit.
The share and ISA portfolios look like this
| Weekly Change | |||
| Portfolio cost | £42,680.95 | +£0 | |
| Portfolio sell value (bid price - commission) | £39,057.87 | (-8.5%) | +£1,184.57 |
| Potential profits | £3,274.22 | +£1,134.75 | |
| Yr 2 Dividends | £357.10 | +£0 | |
| Yr 2 Profit from sales | £3,409.68 | +£0 | |
| Yr 2 Average monthly cash profit | £540.30 | -£19.19 | |
| Yr 2 Avg annual % of current portfolio cost | 15.2% | ||
| Total Dividends | £1,025.03 | +£0 | |
| Total Profit from sales | £7,249.94 | +£0 | |
| Average monthly cash profit | £432.72 | -£5.54 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 12.2% |
Big boost to profits from JLP:Jubilee Platinum. It single-handedly saved the portfolio this week as there wasn't much else to smile about. No dividends or sales so average performance drops off a tiny amount.
Go green line go!
The SIPP looks like this after week 66
| Weekly Change | |||
| Portfolio cost | £16,517.17 | -£8.02 | |
| Portfolio sell value (bid price - commission) | £19,534.55 | (+18.3%) | +£299.11 |
| Potential profits | £3,800.73 | +£307.60 | |
| Yr 2 Dividends | £0 | +£0 | |
| Yr 2 Profit from sales | £575.85 | +£0 | |
| Yr 2 Average monthly cash profit | £103.22 | -£6.02 | |
| Yr 2 Avg annual % of current portfolio cost | 7.5% | ||
| Total Dividends | £413.19 | +£0 | |
| Total Profit from sales | £2,925.71 | +£0 | |
| Average monthly cash profit | £214.05 | -£3.75 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 15.6% |
Not sure what happened with the portfolio cost - I suspect a typo last week as there's nothing to account for the vanishing £8.02. Most of the increase in profit was thanks to JLP:Jubilee Platinum, with a contribution from IQE:IQE which has moved from loss to £89 profit this week.
Green line establishing its upward trend once more.
The trading account looks like this after week 32
| Weekly Change | |||
| Portfolio cost | £986.03 | +£0 | |
| Cash | £75.59 | +£0 | |
| Portfolio sell value (bid price - commission) | £825.57 | (-16.3%) | +£10.21 |
| Potential profits | £0 | +£0 | |
| Dividends | £0 | +£0 | |
| Profit from sales | £61.57 | +£0 | |
| Average monthly cash profit | £8.34 | -£0.27 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 10.1% |
KIBO:Kibo Mining snuck up a tiny bit but RED:RedstoneConnect dropped a teeny bit, so we're £10 better off.
Troubling. Hope I don't have to wait as long to sell these as I did the last time!
Interesting news from KIBO:Kibo Mining about the reverse takeover of OPRA:Opera Investments to set up the new company Katoro Mining. Kibo get 61m shares as part of the deal, which would be one share for every 6 of Kibo's. I'm hoping these shares will be destined for shareholders, as I would get 11,846 which at 6p a share would be worth £710.76. That would be nice!
Thursday, 2 March 2017
Jubilee Platinum Soars
At last! The mining licence was granted for Tjate and JLP:Jubilee Platinum has gone into orbit!
The share price was up 50% at one point, but settled to an increase of 36% on more than 100 million trades.
This propelled Jubilee straight into the position of Star Share, making potential profit of £2,555. The ISA holding is up by 63%, share account by 88% and SIPP by 103%,
This is on the day of the news - and before the news has broken on platinum production at Hernic
The 18 month wait and regular top-ups on dips have all paid off.
This is the first time one of my favourite shares has done something like this on news. It's brilliant - and I've loved reading all the comments on the Advfn bulletin board - lots of very happy holders.
The impact on the main portfolio has been staggering, with the combined value up by £2,181 this week. It's still at a paper loss, but just £70. I could be writing a very happy end of week review tomorrow, especially if momentum builds and Jubilee climbs some more, as 6.326p is still ridiculously cheap.
Booked a flight to Costa Rica today - and is cost less than half what Jubilee made me! Woohoo!!
There haven't been many days like this so I'm going to make the most of it. Time for the pub and a celebratory pint!
The share price was up 50% at one point, but settled to an increase of 36% on more than 100 million trades.
This propelled Jubilee straight into the position of Star Share, making potential profit of £2,555. The ISA holding is up by 63%, share account by 88% and SIPP by 103%,
This is on the day of the news - and before the news has broken on platinum production at Hernic
The 18 month wait and regular top-ups on dips have all paid off.
This is the first time one of my favourite shares has done something like this on news. It's brilliant - and I've loved reading all the comments on the Advfn bulletin board - lots of very happy holders.
The impact on the main portfolio has been staggering, with the combined value up by £2,181 this week. It's still at a paper loss, but just £70. I could be writing a very happy end of week review tomorrow, especially if momentum builds and Jubilee climbs some more, as 6.326p is still ridiculously cheap.
Booked a flight to Costa Rica today - and is cost less than half what Jubilee made me! Woohoo!!
There haven't been many days like this so I'm going to make the most of it. Time for the pub and a celebratory pint!
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