Weekly Update - Week Ending 2 September 2011

To calculate the weekly performance on my portfolio I take the close from last Friday to work out the percentage increase/decrease in each stock. This is compared to the ASX 200 (Code: XJO) and the Small Ords (XSO). The Small Ords is comprised of companies included in the ASX 300 index, but not in the ASX 100 index. I include the Small Ords in my comparison as it helps highlight the markets appetite for risk.

Market:	Close (Friday 26/08/11):	Close (Friday 26/08/11):	Percentage Change:
XJO	4200	4242	1.00%
XSO	2448	2475	1.10%

This week saw the XJO close at 4242, a gain of 1% for the week. The XSO outperformed by the slightest of margins closing up 1.10% to 2475. Next week will certainly be interesting with the Dow and European markets getting hit hard on Friday night after the release of some poor job figures in the US. The Aussie market did close lower on Friday and may have priced in some of these falls already.

In regard to my individual stocks it was certainly an interesting week. I added a new stock to the portfolio, Kentor Gold, and also saw MHM rocket up 10% on Wednesday. It was however unable to hold onto those gains and only closed up 4.32% for the week. OBJ remained flat at 0.018 and KGL closed at 0.98 down 2% from my initial purchase price of 0.10. As KGL was not part of the portfolio for an entire week I have used my purchase price of 0.10 rather than the close from last Friday when calculating my portfolios performance.

Code:	Weighting:	Share Price (Friday 26/08/11):	Share Price (Friday 02/09/11):	Percentage Change:	Weighted Change:
OBJ	25.66%	0.018	0.018	0.00%	0.00%
MHM	12.50%	0.81	0.845	4.32%	0.54%
KGL	11.81%	0.10	0.098	-2.00%	-0.24%
Cash	50.03%			0%	0.00%
TOTAL				0.774%	0.30%

As the above shows the portfolio closed up 0.30% for the week. The loss from KGL was more than offset by MHM and the large cash holding moderated any gains.

If we remove cash from the equation MHM’s 4.32% rise and KGLs 2% drop takes on more significance and results in an overall increase of 0.61%.

Code:	Weighting:	Share Price (Friday 26/08/11):	Share Price (Friday 02/09/11):	Percentage Change:	Weighted Change:
OBJ	51.37%	0.018	0.018	0.00%	0.00%
MHM	25.01%	0.81	0.845	4.32%	1.08%
KGL*	23.63%	0.10	0.098	-2.00%	-0.47%
TOTAL					0.61%