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 04/11/11): | Close (Friday 11/11/11): | Percentage Change: |
XJO | 4281 | 4296 | 0.35% |
XSO | 2395 | 2424 | 1.21% |
This week the XSO outperformed the XJO by a factor of (almost) four. As I have mentioned in my previously weekly updates we needed to see improved strength in the Small Ordinaries for any long term rally in the stock market to be sustained. Once people start investing in small cap stocks and pushing their prices higher (relative to large caps) then we know that risk is definitely on again. So this week was relatively flat for the top 200, and the XJO only closed up 0.35%, whereas the XSO powered ahead and finished the week up 1.21%.This may be the beginning of a more sustained rally, but we will have to wait for next week’s results to have a clearer picture.
Code: | Weighting: | Share Price Friday (04/11/2011) | Share Price Friday (11/11/2011) | Percentage Change: | Weighted Change: |
OBJ | 23.57% | 0.023 | 0.023 | 0.00% | 0.00% |
MHM | 8.26% | 0.860 | 0.970 | 12.79% | 1.06% |
KGL | 17.81% | 0.100 | 0.097 | -3.00% | -0.53% |
KGL #2 | 5.69% | 0.100 | 0.097 | -3.00% | -0.17% |
Cash | 44.66% | 0% | 0.00% | ||
TOTAL | 100.00% | 2.264% | 0.35% |
In regard to my stocks OBJ took a bit of a breather this week and closed flat. I am quite positive about this as it appears as those investors are happy to accumulate at higher prices (2.3 – 2.5ish). If we can get some sustained buying through next week we may be able to get above support 2.5/2.6c and establish a new platform from which to launch higher on the back of our next announcement.
For those of you who follow my blog closely you will know that I added to my KGL position on Monday. I purchased at 10cents and they closed the week at 0.097, so a loss of 3%. This was largely due to a massive seller who was wiping entire buy lines every now and then. Why was he doing it? I don’t know. Do I care? Of course not. The week did however finish on a positive note with the new Intersuisse report being released on the Kentor website. Their valuation was 55 cents!
Finally, to MHM, the stand out performer of the week! Up another 12.79% to finish at 0.97 cents. It is hard to believe a few weeks ago this was in the low 50’s and with hindsight we all wish we could have bought more then. I still want to add to my MHM holding and was originally waiting for the US plant announcement, but with the price jumping so fast I may have missed my opportunity for now. I will wait and see how next week pans out. Unfortunately MHM only represents 8.26% of my portfolio (based on last week’s value) so on a weighted basis that 12.79% only equates to a 1.06% increase. As a result the portfolio was relatively flat and finished the week up 0.35%.
Code: | Weighting: | Share Price Friday (04/11/2011) | Share Price Friday (11/11/2011) | Percentage Change: | Weighted Change: |
OBJ | 42.60% | 0.023 | 0.023 | 0.00% | 0.00% |
MHM | 14.93% | 0.860 | 0.970 | 12.79% | 1.91% |
KGL | 32.18% | 0.100 | 0.097 | -3.00% | -0.97% |
KGL #2 | 10.29% | 0.100 | 0.097 | -3.00% | -0.31% |
TOTAL | 0.64% |
Removing cash from the equation improves the situation slightly and shows the portfolio up 0.64%.
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