Weekly Update: Week Ending 25 November 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 18/11/11):	Close (Friday 25/11/11):	Percentage Change:
XJO	4177	3984	-4.62%
XSO	2355	2254	-4.29%

First up, sorry this one is a little late, work got the better of me. Any way last week was fairly disappointing with the market down over 4%. I read the other day that this has been the worse Thanksgiving week in the markets (US) since the 1930’s. As usually the red on the screen coincided with an increase in articles about how the world is doomed from the mass media who have no clue about what is actually happening. I don’t worry about these headlines anymore, I just focus on the fundamentals of the company’s I invest in and the industries in which they operate.

Code:	Weighting:	Share Price Friday (18/11/2011)	Share Price Friday (25/11/2011)	Percentage Change:	Weighted Change:
OBJ	21.82%	0.022	0.019	-13.64%	-2.98%
MHM	9.95%	1.070	0.945	-11.68%	-1.16%
KGL	25.02%	0.110	0.110	0.00%	0.00%
Cash	43.22%			0%	0.00%
TOTAL	100.00%			-8.440%	-4.14%

The worse performer of the week was OBJ, who got smacked down 13.94%. It was a bit of a shame that it dropped so hard, but I guess that’s what happens when people get scared of global events and don’t consider company fundamentals. MHM was also down 11.68% but this was not entirely unexpected. Why? Well last week it was up 10.31%, the week before that 12.79%, the week before than 9.55% and the week before that 15.44%. So I guess one down week can be excused.

Kentor Gold remained flat and the overall the portfolio was down 4.14%, which was a little less than the broader market.

Code:	Weighting:	Share Price Friday (18/11/2011)	Share Price Friday (25/11/2011)	Percentage Change:	Weighted Change:
OBJ	38.43%	0.022	0.019	-13.64%	-5.24%
MHM	17.52%	1.070	0.945	-11.68%	-2.05%
KGL	44.06%	0.110	0.110	0.00%	0.00%
TOTAL	100.00%				-7.29%

Removing cash shows the impact of the large down move in OBJ and highlights an overall decrease of 7.29% on the value of stocks held within the portfolio.

Code:	Weighting:	Purchase Price	Current Price:	Percentage Change:	Weighted Change:
OBJ	22.94%	0.023	0.019	-17.39%	-3.99%
MHM	11.17%	1.195	0.945	-20.92%	-2.34%
KGL	22.42%	0.098	0.110	12.24%	2.74%
TOTAL	56.53%				-3.58%

Overall the portfolio remains slightly underwater, down 3.58%, which is nothing to worry about. If you have just joined my blog I focus on long term fundamentals and expect the real returns to come when each of the above companies release their product/technology/move into production/etc.