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 9/12/11): | Close (Friday 16/12/11): | Percentage Change: |
XJO | 4203 | 4159 | -1.05% |
XSO | 2359 | 2317 | -1.78% |
The broader market continued to fall last week with the ASX 200 closing down just over 1%. The Small Ords fared slightly worse and ended the week down 1.78%, which indicates that investors are shying away from the riskier/smaller cap stocks.
Code: | Weighting: | Share Price Friday (9/12/2011) | Share Price Friday (16/12/2011) | Percentage Change: | Weighted Change: |
OBJ | 19.08% | 0.019 | 0.019 | 0.00% | 0.00% |
MHM | 20.70% | 1.015 | 0.995 | -1.97% | -0.41% |
KGL | 27.63% | 0.120 | 0.115 | -4.17% | -1.15% |
Cash | 32.59% | 0% | 0.00% | ||
TOTAL | 100.00% | -2.046% | -1.56% |
On an individual stock basis it was a very disappointing week. MHM only closed down 1.97%, but that hides the true picture because on Monday it closed at $1.09 in anticipation of the US Site Selection Announcement. Unfortunately it failed to excite the market and this, combined with the general negative sentiment pulled the stock down for the rest of the week.
OBJ also gave up intra-week highs, but given the negative market sentiment it was pleasing to see it close flat at 1.9 cents.
Kentor Gold was the worst performer and closed down 4.17%. I believe this is largely due to the fall in gold which was off over $200/oz during the week. We also only have a handful of trading days left until the end of the year so it is getting increasingly likely that any news on Andash may be delayed until January.
Overall the portfolio closed down 1.56% which wasn’t too bad, it is just a shame that MHM in particular was not able to hand on to those highs earlier in the week.
Code: | Weighting: | Share Price Friday (9/12/2011) | Share Price Friday (16/12/2011) | Percentage Change: | Weighted Change: |
OBJ | 28.30% | 0.019 | 0.019 | 0.00% | 0.00% |
MHM | 30.72% | 1.015 | 0.995 | -1.97% | -0.61% |
KGL | 40.98% | 0.120 | 0.115 | -4.17% | -1.71% |
TOTAL | 100.00% | -2.31% |
Removing cash from the portfolio shows a decrease of 2.31%, which is slightly worse than the broader market, but is to be expected on weeks when gold and the broader market take a hit.
Finally we have the summary of positions detailing the initial purchase price compared to the closing price on Friday. By now it is painting a very familiar picture with MHM and OBJ still below our buy price and KGL the only one showing a profit for the time being.
Code: | Weighting: | Purchase Price | Current Price: | Percentage Change: | Weighted Change: |
OBJ | 22.94% | 0.023 | 0.019 | -17.39% | -3.99% |
MHM | 22.29% | 1.100 | 0.995 | -9.55% | -2.13% |
KGL | 22.41% | 0.098 | 0.115 | 17.35% | 3.89% |
TOTAL | 67.63% | -2.23% |
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