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 23/12/11): | Close (Friday 30/12/11): | Percentage Change: |
XJO | 4140 | 4056 | -2.03% |
XSO | 2264 | 2209 | -2.43% |
The market continued to lose ground this week with the ASX 200 dropping just over 2% and the Small Ords faring a little worse to close down 2.43%. Risk is still “off” for Australian Investors in my opinion. Even when the US and European markets were up our market barely took notice. Gold also continued its slide which is seriously affecting a number of gold stocks at the moment.
Code: | Weighting: | Share Price Friday (23/12/2011) | Share Price Friday (30/12/2011) | Percentage Change: | Weighted Change: |
OBJ | 18.70% | 0.018 | 0.018 | 0.00% | 0.00% |
MHM | 18.99% | 0.900 | 0.900 | 0.00% | 0.00% |
KGL | 28.58% | 0.120 | 0.120 | 0.00% | 0.00% |
Cash | 33.72% | 0% | 0.00% | ||
TOTAL | 100.00% | 0.000% | 0.00% |
However, not one of my stocks moved. Everything was completely flat. OBJ and KGL were higher in the week by come 2pm Friday (early close) we were back to square one.
As a result there is not a whole heap to report. The announcement on Kentor Gold’s Andash project still has not been released, however, an article was posted on Hotcopper late on Friday/early this morning that indicates that things are very close. About a week ago I expected the announcement to be released within 3 weeks. One week has passed, we have at most another two to go, with Monday and Tuesday looking like strong candidates to be the release date (IMO).
Code: | Weighting: | Share Price Friday (23/12/2011) | Share Price Friday (30/12/2011) | Percentage Change: | Weighted Change: |
OBJ | 28.21% | 0.018 | 0.018 | 0.00% | 0.00% |
MHM | 28.66% | 0.900 | 0.900 | 0.00% | 0.00% |
KGL | 43.13% | 0.120 | 0.120 | 0.00% | 0.00% |
TOTAL | 100.00% | 0.00% |
Without cash the picture obviously remains the same with no change in share price.
The portfolios performance also remains the same from last week.
Code: | Weighting: | Purchase Price | Current Price: | Percentage Change: | Weighted Change: |
OBJ | 22.94% | 0.023 | 0.018 | -21.74% | -4.99% |
MHM | 22.29% | 1.100 | 0.900 | -18.18% | -4.05% |
KGL | 22.41% | 0.098 | 0.120 | 22.45% | 5.03% |
TOTAL | 67.63% | -4.01% |
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