December Monthly Report

December Monthly Report

I have just run the numbers for the December monthly report and the funny thing is I don’t remember it being as bad as the numbers suggest. I guess I may have become accustom to the fairly poor markets we have been experiencing for the last six or so months. Anyway, on to the numbers:

Market:	Close November	Close December	Percentage Change:
XJO	4119	4056	-1.53%
XSO	2315	2209	-4.58%

The ASX 200 (XJO) dropped by 1.53% during the month, however, the real pain was felt in the small cap space with the index being dragged 4.58% lower. Clearly the appetite for risk was non-existence and traders/investors were happy to dump their more speculative holdings.

Code:	Weighting:	Share Price End of November	Share Price End of December	Percentage Change:	Weighted Change:
OBJ	20.13%	0.021	0.019	-9.52%	-1.92%
MHM	20.16%	1.035	0.855	-17.39%	-3.51%
KGL	28.58%	0.130	0.120	-7.69%	-2.20%
Cash	31.13%			0%	0.00%
TOTAL				-11.536%	-7.62%

November was a strong month for my portfolio, so I did expect a little bit of a pull back, but the 7.62% fall was certainly more than I expected. Especially with the good news surrounding MHM and the impending release of new of Andash and Jervois by KGL.

The worse performing stock was MHM that was smashed 17.39%. The market clearly needs more details on their US operations before any meaningful re-rate in the stocks share price. OBJ and KGL also fell with a fall of 9.52% and 7.69% witnessed in each stock respectively.

Code:	Weighting:	Share Price End of November	Share Price End of December	Percentage Change:	Weighted Change:
OBJ	29.23%	0.021	0.019	-9.52%	-2.78%
MHM	29.27%	1.035	0.855	-17.39%	-5.09%
KGL	41.49%	0.130	0.120	-7.69%	-3.19%
TOTAL					-11.07%

Removing cash paints an even uglier picture with the stocks falling by 11.07%. I know my portfolio is largely a waiting game until the company’s I invest in are able to achieve their predicted milestones but it is never easy seeing figures like that.

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	0.855	-22.27%	-4.96%
KGL	22.41%	0.098	0.120	22.45%	5.03%
Cash	32.37%			0.00%	0.00%
TOTAL	100.00%				-3.92%

The portfolio as a whole remains 3.92% underwater which is not too bad considering the market we are in. I expect this figure will drastically change in 2012 as we start to see some more concrete and positive news flow from each company in the portfolio (IMO).