Weekly Update: Week Ending 13 January 2012

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 06/01/12):	Close (Friday 06/01/12):	Percentage Change:
XJO	4108	4195	2.12%
XSO	2248	2314	2.94%

Again please accept my apologies for the late weekly report, crazy times at work. Any way last week our market continued to head in a positive direction with the XJO managing a gain of 2.12% and the Small Ords outperforming to increase 2.94%. Overall though the market still appears to be stuck in the middle of no man’s land and may stay that way for some time to come.

Code:	Weighting:	Share Price Friday (06/01/2012)	Share Price Friday (13/01/2012)	Percentage Change:	Weighted Change:
OBJ	18.49%	0.018	0.018	0.00%	0.00%
MHM	18.78%	0.900	0.915	1.67%	0.31%
KGL	28.26%	0.120	0.130	8.33%	2.35%
Trading	13.69%	0.120	0.130	8.33%	1.14%
Cash	20.79%			0%	0.00%
TOTAL	100.00%			6.111%	3.81%

The portfolio performed okay last week with KGL being the stand out performer increasing by 8.33%. As I also hold KGL as my trading stock at the moment the portfolio benefited by an additional 1.14% (weighted change). MHM also increased slightly and OBJ remained stuck at 0.018 cents.

Kentor Gold’s increase was largely on the back on the recourse upgrade (with the usual buy the rumour sell the fact taking place) and a general improvement in market sentiment and the price of gold. For the record I continue to hold the trading parcel of KGL so it will be in next week’s report as well.

Code:	Weighting:	Share Price Friday (06/01/2012)	Share Price Friday (13/01/2012)	Percentage Change:	Weighted Change:
OBJ	23.34%	0.018	0.018	0.00%	0.00%
MHM	23.71%	0.900	0.915	1.67%	0.40%
KGL	35.67%	0.120	0.130	8.33%	2.97%
Trading	17.29%	0.120	0.130	8.33%	1.44%
TOTAL	100.00%				3.37%

Excluding cash, which only stands at approximately 20%, shows that the portfolio increased by 3.37%. Virtually all of this increase can be attributed to Kentor Gold.

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	0.915	-16.82%	-3.75%
KGL	22.41%	0.098	0.130	32.65%	7.32%
TOTAL	67.63%				-1.42%

Excluding cash and the trading parcel from the portfolio shows that it is still under water by 1.42%. I don’t see any major movement from OBJ or MHM occurring in the next few weeks (due to announcements) and think Kentor Gold has the best chance of pushing this portfolio into positive territory. I would however love to be proven wrong and see them all increase on the back of a strong announcement.