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 10/02/12): | Close (Friday 17/02/12): | Percentage Change: |
XJO | 4245 | 4195 | -1.18% |
XSO | 2447 | 2412 | -1.43% |
This week the ASX 200 fell 1.18% with the Small Ords faring slightly worse to close down 1.43%. If you pull up a weekly chart you can see that we were due for a pause eventually so I guess one or two down weeks is not to be entirely unexpected.
Code: | Weighting: | Share Price Friday (10/02/2012) | Share Price Friday (17/02/2012) | Percentage Change: | Weighted Change: |
OBJ | 21.59% | 0.021 | 0.020 | -4.76% | -1.03% |
MHM | 16.82% | 0.805 | 0.775 | -3.73% | -0.63% |
KGL | 27.47% | 1.165 | 1.070 | -8.15% | -2.24% |
Trading | 13.31% | 1.165 | 1.070 | -8.15% | -1.09% |
Cash | 20.81% | 0% | 0.00% | ||
TOTAL | 100.00% | -8.266% | -4.98% |
Unfortunately my portfolio continues to drop. After putting in a solid week last week, OBJ pulled back to 0.02 cents for a fall of 4.76%.
MHM continues to drop and closed the week at 0.775 cents. My timing with this stock (on both occasions that I bought) has been absolutely horrendous. The fundamentals do however back a higher share price. First we need to see more details on the US operations and a quarter or two of stronger results from our Aussie Plant which is not too far away now that they have sorted out the AL80 issues and are running at full capacity. It is certainly a stock that tests your patients.
Kentor Gold (and the trading parcel) continued to fall and closed the week at 1.07. I think this is in part due to the consolidation that has reduced volumes and distorted the buy depth, as well as the ongoing delays at Andash.
The portfolio retains 20% which may be deployed in the near future. When I started this portfolio I stated that 4-6 positions was the ideal target and I think that week’s like this really underscore why. Investing in this end of the market is always going to create the potential for delays so buy having an extra 1-3 companies in the mix, hopefully when one is delayed the other isn’t. The problem of course is finding companies that meet my criteria.
Code: | Weighting: | Share Price Friday (10/02/2012) | Share Price Friday (17/02/2012) | Percentage Change: | Weighted Change: |
OBJ | 27.27% | 0.021 | 0.020 | -4.76% | -1.30% |
MHM | 21.24% | 0.805 | 0.775 | -3.73% | -0.79% |
KGL | 34.69% | 1.165 | 1.070 | -8.15% | -2.83% |
Trading | 16.81% | 1.165 | 1.070 | -8.15% | -1.37% |
TOTAL | 100.00% | -6.29% |
Removing cash from the portfolio shows a drop of 6.29%, which is largely due to the overweight holding in Kentor Gold/trading parcel.
Code: | Weighting: | Purchase Price | Current Price: | Percentage Change: | Weighted Change: |
OBJ | 22.93% | 0.023 | 0.020 | -13.04% | -2.99% |
MHM | 22.28% | 1.100 | 0.775 | -29.55% | -6.58% |
KGL | 22.41% | 0.980 | 1.070 | 9.18% | 2.06% |
TOTAL | 67.63% | -7.52% |
The portfolio is now down 7.52%.
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