Four Weeks Of Annual Leave

Hi Guys,

Fortunately for me (unfortunately for the blog) I will be on annual leave for approximately four weeks. I am going on my first overseas trip in a long time and will not be back until the 18th of April 2012.

Obviously, I will have access to the internet while travelling to ensure that I can keep an eye on my investments. It will however be too hard/time consuming to post in-depth articles or analysis during this period.

I may get one or two posts out while waiting at airports, etc and will be back into the full swing of things as soon as I return.

There have also been two announcements by Kentor Gold out this week which I would like to write about. I am not sure I will get a chance before I leave so check out the announcements below and feel free to let me know your thoughts.

http://www.asx.com.au/asxpdf/20120312/pdf/424yn629d6jz8q.pdf

http://www.asx.com.au/asxpdf/20120314/pdf/425084jqdk3qcf.pdf

Weekly Update: Week Ending 9 March 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 02/03/12):	Close (Friday 09/03/12):	Percentage Change:
XJO	4273	4211	-1.45%
XSO	2504	2458	-1.84%

Sorry for the late report. Flat out preparing for my overseas trip (see next post).

Last week the market was down with the ASX 200 down 1.45% and the Small Ords following suit by dropping 1.84%. At the time the market appeared to be in “no man’s land”. Neither the bulls or bears were really winning and we were waiting for a big move one way or another. 

Code:	Weighting:	Share Price Friday (02/03/2012)	Share Price Friday (09/03/2012)	Percentage Change:	Weighted Change:
OBJ	18.61%	0.020	0.023	15.00%	2.79%
MHM	16.26%	0.860	0.830	-3.49%	-0.57%
KGL	30.30%	1.420	1.460	2.82%	0.85%
Trading	14.68%	1.420	1.460	2.82%	0.41%
Cash	20.16%			0%	0.00%
TOTAL	100.00%			5.715%	3.49%

The portfolio continues to perform okay, with the standout performer being OBJ. The price increased by 0.003 cents or 15%.

Kentor Gold also managed to put on another 2.82%. MHM continues to fall which always seems to be the case when news dries up and closed the week down 3.49%.

Overall the portfolio managed a weighted gain of 3.49%, outpacing the broader market by over 5%.

Code:	Weighting:	Share Price Friday (02/03/2012)	Share Price Friday (09/03/2012)	Percentage Change:	Weighted Change:
OBJ	23.31%	0.020	0.023	15.00%	3.50%
MHM	20.36%	0.860	0.830	-3.49%	-0.71%
KGL	37.95%	1.420	1.460	2.82%	1.07%
Trading	18.39%	1.420	1.460	2.82%	0.52%
TOTAL	100.00%				4.37%

Without cash being considered the gain as 4.37%.

Code:	Weighting:	Purchase Price	Current Price:	Percentage Change:	Weighted Change:
OBJ	22.61%	0.023	0.023	0.00%	0.00%
MHM	21.97%	1.100	0.830	-24.55%	-5.39%
KGL	22.10%	0.980	1.460	48.98%	10.82%
TOTAL	66.68%				5.43%

The portfolio also continued to move further into profit (even when excluding cash) and is now up 5.43%.

February 2012 Monthly Report

February was a very odd month on the market. The ASX 200 only managed to put on 0.84% whereas the Small Ords increased by 6.18%. Such a strong difference suggests to me that investors were selling out of blue chip stocks and investing in the more speculative end of the market.

Market:	January Close	February Close	Percentage Change:
XJO	4262	4298	0.84%
XSO	2379	2526	6.18%

The strength was also reflected in my portfolio. As the numbers below show, both KGL and MHM managed to put on gains. Kentor managed to increase by over 20% with MHM putting on a respectable 5.26%

Code:	Weighting:	Share Price End of January	Share Price End of February	Percentage Change:	Weighted Change:
OBJ	19.21%	0.019	0.019	0.00%	0.00%
MHM	17.57%	0.855	0.900	5.26%	0.92%
KGL	27.83%	1.200	1.460	21.67%	6.03%
Trading	13.48%	1.200	1.460	21.67%	2.92%
Cash	21.91%			0%	0.00%
TOTAL	100.00%			16.199%	9.88%

I continue to hold the trading parcel of Kentor Gold shares as well and remain highly leveraged to any move it its share price.

Out of the total monthly portfolio gain of 9.88%, almost 9% of that (on a weighted basis) was attributed to Kentor Gold.

Code:	Weighting:	Share Price End of January	Share Price End of February	Percentage Change:	Weighted Change:
OBJ	24.60%	0.019	0.019	0.00%	0.00%
MHM	22.49%	0.855	0.900	5.26%	1.18%
KGL	35.64%	1.200	1.460	21.67%	7.72%
TOTAL					8.91%

Removing cash and the trading parcel of Kentor gold shows an increase of 8.91%.

Code:	Weighting:	Purchase Price	Current Price:	Percentage Change:	Weighted Change:
OBJ	22.61%	0.023	0.019	-17.39%	-3.93%
MHM	21.97%	1.100	0.900	-18.18%	-3.99%
KGL	22.10%	0.980	1.460	48.98%	10.82%
Cash	21.30%			0.00%	0.00%
TOTAL	87.98%				2.90%

Finally, the portfolio as a whole (excluding the trading parcel) remains in profit and up 2.90%