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 21/10/11): | Close (Friday 29/10/11): | Percentage Change: |
XJO | 4196 | 4353 | 3.74% |
XSO | 2361 | 2434 | 3.09% |
This week the XJO was up 3.74% and the XSO up 3.09%. It was a little strange to see the XJO outperform given that “risk is on” and we saw some strong buying across the board this week. I do however think this reflects the fact that many large cap stocks are undervalued and therefore investors are only just starting to piling back into the big end of town. If this rally is to be sustained I would look for the XSO to start outperforming next week or the one after.
Code: | Weighting: | Share Price Friday (21/10/2011) | Share Price Friday (29/10/2011) | Percentage Change: | Weighted Change: |
OBJ | 19.98% | 0.018 | 0.022 | 22.22% | 4.44% |
MHM | 7.07% | 0.680 | 0.785 | 15.44% | 1.09% |
KGL | 11.40% | 0.097 | 0.097 | 0.00% | 0.00% |
KGL #2 | 7.01% | 0.093 | 0.097 | 4.30% | 0.30% |
Cash | 54.54% | 0% | 0.00% | ||
TOTAL | 13.988% | 5.83% |
In regard to the individual stocks within the portfolio it was a brilliant week with the portfolio increasing in value by 5.83%. This was largely due to the strong increase in OBJ, which was up over 22% following the release of an announcement concerning a Joint Development Agreement with FMCG#2 and MHM which is finally showing some sustained strength after being battered and bruised for a couple of weeks straight. Kentor Gold was the weak performer and closed flat, although it did rally off its mid-week lows. I have included a second line KGL #2. This represents the additional stock I purchased at 0.93 on Thursday and the gain of 4.3% I had made on that purchase by the close of trade on Friday.
The portfolio still has over 50% of its value in cash based on the current value of all stock held and represents circa 45% based on my initial purchase price. If we remove cash from the portfolio we can really see the strengths in some of the moves this week and on a stock only basis the portfolio was up over 12%, outperforming the market by a factor of three.
Code: | Weighting: | Share Price Friday (21/10/2011) | Share Price Friday (29/10/2011) | Percentage Change: | Weighted Change: |
OBJ | 43.95% | 0.018 | 0.022 | 22.22% | 9.77% |
MHM | 15.56% | 0.680 | 0.785 | 15.44% | 2.40% |
KGL | 25.07% | 0.097 | 0.097 | 0.00% | 0.00% |
KGL #2 | 15.42% | 0.093 | 0.097 | 4.30% | 0.66% |
TOTAL | 12.17% |
That’s it for today’s posts guys. I still have a lot of information and opinions in my head that I should be able to write about tomorrow or early next week, but for now it is back to work.
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