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 17/02/12): | Close (Friday 17/02/12): | Percentage Change: |
| XJO | 4195 | 4283 | 2.10% |
| XSO | 2412 | 2503 | 3.77% |
It was a good strong week on the markets with the ASX 200 gaining 2.10% and the Small Ords powering ahead by 3.77%. Over the last couple of weeks I have been paying less attention to the general market as all of my stocks seem to be increasing/decreasing in value based on company specific events. That won’t necessarily be the case each week but it is just something I have noticed recently.
| Code: | Weighting: | Share Price Friday (17/02/2012) | Share Price Friday (24/02/2012) | Percentage Change: | Weighted Change: |
| OBJ | 21.64% | 0.020 | 0.019 | -5.00% | -1.08% |
| MHM | 17.04% | 0.775 | 0.900 | 16.13% | 2.75% |
| KGL | 26.55% | 1.070 | 1.220 | 14.02% | 3.72% |
| Trading | 12.86% | 1.070 | 1.220 | 14.02% | 1.80% |
| Cash | 21.90% | | | 0% | 0.00% |
| TOTAL | 100.00% | | | 13.055% | 7.19% |
In regard to my portfolio what can I say other than they say a week is a long time in politics but the same also holds true for the stock market. Last week I was getting more and more disillusioned at the performance of MHM and KGL in particular. The value was always there but they both just lacked a catalyst to reverse their recent sell off.
Kentor Gold got the boost it needed with a Company Insight Report on Monday. It had hit an intra-day low of $1.01 before rallying 20% over the Monday and Tuesday. It then took break during the middle of the week before a strong finish on Friday where it closed at $1.22. This equates to a gain of 14.02% compared to the close last week of $1.07.
My trading parcel of Kentor Gold is also back in profit which is pleasing to see.
Kentors performance in itself would have made my week but on Thursday we received a company update from MHM metals that saw the share price reverse strongly from its lows in the mid-high 70 cent region. The buying continued on Friday with a company presentation that was not market sensitive, but clearly laid out where the company has come from, where it is now and the potential it has to offer in the future. As a result of these two announcements MHM closed the week 16.13% higher at 90 cents.
OBJ was the poor performer dropping 5% to 0.019 cents. It appears we are in a period of no news and as a result the stock has been dropped by traders and short term investors for the time being.
Overall the portfolio gained 7.19%, significantly outperforming both the ASX200 and the Small Ords.
| Code: | Weighting: | Share Price Friday (17/02/2012) | Share Price Friday (24/02/2012) | Percentage Change: | Weighted Change: |
| OBJ | 27.71% | 0.020 | 0.019 | -5.00% | -1.39% |
| MHM | 21.82% | 0.775 | 0.900 | 16.13% | 3.52% |
| KGL | 34.00% | 1.070 | 1.220 | 14.02% | 4.77% |
| Trading | 16.47% | 1.070 | 1.220 | 14.02% | 2.31% |
| TOTAL | 100.00% | | | | 9.21% |
Without cash the portfolio managed a gain of 9.21%
| Code: | Weighting: | Purchase Price | Current Price: | Percentage Change: | Weighted Change: |
| OBJ | 22.93% | 0.023 | 0.019 | -17.39% | -3.99% |
| MHM | 22.28% | 1.100 | 0.900 | -18.18% | -4.05% |
| KGL | 22.41% | 0.980 | 1.220 | 24.49% | 5.49% |
| TOTAL | 67.63% | | | | -2.55% |
The long term holdings of the portfolio (excluding KGL trading stock) remain 2.55% under water. I hate to speculate on future price performance, but if we get another strong week or two I am confident of closing the gap to break even shortly.
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