Perfomance to date on USE ( 24 months )

BATU - 280, BOBU - 318, DFCU - 595, NVL - 450, SBU - 155, UCL - 60


BOBU 10% annualised
NVL (54)%
DFCU (10)%

Consolidated position is (15) % annualised.

Current Strategy
Buying: NVL
Watching: DFCU BOBU
Selling: all others

Best consolidated position has been 7% worst has been (18)%