Perfomance to date on USE ( 25 months )

BATU - 250, BOBU - 300, DFCU - 620, NIC - 45 ,NVL - 450, SBU - 163, UCL - 50


BOBU 8% annualised
NVL (47)%
DFCU (8)%

Consolidated position is (13) % annualised.

Current Strategy
Buying: NVL, NIC
Watching: UCL BOBU, DFCU
Selling: all others

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