Mario Draghi, head of the European Central Bank, managed to decrease the value of our portfolio for the second time on row. Nothing to be surprised as all major European indices went down as far as -5.3% for the Dutch AEX.
In order to comply with the new TAA (60% stocks + 40% cash) we sold part of Regereon Pharmaceutical.
The only stock to keep our spirits high was Adler Real Estate with a small weekly gain.
Telit Com (TCM.L) was recovering this week from a previous downbeat: +9.1% in one week.
Telit Communications Plc is a global wireless technology company. The Company is engaged in developing, manufacturing and marketing communication modules, which enable machines, devices and vehicles to communicate, through cellular wireless networks.
Fair value: £3.20
Upward potential: +35%
Average yearly return: 51%
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