25/07/15	Name	Symbol	25/07/15	Shares	Cost basis	Mkt value▼	Gain	Overall return
	Adler Real Estate AG	ADL	15.18*	500	5,787.27	7,587.50	+1,800.23	31.11%
	Akorn, Inc.	AKRX	45.39	120	$4,491.15	$5,446.80	+$955.65	19.43%
	Staffline Group Plc	STAF	1,477.00	207	£1,621.76	£2,939.40	+£1,317.64	81.25%
	Drillisch AG	DRI	38.44*	81	1,999.31	3,113.24	+1,113.92	55.72%
	Regeneron Pharmaceutical...	REGN	541.85	4	$2,114.93	$2,167.40	+$52.47	2.48%
	Ashtead Group plc	AHT	940.00	150	£1,433.63	£1,410.00	-£23.63	-1.65%
	Cash - Deposit / Withdraw					€13,183,37
	Portfolio value:					€36,208.80	+€5,435.30	27.85%

Portfolio return in the last 12 monthe is up to 26.7%.

In order to re-allocate our assets we sold part of our shares in Akorn.

Our Tactical Asset Allocation is now aimed to: 68% stock + 32% cash

This week Ashtead Group brought us some bad news. We lost nearly -13% on our position.

Time to buy it for your own portfolio ?

We now aim for T.A.A.: 68% stocks + 32% cash

In real life we increased our position in AHT.L

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