Defensive allocations continued with a purchase of additional 90 shares of Lassila & Tikanoja at 8,53 EUR per share. This is also slightly speculative turn around play as L&T might finally be bottoming out. Operatively speaking there’s hell of a lot to improve but potential is there. Given the past performance it’s easy to be doubtful, therefore I’ll build this position slowly and probably aim for somewhat modest position of about 500 shares. While observing this turn around theory unfold, this acts as a solid dividend income play due to the relatively high yield and defensive sector it operates on.