yep, another poor month, nearly their worst! They were not positioned for a rally at all, and a Rally we have got!
Still, 10 cps dividend is good, better than TLS and Banks, and they have 12 months to turn around. Looking at previous years results, this is a far outlier!!
Problem with shorts and longs, is its hard to turn it around quickly, but guess they have 12 months.
I was expecting worse to honest!
On the other hand, wish I'd brought more CTN, who have rallied 12pc in same period we have fallen 10pc!
ALF Price at posting:
$1.45 Sentiment: Buy Disclosure: Held
