Tin, i cant see him putting money into a closing fund.....one could only hope that it comes under the Wilson stable such as Century Investments CYA where the performance under the Wilson stable has improved dramatically. In fact as Geoff Wilson commented, he thought it was the only “Wilson” fund trading at a discout to NAV. All the other Wilson funds are trading at something like 20% above NAV. In fact, CYA probably wouldnt be a bad buy at the moment. Beneath NAV, heaps of franking credits and a performance that is approaching the Wilson Leaders Fund, in fact Geoff mentioned that the board had to have a discussion whether to merge CYA and WLE.
I agree, curious...... I dont think that Geoff would just park money in ALF just for the sake of it, and he MUST have realistic expectations of its performance given the track record over the last 2 or so years ? 300-350 mil would be a good sized fit for the Wilson stable, especially with the Wilson International Fund opening up shortly.
So there must be a plan, Geoff isnt silly and he obviously works to one. I wonder what it is ?
ALF Price at posting:
$1.01 Sentiment: Hold Disclosure: Held