Ann: Daily share buy-back notice - Appendix 3E, page-7

Hard to see the downturn coming at the mo with tax cuts /employment/low rates etc......but they come when ya least expect them sometimes.....maybe something outta left field will slow the boat.........

Respect what you're saying re ALF/Watermark....I am a fellow disappointed holder (to a fair extent ) .....They are what they are, I guess......screwed to the downside and should be treated as such ? ...Many LIC's/financial stocks don't have the ability to short/hedge etc and are long only....I like to hold for insurance......along with WAA and AEG....companies that should hold their own/perform (?) in a downturn.....

The Watermark holding have hurt in the current market , and i was expecting a fair correction by about now.........was glad i was holding them when the yanks corrected a little while back but the market still strong and doesn't look like crashing .......although it has paused for a few months (Yanks)......

Yep, I (We) would be heaps better off if Watermark changed tack to the +ve side , but insurance (perceived in my case, maybe ?) comes at a cost ..... and yep.....I was expecting them to at least hold their own in the current bull market and not go backwards at a rate of knots....hence my disappointment at their abysmal performance....

I continue to hold unhappily in the current market , but have faith that in a falling market they will perform as Justin has been expecting and stating for quite some time ......although it doesn't look like happening in the foreseeable timeline imo....But it will come.......nothing surer....

Luck to ya ......and a prolific poster doesn't mean I know what i'm on about