Im interested in your statement “When ALF winds up “.......
Do you know something we dont ?
I dont think that Geoff Wilson would be contributing his hard earned into an LIC of which he is a director merely for the fund to be wound up. I think its more likely that he will add advice and expertise to steer Young Justin onto the correct path to get the fund performing with the possibility of an assimilation into the Wilson stable of funds. Either that or improve the performance of the fund and get a better return on funds employed. I’m caught between a rock and a hard place because I have as many ALF in my SMSF as Im prepared to have and (dont want more) and can only sit and wait for the situation and the share price to improve. I note that the share price has only started to increase slightly since Geoff started topping up on market ! Its been in steady decline for some time previously !
ALF Price at posting:
$1.04 Sentiment: Hold Disclosure: Held