As i understand it, ALF make income from both dividends, long and short trades. They should produce enough income to at least cover 12 cent payout, and do have cash reserves.
I think market is questioning hefty premium to nta, until they can outperform again!! Look at CDM, outperform by nearly 3pc last month, rock solid share price!
This is volatile, and broke 1.50,with a massive 150k sell, reckon its being shorted.
I'm happy to keep buying, as long as I'm not missing anything!!
ALF Price at posting:
$1.42 Sentiment: Buy Disclosure: Held