@VinP. Yep, the quarterly reports from ALF are extremely...

@VinP. Yep, the quarterly reports from ALF are extremely comprehensive and make good reading, and yes, I think you have hit the nail on the head, until something ...or....someone changes, I think their system IS broken. All it would take is a change of manager or concept to get things going again.
I am a holder of GC1 but only because a HC forum member made me aware of it. I too am impressed with the apparent visibility and good communication of MG and their apparent good analytical skills.
Its good to buy less than NTA, but ALF is a good example as to why that doesnt always work; a fund can remain below NTA because it simply doesnt produce the goods and of course it can stay there unless it changes its performance for the better.
The chart I got off the directshares website, previously on the ETrade platform, but now on the CMC markets platform. Its just under advanced charts, obviously lets you compare a couple of shares together and its the first time Ive used it. I dont know if Comsec would have the same thing under advanced charting ?

If you like a good, humerous and interesting read of the monthly report of an LIC, go to CVF. (Contrarian Value Fund) run by Arowana. Sometimes they have to issue an updated report a couple of weeks later because they have made so much in the interim, that they feel compelled to update the market. They also take a Punt on some overseas stocks with what appears to be fairly spectacular results. Its an interesting read, whatever.
FOR appears to have taken a large fall recently, but I think its because the fund paid out a motza as a dividend. I will have to re-compare the SP and the NTA. Cheers.