there you go! seems like the team were right, as I previously mentioned to be neutral at 6000!
"In the spirit of keeping the market fully informed as to material changes in the value of the company’s investment portfolio, and particularly in light of the recent weakness in the Australian share market, the directors of ALF feel it is justified to provide the market with an intra-month update. The company’s portfolio has outperformed its benchmark All Ordinaries Accumulation Index by more than 5% month to date. Portfolio returns are an estimate only and do not provide a reliable guide as to the company’s Net Tangible Assets, which will be calculated and announced as usual in mid-July. As of the close of business on Thursday the 11th of June, ALF’s gross portfolio value has increased by 1.44% versus the benchmark which has fallen by 3.65%. "
The shorts must have defeated the longs then. Hope they have closed some positions and gone for a few more longs.
ALF Price at posting:
$1.14 Sentiment: Buy Disclosure: Held
