When ALF can lock in more profitable months & get the dividend back up to 6.0 cents from the current 5.0 cents & the following expected 5.0 cents, we should see the share price back up over $1.50 with expectations of going higher.
This stock should not be held purely for the hope of locking in capital gains. ALF should be held, ideally by those with a self managed super fund, for the dividends & the capital gain over time should be a bonus.
Hopefully the dividends will increase gradually & the share price will rise accordingly. It will take time for the confidence to return for investors & as it does the premium to the net tangible assets will increase. Be patient, have faith in Justin's ability & the rewards will follow.
ALF Price at posting:
$1.27 Sentiment: Buy Disclosure: Held