... and I didn't think anyone was posting on ALR! This is really a refresh of their existing/previous share buyback. The 12 months was up and they see their own share value as good value seeing if frequently trades at a >10% discount to NTA. I think it trades at a bargain and has been very solid for the >12 months that I've held them. Being a LIC, they are very stable, but the discount to NTA is disappointing (except when you want to buy some). The share buyback is a good way to further improve NTA per share when they have a little cash to spare. They seem to buy back cautiously and still seem to hold sufficient cash for their main business activity of investing in undervalued blue chips.
.... just my opinion.
ALR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
