Australia's largest stock trading and investment forum Australia's #1 stock forum

ALF

Click for more information

0.00%

85.0¢ australian leaders fund limited

Thank you for the good explanations,... mktmaker,....

First 10 Last

Share
Profile

Follow
WR888

1,698 Posts.

21

20/01/17

14:04

Post #: 22030970
Share

Originally posted by marketmaker ↑

I am using the data from the December NTA. The fund size is now $348.3m and it returned 1.3% for the 6 months to 31 Dec. That means the total profit was $4.53m. There are 271.3m shares on issue which means the profit per share is 1.67 cents per share.

If we work the other way around, to pay a 5c dividend in the half, ALF needed to generate a return of 3.9% for the period. This basically means the fund has to dip into its profit reserve to make up this difference of 2.6% or c$9m. Basically if they have another half like this, paying 5c in the June half starts to become problematic.

I haven't looked at WMK recently but last I checked they had a much smaller profit reserve which means they will have issues first assuming similarly subdued performance for the two funds.

Expand

Thank you for the good explanations,... mktmaker,....

ALF Price at posting: $1.41 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

HotCopper Highlights: Your most watched stocks for Week 46, 2024

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

There are more pages in this discussion • 11 more messages in this thread...

First 10 Last

Add ALF (ASX) to my watchlist