There is always a bargain out there , I think its just a reality check that suggests many used this stock to drive a fully franked income. It was wonderful add franking credits ... you were getting unbelievable returns - they however have to earn income to continue and in fact have a hole to work back before they actually have franking credits to use. So I think some are selling so that they can put the money elsewhere - I have lost trust in the team so wont buy more and have only 10% of my original holding left in this. So I also look at the price and say its cheap but you have to really know the team well and have trust to commit more. thats just my take on it.
Sometimes its cheap for a reason that we are yet to understand.
If I had not lost faith I would be in there today buying up shares. I even think that its a great buy but its all about management and thats my problem not theirs.
ALF Price at posting:
$1.10 Sentiment: None Disclosure: Held