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

ouch you gotta stop calling the bottom matey , someone is...

First 18 Last

Share
Profile

Follow
Tinwins

6,823 Posts.

59

12/06/15

12:03

Post #: 15456195
Share

Originally posted by eerrtt ↑

It is interesting how the perfect storm has brewed for ALF. Even worse, is now tax loss selling may be occurring, as investors sell to write off losses. One seller sold around 300k today, smashed the price down to 1.08 briefly!

With a current discount to NTA of 13 pc, and a historical discount of 1o pc, I think there is way too much negativity, which always happens near a bottom.

The NTA should still be around 1.28, when the ASX has fallen 8 percent! Justin and his team may have got the market neutral wrong from Dec 14 to Apr 15, but it was the right call as we fell from 6000 to 5450.

As justbob notes, as long as Justin gets the bottom right (now IMO), and adds to longs, and closes shorts, I think things might be alot rosier. It is easy to pick up on the negatives when the SP is being smashed, but it has a good track record, has picked bottoms before during the GFC, and is cheaper than usual, and cheaper than most LICs.

Next NTA will tell alot, if they held strong during the 8pc correction, and close some shorts, then good. Liquidity is destroying the balance, and 1.11 is well oversold. I'll bet a bottom at 1.10.

Expand

ouch you gotta stop calling the bottom matey , someone is playing with your calls

ALF Price at posting: $1.10 Sentiment: Hold Disclosure: Held
1 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

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

BNL

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

ME1

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

GRL

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

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

LYN

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

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

EDE

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

BTH

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

There are more pages in this discussion • 8 more messages in this thread...

First 18 Last

Add ALF (ASX) to my watchlist