Is this as good as it gets ?, page-6

First 6 Last

Share
Profile

Follow
NotWarrenBuffet

31 Posts.

12/10/18

12:03

Post #: 36100315
Share

Originally posted by peejay2 ↑

U probably r 2 smart 4 me, but I have been an unfortunate passenger with Justin now for some time. The problem with ALF as you say has not only been stock selection (erring both on the upside and downside) but also the weighting of shorts and longs.... when they are in almost equal proportions, you r essentially fence sitting and the results are easy to predict and achieve. The only winner here has been the manager picking up his fees ! Many investors I would think have come and gone, erroneously believing that sooner or later the discount to NTA would close, but alas Justin has failed to achieve (almost anything) and the gap remains. I have learnt not to buy on the discount to NTA having learnt that it exists for a reason and now prefer to buy on the strength and reputation of the manager. Yep, the SP can fluctuate and fall below what is reasonable, but if you have a good manager (like Michael Glennon of GC1) then the fund will resume its trajectory, hopefully upwards. I was in ALF when it was a long Australian stocks only and before they went short/ long with international stocks and pre Justin Braitling.
The change has NOT been good for shareholders. The old Anthony Horden’s motto was “while I live, I grow” !
Not so it seems with ALF.

Expand

Has there ever been a pre-Justin period at ALF? He's the founder of Watermark so presumably he also set up ALF.

ALF Price at posting: $1.02 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

RBL

Recce scores $6.75M R&D rebate

BTH

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

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

HUM

Auric sniffs gold up to 12.1g/t through drilling at Spargoville prospects

LYN

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

EDE

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

AN1

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

TYX

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

BNL

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

GRL

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

There are more pages in this discussion • 28 more messages in this thread...

First 6 Last

Add ALF (ASX) to my watchlist

Is this as good as it gets ?, page-6

Top Stories

Recce scores $6.75M R&D rebate

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

Cyclone signs MOU with Vale for development of Iron Bear play

Auric sniffs gold up to 12.1g/t through drilling at Spargoville prospects

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

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

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

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

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

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