ALF 0.00% 85.0¢ australian leaders fund limited

Please Explain, page-22

  1. 374 Posts.
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    Fair enough Peejay, but I think the lesson here is that this is not a buy and hold for dividends. This is an NTA play of premiums and discounts with the dividend being the by-product rather than the objective of the fund.

    To your defence, and to the condemnation of management, dividends payments went pear shaped when the portfolio transitioned to offshore holdings where dividends are lower and franking credits non existent.

    The lack of investment selection success then compounded the problem.

    No one is allowed to provide any advice on this forum however, generally speaking for what it is worth, if you have been invested for a long time, now would not appear to be a good time to exit as many will grab your shares at a discount. I would wait until the SP and NTA are much closer and use that window, if you have lost confidence.

    Good luck.
 
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