Yes, it does appear to be panic selling by some large holders,...

Yes, it does appear to be panic selling by some large holders, and most likely over dividend uncertainty. But as company has said, next two dividends are safe even without further profits, which I believe will return once a few unfavourable shorts come off.

Even on a charting perspective, it is way way oversold, but with no support except 1.30 and then 1.25, ALF need to come out with a statement like WAM and confirm the dividend.

It is that simple. I will keep buying more, it is too cheap now to ignore