Interesting it has hit $1.46 today on a big down day???
Maybe this is because they are mostly short and underinvested, would expect some outperform in NTA in next few months.
Interesting points "No", its true, sentiment is everything with shares, so is patience. Look at WAM in GFC, feel below its cash back, massive yield, and buy-back. Reason, forced selling and total fear!
Your probably right, ALF is not cheap unless it can sustain dividend. If it can, then its easy money with falling interest rates!
ALF Price at posting:
$1.45 Sentiment: Buy Disclosure: Held
