They had a lot of writeoffs last year, making last year's report look worse than what it was. Today's ann. indicates that ALU performance was pretty much on a par with last year. 33c share price with dividends of 4-5c per year makes this a pretty good investment based on fundamentals. Chart looks terrible though, however, if consolidation can occur around the current levels, with some more director buying for confidence, I think I'd be prepared to dip my toe in the next 2-4 weeks. Waiting for a sign on the TA first.
ALU Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held