I am not sure whether we agree or not peejay2. I think we generally just view the same position from different perspectives.
I would rather retain the existing structure and keep recoup some value from the tax losses. However, that won't happen now as the weight of shareholders wanted cash (NTA-DTA) as soon as possible.
I will retain a very significant holding in the unlisted entity for at least 12 months, happy with a 4% - 7% low risk annualised return. I don't resent JB, nor do I admire him. I ahve only been in ALF for the money, and trading the rotating premiums and discounts to NTA since inception has made a fair bit of it.
Have moved on to much greener pastures with a plethora of LICS trading well below NTA, where I will play the waiting game, all over again.
Also pretty happy with REE and lithium miners coming back with a rush after a COVID-19 SP thumping. That's the dumb way markets work, forever transferring profits from the impatient to the patient.
I know you are a patient investor, peejay2, so I am confident you will have done well this year.
Have a great Xmas/New Year.
- Forums
- ASX - By Stock
- Ann: Net Tangible Asset Backing
I am not sure whether we agree or not peejay2. I think we...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALF (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online