I suspect Geoff Wilson has chosen not to intervene in this one...

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25/09/20

00:26

Post #: 47614546
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Originally posted by peejay2: ↑

Thanks for posting @risk41. Another appropriate description of the performance of ALF; woeful....... I had imagined that the advert would have been in the form of a narrative, but as they say, “a picture is worth a thousand words”. I will be contacting Rob on the email listed and advising them of my support. I do wonder however in Terms of the percentages held by the two activists, how they propose to change things on the basis of their % holdings IF sentiment goes against them. One could ask, how it could !
Looking at the graph, it would appear that anyone who has held over the longer term (like myself) is and will be an outright loser.. and only those who have been purchasing against the trend since 2018, will end up winners if the fund is redeemed at NTA less costs.
I can’t help but wonder what Geoff Wilson has to lose by the fund being “made” to perform or being wound up. He has been so active mopping up other non, and underperforming LICs lately that one of the worst was right under his nose with his name on it. Methinks there will be some reason why he hasn’t intervened in The interim and I wonder if Ferguson and co will meet with opposition from Geoff, and on what basis. We will know soon enough... although any change has to be for the better.

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I suspect Geoff Wilson has chosen not to intervene in this one as he receives 20% of the fees from it...quite disappointing to see frankly given how active he is with winding up underperforming LICs

ALF Price at posting: 91.0¢ Sentiment: Hold Disclosure: Held
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I suspect Geoff Wilson has chosen not to intervene in this one...

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