ALF has performed poorly for a couple of quarters and the shareprice has also drifted due to the options.
based on my calculations I expect the fund to declare NTA at around $1.40/share at the end of December and I believe it is tracking at closer to $1.46 as of yesterday.
At the current price and the regular dividend it is a solid investment.
They have $28m in cash and are still executing a buy back though very slowly.
These guy's are steady as she goes and do not want to create significant fluctuations and hence are not agressively driving up the return, but they can still pay a larger dividend if they wish or be more agressive with the buy back.
ALF Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
