I purchased a small weighting because I want to be able to participate in the deeply discounted capital raise should it come.
I work in property world and 100% of retail tenants who have been forced to close have either requested or demanded rent abatement. The likelihood of ALH Group requesting the same of ALE is not low. Should this occur, ALE will be in trouble and will need to raise capital especially with their debt expiry later this year.
LEP Price at posting:
$3.77 Sentiment: Sell Disclosure: Held