I RECKON YOU GUYS HAVE GOT IT DEAD WRONG.DO YOU REALLY EXPECT...

I RECKON YOU GUYS HAVE GOT IT DEAD WRONG.

DO YOU REALLY EXPECT OPTIONS TO BE ISSUED AT OR ABOVE THE NTA?

WHO IN THEIR RIGHT MIND WOULD TAKE UP OPTIONS ABOVE THE NTA?

IT IS POINTLESS LIFTING THE DIVIDEND TO SAY 10 CENTS & FINDING THAT YOU HAVE INSUFFICIENT FRANKING CREDITS FOR THE FOLLOWING DIVIDEND.

LAST SEPTEMBER'S 4.0C + SPECIAL 4.0C DIVIDEND DID LITTLE FOR THE LONG TERM SHARE PRICE. IT WAS AN ATTEMPT TO GET THE SHARE PRICE ABOVE THE OPTION EXERCISE PRICE OF $1.25.

IF ALF GIVE DIVIDENDS OF 5.0C INTERIM & 5.0C FINAL & FOLLOW UP NEXT YEAR WITH 6.0C & 6.0C YOU WILL SEE THE SHARE PRICE MUCH HIGHER THAN A ONE OFF SPECIAL DIVIDEND WOULD BRING.

INVESTORS WANT A SOLID RELIABLE INCOME STREAM THAT GRADUALLY INCREASES, NOT UP ONE YEAR & DOWN THE NEXT.

ALF HAS BEEN BUYING BACK STOCK AT MUCH LOWER THAN THE CURRENT LEVEL SO BY BEING REALISTIC WITH THE STRIKE PRICE OF THE OPTION THEY WILL NOT ONLY MAKE A HUGE PROFIT ON THE BUYBACK,THEY WILL INCREASE THEIR CAPITAL BASE, ALLOWING MORE SCOPE FOR INVESTMENT,THE STOCK WILL BE FAR MORE LIQUID WITH THE INCREASED SIZE OF THE COMPANY ATTRACTING INSTITUTIONAL INVESTORS.

LET'S FACE IT, THE COMPANY NEEDS TO GROW. YOU CANNOT KEEP DOING BUYBACKS, WHICH SHRINKS THE SIZE OF THE COMPANY, WITHOUT HAVING THE OPTIONS EXERCISED.