We have elected to add to our position in Australian Leaders Fund (ALF). The company continues to trade at a very attractive discount of around 20% to its Net Tangible Assets (NTA) value. Later this month we expect ALF to declare a near term fully franked dividend. Recent portfolio performance from the company has been encouraging and the fund has also guided to further capital management strategies being announced later this month to assist with bridging the share price discount to NTA. Current NTA for ALF sits at $1.18 as at the end of August.
13 September 2019 | Buy