Alternative Liqudity Fund – adding a touch

Added a touch to this at 17c last week…

It has done very nicely since I bought – returning 7.5c when I paid 13c for the shares to start with, hopefully the returns of cash will continue..

See original post for investment case…

https://deepvalueinvestments.wordpress.com/2016/08/21/alf-net-assets-6x-market-cap-cash-half-market-cap-potential-5-bag-opportunity/

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ALF – Net Assets 6X Market Cap, Cash half Market Cap, Potential 5 bag opportunity…

Just put in a 7% portfolio position on the Alternative Liquidity fund at $0.13 – henceforth known as ALF…

18/12/2016 ** WARNING – This share has now paid out $0.075c and is trading at more than I bought it for – now it is much less attractive.  I continue to hold.

This is where Hedge funds go to die, its a fund of side pockets and other iliquid investments.  But its got 5c in cash and much of the rest of the NAV should come eventually, NAV is 0.86c per share.  This discount is extreme, if only one or two investments pay off you get your money back at current prices.  I believe the chances of this are very good.

Continue reading “ALF – Net Assets 6X Market Cap, Cash half Market Cap, Potential 5 bag opportunity…”