Australian Leaders Fund Limited (ASX: ALF), an investment company from the diversified financial industries declares an On-market buy-back announced on 6 November 2018 where the company has buyback around 262,624,687 shares for the effective capital management for the benefit of the security holders. This buyback will continue for one year. It might be possible that the buyback may even continue earlier in case the company feels that buyback is not in the best interest of the shareholders.
As per the announcement on 4 January 2019, there were around 10,634 shares under buy-back on the previous day with the total consideration worth $10,208.64 where the highest price paid was $0.960 and the lowest price $0.960. The highest price as per the rule 7.33 was $1.0160.
On the day before the previous day, there were around 24,371 shares that they bought back with a considerable amount of $23,611.06. The highest price paid per share was on 6 November 2018 was $1.010 and the lowest price paid was $0.955 on 18 December 2018. The company will still be buying back 19,451,796 shares which were issued on the market.
Similarly, as per the announcement on 3 January 2018, there were around 89,979 shares that were bought back on the day before the previous day of the announcement with the considerable amount of $87,126.67.
As per the announcement on 2 January 2018, there were around 89,979 shares that were bought back on the day before the previous day of the announcement with the considerable amount of $87,126.67
The official listing of ALF on ASX is 10 February 2004 where the performance of the company to date is 75.12%. In 10 years, the performance of the company is 71.44%. The previous year’s performance of the company is -9.72%.
For the fiscal year which got ended 30 June 2018, the company made a net loss of $6,874,008. The balance sheet of ALF highlights that the company has a net asset of $325,387,876 which indicates that the company will be able to clear its long-term obligations. The debt to equity ratio is 0.897 which shows that the company depends more on debt instead of using its resources and assets in case of financial requirement. FY2018, reports an increase in the accumulated losses which highlights weak operating performance. It might also create a negative influence on the shareholders, and the investors as their wealth got eroded during the period. The total shareholder's equity is worth $325,387,876. The net cash balance of Australian Leaders Fund Limited by the end of the FY2018 was $273,626,097.
By the end of the trading on 4 January 2019, the closing price of the share was A$0.965 which is 0.01 points below the previous trading day’s closing price with the market capitalization of A$256.06 million.
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