58% dividend yield(gross)+14.5%capital return , page-29

Ajax, I think the total value from the dividend and capital return was 48c:

28c FF dividend + 10c CR = 38c + franking = 48c.

48c + 20c SP now = 68c, which was around where the SP landed before ex-date.

The same happened with WPG- capital return + dividend + franking credits- all taken by Mr Market, who said we shall get nothing for free. WPG has a few current problems happening, though, so it's not entirely the same.

With these large dividends, there's selling pressure at the beginning (remember our Sippy, Ajax?)

EXS will come good again, I reckon. For now, it's had a "special event" and is recovering. Definitely on the watchlist for me. After seeing a couple of these now, though, I can see why people sell at the top, because these kind of situations tend to smash shares on the way down, and people who stay in tend to end up even, even after the dividend and franking credits are taken into account.