stock overhang, page-33

"So if the sp is is going to go up when divy announced why is JPM selling now ?"

This is the exact point that has been baffling me for ages. But I continually retest the fundamentals and their decision makes no sense in that context. Maybe they have just taken the position that they don't want exposure to Aussie resource stocks? Sometimes the risk management teams of these funds make these sorts of macro decisions without regard to the individual circumstances of particular stocks. Who knows, but I agree it is strange.

I have friends resident offshore who can't benefit from the franking credit. They are planning to sell when the share price rises after the dividend is declared and then to buy it back afterwards.

I was concerned for a while that JPM and Sin Ting might have had some negative information that we didn't know about, such as that the WD extension would not happen. However, after talking to GL and with the AUD gold price at A$1,766 and looking like rising, this now seems a certainty.

All I know is that if our share price rises substantially after the dividend is declared, then it is a massive anomaly in the market, and I am going to be scouring every stock on the ASX to look for a similar situation.