there was always going to be old timers that have made "10 baggers" out of this stock that would exit.
Also there are the o/s interests and some high income holders that do not benefit greatly from the franking credit, especially if they have held the stock longer than 1 yr.
Just out of interest, can anyone tell me what the situation is for those holders that bought in for less than 10c - after the capital return, is their cost base zero or negative?
EXS Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held