It may be the case that the share price may not run much higher from here until ex-dividend date because there has already been the bulk of the transfer from offshore holders to superfunds.
I was hoping for a run to 80c leading up the ex-dividend date, but I guess I got unlucky as I didn't anticipate the number of holders wanting to dump the stock. Just wish I had a serious pile of cash to buy up the ceaseless overhang!
The interesting part is of course what happens after the dividend is paid. If the offshore holders want back in, then they may need to pay up if the superfunds don't want to transfer the stock back. Soon see.....if my usual luck holds though, the superfunds will all dump it and the share price will remain stuck in the narrow band it has been in all year (except at the ex-div 20c to 30c level).
EXS Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held
