100,000 share bids at 67.5c, page-20

have a look at Aurora Sandringham Dividend Income Trust's business model.

It's code is AOD.

Trading around ex-dividend date is sufficiently profitable to support an ASX listed trust with all the acoutrements of offices/directors/staff.

http://www.aurorafunds.com.au/index.php?&pgname=adit&show_news=n&cache=1322413876421#


"The Investment Strategy

The Trust seeks to take advantage of the changes in the market prices of ASX listed shares around the announcement of their interim/half yearly and yearly results.

To capture this opportunity, the Trust generally invests in shares around their results/dividend announcement dates and sells these shares on an orderly basis after the Trust has earned the dividend and franking credits. The diagram below presents the approximate timeline of the share investments made by the Trust.

Whilst the main focus of the strategy is on the 30 largest companies listed on the ASX by market capitalisation, the Trust can invest in other securities forming part of the S&P/ASX100, as well as holding some fixed-income investments."