58% gross dividend yield+14% return of capital, page-9

Toll,

with offshore funds selling before it goes ex-dividend (because they can't receive the 12c/share franking credits) then buying the same shares back next week it might not fall as much as logic dictates.

Usually the fall on ex-divvy stocks is the value of the dividend and capital return + about one half of frankign credits. This equates to 44c/share.

Assuming it closes at 72c today (I think it will move higher this afternoon) that's an open on Monday of 28c.

But if offshore funds buy back in next week it could be higher than this on Monday.