Refer to the top 20 list in the qtrly and compare it to the previous one and it can be seen that Sin Tang have sold several million.
Then look at the brokers used in the last couple of months and see who the major selling broker was. Then look at a report of brokers buying and selling over the last week and the same name appears with volume.
Nearly all the large holders would be happy to hold for the dividend. There are two exceptions - Sin Tang and JP Morgan UK. The franking is of no value to them. Both have made significant profits from the share price increase whilst holding and also from the currency over the same period. It has to be expected that those holders may want to lock in their profits.
EXS Price at posting:
65.0¢ Sentiment: ST Buy Disclosure: Held
