SMH reported it as "Downer has jumped 8 per cent after a broker...

SMH reported it as "Downer has jumped 8 per cent after a broker flipped from a "sell" equivalent to a "buy" ahead of the company's results this week."

I agree its the most likely reason for SP to rise. Plus I've been exploring the thesis of buying companies you expect to announce a high div in their reports this months on the IFL thread. 2 weeks ago on DOW thread i posted: "I still have FY16 eps at 43c and divs at 24c ffr. That gives (at SP $3.20) a PE of 7.44 and gross div yield of 10.6%. That may attract some investors. But firm does need the outlook in next months interim to continue the positive theme of the August yr end. But in this mkt 6 months is almost a lifetime. Hold and med risk/med return buy. Newbies can afford to be patient but who knows these days?"

Look for stks that will announce high divs when they report this month. High is 8% gross annual yield. Very high indeed is above 9.5% gr ann yld.

For these reasons i hold long positions in CCP, IFL, DOW, DWS and NVT. Latter will (i anticipate) pay a 20c ffr in FY16, which is 6.75%..... but the i expect eps in FY17 to rise and the CG to compensate for the lower yield.