the similarities with RHG are striking. They are returning a big chunk of cash to shareholders fully franked, but still have some remaining assets. They go ex div on Thursday. The price there did bugger all until the vote go up...now look at it two days before ex dividend. Nice to see the market valuing their other assets ahead of ex div. I would expect the same kind of move once the vote for the sale of CCP is done and dusted and dividends declared. Note the big volumes, presumably super funds chasing the vast franking credits on offer.
EXS Price at posting:
61.5¢ Sentiment: Buy Disclosure: Held