Lionel,I recommended EXS to an number of my super fund clients...

Lionel,I recommended EXS to an number of my super fund clients so they could benefit from the franking credits. Most clients sold soon after. Some however held on and are now selling. One client purchased 1.5 million shares. He has sold his holding in the last few days - just like you said.

His net cost (after taking the dividend and franking credits into account) was 12 cents so he is happy to get out at 20 / 20.5 cents, despite the fact that it may rise further.