Yes It did go ex div and will be paid on the 19.07.11. I reckon...

Yes It did go ex div and will be paid on the 19.07.11. I reckon management are trying to distribute as much cash as possible so they not only get the div but it will make it easier for them to fund a buy out which they have been contemplating for some time. In the past couple of years they have been really savy with there sales of certain assets. If they can float the movie business and reap some more cash and also keeping a 40% interest in the movie business without the full exposure it will be a little like the old interest in Austereo and the movie business will be ripe for the picking hence more cash. I think management will make another distribution once they get the float over the line it will then again dilute the share price and they will want to buy it out before they sell the remaining interest in the movie business.