share price monday, page-5

Box Hill,

Buyers need to keep their shares for 45 days (excluding buy/sell days) if they want the use the franking credits (individuals with less than $5,000 in franking credit offsets are exempt). In light of this I don't think this and large entity "that have been charging in" will; be dumping this year.

I'm also sure that they would have been satisfied with the fundamentals of the company to buy a large position, even if they get to take advantage of franking credits.

Although the final SP was disappointing, it must also be seen in the light of continued weakness in world markets and the A$. In fact EXS seemed to track that decline this week. Not really logical considering there is such a large component of cash or income priced into the ex-div SP. But then again who said markets were logical?

I see any weakness in EXS as being a great opportunity to buy, as predicted good news will now be amplified in the SP now we are ex-div.

My two bobs.


John S.