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66.0¢ fairfax media limited

If you short FXJ, you need to give the Domain shares back to the...

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g12m0

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25/09/17

23:35

Post #: 27450321
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Originally posted by TriOptimum ↑

During the takeover fracas I held out for a bidding war - when it never came oops I decided to sit on my holding partly to keep earning dividends but also just to see where the Domain merger would go.

While I'm hoping for my allocation of DOM shares to grow steadily, I expect the FXJ sp to fall as soon as DOM lists. So I can't figure out why shorting on FXJ has been declining and is now at a 0.06% from a 52-week high of around 2.3%. I am not complaining but wouldn't going short on FXJ kind of be easy money at the moment?

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If you short FXJ, you need to give the Domain shares back to the lender. Just like when FXJ pays dividend, dividend including franking has to be given bank to the share lender.

FXJ Price at posting: 95.5¢ Sentiment: Buy Disclosure: Held
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