not so turbulent thursday, page-28

"If you hold future, you cannot enjoy the dividend"
No - but you can enjoy the pricing on the day the dividend is paid .. interest - as mentioned - is another topic ..

"It has nothing to do with market sentiments,least it can predict bull or bear, just a cool hard calculated arbitrage. "

Out of interest - if it is really a cool hard calculated arbitrage why aren't the big brokers arb'ing it like crazy (which of course means there will be no arb left by definition) Maybe with no mkt movement over 6 weeks you might arb franking credits ... not sure what else your arb'ing ?

Danube - I really actually don't want to be writing this - but some out there may read this and spend money on the back of it without understanding the mechanics ... not looking for a fight - just reckon there is a bit more study needed .. cheers/