Aussie JPC sells ~7MM, next day up pops a yank buying ~12MM. Probably not a coincidence, but an arrangement -- nothing devious.
I don't think it's a t/o overture, at the least WAY too soon to tell.
I think this is VERY significant though. Europe, North America and Australia + New Zealand are in the YIELD hunt. All the better if it's a dividend growth company, like MVF!
I believe this is the shape of things to come; trickles to inundation of cash exchanged for cheap A$; floods many quality dividend players, decreasing yield.
MVF insto buyers pointing definitively at the future. Watch your divvy stocks buyers' insto addresses.
I will be reviewing my dividend portfolio with this theory FIRMLY front and centre.
ASX divvys may well become the flavour of the day for the Earth.
OV
MVF Price at posting:
$2.39 Sentiment: Buy Disclosure: Held
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