I can't see that the August dividend will be all that large given the 6 months profit recently announced and expected earnings to 30 June. There is cash in the bank but surely that won't all be used for dividend payment? - still need ongoing funding. IMO I was anticpating a larger dividend March/August 2013. Also wont the funds be shortchanging themselves if they are only buying for the dividend and then "dumping" the stock once ex dividend as what they make on the dividend they may lose on the share sale - especially if they all unload their massive shareholdings?. IMO there must be something else lurking for this to have occurred - but DYOR.
ACR Price at posting:
$4.26 Sentiment: None Disclosure: Held
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