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Hi A21,

The following link provides a good insight into ex dividend SP behavour, whilst I can't verify the link it is consistant with other advise and readings I have come across.

http://blog.traderdealer.com.au/2010/08/13/dividends-make-all-the-difference/

The section under "Dividends for Traders" is of particular interest, the findings presented are said to be more prominant in a bullish market, with 2011 looking very +ve for ACR, IMO I think this may apply.

Cheers.

p.s. IMO with the most modest Broker report I've read having a 12 month target of $3.90 (post dividend) ACR still represent good buying at current prices (3.52-0.60 = 2.92), hence I topped up at 3.50 and have my finger on the trigger for ex divi day to re-invest my divi payment.