endless insto sell down

FXL has been sold off relentlessly by insto's and I am assuming in the current situation Colonial because they appear to be the only ones left on the register with a shareholding over 5%.

This has possibly created the buy of the century because at 40 cents the company has a fully franked yield of 27.5%. Yeah thats right 27.5% !

Now you might assume that the company will be unable to sustain these dividends. Well that is not right ! The company has already stated they are on track to meet guidance for the next financial year.

JB Were still have a price target of $2.25. The directors have been buying recently at much higher prices. They have long term debt facilities, all loan contracts interest rate margins are locked in at time of drawdown and they have approx. $200 million in undrawn capacity.

So whats going on here ? Its called an opportunity not to be missed.