Well just before the dividend they had what i thought was a glowing report, and the declaration of a 20c dividend, 10% buy back etc etc. Stock jumped and consolidated for a few days around 77- 78c.
I also bought on this news at 76 but jumped off a day or two before CSV went ex-dividend at 78c.
So at a SP of 45c (which it is today) its 33c less than the day before it went ex-dividend all in the name of a 20c cent dividend and really has not fought back one bit.
In a nutshell it means the few days it was bought at 77-78c these holders would be down alot more than the worse of the dividend especially if they can't make full use of the franking attached.
Oh how i wish the $1.20 attempted takeover had materialised.
CSV Price at posting:
44.5¢ Sentiment: Hold Disclosure: Held
