I thought there may be an opportunity to exploit this one in a...

I thought there may be an opportunity to exploit this one in a few different ways next week.

LLC reported yesterday and although market was slightly disappointed with it, it is still in the midst of a major re-structuring under its new management.
In recent months, sentiment towards it is decidedly more positve than has been the case for the past 2 years or so.

Importantly, it goes ex-div next Thurday with an 18c unfranked dividend.

Here's the juicy bit, the company's ON-MARKET buyback which is on hold for the moment, will be re-instigated this coming Monday. Since the buyback was placed on hold back on January 5th this year, the share price has done well to lose only 60 to 70 cents. Several analysts at the time of this announcement were of the view that the share price would have capitulated far more than it has. A second buyback is also being contemplated by management for later this year.

So, in a nutshell, trading in this stock will be interesting to obseve next week and dividend chasers like myself may finish up getting some free insurance.

On the other hand, there are enough LLC derivatives to exploit any possible kick in the price.

Any other views would be welcome....I think it looks good anyway.

cheers