Next Ship, page-699

here's my prediction two weeks ago.. despite all the gloomy reports of IOP. imo today's jump is not due to 'leaking ship' re dividends syndrome but cos IO sales are seen to be ongoing as China ramps up its stimulus. Those who listened to crusty ole Miningnut's dire predictions about IOP and China over the last couple of weeks have missed out on a jump from 1.21 to 1.39.
looks like it's heading to 1.40.
imo the jump is not due to a 'leaking ship syndrome' about dividends but to the market optimism generally about IO and China's stimulus program (despite 'experts' bleating otherwise).
Can see this from the bouncer in IO stocks right across the board. I would not be surprised if it traced its way back to the 1.50s before the div iann.