pmn vs jhx, page-2

Hello Kietviet,

as you are aware Promina goes ex a 12c fully franked dividend on Tuesday 29 March. This means the last day to buy for the dividend is this Thursday-24/3/05.

Markets closes at 2.00pm this Thurday so really only 48 hours left to buy for divvy. It's now trading at $5.00/$5.01 with 2 u bids at $4.97 and $4.98. I anticipate more demand for the stock in the next 2 days as offshore funds who do not wish to hold for the dividend will have exited the stock and as hot money from TLS (going ex-dividend this Thursday) moves into PMN.

TLS has rewarded the dividend strippers who bought last week at $5.30 and can exit at about $5.50 today.

Am hoping Promina price behaves in a similar way coming into ex-dividend date (though it's been looking a bit shakey lately).

Ajax