This stock can move large % in SP in low volumes. the lead up to the ex dividend date and the couple of weeks after is very unpredictable. IMO it may be due to the fact that small investors chasing yield and franking credits dive in an out around dividend time. the fact that the volume is low shows that it unlikely to be a large holder bailing out. the other point i noted this time round is that the volume demand of buyers and sellers almost vanished after the ex div date which supports my opinion on the small investor jump in and out plays. I personally really like the prospects of this stock as they chose to hold onto the cash for now giving them options to invest in faster penetration of the SHAW market or pay a better dividend down the track. I cant see Telstra turning their back on VTG as they need the distribution and market coverage.
VTG Price at posting:
$1.10 Sentiment: Hold Disclosure: Held
