I saw one of the most bizarre things I’ve ever seen in the market yesterday. 

HM1 went Ex Div 7.5c Fully franked. So, you would expect it to be down between 7.5-10.5c but it gapped up 5c to 2.88. The only thing I can think of is some algorithm got it backwards. 

I wish spotted it earlier, I was scrambling for the sell button like a mad man whilst trying to figure out if there was something I wasn’t aware of.

There was no point selling it on Strawman because by the end of day it closed at 2.72 where it should have been. 

So much for efficient markets, Anyone ever seen something like this before around a dividend?