I thought one of the criteria was the new company had to be 10 % larger than the bottom company for a 3 month period to qualify ... might have changed , might have this wrong . Anyway time will tell .
Have a nice long weekend everyone :)
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Where can I find the list of the companies that make up the nzx50 which arent links to pdf's? Can someone please post the link. Thanks.
Don't usually like relying on Wiki info, but here is a nice summary: https://en.wikipedia.org/wiki/NZX_50_Index
Thanks. Would have thought the NZX website would just have a list aye...
Much appreciated.
An IPO may be considered for inclusion in the S&P/NZX 50 Index once it has at least 20trading days’ of data available at the quarterly review.
https://my.spindices.com/indices/equity/sp-nzx-50-index
So guys, guess the boys at NBR was right. NZX 50 addition of tegel and removal of coats. I was rooting for Scales haha.
Heres the announcement.
https://www.nzx.com/files/attachments/237302.pdf
Scales should be next. Nuplex is to be delisted in late July (probably).
Then we can start to look to the September review.
Candidates for addition should be:
VGL(477), THL(317) ,ARV(322) PAY(487), AFT(305),
I think TIL could also be considered. With the business Bakery selling 20%, the free float will be a lot higher. Their market cap will likely be $270m.
Newly listed Investore will also be in a similar market cap range.
As for removals, STU will have a lower weighted average market cap and must surely get removed.
SKL and TWR both have a market cap of $242m and would likely be next on the chopping block.
If SCL,TIL, CVT, TGH, and THL all move to the NZX50, I may have to declassify myself as a small cap investor!
DITTO noodles :) May have to change our names... Udon? and ?
Investore added to the index.
https://www.nzx.com/files/attachments/238659.pdf
Another contender is CBL with a Market Cap of $571m. Pretty poor liquidity however.