Based on average market cap over the last 6 months. Likewise liquidly. I think TGH a certainty to replace NPX is due course when it gets delisted as by then, approx. Nov we would have had the requisite 6 month trading period.
(Disc: Pure speculation on my part...sorry but I don't have time to put the entry to NZX50 rules under an electron microscope). I continue to believe SCL the favourite for entry and still my #1 market position.
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
Thanks. Would have thought the NZX website would just have a list aye...
Much appreciated.
Ever since they flogged off their indexing to S&P, their index constituents aren't freely available. It adds a slight frisson of opacity to the process of investing in New Zealand.
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
Toward his critics, the artist harbours a defensive ace: knowledge that the future will erase the present.
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!
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