NZX50 - Additions and Removals

[Pixelator]

NZX15: CNU in, AIR out

NZX50: SCL & VGL in, SKL & STU out

[boysy]

TIL must be getting close to inclusion with a MC of $330m

[winner69]

TIL must be getting close to inclusion with a MC of $330m

Hope so - needs something to boost the share price, even if it is an artificial thing like being included in an index

[Earthling]

Does anybody know the current composition of the NZX50? Can it be obtained and, if so, where?
The composition of the NZX10 can be found because the holdings of the SmartShares NZX10 fund, TNZ, can be found at http://smartshares.co.nz/types-of-funds/smartlarge/tnz because they give the top 10 holdings and there are only 10 holdings. Similarly the top 10 shares in the NZX50 can be found because the top 10 holdings of the SmartShares NZX50 fund, TNZ, can be found at http://smartshares.co.nz/types-of-funds/smartlarge/fnz. But what about the other 40?
Tim Bennett spoke at the recent NZ Shareholders Association conference. A friend told me that he asked Bennett about the availability of the indexes' composition and Bennett said that they could be obtained through the online sites of NZ sharebrokers. My friend couldn't find them on the ANZ website, and I had a quick look at the Craigs website and couldn't find them.

[Scrunch]

The link below is missing the most recent changes at the time of posting but is a start

https://en.wikipedia.org/wiki/NZX_50_Index

[blackcap]

Its just stupid how the NZX keeps this top 50 data "private" and that you have to pay to access it. I mean they run the TOP 50 ETF with their smartshares and the prospectus details which holdings they have. Also they have to announce to market which stocks are going in and which are going out at the quarterly reviews. So I do not understand the secrecy? Why play silly games.

[Balance]

Its just stupid how the NZX keeps this top 50 data "private" and that you have to pay to access it. I mean they run the TOP 50 ETF with their smartshares and the prospectus details which holdings they have. Also they have to announce to market which stocks are going in and which are going out at the quarterly reviews. So I do not understand the secrecy? Why play silly games.

Legacy of wunderkid Weldon - everything that can be charged and earn fees for his nest egg, will be.

Those of you who supported him when he raped and pillaged NZX - exactly as predicted, future generations pay.

[Snoopy]

Its just stupid how the NZX keeps this top 50 data "private" and that you have to pay to access it. I mean they run the TOP 50 ETF with their smartshares and the prospectus details which holdings they have. Also they have to announce to market which stocks are going in and which are going out at the quarterly reviews. So I do not understand the secrecy? Why play silly games.

Just had a look at the capitalisation of some of those NZX50 constituents.

Orion Health (OHE): $184.129m (based on a $1.15 share price).
Comvita (CVT): $222.913m (based on a $5,25 shareprice)
Pacific Edge (PEB): $227.736m (based on a 57c shareprice)
Tegal (TGH): $380.82m based on a $1.07 share price. But public float is around 55%
0.55 x $380.82 = $209.451m

Others must just about be due for a recall?

Warehouse (WHS): $728.321m (based on a $2.10 shareprice) {Although I guess the stakes of Sir Stephen 27%, the Tindall Foundation 21% and James Pascoe 16% come out of that.}
(1-0.56)x $728.321= $320.46m
Skellerup (SKL): $302.705m based on a $1.57 shareprice
Steel and Tube (STU): $225.564 (based on a $2.49 shareprice)
PGG Wrightson (PGW): $455.361m (based on a $0.59 share price). Take out the Agria 51% holding and you still get:
(1-0.51) x $455.361m = $223.12m

And what about the 'new guys'?

Oceania Healthcare Limited (OCA): $512.641m (based on a 84c shareprice.)

Could be quite an index shake out on the way?

SNOOPY

[Snoopy]

From the NBR today for those without access:

The companies which make up the benchmark Top 50 Index are under review and it appears likely that Steel & Tube Holdings [NZX: STU] will be turfed out by the recently listed Tegel Group [NZX: TGH].
The results of the review are due to be announced after the market closes on Friday, June 10.
Forsyth Barr quantitative analyst Matthew Leach says the imminent exit of another couple of stocks, Coats [NZX: COA] and Nuplex [NZX: NPX], also makes it likely that Scales Corporation [NZX: SCL] and Tourism Holdings [NZX: THL] will join the Top 50.

If Tegal has only 55% free float then the article can't be right, can it?

SNOOPY

[Fox]

If Tegal has only 55% free float then the article can't be right, can it?

SNOOPY

TGH free float cap of $330m, compared with SCL cap of $470m. Both have similair liquidity (excl. first few trading days of TGH), so I don't see how TGH would rank above SCL. Maybe it has something to do with brand/company recognition, but that is hardly an objective measure.