Originally Posted by
Snoopy
In a follow up to this post from 2016, I was chatting to my broker about what I see as the inevitable return of Skellerup to the NZX50. Then he informed me it was already back in there! He couldn't tell me how long it had been back though. I did a quick web search and came up with no clues. No announcement to the market. No press release on the website. No announcement by the NZX. Nothing from the fourth estate. Has the NZX become so 'premium buyer sensitive' that they don't see the need to update the wider market when changes to the NZX50 are made? Did Skellerup themselves even know they were back in there?
On a secondary note the ACC, had they kept their full investment in SKL, had they banked the dividends, they would have seen a near 100% return on their Skellerup investment in just two and one half years. I guess even 'superb track records' can go off track?
SNOOPY