cool - definitely a better time to hold NZR than PEB :t_up:
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what are the benefits to be included in nzx 50..?
Index funds are based on index weightings, eg NZX50, so fund managers are pretty much compelled to buy those stocks and to adjust their holdings as prices move. Other non-index funds often keep fairly close to the index, rather than risk badly under-performing!
doing good...ex dividends
Expect more activity this week and next week before the index changes take place on end of 18th Sep trading day. Might see testing that $3.50 mark in the medium term. With OCR cut almost certain and NZD tracking lower by month, its all looking good.
3.50 is well and truly on its way
and we should also expect to see the throughput report for july/august released on Monday (or perhaps Tuesday Wednesday?). This might also see some SP movement, not sure what to expect actually, I don't think we will see $9 GRM margins though?? lower??? anyone?? $7.50??
August Singapore complex refining margins seem to be about $USD5 per barrel http://www.koreaherald.com/view.php?ud=20150910001212
Recent NZR uplift-over-Singapore around $USD4 per barrel.
Total margin $9 per barrel?