Third Friday of the last month of each quarter (this one 16/3/2018) is index rebalancing day with the changes to the index announced after close of trade the Friday before (9/3/2018)
With CBL certain to exit and MPG with a market cap of just on only $140m also looking likely this begs the question on who are the likely contenders to replace them ?
I note HLG has a market cap of $273m at $4.60 and after deducting timothy Glassons 20% stake that leaves a free float of $218m. Looks likely they're a contender.
Other possibilities ? please feel free to share your thoughts.
Full disclosure : I hold HLG and have been topping up on SP weakness in recent days.
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