MCY Mercury NZ ( MRP Mighty River Power)

[iceman]

But GNE, with just over half of MRPs capitalisation, is being added while MRP drops. It must be liquidity related.

So not a matter of liquidity.

But presumably some other companies have become "larger", or been recently listed - such as Medibank - and have shouldered those at the bottom of the pecking order out of the mighty 500?

[couta1]

despite what this says it is diffidently for reasons of liquidity

Not because of liquidity as MRP has been more liquid than GNE to date, I read this morning that MRP is being included in another international index ( Probably a step up from the one it has just exited)

[couta1]

is that MYT that has been listed in an international index(aussie listing for Might river) or MRP listed in NZ.
It is MYT that officially come out of the all ords.

MRP NZ is entering the FTSE index an index a number of global funds track closely. Meridian was expected to enter this index but will not be included at this stage(Probably explains the recent price drop)

[dingoNZ]

Everyone is chasing yield currently too, I'm surprised MELCA has fallen back lately, looks like the best buying of the generators to me

[Snow Leopard]

So with regard to the recent debate about why Mighty River Behemoth is being dropped from and Genesis Energy Upstart is being included in the ASX All Ordinaries I now have The Answer...




...and it is not 42...




The size determination for a company is based on the six month average of the number of securities held in Australian.


Brockian Ultra Cricket anyone ?

Best Wishes
Paper Tiger

PS: http://www.asx.com.au/products/foreign-entity-data.htm

[Bobdn]

So with regard to the recent debate about why Mighty River Behemoth is being dropped from and Genesis Energy Upstart is being included in the ASX All Ordinaries I now have The Answer...




...and it is not 42...




The size determination for a company is based on the six month average of the number of securities held in Australian.


Brockian Ultra Cricket anyone ?

Best Wishes
Paper Tiger

PS: http://www.asx.com.au/products/foreign-entity-data.htm

http://hitchhikers.wikia.com/wiki/Br..._Ultra-Cricket to save other people looking this up.

[couta1]

MRP exits ASX All Ordinaries today and finishes down on big volume but of course the good news is that sometime soon it will be entering the FTSE index which should give the share price a kick in the pants

[Snow Leopard]

MRP exits ASX All Ordinaries today and finishes down on big volume...

Today was big-boys re-balancing day for the NZX as well

...but of course the good news is that sometime soon it will be entering the FTSE index which should give the share price a kick in the pants

Which one(s)?

Best Wishes
Paper Tiger

[couta1]

Not sure which one at this point PT just know its heading for one of the FTSE indices

[winner69]

From a broker review on March 9th

Increased volumes were seen in a few stocks that were included in the FTSE All World Index. Mighty River Power was added to the index and saw its share price increase by 3.9% after the announcement.

Might have seen the favourable impact already?