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  1. 07-03-2018, 04:11 PM #1
    Beagle
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    Default Next Companies to be added to the NZX50, which ones ?

    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.
    Last edited by Beagle; 07-03-2018 at 04:13 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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