Was thinking the same - could be a very pleasant surprise after all...
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Well, PEB is #44 of NZX top 50 companies by market cap - currently with a market cap of $521m ahead of:
AFT $482m
SKL $475m *
NZX $416m *
SKO $307m
MCK $291m
VGL $286m *
THL $273m *
* - Stocks currently in NZX50 index
I think we will see PEB included in the September 2020 quarterly rebalance!
Interesting enough, there has only been one change so far to the NZX50 index this year - NPH replacing GTK on 22 June 2020.
With some massive changes to the share prices of the top 60 companies on the NZX, September rebalance could very well see some big changes!
The shares also need to meet a certain level of liquidity over a certain time period - 3 months I think? So more likely to be included in the December re-shuffle.
Someone selling down.they must really want out.Looks like a few stop losses got triggered
Attempted tree shake
I got all rash and picked up another decent chunk @68. A Johns Hopkins or some such announcement on Monday morning would be luvvly jubbly.