Inclusion in the NZX50 seems to give a stock some respectability ...and this might happen to Oceania and help it get rid of it’s dog status.
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The Macca overhang controls and caps the SP of this stock and until it's removed or seriously diluted don't expect any spectacular or long lasting fireworks display.
Agreed. There's the short term effect of up to a possible ~ 20% gain, (can't ever recall better examples that PPH and CVT) and then the respectability that comes from inclusion in the index although as BP again quite rightly points out if a company is very badly managed, (not suggesting for one minute OCA is), none of this matters in the long run. Also agree 100% with what Couta1 has just said above. I'm agreeing with everyone so far today, that feels a bit strange lol
Bot sure about what I'm saying but wouldnt it then put it in front of more potential analysts who's funds cant touch it till it is in certain indexes?
It is not unheard of that analysts "validate" their forecasts by looking at the market price. You could even say that this might make some sense.
Anyway - show me one stock where the consensus price was rising while the market price was dropping (or vice versa) and I show you 10 where both moved in perfect harmony :p;
Our Liz Coutts is involved with Global Women and Champions for Change.
That’s a big plus