But GNE, with just over half of MRPs capitalisation, is being added while MRP drops. It must be liquidity related.
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Everyone is chasing yield currently too, I'm surprised MELCA has fallen back lately, looks like the best buying of the generators to me
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.
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:cool:
Today was big-boys re-balancing day for the NZX as well
Which one(s)?
Best Wishes
Paper Tiger
Not sure which one at this point PT just know its heading for one of the FTSE indices:cool:
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?