Neutral from here.
Being booted from the index is a result of the poor price performance, it won’t cause any further weakness. The index funds are perfectly positioned for this (they have to be) so won’t be transacting to reflect this exclusion after Friday nights close.
Some institutions have index restrictions in their mandates so it may limit the potential buying pool, but not dramatically so. Small Cap managers are benchmarked to the ASX/S&P300 so will still be ok to own PBH.
The Small Cap guys are the natural owners of this anyway and to the extent it is a reasonable weight in their benchmark they’ll need to be aware of it. It would hurt their relative performance if it went nuts and they didn’t own it.
Neutral from here.Being booted from the index is a result of the...
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Last
53.0¢ |
Change
0.010(1.92%) |
Mkt cap ! $172.5M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 53.5¢ | 51.5¢ | $751.7K | 1.431M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 84176 | 52.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 128501 | 1 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
53.0¢ |
Change
0.010 ( 0.95 %) |
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| Open | High | Low | Volume | ||
| 52.5¢ | 53.5¢ | 51.5¢ | 417801 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| PBH (ASX) Chart |