Your reply seems to indicate that the ASX decide who is in the indicies. My understanding was that S&P were the ones that do the analysis and decide and publish the lists. S&P do this for their other global indicies too, including the Dow Jones. Do you have any more info on who inputs what to the process?
No doubt whoever is making the calls reads the announcements from candidate companies, and I agree the liquidity data inclusion certainly seems to be trying to catch the attention of people that care about liquidity (i.e. fund managers), but I would have thought their automated systems would spit out all the relevant liquidity data anyway.
I also would have thought that the decisions would be made by now and going through the sign off procedures for Friday's publication.
I believe there is a weighting factor for all the constituents also, but I've never seen this published anywhere. I suspect the index fund managers and web engines that calculate the up to the minute index data have to pay for this information.
Very curious. We will know in 4 days.
The L9 is even more curious. According to Ophir, they own 90%, and according to FAR, they own 30%. As per news release on July 7 2014, Vanoil think they own 10% as well, but their projects page no longer lists this block. Reminds me of the old Dire Straits classic Industrial Disease - "Two men say they're Jesus, one of them must be wrong..."
FAR Price at posting:
9.4¢ Sentiment: Hold Disclosure: Held
(20min delay)