Sorry that's not correct. Determining movements in and out of the ASX indices is a reasonably complex formula based around liquidity, average market cap over a period etc. Just having a market cap slightly higher than the bottom company on the index doesn't necessarily mean you get moved in on the next re-balance (ie the indices are somewhat sticky). You also have to consider which other company's in the ASX100 might be knocking on the door of the 50 (for example, Bluescope Steel with a market cap of $8.75b is currently in the 100 but not the 50, same with Reece with a market cap over $10b). I'm sure that if Zip keeps growing it will eventually get into the ASX50, but realistically it would need to be $15-20 for a period of time for it to be a possibility.
Z1P Price at posting:
$10.70 Sentiment: Buy Disclosure: Held
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