If they didn't already know, they certainly knew from my last 2 emails we were going to be removed from the ASX 300.
As for the XAO, I still don't understand why LLL are being removed.
The All Ordinaries (XAO) tracks the 500 largest companies listed on the ASX according to their market capitalisation. ~ It is considered the benchmark index for gauging the performance of the broader Australian stock market.
The All Ords is a capitalisation weighted index. ~ Working out the market capitalisation of a company is a straightforward equation and is done by multiplying the total number of issued shares in a company by the share price.
I suspect that LLL won't be trading by the time the Annual Report is released - due the end of the month. The Top 20 holders information will be an interesting read.
cheers
LLL Price at posting:
50.5¢ Sentiment: Hold Disclosure: Held
(20min delay)