3. We made it into the ASX200
Not sure how you figure this. It is possible we are in the top 200 for market capitalisation, but it takes more than that to make the ASX200. Standard and Poors are the 'owners' of this index, and every quarter they rebalance it. Take a look at the last three tickers added (announced 5th Sept, effective 19th Sept) - AHY, LNG, TNE. All billion dollar companies.
The dropouts, BRU, AWH and TRS are now similar MC to FAR, but have dropped to that level over the past 6-18 months.
On a good find at FAN-1 they would have to consider including us, possibly December but more likely March at the earliest.
LNG had 356M shares on issue April 30 at about 70-80c (just looking at the graph), which is around $250M MC
With some capital raising they are up to 461M shares by Aug 6 at about $3.50 which is well over $1B.
So probably need to hold the 10c mark for a good six months before becoming a candidate for inclusion.
It is based mainly on market cap, but also liquidity (which has been excellent for FAR lately) volatility and I think future prospects for sustaining the level.
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Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
51.0¢ | 51.0¢ | 50.0¢ | $13.38K | 26.64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99993 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 314682 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 99993 | 0.500 |
2 | 32029 | 0.495 |
1 | 38794 | 0.475 |
1 | 42553 | 0.470 |
1 | 3000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 59301 | 2 |
0.515 | 23257 | 2 |
0.520 | 338616 | 8 |
0.540 | 451 | 1 |
0.550 | 2285 | 1 |
Last trade - 15.44pm 08/11/2024 (20 minute delay) ? |
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