There is a discussion in the A2 Milk forum about why they missed out on inclusion, one post references an old methodology document which states;
"The Index Committee reserves the right to use discretion to include, exclude, adjust, or postpone the inclusion of a stock, the shares, and the Investable Weight Factor (IWF) of a stock"
https://hotcopper.com.au/threads/10-and-asx100-imminent.3857726/page-66?post_id=29475689
Ann: Investor Update Presentation & Confirmation of FY18 Guidance, page-338
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