g’day rooks.
the other thing that will come into play later this year is potential for FEX (& TI1), to be included in ASX 300. Inclusions/exclusions are made in March & September each year, so it won’t be soon, but I expect come July/August, we should be banging the door down on that index.
from the bottom (number 300) up, the caps are $110m, $130m, $260m, $290m, $320m.
https://dividend.net.au/asx-300/
stocks need to have a decent cap and have been there for a while before they get in. I expect we’d need to be above $200m at least and have been there for some months. Don’t know really, but TI1 has been at/ above $150m for a while.
once in the ASX 300, a number of instos & funds will buy it.
so if FEX can lay out their use of cash in some detail, we may well make it by September. Just a nice bonus on top of everything else we expect in these next 6 months.
im no chartist, but the 1 year chart is interesting. FEX seems to rise, then enter a period of consolidation/retracing, for a while, before heading higher and doing the consolidation again. We could be entering another consolidation period. But strong Ann’s on the cash might drive it higher.
cheers,
ned.
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Mkt cap ! $190.9M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
5 | 342515 | 26.5¢ |
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Price($) | Vol. | No. |
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27.0¢ | 89917 | 2 |
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4 | 340251 | 0.265 |
4 | 93008 | 0.260 |
4 | 354853 | 0.255 |
21 | 518176 | 0.250 |
7 | 347301 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 204013 | 1 |
0.280 | 1015246 | 5 |
0.285 | 630562 | 6 |
0.290 | 140000 | 4 |
0.295 | 73491 | 3 |
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