Well, this hasn't aged well. We are only one month away from the announcement of the All Ords rebalance. The only criteria for listing on the All Ords is market cap. Currently, the cheapest stocks on the All Ords have a market cap over $400m. If SRL are going to make it onto the list, we probably need a mc of at least $450m. If finance is finalised in the next few weeks, we have a solid chance of getting listed on the All Ords. If not, I suspect we might miss that boat. The appeal in getting listed on the All Ords is that there are many index funds based on the All Ords and they have to buy into all the newly listed companies. I was holding AEF when it got listed on the All Ords and the share price went nuts.
SRL Price at posting:
$1.83 Sentiment: Buy Disclosure: Held
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