FFX 0.00% 20.0¢ firefinch limited

General discussion, page-5128

  1. 6,931 Posts.
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    Based on the admission criteria to the ASX 300, I cannot see any current reason why after the half yearly rebalance FFX would be deleted from it.

    (1) Market Capitalisation: Minimum $100m ~ this actually equates to $0.084c per share .......
    ~ a daily average market cap (ADMC) over $100m

    (2) Free Float
    ~ minimum free float threshold of 30%
    ~ free float is the percentage of Company shares freely available to be traded

    (3) Investable Weight Factor
    ~ IWF is also based on the Company's free float
    Leo Lithium's IWF won't be impacted by Firefinch's 20% holding, controlling and strategic holdings are excluded from the calculations
    Individuals who hold more than 5% are also excluded but securities companies, finance companies and investment, pension & mutual funds are included.

    (4) Size
    ~ is based on the average of the previous 6 months day end free float adjusted market capitalisation
    ~ further adjustments are calculated during times of high volatility

    (5) Liquidity
    ~ has to actively and regularly be traded
    ~ liquidity is measured relative to its size peers

    Firefinch will still be there after the September rebalance but it can be deleted if its rank buffer is lower then 134th .....
    Leo Lithium will join them in the ASX 300 at the March rebalance on the proviso that there is enough deletions.


    cheers
    ps I don't think I missed anything ?
 
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