Hi CrossM.............. I would say a 'yes' as there are Managed Funds that track / invest in the ASX 300 also some Micro Cap Funds (WBT may be above their guideline now) --- and WBT is on target to be a part of the ASX 300 soon- very soon.
Some Funds' analysists monitor ASX shares and when one -say WBT- enters the 'parameters of their guidelines' then it is closely monitored. Should it (WBT) continue to meet their research guidelines - and one would expect it does 100%, then some would buy before its entry to that index. Some wait till entry -then they have to buy - to meet their guidelines. Just like an action of -'of a feeding frenzy'- (a bit dramatic - but get the drift ) chasing the share price- up.
Having said that, Funds' guidelines may have a set quantity to buy. In WBT's case a challenge. Shares are 'sticky' (holders -hold- look at some of the poster's comments on HC- 'not selling') - 50,000 maybe OK 100,000 er, 500,000 a real challenge - especially if a number of Funds are 'in the market for WBT' at a similar time. Managed Funds do not buy small parcels- usually.
WBT's proven story -and ESPECIALLY the quality of its BoD , who are second to none, meeting targets, keep shareholders informed and are open to questions- not a common from my experience in the Market. This is a major factor... Their knowledge is excellent and WBT's management and staff , that shareholders know of, brilliant. Look 'em up.
Keep safe all AND - all in my opinion - DYOR
WBT Price at posting:
$6.60 Sentiment: Buy Disclosure: Held
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