Ann: Andover Delivers More Outstanding Lithium Results, page-245

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dolcevita

30,375 Posts.

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03/10/23

12:03

Post #: 70145457
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Originally posted by calmbeforestorm: ↑

AZS is NOT in the ASX 300 index published by S&P. It missed out in the September rebalance. If AZS was included then AZS would have put out a price sensitive announcement of such an event. S&P does a rebalance every March and September of the ASX 300 index.The rebalance takes into account the stability in the SP ie how long it was at a level that could make it into the top 300 and other factors - it is definitely not as simple as being the largest 300 by MC at one date. AZS probably missed out as it was only at a higher enough SP for a short period of time.

It will make the S&P ASX 300 next time if current SP is maintained.

It’s only when a stock is included in the S&P 200 or 300 index will certain funds are able to buy the stock and when index funds buy the stock.

AZS is not in the all ordinaries index as the index only rebalances March each year.

If AZS SP rises further in October it has a chance of making the S&P ASX 200 rebalance in December but the chance is probably quite low.

When AZS makes the 200 or 300 index there will probably be a SP uplift - some funds buy stocks who are likely to enter these indices but before S&P makes the announcements to catch the SP uplift - Regal is one such fund. Next March maybe late February is the time to watch AZS for such a SP uplift.

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Thanks for that...the ASX enquiries guy led me astray on this, he said:
it's there and showed me the website with it but as you point out that's the market cap list.
The information should be easily accessible.
Plus it's not ASX300 it 's SP ASX300. Annoying!

AZS Price at posting: $2.78 Sentiment: Buy Disclosure: Held
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0 Great analysis

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