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2.86%

17.0¢ seven west media limited

Currently need a market cap of 1.07 billion to get into the top...

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Epearce1

139 Posts.

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18/08/22

14:28

Post #: 63191780
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Originally posted by NoobLuke: ↑

. when the asx 300 is rebalanced, and if we get in, then vanguard and index supper funds buy swm and sell their positions in the companies that drop out. simplified but I think that is correct.

will that cause a massive lift in price? as KS is a major holder and likely to keep the position, coupled with a buy back of potentially 10%. would that lead to a strong demand that would move this price along?

even with Byron selling and jumping back in and trading by the seat of his pants

but seriously if a company is strongly held, and index funds are forced to buy in what sort of momentum would that have?
I wonder if there has ever been a case that the index funds could not buy shares in x company due to a limited shares for sale?

I guess Berkshire Hathaway could also be one of these situations maybe?

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Currently need a market cap of 1.07 billion to get into the top 300, we currently have 834mil... Unlikely to happen before next re-balance.

SWM Price at posting: 50.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 17.0¢		Change -0.005(2.86%)		Mkt cap ! $261.6M

Open	High	Low	Value	Volume
18.0¢	18.0¢	17.0¢	$204.5K	1.174M

Buyers (Bids)

No.	Vol.	Price($)
8	248751	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.0¢	629773	17

View Market Depth

No.	Vol.	Price($)
8	248751	0.170
6	466000	0.165
9	591514	0.160
5	593000	0.155
6	272040	0.150

Price($)	Vol.	No.
0.180	618732	16
0.185	403888	10
0.190	703189	14
0.195	214794	9
0.200	456088	13

Last trade - 16.10pm 19/06/2024 (20 minute delay)

SWM (ASX) Chart

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