FFM currently has a Market Cap of approximately $790 m at $1.22 yet the last listed stock in the ASX 300 is SX2 at $837 m Market Cap, so FFM only need less than say a 7% increase to be eligible for the Index given it already has good liquidity. It looks like around $1.30 is the trigger point price and given some funds pre empt stocks coming into the ASX 300 and buy ahead of their inclusion FFM is clearly getting close to Index buying. As existing shareholders we all benefit from index funds having to rebalance their weightings, irrespective of the merits of the company. Well done to FFM management for guiding this project so close to being included in the ASX 300 index. Regards Buffett
FFM Price at posting:
$1.22 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)