It's a much lower bar to be punted from the Index than it is to enter it. The rationale is so the index doesn't chop and change too frequently. Maybe a 30% drop from here would get it there but maybe even that now would be too late to be considered for a December rebalance exit.
Come Q1 production will be close, inflation under control (fingers crossed). As investors pile into the market again she'll start rising again. I don't think we should be worried about an ASX 200 exit now. I don't think the shorters would even want that.
What we need is inflation to come down, interest rates to plateau and production to come on line.
Ripe picking for anyone wantng a takeover.
And for those of you thinking a share consolidation will do anything, it's all about market cap and not the price so it won't do anything.
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