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EGR

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8.8¢ ecograf limited

Downside is much larger exposure to shorters, I think I'd...

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mattroberts9

178 Posts.

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06/08/22

11:36

Post #: 62960986
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Originally posted by WhatsTheTip: ↑

The ASX300 rebalancing rules are a little bit of a dark art.

To avoid excessive churn of companies on the margin, companies that have made it into the ASX300 can keep their spot for a while even if they fall below the 300th position. This tolerance appears to have an element of judgement and includes factors like market liquidity. This means there is a reasonable number of companies above the 300th point that are not part of the ASX300 and are waiting for a company in the index to be taken over or for S&P to decide to remove one of the participants that have had a collapsing share price. Inclusion is not hit #300 and get in.

Unless EGR issues an excessively large number of new shares, it will be a great day for all current shareholders if EGR does get into the genuine inclusion space but its a long way away at present.

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Downside is much larger exposure to shorters, I think I'd be much more comfortable to consolidate long before being rushed in - can turn nasty quickly as we've seen with some of our high flying battery metal friends recently.

EGR Price at posting: 40.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.8¢		Change 0.001(1.15%)		Mkt cap ! $39.95M

Open	High	Low	Value	Volume
8.7¢	8.8¢	8.7¢	$3.068K	35.14K

Buyers (Bids)

No.	Vol.	Price($)
1	825	8.7¢

Sellers (Offers)

Price($)	Vol.	No.
9.0¢	76867	2

View Market Depth

No.	Vol.	Price($)
1	825	0.087
2	53255	0.086
3	118000	0.085
2	16500	0.084
1	62200	0.080

Price($)	Vol.	No.
0.090	76867	2
0.091	103204	1
0.092	39999	1
0.094	10000	1
0.095	58100	2

Last trade - 15.57pm 11/10/2024 (20 minute delay)

EGR (ASX) Chart

Downside is much larger exposure to shorters, I think I'd...

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Downside is much larger exposure to shorters, I think I'd...