The ASX 300 companies have a capitalisation of about $1.6 trillion.
Assuming the capitalisation of POH at the time of entry was say $ 100 million then it would have comprised 0.0062% of the Index.
I have no idea how much is invested in ASX300 Indexed funds but lets say it is $5 billion.
At that level then POH's share of the $5 billion would be $3,100,000.
At an average of say 10 cents/share at entry the funds would thus have about 31 million shares to divest.
To date in this sell-off about 20 million shares have been sold to date.
On the above assumptions another 11 million would need to be sold this week.
Can someone give us a better estimate of the above figures to give a more accurate estimate of the dumping to come?
I bought a few more today!!!!
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