If MSB is to be removed from S&P ASX 200...., page-5

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swerdna1979

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17/07/16

12:55

Post #: 18288463
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Originally posted by travelightor ↑

As we all know, MSB is currently included in the S&P ASX 200 index. Being included in a major index such as this has its benefits, namely, all of the index funds will have to buy the stock so that the funds' performance can mimic the real performance of the index.

This index is rebalanced every quarter, meaning companies near the bottom of the list whose market capitalisations have fallen significantly to be below the threshold are regularly replaced by new market darlings whose market cap has gone above the threshold.

When this happens, there may be some degree of selling pressure on the stock as various index funds offload their shares in the discarded companies.

I am seriously concerned that MSB may be a candidate to be booted off the S&P ASX 200 index.

These are my reasons:

- As of the close of 15 July 2016, the smallest market cap of the company in the list is $383 million, and MSB current market cap is only $421 million, very close to the bottom end. In fact, out of 200 companies in the list, there are only 3 companies whose market cap are smaller than MSB.

- Of the 200 companies in the list, MSB has the lowest 12 month return of -72.17%. The second lowest in the list has a return of 'only' -45.30%.

---

I hope some holders may find the the above information useful.

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- And because it's a dog of an investment with little prospect of material recover.

MSB Price at posting: $1.11 Sentiment: None Disclosure: Held
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(20min delay)
Last $1.64		Change -0.015(0.91%)		Mkt cap ! $2.114B

Open	High	Low	Value	Volume
$1.65	$1.66	$1.63	$502.8K	305.4K

Buyers (Bids)

No.	Vol.	Price($)
11	38810	$1.63

Sellers (Offers)

Price($)	Vol.	No.
$1.64	18828	11

View Market Depth

No.	Vol.	Price($)
13	74810	1.630
10	57045	1.625
14	88645	1.620
12	128547	1.615
11	361793	1.610

Price($)	Vol.	No.
1.635	17141	10
1.640	35424	15
1.645	39157	8
1.650	56986	9
1.655	84992	7

Last trade - 10.25am 14/07/2025 (20 minute delay)

MSB (ASX) Chart

If MSB is to be removed from S&P ASX 200...., page-5

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If MSB is to be removed from S&P ASX 200...., page-5

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