Alright, so I've dropped the data and had to remove the Exchange Traded Funds and Listed Investment Companies (listed funds) to get the clean 500 list. Interesting that the SPDR ASX200 Fund is ranked #90th with a $2.9bil market cap.
So as of today's undiluted market cap of $165mil, CVT is ranked 408th, which represents 0.01012% of the All Ords Index (which is worth $1,630bil). To put it into context, it will mean that ETF's / passive funds that mirror the All Ords will need to purchase $101.20 shares in CVT for every $1mil invested in the market.
I think where we will see the most value will be from the small / mid cap fund managers that have met with the company and are now allowed to 'consider' CVT once it joins the index.
Just what we needed, page-4
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0.9¢ |
Change
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Mkt cap ! $13.08M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.9¢ | 0.7¢ | $80.47K | 9.175M |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4323057 | 0.8¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1070000 | 2 |
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| EXT (ASX) Chart |