This may not get better certainly not soon but it's ramping to...

This may not get better certainly not soon but it's ramping to claim dropping out of the ASX200 has a big effect. I suggest you have a look at FXL, JHC and REG they all dropped out at the last meeting on December 8th and the SP of 2 out of 3 of those companies rose in the following days.

The firms in the bottom 10 of the asx200 by capitalisation are "discretionary" i.e a lot of funds that follow the index don't carry those stocks and RFG has been one of those for a while. Vanguard and the few that follow the index religiously have very small holdings. I think it's really priced in at this stage and when RFG is dropped at the next meeting in March it may not have much impact at all.