It will be announced by S&P THIS FRIDAY 12th JUNE but after the...

It will be announced by S&P THIS FRIDAY 12th JUNE but after the market closes. However, this announcement gives ONE WEEK'S NOTICE of the rebalance (and most likely inclusion of TYR in ASX 200 index). So it doesn't 'officially' become part of or get traded as ASX 200 until the market opens on MONDAY 22nd JUNE.

As per previous posts, and just for your and anyone else's info: the S&P index rebalances normally occur quarterly, but the one due in March was postponed until above for obvious reasons (the whole world lost its shit and markets followed).

Anyho, the main thing here is that once our beloved Tyro does become part of ASX 200 index (due to market cap, liquidity and other criteria - see links below), it means that the funds that track this index must have it - think about that. Think harder. It means super funds, hedge funds, ETFs and some LICs - mostly Australian, but some international.

So, think about all that money and what kind of demand that potentially represents, especially for a company that currently only has about 20% free float.

Now obviously not all of these funds (and their robot trading SP manipulating brokers) have been sitting on their hands waiting for the above announcement - this explains the trading pattern over the last few weeks.

However, some funds (believe it or not) cannot actually buy/trade until it does actually become 'official' due to their rules of governance etc. So, potential spike here, and also from those privateers and brokers who trade the index.

Here's the links:

https://www.marketindex.com.au/rebalance-announcements (scroll down)

https://us.spindices.com/indices/equity/sp-asx-200#overview

Hope everyone had a great 'less lockdowned' long weekend.

Cheers! IMHO, DYOR & GLTAH