It would seem logical on first look that inclusion in an index like this would lead to good things. My experience with other stocks suggests it doesn't mean a whole lot though. Company fundamentals are still more important (for the long term investor). Right now PRR is still a spec company. I wonder how many other coys in the index are also spec? That would be a very interesting and helpful insight into the usefulness of this listing IMO. Might look into that.
In the meantime, here is an interesting article from a well respected fund manager on the subject (albeit the S&P500 in the US):
"Deletions from the S&P 500 regularly outperform new additions"
http://www.hussmanfunds.com/rsi/misfitstocks.htm
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $379.7M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 27.0¢ | 26.0¢ | $665.0K | 2.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 481070 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 113740 | 17 |
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| Last trade - 12.58pm 18/07/2025 (20 minute delay) ? |
| IMM (ASX) Chart |