Not quite sure whether you are giving an answer or asking a question with you comment. If it is a question towards me then my answer using my definition of small caps in Australia they have a market cap of typically less than $400 million.
However the S&P/ASX Small Ordinaries Index, which represents the smaller members of the ASX, has companies included, that range from around $10 million to several billion. The average size of the market cap is somewhere around the $400 million mark.
I use to trade with COMMSEC and their definition was "companies that sit outside of the largest 100 on the ASX by market cap. The S&P/ASX Small Ordinaries index (XSO) represents those smaller members of the S&P/ASX300 index. It’s used as a benchmark for small cap Australian shares. Companies in this index generally have a market cap of a few hundred million dollars to $2 billion." https://www.commsec.com.au/support/.../what-are-large-mid-and-small-cap-shares.html
All constructive criticism welcomed, as these are my thoughts and interpretation that I post, and they do not replace professional advice and no one can truly predict, in any way, future trade quotes and performance. Good luck to all that hold.
KRC Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held
