m0ngy, as far I understand it and in very simplistic terms, Instos that would be holding it due to its inclusion in the ASX 200, will now have to sell (most likely have already done so... but not always) due their investment guidelines etc.
There are many more knowledgeable than myself on this topic, so probably worth hunting through other stocks that have been removed in the recent past? (both for HC discussion as well as what has actually happened to the SP).
Just the fact that a large amount of entities might not be able to buy HZN stock in the short term has almost as much of an effect as the actual removal itself?
All IMHO.
Yikes! 12c, page-66
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $300.2M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $120.8K | 640.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 852714 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 2700 | 1 |
View Market Depth
| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| HZN (ASX) Chart |