I have made a market cap calculation for ADJ (Adslot) for February/beginning of march 2017. ADJ was one of the companies included in AllOrds back in March 2017.
Number of shares at that date was around 1.284 billion
Closing price varied between 0.069 and 0.085, most of the time (febr-beginning of march) between 0.07 and 0.08.
So a weighted Market cap varied between 90 mil (price 7cents) and 102.7 mil (price 8 cents)
Based on this calculation if SMN share price varies between $0.95 (market cap 107.1 mil) and $1 (market cap 112.8 mil) then we should remain in AllOrds . Our share price closed most the time between 0.95 and $1 after 15th of February, but it was well over $1 in the first part of February. I don't know what period is used by S&P when they calculate the market cap for index rebalancing, but I would say that we have good chances to be safe and remain in All Ords. There is only 1 criterion that counts for AllOrds, namely Market Cap with no liquidity requirement
S&P Rebalance, page-2
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Last
48.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $105.3M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6500 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.5¢ | 69712 | 2 |
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