LNC is powering on. Currently up 22c to 2.55 !!
Wonder if it's because AFC announced they were opening an office in South Korea.
Or something even bigger ?
It would appear that the punters in the US have taken the bait. Last 4 trading days volumes have been through the roof. Do the Muppet's have more cred than we have given them? Or are the yanks looser with their dough?
Aussie punters are lining up!!! Can we get above $3. Getting above probably not the problem, holding there?? still need more than just pisssss and wind :whip
:Love attending the party but I know there's inevitably a hangover the next day:frown:
What is the criteria to make it into the various ASX lists. LNCs' share price has improved considerably, whether justified or not it has remained above the $2 mark which with my mathematical genius puts it above 1 bill. So where will it stand in the 'P' ing Comp. Haven't seen any obvious increases in substantial holdings as such and if it does get a seat at one of the big boys tables when do they have to start showing an interest?
What is the criteria to make it into the various ASX lists. LNCs' share price has improved considerably, whether justified or not it has remained above the $2 mark which with my mathematical genius puts it above 1 bill. So where will it stand in the 'P' ing Comp. Haven't seen any obvious increases in substantial holdings as such and if it does get a seat at one of the big boys tables when do they have to start showing an interest?
“You’ve got the majors, but at the same token a lot of second-tier groups with big checkbooks,” Peter Bond, chief executive officer of the Brisbane-based company, said in an interview. “We’ve had about 70 inquiries.”
This is from Wikipedia- http://en.wikipedia.org/wiki/S&P/ASX_200
"The ASX 200 is capitalization-weighted, meaning a company's contribution to the index is relative to its total market value i.e. share price x number of tradeable shares. The ASX 200 is also float adjusted, meaning the absolute numerical contribution to the index is relative to the stock's value at the float of the stock.[3]
Although the calculation starts with a sum of the market capitalisation of the constituent stocks, it's intended to reflect changes in share price, NOT market capitalisation. Therefore a fudge factor called the "Divisor" is used to ensure that the index value only changes when stock prices change, not whenever market capitalisation changes. For example, if a company increases its market capitalisation by issuing new shares, the Divisor is adjusted so that the ASX 200 index value does not change."
I understand that "tradeable shares" excludes Bondy's 200M shares so that makes a big difference in Market Capitalisation.
Sitting back patiently for weak volume to show in the run, then I'll drop my piano on it!
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