NZX 50 Index - Forthcoming potential Changes.

[Greekwatchdog]

S&P confirm no changes to the NZX 50 for June - or the NZX 10/20.

The recent announcement of renewed takeover bid for THL suggests a place might be freed up by them rather than by KMD exit in the coming September review. PEB is primed to pick up the spot either way, with both a solid upward rerate on positive Medicare coverage developments, and an increased capital base from the raise just completed.

Particularly if THL does get removed, KMD looks less likely now to fall to 56th place. Catalysts for KMD removal could turn out to be transactional - either it makes a significant divestment (sale of Rip Curl and/or Oboz) that shrinks the company, or it gets taken over and privatised.

KMD is still trading live on the ASX and I don't see its price budging on the oblique news - suggesting not many deep pockets were surprised it didn't get kicked out today.

Disc: Holding all of THL, KMD and PEB. Especially PEB.

For Bar June note had this order. Probable changes in Sept?

49 = SKO
50 = KMD
51 = SEK
52 = PEB
53 = ERD

Could be a change or two coming and your right PEB in line with inclusion in index 50

[bulltrap]

From the S&P ASX June 2026 review, the only NZX-listed change is the removal of ERD from the All Technology Index, effective at close on Friday 19th June.

It was only added last September (Friday 19th), which happened to coincide with its peak price of around AU$2.60. It wasn't a particularly high-volume day, so I don't expect there to be much passive holding to unwind. Someone's been doing some on-market hoovering of late anyway.

Disc: Holding ERD too. (You'd think I'd just buy one of those index ETFs I keep harping on about and break for lunch, but where's the sport in that?)

[Shareguy]

Currently, the automatic entry level to the benchmark S&P/NZX 50 index is NZ$452m. PEB and others well short of that.

[Greekwatchdog]

Currently, the automatic entry level to the benchmark S&P/NZX 50 index is NZ$452m. PEB and others well short of that.

If PEB get a positive news re Novitas on LCD or a positive ist quarter update in July then I suspect the shareprice will be more than high enough to get in. Cant see volume of shares stopping it.

A couple of "IF's" there..

[bulltrap]

Currently, the automatic entry level to the benchmark S&P/NZX 50 index is NZ$452m. PEB and others well short of that.

I agree and I never claimed otherwise. The case for PEB entering the NZX 50 this year is to replace an exit, with known candidates being THL or KMD.

At the leading edge, PEB would need to sustain an average share price above 40c for 6-9 months for a shot at automatic entry. That'd be surprising this year, but not surprising next year if the LCD decision is positive.