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So, I was having a bit of a play the other day.

Some "people" are limited to buying the ASX20... others largely want to. IE:->ASX20 listing should, pretty much always, increase SP.

Brambles, BXB is in the ASX20.
BXB has a marketcap of $8.8Bn, according to ComSec.

Santos, STO is not in the ASX20.
STO has a marketcap of $10.6Bn, according to ComSec.

If STO goes back to $14 or so, this gap will widen significantly.

I can't be bothered checking the rest of the ASX20 market caps, but, I wouldn't be surprised if STO was greater than one or two more... and I WOULD be surprised if STO wasn't greater than one or two more at $14.

Of course, having a bigger market cap doesn't mean ASX20 inclusion...

But, 20% larger market cap, with $12.50+ or so providing a solid base (albeit, possibly rooted by an equity raising.... but, an equity raising would give it a bigger market cap anyway!)........ really makes me wonder if it is just a matter of time until STO is included in the ASX20... and the SP thanks everyone.

Anyone know how the process works? Does S&P just consider it subjectively every quarter and go, hmm, you know what? STO looks like it will consistently be bigger than BXB... lets swap them?

Is December suddenly looking like quite a possible date?

As to the cap raising...
stolen from HC:
$15Bn proposed cost for Gladstone.
45% ownership = $6.75Bn costs

Apparently STO have $6Bn in 'funded lines' (I thought it was around $4bn.. but, at any rate, its significant)
+ any cash on hand (ComSec says $2.2Bn for FY2009?)
+presume $400m netprofit

<blockquote data-quote="ricee007" data-source="post: 582723" data-attributes="member: 26298">So, I was having a bit of a play the other day.Some &quot;people&quot; are limited to buying the ASX20... others largely want to. IE:-&gt;ASX20 listing should, pretty much always, increase SP.Brambles, BXB is in the ASX20.BXB has a marketcap of $8.8Bn, according to ComSec.Santos, STO is not in the ASX20.STO has a marketcap of $10.6Bn, according to ComSec.If STO goes back to $14 or so, this gap will widen significantly.I can&#039;t be bothered checking the rest of the ASX20 market caps, but, I wouldn&#039;t be surprised if STO was greater than one or two more... and I WOULD be surprised if STO wasn&#039;t greater than one or two more at $14.Of course, having a bigger market cap doesn&#039;t mean ASX20 inclusion...But, 20% larger market cap, with $12.50+ or so providing a solid base (albeit, possibly rooted by an equity raising.... but, an equity raising would give it a bigger market cap anyway!)........ really makes me wonder if it is just a matter of time until STO is included in the ASX20... and the SP thanks everyone.Anyone know how the process works? Does S&amp;P just consider it subjectively every quarter and go, hmm, you know what? STO looks like it will consistently be bigger than BXB... lets swap them?Is December suddenly looking like quite a possible date?As to the cap raising...stolen from HC:$15Bn proposed cost for Gladstone.45% ownership = $6.75Bn costsApparently STO have $6Bn in &#039;funded lines&#039; (I thought it was around $4bn.. but, at any rate, its significant)+ any cash on hand (ComSec says $2.2Bn for FY2009?)+presume $400m netprofit</blockquote>

[QUOTE="ricee007, post: 582723, member: 26298"] So, I was having a bit of a play the other day. Some "people" are limited to buying the ASX20... others largely want to. IE:->ASX20 listing should, pretty much always, increase SP. Brambles, BXB is in the ASX20. BXB has a marketcap of $8.8Bn, according to ComSec. Santos, STO is not in the ASX20. STO has a marketcap of $10.6Bn, according to ComSec. If STO goes back to $14 or so, this gap will widen significantly. I can't be bothered checking the rest of the ASX20 market caps, but, I wouldn't be surprised if STO was greater than one or two more... and I WOULD be surprised if STO wasn't greater than one or two more at $14. Of course, having a bigger market cap doesn't mean ASX20 inclusion... But, 20% larger market cap, with $12.50+ or so providing a solid base (albeit, possibly rooted by an equity raising.... but, an equity raising would give it a bigger market cap anyway!)........ really makes me wonder if it is just a matter of time until STO is included in the ASX20... and the SP thanks everyone. Anyone know how the process works? Does S&P just consider it subjectively every quarter and go, hmm, you know what? STO looks like it will consistently be bigger than BXB... lets swap them? Is December suddenly looking like quite a possible date? As to the cap raising... stolen from HC: $15Bn proposed cost for Gladstone. 45% ownership = $6.75Bn costs Apparently STO have $6Bn in 'funded lines' (I thought it was around $4bn.. but, at any rate, its significant) + any cash on hand (ComSec says $2.2Bn for FY2009?) +presume $400m netprofit [/QUOTE]

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