Thanks. good info JJBen
delta, I agree it still looks expensive but this stock has hardly ever looked cheap. Doesn't give back much in yield either so you really need capital growth to make money.Also, difficult to compare to the sector as the other big local company is rubbish in comparison..Adcock.
A free-float weight change comes into effect the 24th of June. This means that index tracker funds need to reduce holdings in the counter (free float falling from 79% to 60%). source: TradersCorner.
The counter will be under pressure until then, unless the ETF's and UT funds do the adjustments before the time.
I will add to my long-term portfolio now, and more if the price dips below R185.