Village Roadshow, Prime Media and NZME fall off the ASX200 and ASX300 lists after poor performance

Village Roadshow has been removed from the ASX200 list while Prime Media and NZME have been removed from the ASX300 due to the recent performance of the three companies.

The ASX200 contains the top 200 ASX listed companies by way of float-adjusted market capitalisation while the ASX300 contains all ASX200 companies and 100 smaller-cap shares. The lists are compiled by financial ratings company Standards & Poor’s.

The three companies will all drop off the lists as of September 16 as a result of the September quarterly review.

Village Roadshow (ASX: VRL) has seen its share price struggle in the past week, dropping from $5.26 on August 24 to $4.77 on August 25. At time of publication it had a share of $4.61, with the company reporting a market capitalisation of $742.69m.

village roadshow ASX

Regional television operator Prime (ASX: PRT) saw revenues fall by 7.7% to $239m and profits fall by 17.1% to $55m in the first half of this year, the company revealed last week.

Since the company reported its financial results to the ASX on August 23 its share price has slid from $0.29 to $0.25. It currently has a market capitalisation of $91.58m

prime asx

The newly-listed NZME business did not last long on the ASX300 list after its shares quickly plummeted by 21% in its first two days of trading.

The share price did rally after that, climbing to $0.90 on August 4 but has since dropped off again to sit at $075.

APN News & Media demerged its New Zealand assets into the new entity at the end of July with NZME (ASX: NZM) listing on both the NZX and the ASX.


The removal of the three companies from the ASX200 and ASX300 lists could impact upon their respective share prices with some fund managers obliged to sell their shares in the company now that they are no longer included on the lists.


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