Nearmap has been one of my longest held stocks and just an absolute beast of a performer. News out today has it being admitted Survivor style into the ASX 200 with MYOB being voted out. Should put it on the radar of more of the big boy investors.
MYOB Group Limited to be removed from the S&P/ASX 200 Index
SYDNEY, APRIL 15, 2019: S&P Dow Jones Indices announced today that it will remove MYOB Group Limited (XASX: MYO ) from the S&P/ASX 200, subject to shareholder and final court approval of the scheme of arrangement whereby the company will be acquired by KKR & Co Inc (XNYS: KKR ).
S&P Dow Jones will remove MYOB Group Limited from the S&P/ASX 200 effective after the close of trading on April 24, 2019. Myob Group Ltd will be replaced by Nearmap Ltd (XASX: NEA ) in the S&P/ASX 200 effective after the close of trading on April 24, 2019.
Will wait a few days to see what happens before any re-entry.