Australian Vintage still has plenty to celebrate
Winemaker Australian Vintage has lately been the subject of been several major developments. The first was the announcement by S&P Dow Jones Indices that Australian Vintage has been removed from the All Ordinaries Index as part of its March 2015 quarterly rebalance. The All Ordinaries rebalances once a year. While this is non-operational in nature, it is not ideal from a share liquidity point of view and is a reflection of the deweighting of Australian Vintage’s market capitalisation relative to the largest 500 companies listed on the ASX.