Will Endeavour Enter the FTSE100?With the LSE listing on the way, I've been doing some sums to determine whether the company will enter the FTSE100 index when it lists.
Using the post-merger share count of 255.3m shares and current exchange rates, I calculate that EDV's share price will need to reach ~C$35 for FTSE100 entry to be likely, so we've got a little way to go before that is likely to happen.
Nevertheless, our market cap should put us near the top of the FTSE250 index, which will bring in some funds that track that index. As we near the FTSE100 level, FTSE100 trackers should start buying too.
Cheers,
Mark