Paladin Energy joins ASX 100, broker warnings meet index flows
Paladin Energy is set to join the S&P/ASX 100 on Monday, lining up with index-driven flows for the uranium producer. The move lands as new broker reports raise concerns that Paladin’s valuation is outpacing the actual results from its mines. Timing is key. Index funds that track benchmarks have to buy or sell when a stock enters or leaves. That move drives some quick demand for Paladin, but the addition leaves the company’s production, expenses and cash flow unchanged.