vrl impact from ncp departure

Wonder what the Index impact is going to be when NCP is removed from the Consumer Discretionary index some time down the track ?

VRL is the most only other example of a stock with exposure to film production on the ASX.

Unsure how much of an impact this will have. Buyback Mark I and II seems to be underpinning the price of both ords and prefs fairly well. The further reduction in shares on issue will be a positive for the underling asset value of the remaining VRL and VRLPA.

Haven't sold and still watching