The current top 20 hold a little over 50% of the shares (the T20 cutoff is 552K shares). The T40 own 59% and the threshold is 310K. The top 40 outside of the board hold around 30 million shares.
If you look at the price movement since I joined the company it is a case of a rise over a short period and then a slow fall back in the SP on low volume then another rise. When you have had a stock decline in SP like RAC has over the last 18 months then you will have shareholders trapped that will use any large SP rise as a chance to get out. Once everyone is out who doesn’t want to be in the stock at a current price point then you will see the SP continue in the direction driven by the fundamentals.
RAC Charts, page-502
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Last
$1.66 |
Change
-0.020(1.19%) |
Mkt cap ! $282.8M | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.68 | $1.61 | $118.5K | 72.33K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 601 | 1 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |