The market also thought Race was 4.5c less than 2 years ago. the company is now 68 times the value then.
The market has either determined that the value of the company from then til now is 68x more valuable based off new research or that it was undervalued and the market wasnt aware.
If we compared this company to a company in the US, which had more exposure and understanding of this particular sector, what would Race be valued at?
I'm happy to agree to disagree, but I'd like to believe at our end game of a buyout, this news would have value(not immaterial)
RAC - Charts & Price Action, page-4005
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Last
$1.59 |
Change
0.055(3.59%) |
Mkt cap ! $270.1M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.60 | $1.53 | $79.91K | 51.96K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 23239 | 1 |
View Market Depth
| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| RAC (ASX) Chart |