This is excellent news and storytime.
Let me take you back in time when the last time an on-market trade happened for RAC. As observed below, Phillip(Phil) Lynch made an on-market trade on the 25/06/2020. Keep this date in mind as it will come important shortly.
Next, let's observe the share price over this period of time past the on-market trade made by Lynch. Note, keep in mind this was prior to the City of Hopium announcement.
As we can see, the share price continued to rally up off the back of the City of Hope FTO announcement. Therefore, it is very important IMO to observe the movement of directors when making your investment decisions as they can give away what is to come. After all, they have more insider knowledge than anyone else in this forum.
Now, using this newfound and make a reasonable assumption that the purchase of 8,000 units today alongside Dr T conversion is a signal of upcoming SP increase.
DYOR and make of it what you will.
Ann: Appendix 3Y - Mary Harney, page-12
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Last
$1.65 |
Change
-0.030(1.79%) |
Mkt cap ! $276.8M | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.68 | $1.61 | $67.25K | 41.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 344 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 17415 | 4 |
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| Last trade - 13.59pm 04/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |