Another way of looking at it -
BG currently holds around 2.5% of the company.
There are currently 159,519,782 shares on issue for RAC.
So every 159,520 shares he sells, his share of the company is reduced by a 0.1 basis points, so from 2.5% to 2.4%, 2.3% and so on.
He will gradually drop down the ranks of the T20 and then off the RAC register.
This is why I like days like yesterday where there is big volume as he offloads more. News days can also deliver big volume.
RAC - Charts & Price Action, page-11768
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Last
$1.88 |
Change
0.025(1.35%) |
Mkt cap ! $319.4M | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.89 | $1.85 | $74.38K | 39.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18943 | $1.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 199 | 1 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |