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RAC - Charts & Price Action, page-13026

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LongTony

2,770 Posts.

2458

09/07/22

17:25

Post #: 62457346
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Originally posted by dangkhuat: ↑

Special Edition each MONDAY only.
(118 trading days to Xmas 2022)

1) Estimate Max Buyback shareprice by
Xmas 2022:
Average increase per day 242 c - 170 c ÷ 13 trading days = 5.54 c
DISCOUNT -50% of 5.54 c
= 2.77 c X 118 trading days = $3.27

Estimate Max Buyback price by Xmas is
= $1.70 + $3.27 = $4.97

2) Estimate Shareprice by Xmas 2022:
Average increase per day 240 c - 166 c ÷ 12 trading days = 6.16 c

DISCOUNT -50% of 6.16 c
= 3.08 c X 118 trading days = $3.63

Estimate Shareprice by Xmas is
= $1.66 + $3.63 = $5.29
**********************************************

RAC buyback Monday 11/7 (13th day)

5 days vwap (4/7- 8/7) is $2.308

Monday ===> RAC can buy on the market upto $2.308 + 5% = $2.423 per share.

Max buyback Monday is $2.423
increased + 2 % from last Friday ($2.373).

Monday max buyback increased +42 %
From 1st Day (23/6) = $1.705
To13th Day (11/7) = $2.423

Since Buyback started(12 trading days) Shareprice increased +45%
From 22/6 = $1.66
To 8/7 = $2.40

Monday if buyback happens ===>
possible price range: $2.308 - $2.423

Note: - Rough Estimate BG shares less than 2.7m(Sourced from Wombat 2.9m at 22/6).

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Benford feels like you haven't read his work.

RAC Price at posting: $2.40 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last $1.59		Change 0.045(2.92%)		Mkt cap ! $265.8M

Open	High	Low	Value	Volume
$1.60	$1.60	$1.55	$138.7K	88.71K

Buyers (Bids)

No.	Vol.	Price($)
1	1470	$1.59

Sellers (Offers)

Price($)	Vol.	No.
$1.60	2500	1

View Market Depth

No.	Vol.	Price($)
1	1470	1.585
1	1250	1.580
1	1893	1.575
2	16363	1.570
2	10056	1.560

Price($)	Vol.	No.
1.600	2500	1
1.615	5610	2
1.620	2622	2
1.640	622	1
1.650	7731	1

Last trade - 12.20pm 10/10/2024 (20 minute delay)

RAC (ASX) Chart

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