12 month ASX Biotech rankings today (Stock head) by share performance show RAC middle of the (very large) pack. Negative 34%.
Headline (Stock head) reads - How out of favour Biotech has a PR problem.
Let's face it Race shareholders are now a cult and the key to joining/entrance to the cult is the credibility of the Three Pillar Strategy and blindly accepting the upside potential accordingly.
But it's missing the one key requirement - a decent hit, even a decent bunt, doesn't have to be a home run but it needs some sort of clinical success to convert the interest in the promise to investment behind the promise - by NEW INVESTORS.
Not the same old bot controlled churn pushed down by BG and supported occasionally by the BB.
Let's see what the mood of the AGM is today.
Ann: Race 2022 AGM Presentations, page-18
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$1.55 |
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Mkt cap ! $254.7M | |||
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