RAC - Charts & Price Action, page-17280

Here's some facts:
Sept 30 - June 31st
We have lost 514 shareholders in total.
515 of those shareholders gone from the 0-10,000 Quartile
1+ Gain above 10,000

The 10 -100k has been fairly consistent based on the previous 2 years, i would argue based on when this quartile boomed and hasn't varied that much, the average price for this quartile would be much higher than today's SP - Rusting them on so to speak (Easier to stomach a $3k loss than a $30k loss IMO)

The T249 has increased by nearly 5m shares in this period (Bullish)
T20 is up 0.5% in the last 6 weeks. Net buyers (Bullish)

Conclusion, a small amount of weak hands, panicking has killed the SP and overwhelmed in the absence of enough buying.
Example, the 100+ club purchasing 0.75% in the last quarter has not been enough to overcome a 4% churn of the SOI within 4 weeks. Its just simple math, even a very small amount of selling has overcome an even smaller amount of buying. But the fact remains that 95% + of the shares are sticking and slowly moving to the higher quartiles over time.

It will be very interesting to see the next Quarterly as i think that will give us a very clear line in the sand since the update and we will see how many holders have cut and run, and from which quartile.

Its crazy to think just 4% SOI has dropped the SP 48% in 4 weeks!

Last 4 quarters broken down below.

Sept 30th 2022
7495 owned 9.35%
1429 owned 27.91%
244 owned 62.74% > T20 33.68% of this > BG was 1.15% of this





Dec 31st 2022
7392 owned 9.29%
1421 owned 28.04%
244 owned 62.67% > T20 33.68% of this > BG was 0.65% of this




March 31st 2023
7198 owned 8.91%
1423 owned 27.7%
254 owned 63.39% > T20 33.24% of this > BG gone.



June 31st 2023
6980 owned 8.5%
1425 hold 27.36%
249 hold 64.14% > T20 33.75% of this)


Last 4 weeks trading - 4.05% of SOI