RAC 6.80% $1.89 race oncology ltd

RAC - Charts & Price Action, page-18974

  1. 2,712 Posts.
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    @Davisite

    JC has sold an average of ~25k shares a week since departing. I was surprised to see how few he'd sold given he has received the majority of the blame for the SP decline. Between JC's departure and the end of the prior reporting quarter, JC had sold far less than 10% of his holding, and around 3% of the total volume of shares traded since his departure (end of August - end of December, ~180k avg daily volume - ~5k avg daily impact from JC).

    The scapegoat theory didn't help us for Molloy, Rothman, Chris N, or Garner. Let's not get caught up on that again now.

    The SP has crashed because retail holders are pulling up sticks due the apparent lack of execution by management. I really hope management has carefully considered the strategy to sit on all IP and delay patent lodgements, it's left us wide open for the picking by a vulture fund etc. What's an extra few months of patent runway if we're not given the opportunity to maximise value extraction, anyway?


 
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Last
$1.89
Change
0.120(6.80%)
Mkt cap ! $321.0M
Open High Low Value Volume
$1.78 $1.93 $1.78 $563.4K 302.3K

Buyers (Bids)

No. Vol. Price($)
1 108 $1.88
 

Sellers (Offers)

Price($) Vol. No.
$1.90 4926 1
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Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
RAC (ASX) Chart
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