I won't speak for Wombat, but I will suggest that you review his analysis on other RAC threads; the information has been out there for a while that under the new 5 path strategy this company is a good probability of being worth well north of a billion - seems to me it takes that market time to adjust to that. We've all been told "if it seems to good to be true ..." and as we've seen in this thread today it's hard for people to adjust their price point as the share price ratchets up even though you're buying future value at cents in the dollar. IMHO there doesn't need to be news for this to keep gaining but when we get good news you'll have to strap in
RAC Charts, page-714
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Last
$1.74 |
Change
-0.090(4.92%) |
Mkt cap ! $299.8M | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.82 | $1.74 | $109.9K | 62.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1680 | $1.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.75 | 100 | 1 |
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| Last trade - 12.55pm 22/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |