RAC

0.97%

$1.54 race oncology ltd

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21/11/21

21:48

Post #: 57738191
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Originally posted by KingBuzzo: ↑

You're right that PNV has copped it this year, and BD1 has certainly suffered since the blow off top in February, but I think it's disingenuous to compare those stock performances to RAC.

If we compare to the price 12 months ago:
PNV closed at a yearly low of $1.445, down 65% from it's high ($4.08) for the year and down approximately 50% in the last year.
BD1 closed at $112.5, down 80% from its high ($5.60) for the year, but at least is up 72% in the last year.
RAC, in contrast, closed at $3.38, down 20% from its high ($4.23) for the year and up 140% in the last year.

I get that people have grown frustrated by the long consolidation we're going through but all evidence that I can see points to it being just that. Far from being punished, to me RAC just looks like it's just working off the large gains we've seen in the past 2+ years and coiling like a spring ready to (hopefully) catch up with the fundamentals as real world, positive (we hope), data starts to build over the coming months.

For anyone wanting to get stuck into management regarding the RAC share price, step back and take a look at the big picture:
19 November 2019 Close - $0.135
19 November 2020 Close - $1.40
19 November 2021 Close - $3.38

Of course, everyone thinks all their stocks are undervalued and should be higher, but I'd be very happy if every share I owned in that time performed as well as Race has. Disclosure: not one has.

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yea i wish i got in at $0.135. Hell, i wish i got in at $1.40. But I'm still glad i got in at $2.45!
RAC Price at posting: $3.38 Sentiment: Buy Disclosure: Held
20 Upvote

0 Great analysis

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(20min delay)
Last $1.54		Change -0.015(0.97%)		Mkt cap ! $261.5M

Open	High	Low	Value	Volume
$1.55	$1.55	$1.50	$111.4K	73.35K

Buyers (Bids)

No.	Vol.	Price($)
1	500	$1.53

Sellers (Offers)

Price($)	Vol.	No.
$1.56	1400	1

View Market Depth

No.	Vol.	Price($)
1	500	1.525
1	828	1.505
2	4000	1.490
1	38500	1.480
3	22244	1.450

Price($)	Vol.	No.
1.555	1400	1
1.640	1000	1
1.650	14314	2
1.690	585	1
1.745	12000	1

Last trade - 16.10pm 02/08/2024 (20 minute delay)

RAC (ASX) Chart

MoF Newsletters, page-109

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Is oil undervalued?

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

MoF Newsletters, page-109

Top Stories

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Is oil undervalued?

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News