Yeah, look, I get RAC wants to give existing shareholders outsized returns.
But $3 is far too low. Of course it’ll be oversubscribed and people will only get a fraction of what they apply for. But this serious downward momentum will restrict RAC’s chances of reaching $4.5 which was seriously in contention.
Should’ve let the chart run. The SPP could’ve been done at $4 and still been oversubscribed.
Ann: Trading Halt, page-69
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Last
$1.94 |
Change
0.055(2.92%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.96 | $1.85 | $333.0K | 174.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3105 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 7574 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |