Maybe BG’s broker is walking the price up so they can dump the lot into the buyback at a higher price? Take a breather the last two weeks of the financial year when tax loss selling might be expected and sell into the potential bump on the other side?
Note - I don’t believe in the conspiracy theories that bill is trying to f$&k RAC. Maybe he just decided to sell at at a rate that doesn’t materially impact the share price (we’ve been smacked recently in similar proportions to peers which don’t have a BG), Maybe he just prefers to take market price over time because he is/was actually bullish on RAC’s prospects... i.e. rather than sell out in one hit at $x when he started, he thought the return might be better by selling out over time?
RAC - Charts & Price Action, page-12653
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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
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| RAC (ASX) Chart |