Special Edition each MONDAY only.
(118 trading days to Xmas 2022)
1) Estimate Max Buyback shareprice by
Xmas 2022:
Average increase per day 242 c - 170 c ÷ 13 trading days = 5.54 c
DISCOUNT -50% of 5.54 c
= 2.77 c X 118 trading days = $3.27
Estimate Max Buyback price by Xmas is
= $1.70 + $3.27 = $4.97
2) Estimate Shareprice by Xmas 2022:
Average increase per day 240 c - 166 c ÷ 12 trading days = 6.16 c
DISCOUNT -50% of 6.16 c
= 3.08 c X 118 trading days = $3.63
Estimate Shareprice by Xmas is
= $1.66 + $3.63 = $5.29
**********************************************
RAC buyback Monday 11/7 (13th day)
5 days vwap (4/7- 8/7) is $2.308
Monday ===> RAC can buy on the market upto $2.308 + 5% = $2.423 per share.
Max buyback Monday is $2.423
increased + 2 % from last Friday ($2.373).
Monday max buyback increased +42 %
From 1st Day (23/6) = $1.705
To13th Day (11/7) = $2.423
Since Buyback started(12 trading days) Shareprice increased +45%
From 22/6 = $1.66
To 8/7 = $2.40
Monday if buyback happens ===>
possible price range: $2.308 - $2.423
Note: - Rough Estimate BG shares less than 2.7m(Sourced from Wombat 2.9m at 22/6).
RAC - Charts & Price Action, page-13023
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Last
$1.55 |
Change
-0.070(4.32%) |
Mkt cap ! $264.0M | |||
| Open | High | Low | Value | Volume |
| $1.62 | $1.65 | $1.54 | $145.6K | 91.60K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5700 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 296 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |