I just can't see the logical strategic bullish case on this news.
Unless there is some sort of assumption around a TO date, hence the CGT avoidance strategy.
Other than a marital/partnership situation where the options value is best realised early (and cheaper) for separation settlement.
Ann: Application for quotation of securities - RAC, page-40
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Last
$1.40 |
Change
-0.055(3.79%) |
Mkt cap ! $237.8M | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.45 | $1.33 | $213.7K | 155.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 7167 | 1 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |