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$1.57 race oncology ltd

Ann: Appendix 3Y - Dr Daniel Tillett, page-16

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davo47

948 Posts.

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16/01/23

21:51

Post #: 65722037
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Originally posted by KingBuzzo: ↑

A fact of which I'm sure he is acutely aware, Daniel's holding in RACE is almost totally illiquid. He is probably the only person on the planet who really cannot sell his shares on market without tanking the RAC share price, and by extension the value of his investment.

As the "inside-iest" of all RAC insiders, any sign of Daniel offloading would be met with a rush to the exits from fellow shareholders. Even if it happened at a much higher share-price, people would assume the top was in and he'd probably have trouble substantially reducing his position in volume.

Pretty much the only feasible way for him to realise the full value of his position is through it being acquired.

In such a scenario, what would motivate someone to continue to increase the size of their position and thereby compound the problem they face? Especially when at current prices they are still paying close to 40x their initial buy-in price, with significant expenditure now increasing their overall percentage holding in the company only marginally.

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You get my GA for the best word yet of 2023. Insideiest. Brilliant!

RAC Price at posting: $1.91 Sentiment: Hold Disclosure: Held
25 Upvote

0 Great analysis

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(20min delay)
Last $1.57		Change -0.045(2.80%)		Mkt cap ! $260.3M

Open	High	Low	Value	Volume
$1.60	$1.60	$1.55	$94.33K	60.12K

Buyers (Bids)

No.	Vol.	Price($)
1	1250	$1.57

Sellers (Offers)

Price($)	Vol.	No.
$1.59	5000	1

View Market Depth

No.	Vol.	Price($)
1	1250	1.565
1	6129	1.560
1	424	1.550
2	15170	1.540
1	600	1.530

Price($)	Vol.	No.
1.590	5000	1
1.595	591	1
1.600	13999	1
1.620	1300	1
1.650	18000	2

Last trade - 14.37pm 16/05/2024 (20 minute delay)


Last $1.56			Change -0.045 ( 1.17 %)
Open	High		Low	Volume
$1.58	$1.59		$1.55	8174
Last updated 14.21pm 16/05/2024 ?

RAC (ASX) Chart