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$1.30 race oncology ltd

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

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davo47

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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
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(20min delay)
Last $1.30		Change -0.010(0.76%)		Mkt cap ! $215.6M

Open	High	Low	Value	Volume
$1.30	$1.31	$1.23	$212.1K	166.3K

Buyers (Bids)

No.	Vol.	Price($)
2	5201	$1.25

Sellers (Offers)

Price($)	Vol.	No.
$1.30	9799	2

View Market Depth

No.	Vol.	Price($)
2	5201	1.250
1	3900	1.235
3	91940	1.230
1	3500	1.225
1	2000	1.220

Price($)	Vol.	No.
1.300	9799	2
1.310	14980	2
1.320	1000	1
1.350	1824	1
1.390	10179	2

Last trade - 16.10pm 29/04/2024 (20 minute delay)


Last $1.28			Change -0.010 ( 1.17 %)
Open	High		Low	Volume
$1.30	$1.31		$1.23	17594
Last updated 15.52pm 29/04/2024 ?

RAC (ASX) Chart