Here's another angle or lens to look through. Why didn't he get a loan for a $mil ? Interest rates are the lowest they've ever been.
1 million at 2% interest pa = $20k
RAC traded as high as $3.77 the day he started selling. In the backroom deal he sold his shares at $3.25 quite a discount. His overall holding went down 4 million dollars plus.
And he's our deal maker.
Ann: Appendix 3Y - Dr John Cullity, page-123
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Last
$1.81 |
Change
-0.010(0.55%) |
Mkt cap ! $307.3M | |||
| Open | High | Low | Value | Volume |
| $1.83 | $1.84 | $1.78 | $271.2K | 150.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 349 | 1 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| RAC (ASX) Chart |