Well who knows how much more he intends to buy if he was keeping his $600k in the bank just to save $18,000 and buy $18,000 worth of shares he was better of buying the shares when it was at $.70c he would of more than doubled the $18,000 already and have an extra 25,000 shares instead of buying much higher than it is now so he would also have more than doubled his shares and the $600,000 will be sitting in the RAC account now.
But that's how it goes I guess sometimes you just don't know when people will start buying in and rising the SP as it did last month or so.
I definitely would be doing the same if I was DR T as it is a very large amount and it's not like he doesn't hold a truck load,
but it would still of been a good decision at the end of the day if he converted early too.
Ann: Application for quotation of securities - RAC, page-19
Add RAC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.55 |
Change
-0.015(0.96%) |
Mkt cap ! $257.8M | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.59 | $1.51 | $189.1K | 121.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 999 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.52 |
Change
-0.015 ( 2.88 %) |
||||
| Open | High | Low | Volume | ||
| $1.55 | $1.58 | $1.51 | 7772 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| RAC (ASX) Chart |