As we know with most CR/SPP the SP usually falls down to the raised price.
This is the risk that RAC will carry... As we get closer to the 6 mth expiry, the SP may drop down to 75c or below, and then holders will not execute.
What we need to see happen, is SP get's pumped to over $1.00 and holders execute straight away to get money into coffers. Otherwise, if people wait to see the SP much higher to get better bang for buck (options conversion), then the SP may actually struggle and RAC don't get the first option conversion or the piggybank ones.
As we know with most CR/SPP the SP usually falls down to the...
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Last
$1.61 |
Change
-0.055(3.31%) |
Mkt cap ! $273.4M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.68 | $1.61 | $271.5K | 166.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1996 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 1305 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |