To achieve that magic number of ~75% option conversion before expiry, we need an average of roughly 350k conversions each week (excluding Dr T's portion). I'm assuming many shareholders who intend on converting don't currently have the funds to do so and plan on selling shares to cover the cost (I'm in that camp unfortunately). My thoughts are that most in this position would like to sell as little as possible, and hence are waiting until after RAC220 is delivered (due by the end of this month), with the idea being that the SP should* rise after such an announcement. It will be interesting to see how option conversion ramps up in these coming weeks.
Ann: Notification regarding unquoted securities - RAC, page-4
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Last
$1.79 |
Change
-0.075(4.02%) |
Mkt cap ! $304.8M | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.86 | $1.76 | $348.2K | 192.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5612 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 3567 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.78 |
Change
-0.075 ( 5.38 %) |
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| Open | High | Low | Volume | ||
| $1.81 | $1.86 | $1.76 | 27553 | ||
| Last updated 15.55pm 14/06/2024 ? | |||||
| RAC (ASX) Chart |