While we can never know the answer to what the SP would be in the absence of the buy back, the normal result of any buy back is a higher SP compared to the no buy back alternative.
Only 1/4 of the excess funds at the time were used in the buy back. The Race board has determined that they think it is better to retain the funds for some other activity(s) now. Given there is a strategic review underway this is probably wise.
Everyone is entitled to their opinion on the buy back, but like the SPP it was a reflection of what made Race special. Love or hate Race, it couldn’t be accused of following the herd.
While we can never know the answer to what the SP would be in...
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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 |