I know some on here don't worry about MC/EV as much as I do, however thought I would share anyway.
Current MC for RAC at the current SP of $3.10 is $445.3m.
The MC at the ATH SP of $4.23 was $585.5m.
There have been shares issued between these two points in time.
The drop in SP has been 26.7%, however the drop in MC has only been 23.9%.
As a percentage the drop overall isn't that great for a spec company, however for anyone that has a decent holding from getting in early this can equate to a large dollar figure (and possibly why some are arguing FA on a TA thread??).
I thought I'd just share to try put into perspective that based on MC it's not that bad.
General Comments / Chat, page-3529
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$1.57 |
Change
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Mkt cap ! $267.5M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3531 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 120 | 1 |
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