The fact of the matter is DCB is out there pumping the stock in the face of 1) significant macro headwinds which are affecting most biotechs 2) Dr T departure/RAC board changes which have undermined some investors confidence 3) tax loss selling season and 4) in the absence of any recent new data/announcements to base his pumping on.The market is punishing RAC in this environment. Nothing will change without a change to some or all of those things, particularly point 4 in my view.
Success begets success, and RAC have not tabled a lot recently and lost momentum. Without new evidence, his meetings and tweets are just noise at this point in time in my view. I know that sounds harsh, and he needs to start somewhere, but without evidence I can't see us getting any traction.
I hope JabraD on the chart thread is wrong. I really want RAC to succeed, but the further the SP slides the further we have to climb back up (unless it is a straight out buyout).
Cheers
kk
PS Bring back the buyback
General Comments / Chat, page-7788
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Last
$1.53 |
Change
-0.060(3.79%) |
Mkt cap ! $259.9M |
Open | High | Low | Value | Volume |
$1.54 | $1.56 | $1.53 | $130.2K | 84.73K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4993 | $1.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.58 | 10451 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4993 | 1.525 |
1 | 12381 | 1.520 |
3 | 9872 | 1.510 |
3 | 11327 | 1.505 |
9 | 14363 | 1.500 |
Price($) | Vol. | No. |
---|---|---|
1.580 | 10451 | 1 |
1.595 | 6000 | 1 |
1.600 | 23239 | 1 |
1.630 | 6183 | 1 |
1.650 | 17029 | 2 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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RAC (ASX) Chart |