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
$1.78 |
Change
-0.040(2.20%) |
Mkt cap ! $302.5M |
Open | High | Low | Value | Volume |
$1.81 | $1.82 | $1.76 | $132.8K | 74.40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 170 | $1.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.78 | 2 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 170 | 1.765 |
2 | 4000 | 1.755 |
3 | 12714 | 1.750 |
1 | 3000 | 1.740 |
1 | 1405 | 1.720 |
Price($) | Vol. | No. |
---|---|---|
1.775 | 2 | 1 |
1.780 | 3781 | 1 |
1.820 | 2315 | 1 |
1.830 | 7500 | 1 |
1.840 | 1000 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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RAC (ASX) Chart |