Skin in the game is big for me with regard to 'Management risk' when doing DD for a company, so this drove me insane. I was of the impression RAC insiders held a lot more, so did some digging. Rather than change, I did more of a snapshot as per Annual Report which I'm more than sure @wombat777 has illustrated much better previously, but felt as though I'd cracked the DaVinci code when I'd finished. Look at the % of diluted share rights insiders at RAC have... exactly 20%. Diluted SOI calculated via options disclosed in annual report (performance etc) + the $4.5 options we all have.
Either someone has OCD or the magic 20% is a TO defence of sorts. Would be interested to hear if anyone had any M&@ insights on this.
Haven't posted for a long while but couldn't not have more conviction holding... RAC's progression fundamentally really makes you look to blue skies...
Skin in the game is big for me with regard to 'Management risk'...
Add RAC (ASX) to my watchlist
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Last
$1.57 |
Change
-0.080(4.85%) |
Mkt cap ! $259.5M | |||
| Open | High | Low | Value | Volume |
| $1.71 | $1.71 | $1.54 | $338.3K | 211.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 700 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 600 | 1 |
View Market Depth
| Last trade - 15.02pm 15/05/2024 (20 minute delay) ? |
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Last
$1.57 |
Change
-0.080 ( 6.97 %) |
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| Open | High | Low | Volume | ||
| $1.62 | $1.65 | $1.54 | 40611 | ||
| Last updated 15.08pm 15/05/2024 ? | |||||
| RAC (ASX) Chart |