1) @tak1, there's an old saying - you can't make an omelette without breaking a few eggs.
2) Check out this post: https://hotcopper.com.au/posts/74284856/single - it completely refutes your argument that Dr T. crashed the share price. After he left, RAC performed pretty much identically inline with IMU and likely many others in the sector. And IMU actually outperformed RAC for a few months once Dr T. was back on board. Put it another way - if Dr T's departure was responsible for "crashing" RAC's share price as you say, what was responsible for crashing IMU's share price during that time? And what has changed at IMU since then to improve performance? Looking at the two share prices now I'd say the answer is not much!
3) In addition to what @mcmurraj said, the majority of Dr T.'s spend was exercising his $0.75 options, however as I understand it he was also buying on-market in April/May when the share price was in the $1.20-$1.60 range. Wouldn't you guys love to have some insiders buying IMU shares on market - instead of selling them?
4) Lastly, @Davisite publicly committed to exercising his $0.75 options regardless of the share price at June 6 back in December when the share price was around the $0.70-0.80 mark. Subsequent to that commitment the price went as low as $0.64, so it was by no means a meaningless commitment. Just out of interest, have any IMU management publicly committed to exercising IMUOD's (now valued at a $0.00 - 100% loss of capital for holders) or IMUOE's?
If you want to try and talk down Dr T's value or commitment to RAC, you're going to have to try harder.
- Forums
- ASX - By Stock
- RAC
- Industry news
Industry news, page-1782
-
- There are more pages in this discussion • 279 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RAC (ASX) to my watchlist
|
|||||
Last
$1.56 |
Change
0.010(0.65%) |
Mkt cap ! $265.8M |
Open | High | Low | Value | Volume |
$1.55 | $1.56 | $1.51 | $95.69K | 62.25K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3015 | $1.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.56 | 4018 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3015 | 1.550 |
2 | 17973 | 1.530 |
1 | 19190 | 1.525 |
1 | 20000 | 1.520 |
1 | 500 | 1.500 |
Price($) | Vol. | No. |
---|---|---|
1.560 | 4018 | 1 |
1.570 | 4602 | 2 |
1.580 | 15715 | 3 |
1.600 | 2319 | 1 |
1.645 | 10000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
RAC (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online