100% agreed!
Every decision should be judged on the merit at the point it was made. Yes, Race was a buy at 70c (my first purchase), then $1, $2, $3, $3.5 and then as it came back down around $3.25 and when SPP became available at $3 etc. (I have bought a lot more in the last month or so than all the purchases prior to that). At those specific times the SP was justified or below intrinsic value IMO.
I can’t correctly determine Race’s intrinsic value today or it’s sale price or SP in 2-3 years. I only believe that Race is undervalued today based on the numerous derisking Ann’s and activities. In 2-3 years time if the SP is at $20 or we get acquired at $25, it matters little if we paid $2.5 or $3 today.
100% agreed!Every decision should be judged on the merit at the...
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Last
$1.75 |
Change
0.010(0.57%) |
Mkt cap ! $298.0M | |||
| Open | High | Low | Value | Volume |
| $1.73 | $1.83 | $1.73 | $272.0K | 152.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9998 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 2000 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |