The other 85% of "organic" selling volume is coming from remaining shareholders who control 99.6% of SOI. BG's (ever-decreasing) current 0.4% of SOI holding is continuously selling the other 12-15% of daily volume. As I posted the other day, a significant portion of BGs shares are also likely sold into the bid (i.e. pushing down the price) so that Shaws can guarantee the volume gets sold. And the more others buy, the more of BGs shares get sold, the more others sell, the more of BGs shares get sold.
Selling will not dry up when BGs shares are all sold, however there's no doubt in my mind that the nature of how RAC trades will change significantly once that occurs and that daily overhang is no longer present. I can't see any way that it won't be a positive development as far as the share price goes.
- Forums
- ASX - By Stock
- RAC
- RAC - Charts & Price Action
RAC - Charts & Price Action, page-14818
-
- There are more pages in this discussion • 6,703 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
(20min delay)
|
|||||
Last
$1.83 |
Change
0.020(1.11%) |
Mkt cap ! $310.7M |
Open | High | Low | Value | Volume |
$1.81 | $1.83 | $1.79 | $142.0K | 78.77K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $1.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.83 | 641 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 1.810 |
3 | 7009 | 1.790 |
1 | 450 | 1.780 |
1 | 651 | 1.775 |
3 | 17043 | 1.770 |
Price($) | Vol. | No. |
---|---|---|
1.825 | 641 | 1 |
1.830 | 1209 | 2 |
1.835 | 651 | 1 |
1.840 | 4651 | 3 |
1.845 | 2746 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
RAC (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online