There is a great podcast by Acquired called LVMH. It touches a bit of the LBO of these businesses and how cut through individuals and companies were in the acquisition of stock so they could stop any mergers or other potential buyouts.
While I was listening to it, it made me think of Race and how venerable we are of this happening. It would be difficult for them to buy on market, but there are ex directors who are holding that could be bought, then also our Chairman who holds a large number of options who could be persuaded to sell. This is a risk that I am very cautious of and do not want to see happen.
I would encourage anyone who is interested to understand how easily it can happen and some of the tactics that are used (alliances - my enemies enemy is my friend) to take a position in a company.
There is a great podcast by Acquired called LVMH. It touches a...
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Last
$1.22 |
Change
-0.010(0.81%) |
Mkt cap ! $202.7M | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.26 | $1.14 | $381.6K | 320.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 2171 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.17 |
Change
-0.010 ( 5.54 %) |
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| Open | High | Low | Volume | ||
| $1.23 | $1.23 | $1.14 | 48407 | ||
| Last updated 15.52pm 03/05/2024 ? | |||||
| RAC (ASX) Chart |