The investment proposition is different between non-holders and prospective holders.
If I was looking to acquire, for arguments sake, 1 million shares. I wouldn't have bought them at $1 just so I could buy 1/20 at 75c. I would have waited while an ex board member continued to indiscriminately dump their holding and acquire them for >5% cheaper than $1.
Pete seemed like a savvy investor when speaking to him at the AGM - I'm not sure how deep his pockets are. At the end of the day everyone acts in self interest. Except, ironically, an ex-board member. Seems like the only time in RAC history they've not been acting in self interest lol.
RAC - Charts & Price Action, page-18157
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Last
$1.40 |
Change
-0.055(3.79%) |
Mkt cap ! $237.8M | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.45 | $1.33 | $213.7K | 155.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 7167 | 1 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |