JDP I reckon you're pretty on the ball with most things, but one thing I don't get is how you believe there was a near-term sale being planned by JC/DCB etc. Surely if the market had any sniff that a near-term transaction was in the wings, we wouldn't have experienced the collapse in price that we did under DCB's reign... I would in fact have expected a rally instead as people tried to front-run it.
Or do you think there was a concerted push to inflict maximum damage on the share price and then try to flog RAC off for a buck a share? If so, to what end? JC might have been happy with his $8 mill out of this (plus a few million in transaction fees), but I couldn't see enough other shareholders on-board for this to actually get over the line, and JC would surely have known this.
Could you please elaborate on your theory?
PS. I reckon the 12 months would technically be up on the 13th September 2024.
RAC - Charts & Price Action, page-19522
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Last
$1.65 |
Change
-0.095(5.44%) |
Mkt cap ! $281.0M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.78 | $1.62 | $285.9K | 170.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16759 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 12047 | 1 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |