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.
JDP I reckon you're pretty on the ball with most things, but one...
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Last
$1.87 |
Change
-0.155(7.67%) |
Mkt cap ! $317.5M | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.08 | $1.86 | $706.9K | 357.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2637 | $1.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 577 | 1 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| RAC (ASX) Chart |