The hand brakes are off the RAC sp:
- end of selling by some to fund there bonus options, reducing sell supply
- sophisticated investors and insto’s who have approached Race to underwrite a portion of any shortfall of bonus option conversion will likely receive little or none. They will need to get off sideline and buy on market increasing buy demand
- funding secured till at least 2029 (with piggies in the money) giving confidence to market that no more surprise cap raises for medium term
- new positive news to come out after capital raise is done … tends to happen regularly. Remember what happened after the IMU placement and SPP in Sept 2023. Also happened with CU6 capital raise earlier this year. IMU and CU6 gained 100% to 200% within 6-7 weeks of their respective cap raises being completed.
- increased investor out reach and marketing. First being the Sharewise webinar on 5 June, one day after completion of bonus options fund raising.
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Last
$1.83 |
Change
-0.030(1.61%) |
Mkt cap ! $311.7M |
Open | High | Low | Value | Volume |
$1.86 | $1.91 | $1.79 | $169.3K | 92.02K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 92 | $1.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.87 | 3472 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 92 | 1.830 |
1 | 5300 | 1.810 |
1 | 8722 | 1.800 |
1 | 1059 | 1.790 |
4 | 10695 | 1.750 |
Price($) | Vol. | No. |
---|---|---|
1.865 | 3472 | 1 |
1.880 | 2500 | 1 |
1.905 | 3000 | 1 |
1.940 | 5148 | 2 |
1.945 | 3014 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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RAC (ASX) Chart |