$30 with current shares on issue would represent a market cap of approx $5.28b AU ($3.5b US). I don't think RAC gets anywhere close to that number before P2 results without a licensing or partnership deal in place.
Allowing for external companies to process interim P1 results and everything going to plan from RAC's efforts, CY26 H1 could be achievable timeframe for that valuation.
@asx11, this is only what I think and I am a newb when it comes to this sort of business dealings but happy to throw this out there to generate discussion from others.
$30 with current shares on issue would represent a market cap of...
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Last
$2.02 |
Change
0.010(0.50%) |
Mkt cap ! $343.9M | |||
| Open | High | Low | Value | Volume |
| $2.04 | $2.09 | $1.92 | $768.4K | 380.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 484 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.02 | 3251 | 2 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| RAC (ASX) Chart |