Yes, if a formerly patient sub holder suddenly becomes impatient, the SP will be trashed when they dump. That's an opportunity for anyone having a contrary FA view.
Re RAC trading after the Sheba results, IMO some degree of profit taking when the SP has already 8-bagged is a rational portfolio adjustment response, and can't be described as impatience.
My main point is that minimising dilution depends 100% on setting the highest achievable raising price. It doesn't matter who initially takes up the new issue; the shares issued will find their way into more stable hands, even if many or even most investors are impatient.
RAC - Charts & Price Action, page-325
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Last
$1.79 |
Change
-0.075(4.02%) |
Mkt cap ! $304.8M | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.86 | $1.76 | $348.2K | 192.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5612 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 3567 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.78 |
Change
-0.075 ( 5.38 %) |
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| Open | High | Low | Volume | ||
| $1.81 | $1.86 | $1.76 | 27553 | ||
| Last updated 15.55pm 14/06/2024 ? | |||||
| RAC (ASX) Chart |