When they came on board they were touted as long term investors, then when they scooped up PM options/shares it was touted as stopping the shares getting sold on market.
All a great strategy in theory and looked bomb proof at the time, but it only lasted months before they started selling, yes we can guess the reasons why the selling, because of the Race share price increase and Race being too over represented in their portfolio.
But give it a spell now when the SP has been kicked in the guts, stop putting the boots in when we are wounded.
RAC - Charts & Price Action, page-5189
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Last
$1.94 |
Change
0.055(2.92%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.96 | $1.85 | $333.0K | 174.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3105 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 7574 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |