A famed Indian investor uses the SMiLe acronym to define his investing approach. This he says stands for companies that are:
Small in size
Medium in experience, and
Large in ambition
This is how I select my investments and Race definitely fits the bill. With our current MC size and revenues, we are currently small but the future is big.
Per the video JC has experience with M&A and doing even $7Bn deal and this we can consider is Medium compared to the Large ambition of us wanting and having the potential for a $70Bn transaction!
Some companies are small in size but don’t have the mgmt drive and experience to take the company to the next level. However at Race I think we are lucky to have the alignment to this formula and a SH friendly mgmt so we can expect some real magic to happen.
A famed Indian investor uses the SMiLe acronym to define his...
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Last
$1.31 |
Change
0.020(1.55%) |
Mkt cap ! $217.2M | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.31 | $1.26 | $71.25K | 55.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 5950 | 3 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.31 |
Change
0.020 ( 2.18 %) |
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| Open | High | Low | Volume | ||
| $1.30 | $1.31 | $1.26 | 10789 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| RAC (ASX) Chart |