How is any answer that Daniel gives to this question not going to be price sensitive? I actually think it's unfair to be asking these kind of questions of him because there's no way he can give any kind of reasonable answer to it that doesn't compromise him in some way.
Daniel may be as frustrated by the current share price as a lot of other people seem to be, but one of the unfortunate (or fortunate, depending on your perspective) realities of investing in a public company is that the share price on any particular day is something that is almost completely out of the control of any one individual.
Anyone seeking the sugar hit of a quick rise in the share price sooner rather than later may be interested to read up on the psychology of hyperbolic discounting. Essentially we're all wired to want this, even with the potential that we know exists of a much larger reward at some point in the future. It also provides at least one reason why there are seemingly many people that are happy to part with their Race shares at this level rather than waiting for that potential reward. This may not ease your anxiety but it may help to understand some of it.
What we should be asking is that Race management focus on doing they job they are employed to do as best as they can. Markets are very good at arbitraging, so if they can continue to create the value within the company, it most likely will be reflected in the share price at some point. How or when it gets there though is anyone's guess.
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Last
$1.65 |
Change
0.085(5.45%) |
Mkt cap ! $272.6M |
Open | High | Low | Value | Volume |
$1.57 | $1.65 | $1.57 | $222.2K | 138.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2961 | $1.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.65 | 5468 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3487 | 1.620 |
1 | 1000 | 1.615 |
1 | 950 | 1.610 |
2 | 8292 | 1.605 |
2 | 9400 | 1.600 |
Price($) | Vol. | No. |
---|---|---|
1.630 | 13023 | 2 |
1.635 | 924 | 2 |
1.640 | 5052 | 1 |
1.645 | 10000 | 1 |
1.650 | 9371 | 4 |
Last trade - 12.49pm 26/08/2024 (20 minute delay) ? |
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RAC (ASX) Chart |