Jeepers. This has turned negative.
My personal view is we are seeing some of the wider market uncertainty playing out. This is a spec stock. They get hurt more in these situations Omicron etc. I think RAC has done well to stay at where it has and not fall straight back to the SPP price or thereabouts as often occurs.
There are plenty of shares on the buy side still and whilst these could get pulled, equally off screen buyers could show up if it heads toward SPP price. I sure will lol, and I have applied for my full SPP allocation.
I am also confident we have good news coming. Management have said as much. That will help as a catalyst, as will the need for the bigger end of the town to buy on market if they want in.
We just have to go through a bit of SPP pain here, for long term rewards. Lets be grateful it was not some crappy placement to insto flippers as occurs elsewhere.
RAC - Charts & Price Action, page-9800
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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 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |