The investment proposition is different between non-holders and prospective holders.
If I was looking to acquire, for arguments sake, 1 million shares. I wouldn't have bought them at $1 just so I could buy 1/20 at 75c. I would have waited while an ex board member continued to indiscriminately dump their holding and acquire them for >5% cheaper than $1.
Pete seemed like a savvy investor when speaking to him at the AGM - I'm not sure how deep his pockets are. At the end of the day everyone acts in self interest. Except, ironically, an ex-board member. Seems like the only time in RAC history they've not been acting in self interest lol.
RAC - Charts & Price Action, page-18175
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Last
$1.55 |
Change
-0.015(0.96%) |
Mkt cap ! $257.8M | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.59 | $1.51 | $189.1K | 121.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 999 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$1.52 |
Change
-0.015 ( 2.88 %) |
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| Open | High | Low | Volume | ||
| $1.55 | $1.58 | $1.51 | 7772 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| RAC (ASX) Chart |