Yes, if a formerly patient sub holder suddenly becomes impatient, the SP will be trashed when they dump. That's an opportunity for anyone having a contrary FA view.
Re RAC trading after the Sheba results, IMO some degree of profit taking when the SP has already 8-bagged is a rational portfolio adjustment response, and can't be described as impatience.
My main point is that minimising dilution depends 100% on setting the highest achievable raising price. It doesn't matter who initially takes up the new issue; the shares issued will find their way into more stable hands, even if many or even most investors are impatient.
RAC - Charts & Price Action, page-325
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Last
$1.41 |
Change
0.095(7.22%) |
Mkt cap ! $234.3M | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.41 | $1.32 | $249.8K | 182.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2826 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 40000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$1.37 |
Change
0.095 ( 6.64 %) |
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| Open | High | Low | Volume | ||
| $1.34 | $1.41 | $1.32 | 16145 | ||
| Last updated 15.53pm 10/05/2024 ? | |||||
| RAC (ASX) Chart |