It is a very good question and one I hope every investor has asked themselves.
Personally, RAC is my most confident speculative bet and I have added to it the more confidence it has generated over time.
I have some sell signals that I have identified for myself - but none of them are related to the SP.
The rationality is this is all or nothing for me as the risk/reward for any of the 3 pillars is outstanding. I have confidence in management, the 3 pillar strategy and historical results that give a good indicators of success.
Even if FTO somehow doesn't work out, I am still confident at least AML (less so on breast - haven't done enough research into this tho) will achieve buyout at multiples of the current SP.
Could all go to zero, and yet a potential buyout offer (even a lowball/failed offer) could also come at any time which would shoot the SP through the roof..
I don't know of any stock on ASX with the (de)risk/reward that RAC offers and because of that I'll hold until the end.
RAC - Charts & Price Action, page-7232
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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 |