the only argument for suggesting the share price is “high” is by looking at the historical price. Not very robust IMO.
read through W777’s valuations and substitute your own assumptions, (or disagree and discount the methodology if you want). Look at Morningstars $3+ valuation (which keeps growing). Go through the checklist on - strong management (tick), historically effective and safe product (tick), profitable market opportunity (tick).... and I don’t think you could conclude anything but this being a highly undervalued share (IMO, DYOR)
I pray for the patience to reap full reward for my investment.
RAC - Charts & Price Action, page-2213
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 (20min delay)
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Last
$1.72 |
Change
0.150(9.55%) |
Mkt cap ! $287.5M | |||
| Open | High | Low | Value | Volume |
| $1.58 | $1.80 | $1.58 | $551.0K | 323.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 660 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 2500 | 1 |
View Market Depth
| Last trade - 14.47pm 06/06/2024 (20 minute delay) ? |
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Last
$1.73 |
Change
0.150 ( 9.91 %) |
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| Open | High | Low | Volume | ||
| $1.60 | $1.80 | $1.58 | 18354 | ||
| Last updated 14.55pm 06/06/2024 ? | |||||
| RAC (ASX) Chart |