Hi Bisi,
That might be a reasonable goal post - but the numbers are off.
A market cap of $467m and current shares on issue of around 116m gives you a SP of ~$4.
I also run my calcs including all options as a base case (consider also potential dilution). which gives you a SP of ~$3.
Note the SOI above is approximate only and does not reflect the true number.
In saying that - I am liking the trajectory we are on - riding the top of the bollinger. My end of year target of $1.30 might have been super conservative. I hope the rest of my numbers are too!
RAC Charts, page-1637
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Last
$1.23 |
Change
-0.005(0.40%) |
Mkt cap ! $204.3M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.25 | $1.21 | $120.5K | 97.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 991 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 2409 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$1.24 |
Change
-0.005 ( 0.40 %) |
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| Open | High | Low | Volume | ||
| $1.24 | $1.25 | $1.21 | 17303 | ||
| Last updated 15.51pm 02/05/2024 ? | |||||
| RAC (ASX) Chart |