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
$2.02 |
Change
0.270(15.4%) |
Mkt cap ! $350.7M | |||
| Open | High | Low | Value | Volume |
| $1.87 | $2.08 | $1.86 | $1.234M | 628.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4112 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.96 | 5913 | 1 |
View Market Depth
| Last trade - 15.59pm 18/06/2024 (20 minute delay) ? |
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Last
$2.02 |
Change
0.270 ( 16.2 %) |
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| Open | High | Low | Volume | ||
| $1.86 | $2.08 | $1.86 | 50369 | ||
| Last updated 15.59pm 18/06/2024 ? | |||||
| RAC (ASX) Chart |