Here's another angle or lens to look through. Why didn't he get a loan for a $mil ? Interest rates are the lowest they've ever been.
1 million at 2% interest pa = $20k
RAC traded as high as $3.77 the day he started selling. In the backroom deal he sold his shares at $3.25 quite a discount. His overall holding went down 4 million dollars plus.
And he's our deal maker.
Ann: Appendix 3Y - Dr John Cullity, page-123
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Last
$1.45 |
Change
-0.005(0.34%) |
Mkt cap ! $242.5M | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.50 | $1.43 | $62.91K | 43.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5700 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 591 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.46 |
Change
-0.005 ( 0.23 %) |
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| Open | High | Low | Volume | ||
| $1.44 | $1.49 | $1.43 | 9034 | ||
| Last updated 13.08pm 24/05/2024 ? | |||||
| RAC (ASX) Chart |