i agree matethere is support at $1.75 and around $1.90 a little...

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aussiewebking

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25/01/21

10:39

Post #: 50419715
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Originally posted by SimpleJim: ↑

I get nobody has a crystal ball, but don't know how people can confidently say this is going back to $1.50 because shares 'usually' do go back to their SPP price.
I've seen shares run 20-100% and never return after SPP's where they are for positive reasons and are super heavily oversubscribed.
The SPP came about out of nowhere on positive news. The price was quite discounted and UWL has now broken out to new ATH's which has been a long time coming.
Fair value is probably around $1.80 and with support around the $1.75 level you'd be mad to say it IS going back to the SPP level.
It could well do anything with a bit of selling pressure or broader market correction, but right now everything is pointing to holding the breakout above $1.75 and potentially taking the $2 mark to range trade between $2-$2.20 for a while. Anything above $2.20 and it'll be pushing into overvalued territory and should pull back.

If it does go back to $1.50, great! Everyone should top up. But the odds are it will stay above $1.75 and sooner take the $2 mark than go back to $1.50.

This is financial advice. Don't DYOR. Buy on market at $1.75-1.85 while you can and buy all that you can if we are so fortunate to have a larger correction.

Kidding, all just IMHO.

GLTAH

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i agree mate

there is support at $1.75 and around $1.90 a little bit too

share price already wanted to get north of $1.90 today already... very bullish... not surprising with the 4x oversubscribe of the spp even when they took double the amount of cash....

happy times

i would give it a 1 in 10 or 1 in 20 chance of getting down to the spp price... or not a chance in hell these guys produce so much cash per month they dont know what to do with it.... well unless you think that keeping on buying up businesses around them is a good idea....lol

UWL Price at posting: $1.90 Sentiment: Buy Disclosure: Held
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0 Great analysis

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