Have been thinking a great deal today fellas, Alan has certainly played both markets very strategic - and here is why?
The FY in Australia is from July the 1st to June the 30th - thus just over 20 days for a common investor to off-set losses with gains. To some degree has protected from our market any major off-sets.
The FY in the US is from the 1st of October to the 30th of September - thus the announcement will certainly (plus others one would assume) take the SP to at least $6USD; theoretically taking care of the majority of short positions and also any potential losses of UNIS to be off-set against gains.
It is quite ingenious really!!
NL
UNS Price at posting:
64.0¢ Sentiment: ST Buy Disclosure: Held