I'm struggling to understand why a foreign company now thinks that buying out a business that holds zero monopoly product is a clever idea.
The revenue which can reach a critical point, and the net margins which won't expand is already set.
Bringing foreign pension monies which is parked in USD and then buying a company in AUD when we know that rates are poised to go up by 200 basis points minimum. FX differentials will make it harder to even realize a profit.
That article from AFR was so desperate to report, a corporate politics which could have been perpetuated by any party, to lift the valuation temporarily, so whatever reason it is, it is disgusting journalism. The fact that they can report something like price is vomit-worthy news article. This is influencing the market or market cornering.
Uniti will be shorted heavily now as soon as the market opens. The only case where s.p. in Uniti wouldn't drop is that they have found a dumb buyer who's desperate for some deal to earn his management fee. The valuation of Uniti is crazy.
UWL Price at posting:
$3.69 Sentiment: None Disclosure: Not Held
