I don't consider myself hard done by at all. I just made the comment that I don't see an incentive to participate in the SPP with the share price where it is right now. I understand where you are coming from, and I respect your opinion, but an 18% discount to VWAP means nothing when I can buy on-market right now (and likely for the foreseeable future) at the same price.
The SPP is fully underwritten so UCM will get its capital regardless. I am more concerned about my capital than theirs, and as I see it if I choose to top up my holdings it can probably be done cheaper on-market, or I can give myself more time to assess the business's progress and how the acquisition has integrated and buy in at a future date or not at all.
To clarify, I still believe UCM is a good business, and this acquisition is a good one. But personally, I won't be participating in the SPP unless the share price rises over the next couple of weeks .
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.121M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90378 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 92000 | 2 |
View Market Depth
| Last trade - 10.03am 23/07/2025 (20 minute delay) ? |
| UCM (ASX) Chart |
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