It’s looking similar to the WBT SPP in a few ways . They were well over-subscribed last month with SP similarly ahead of the offer price. They allocated on percentage of individual holding. Many of us EFT’d $30k and received a cheque back for $29k , that took ages to receive , deposit in the bank ( cant remember last time i had one ) and then clear .
It would be nice though if the similarity extends in another way ....the WBT SP has doubled in the month since ! Moral is, if you are bullish it’s likely best to invest on market rather than rely on allocation.
UWL Price at posting:
$1.90 Sentiment: Buy Disclosure: Held
