Where are the chart experts ? Any idea where is the support for UUUU in short or long term ?
What is the conversion value ? = 0.026*4.91 = 12.76 USD or 19.63 AUD (@ 65 AUD/USD rate) plus dividend of 6.5c AUD so total = 0.2613. This changes every day depending upon UUUU closing price & Forex movement.
Now, anyone buying above 19.63c now is basically going to get their own cash back as a dividend (taxable depending upon your tax situation).
Now, obviously last night UUUU price is reflection of sudden market meltdown and how long it stays like that is unknown and if you are lucky charm and if UUUU stock price rockets then it's different story !
Good luck to those who bought 478770 BSE shares yesterday at 27.5c and well done to the smarty pant that sold those shares !
BSE Price at posting:
27.5¢ Sentiment: None Disclosure: Not Held