Keep a level head, doesn't matter what you bought in at. Anchoring price expectations only serves to make our cognitive biases as humans worse.
If a deals a good deal for the current situation, regardless of whether you paid $1, or $0.28 relative to the next bloke across, on the balance of the business of the whole it still serves to be a decent deal.
It isn't the best deal for shareholders, but it does an ok job for both sides. If we can get more, closer to 30I'd be more than glad. But keep in mind what 11cents price we were at not too long ago. Regardless of whether the fair value was $0.30 the market wasn't recognising that. And if the market isn't paying you $0.30 a shaer on market, then your going to get what people were offering. And that was $0.11 not long ago.
The current premium in this short span of time will merely crystalise some funds to allow you to redeploy to another opportunity, if you think of it that way.
If they dropped it and the market went back to 15,16 cents, would you be happy holding on another yr or two to realise 30 cents? When you could take say 25,27cents now , redeploy it, and making use of the excess capital that a deal would lock in?
UNV Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
