One trading day to go - and a most unusual situation.
Updater represents compelling value now at just over $1 on ASX with US investors set to value it at more than 2x as much, and a share buy back promised at the expected $US1 billon US private valuation.
We’ll have to wait a little while to see the results of the US investment process, but it should be well worth it to double or more than double money from here in a few months.
Clearly most ASX investors don’t believe the story and/or want liquidity now, but some savvy ones in the know like Lowy and Ryder been buying up against the flow out, accordingly their Substabtial Shareholder Notices lodged. It’s a big Buy in my opinion.
Watch this space
UPD Price at posting:
$1.04 Sentiment: Buy Disclosure: Held
