Brilliant move acquiring an effective interest in almost 20% of Opticomm. It’s basically a blocking stake implying that with the revised offer and synergies that they will get, the likelihood of this closing in UWL’s favour has increased significantly. Uncertainty has gone and the present SP adjusts upwards accordingly.
This is playing out exactly as expected and well done to those that saw the opportunity to accumulate recently. While we will pay a bit more this is a positive development and the future remains bright.
UWL Price at posting:
$1.40 Sentiment: None Disclosure: Held