UNI 2.02% $5.82 universal store holdings limited

Radish-Can you explain to me how a rising Aussie $ hurts the...

  1. 122 Posts.
    Radish-Can you explain to me how a rising Aussie $ hurts the Aussie shareholder. It seems to me it helps. Most of UNI's expenses are in US$ while much of its capital raising has been in Aussie $. Thus if a portion of the current raise is in Aussie $, and UNI holds those Aussie $, converting only when they have to spend, there is a benefit to Aussie holders.

    As to the long term benefits of UNI shareholders, two months ago UNI's market cap was roughly A$ 66 million, assuming a drop in share price to A$90 cents after the cap raise, the market cap will be roughly A$250 million, sounds like a benefit to all long term holders.

    If UNI uses the funds raised to accelerate their business development, the market cap is likely to grow faster, further benefiting long term holders. Now this of course doesn't benefit short term holders who were hoping to sell out immediately. Would that be you?
 
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Last
$5.82
Change
-0.120(2.02%)
Mkt cap ! $446.5M
Open High Low Value Volume
$5.93 $5.93 $5.82 $194.2K 33.10K

Buyers (Bids)

No. Vol. Price($)
3 381 $5.82
 

Sellers (Offers)

Price($) Vol. No.
$5.90 197 1
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