I emailed the company yesterday seeking an explanation into the performance of the SP and received a reply from Brendan this afternoon.
Few key points I'll summarise.
- The SP performance to date has nothing to do with the company other than the overhang in their IPO book that they were not aware of at the time. (IPO investors holding out to be fundamental when in reality they were flippers). This turned the momentum of a highly oversubscribed and positive IPO in the other direction. (This confirms what I've said all along)
- Has assured that the Board and Executive are diligently working at rectifying the situation, and the fundamentals of the business and industry have actually improved.
- Brendan is giving a presentation at the Wholesale Investor conference on Friday with accompanying ASX lodgement of the document. (This should hopefully deliver some new buyer interest)
Event Details
13:25 – 13:35: UUV Aquabotix Ltd (ASX: UUV) – UUV AQUABOTIX LTD (ASX: UUV) – Speaker: Brendan Martin
Date Friday 08 September 2017 1 Time 09:00 – 15:00 2 Registration 9am 3 Venue Bloomberg Offices, Level 27, 1 Bligh Street, Sydney, NSW, 2000, Australia 4 Cost This is a free event for investors, stockbrokers and fund managers
https://wholesaleinvestor.com.au/event/sydney-emerging-company-capital-expo-september2017/
IPO - UUV Aquabotix Ltd, page-354
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Last
1.3¢ |
Change
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Mkt cap ! $12.33M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $11.86K | 909.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 1749431 | 2 |
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