As a long term holder of UNI - I was initially quite concerned at the unexpected capital raising announced earlier today (especially the extent of the dilution and the depth of discount).
Nevertheless, after further consideration, I am very pleased with the move - albeit unexpected.
With a $305m market cap, Unilife is now a "mid-tier" ASX listed company. We as shareholders need to be a little bit more strategic and long-term in our thinking.
Unilife is clearly fast-tracking its development by probably 6 months. Why?
1. World-leading product 2. Recent roadshow with plenty of institutional interest 3. Massively growing market 4. Growing management team 5. Urgency surrounding healthcare reform worldwide
At the end of the day UNI will get to the $3.00 price target in 12-16 months - just needed this catalyst to starting building our future.
Well done to Alan and the management team
Unilife is on the verge of something very special.
UNI Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
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