1) traders selling out for short term profits. Understandable , especially if they bought in a while ago at 30-40c.
2) No san announcement as yet . Until this happens , traders /investors will remain nervous but when it does i suspect a bounce will occur , how substantial who knows..
3)85c institutional holders selling out to book some profit.
4)As someone else mentioned, less apparent risk being taken as larger cap stocks are being focused on.
Conclusion is that at these current prices, UNS seems to be good value as long as they complete expected events down the track.
time will tell but interesting times for all UNS holders indeed ...
UNS Price at posting:
95.0¢ Sentiment: LT Buy Disclosure: Held