Today uplift courtesy of the item in todays' Fin with Morrison...

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DollarManWon

330 Posts.

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17/03/22

10:55

Post #: 60245536
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Originally posted by Trader088: ↑

For sure i agree games/manipulation happen. Just not to the extent everyone assumes/thinks. And only mentions when things go against them.
at $4.64 that was a rich valuation considering:
1. Rising inflation and thus interest rate environment which will contract multiples (yet we were hitting all time highs into this headwind)
2. Effect of fewer completions due to lock downs
3. Law of big numbers - the business is so much bigger its harder to grow as fast and more can go wrong
4. Russian build up on Ukranian border.

So it was priced to perfection with all that in the background - its hardly manipulation to see it ease of to $3.50-$4. I would say our plunge to $3 was more geopolitical headwinds and having been such a strong performer over a long period of time there were plenty of ppl to take profits. I have been holding since ~50c for example (didnt sell any).

So yes manipulation happens. But really the move in this was buoyed by good conditions end of last yr/santa rally and takeover spec - came down due to slight miss on results/rising rates/geopolitics. That accounts for 80% of the movement in my view.

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Today uplift courtesy of the item in todays' Fin with Morrison person quoted as saying the industry is important, and inference then, they are a keen observer with interest to convert. But still plenty of time I'd suggest yet as they are looking at the books until end of April.

UWL Price at posting: $4.12 Sentiment: Hold Disclosure: Not Held
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Today uplift courtesy of the item in todays' Fin with Morrison...

Top Stories

TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit

Magmatic defines 6km copper trend with grades of up to 6.5% at NSW prospect

Lincoln repositions Kookaburra for low-cost graphite delivery

Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla

White Cliff wraps up Canadian fieldwork programs – 'visually confirming' a slew of minerals

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