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UNS - Unilife Corporation

Discussion in 'Stocks Q-Z' started by Joe Blow, Jan 17, 2010.

  1. Joe Blow

    Joe Blow Administrator

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  2. UBIQUITOUS

    UBIQUITOUS Well-Known Member

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    Thanks Joe.

    Just for the uniformed, Unilife shares will be traded on NASDAQ from February 10. From tomorrow only CDIs (Chess Depository Interests) will be available on the ASX. To all intents it should be business as usual except that CDIs carry no voting rights.

    I will be intrigued to see how the trading goes tomorrow after Friday's 12% rise, keeping in mind that T+3 will not be available for 2 weeks.
     
  3. pacestick

    pacestick Well-Known Member

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    yes I have spent some time trying to work that out possible scenarios are

    1. trading dries up
    3. buyers continue but sellers dry up pushing sp up
    there may be more I cant see why sellers would want to sell and wait when they can wait till the delayed settlement is over and the sp is affected by the nasdaq price
     
  4. UBIQUITOUS

    UBIQUITOUS Well-Known Member

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    Good call Pace.

    I would guess that quite a few traders are squealing right now as they cannot liquidate their UNI shares. Oh well, that's their problem. Go the longs!
     
  5. shallumstuart

    shallumstuart New Member

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    i bought UNI on friday morning, they are still on my etrade as UNI. Will they be changed to UNS automatically upon settlement date?
     
  6. UBIQUITOUS

    UBIQUITOUS Well-Known Member

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    Yes I believe so.

    Very interesting trading today. There has hardly been a single seller that has met a buyer. I still cannot believe why anybody (besides T+3) would have sold on Friday.
     
  7. UBIQUITOUS

    UBIQUITOUS Well-Known Member

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    Well guys, we are now 30% up in 3 days, and with another STRONG open on the cards led by the healthcare boom overnight in the US, UNS' rerating looks set to continue.
     
  8. LeeTV

    LeeTV Well-Known Member

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    We are not far off the high of the $1.38 pre cap raising. Exciting times ahead for holders. Long term hold for me, the fun has just begun.
     
  9. UBIQUITOUS

    UBIQUITOUS Well-Known Member

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    What I have found interesting is that in the last minute of pre-open at 4:09pm, there was a flurry of large 100k+ sell orders which appear and then disappear seconds later. It is so obvious that somebody is trying to lead shareholders to sell in a panic.

    Anyway, non of it really matters as I would hazard a guess that we will be going through the $10USD list target, which equates to $1.67 AUD. I would believe that this healthy volume buying is from the US now that CDIs are available which are interchangeable with NASDAQ stock. In fact to take it one step further, I would guess that these purchases are to be used by a US broker to create a NASDAQ market i.e produce a sell side on the NASDAQ.:2twocents

    Here's to a $1.40 close tomorrow;)
     
  10. UBIQUITOUS

    UBIQUITOUS Well-Known Member

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    Once UNS goes through $1.38, it will have hit a 5 year high (including UNI data). By the look of things this morning, it could happen on open. Indicative open price is $1.35! Then onwards and upwards to the $3.65 August target by Griffin brokers.
     
  11. UBIQUITOUS

    UBIQUITOUS Well-Known Member

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    I had a call this morning from an uncle who I had pointed towards Unilife. He was worried about the US markets falling overnight again.

    I highlighted to him that the OTC on UNIFF closed up at $1.41 AUD. He was bemused by this. I explained it to him as follows:

    "Unlife is a clear strong uptrend technically and fundamentally. As the majority of Unlife's revenue will be in USD, whenever there are jitters on the markets there is a flight to the safety of the USD. Therefore any falls, or less than spectacular gains like last night, in the Unilife's US stock price are negated by some weakening in the AUD. So in effect its a win win situation for UNS CDI holders."

    His response was "Errrr...you sound as though you know what you are talking about"

    In simplistic terms, UNS CDI holders are well hedged against global jitters.
     
  12. fullboost

    fullboost New Member

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    Ub, what's your estimate of the pre-Naz sp? My sence is that once the recent 138 high is breached then there will be some major clammering for positions pre-Naz which will surge it up towards 200. Throw a couple of ann's in to the mix and look out. Uni should have been in the 100's in late 2008 after the SA IA was signed.
     
  13. shallumstuart

    shallumstuart New Member

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    hmm my shares are still listed on etrade as UNI, and also on computershare as UNI. they are just set as status:suspend. Does anyone know of any reason why they wouldn't have been switched over to UNS yet? Reckon I should contact someone about it? I don't really like the fact that the stocks are tied up at the moment.
     
  14. pacestick

    pacestick Well-Known Member

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    The listing as uns is tied to the effective date of the scheme of arraingement which i believe is 29 jan in the meantime it is still possible to trade uns by phone apparently if you want trade uni as uns contact your broker
     
  15. UBIQUITOUS

    UBIQUITOUS Well-Known Member

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    $2 is a good call I reckon FB. The gargantuan nature of the expected news items should ensure this price is met by anticipators who will buy as they will rightly view the news as being 'worth' even more.

    Its a simple risk reward play here. The rewards far outweigh the risks' and with each passing day, upward pressure builds. Its Yankee buying in my opinion which is moving the price up.

    What will be interesting though is how the stock fares if there is a 15% market correction. Even then I would rather be in than out.

    I am looking forward to all of these news items, updated research reports as well as further Bloomberg and CNBC coverage.























    .
     
  16. UBIQUITOUS

    UBIQUITOUS Well-Known Member

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    Up 12% today (at one point 18%). Volumes are decent but not spectacular. With 320m shares on issue, this tells me that many are in for the big ticket news.

    One doesn't start building a 250k+ sq foot production unit, for 1 billion syringes, for no reason. This fact is what moves UNS from spec stock to reality stock.
     
  17. UBIQUITOUS

    UBIQUITOUS Well-Known Member

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    Up almost 16% today, and closed at its highest for 5 year. The way that the buys were coming from offscreen would suggest that the interest will keep on increasing until NASDAQ. I have just revised my Feb10, $2 Nasdaq list price to $2.50 based on an average 10c per day over the last 7 trading days.

    Have a happy Australia day UNS holders. I will be celebrating it for the departure of the UNS fleet from Australia.
     
  18. pacestick

    pacestick Well-Known Member

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    Am estatic after years of being called nuts getting strange looks from freinds and relations they now call me lucky apparently all the research doeasnt count and its just like a lotto ticket i just smile smirk actually cause we have a LOT more coming
     
  19. Jonathan

    Jonathan New Member

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    I noticed that the value of my portfolio has shrunk from over $100,000 in UNI to about $10,000 in UNS. Can someone explain to me why this is good news? I seem to have lost a lot of money in this transition.
     
  20. pacestick

    pacestick Well-Known Member

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    jonathon I would talk to my broker if i was you because that does not make sense. Different brokers are handling the scheme of arraingement in slightly different ways comsec has UNI suspended is taking phone trades in uns but is not as yet showing uns in my portfolio makes the whole portfolio look ugly however it will adjust either when the scheme of araingement comes into effect on 29 january or when the nasdaq listing occurs I am not sure which
     
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