UNS - Unilife Corporation
- Thread starter Joe Blow
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UNIFF trades tonight, and without a lead from UNS, it will be interesting to see if it ploughs it's own furrow. It closed last night at about $1.66AUD, which is about 11c up on UNS' price. This should tell us for sure who is leading who. Gradually over the remaining 10 trading days until NASDAQ listing, I would expect the US to take more and more of the lead.
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Well well well. UNS is being spanked like a badly behaved child. Serves it right for being spoilt and demanding 10% daily price increases!
Unilife holders who use Commsec as a platform, now have UNS appearing as a part of their portofolios as of today. This has no doubt contributed to panicked profit taking.
There is also another factor in that the algorithmic trading has appeared since yesterday. This is the first time that they have put in an appearance since they went MIA at 95c. Conclusion = Bot trading & profit taking is keeping a lid on the share price. Seeing NASDAQ is 8 trading days away, it fits a perfect strategy of making sure that the price of the company is appealing on Day 1 of NASDAQ.
Unilife holders who use Commsec as a platform, now have UNS appearing as a part of their portofolios as of today. This has no doubt contributed to panicked profit taking.
There is also another factor in that the algorithmic trading has appeared since yesterday. This is the first time that they have put in an appearance since they went MIA at 95c. Conclusion = Bot trading & profit taking is keeping a lid on the share price. Seeing NASDAQ is 8 trading days away, it fits a perfect strategy of making sure that the price of the company is appealing on Day 1 of NASDAQ.
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UNS got slaughtered today for aforementioned reasons. It attributed to a six figure fall in my portfolio value
The plus point is that I have won the stock tipping comp. $75....kerchiingggg
The plus point is that I have won the stock tipping comp. $75....kerchiingggg
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That I am not.
I can't see it going down much further unless we have some bad news. The quarterly is due tonight or Monday, and pressure for NASDAQ is building - only 8 trading days left.
there is only 8 trading days to nasdaq listing. This alone should cause a sp rise to narrow the difference between an expected higher sp on the nasdaq and the one on the asx, however to counter this it is quiite possible that the bot trading which reappeared after australia day will continue. On the positive side the list of agreed drugs from sanofi aventis is due out today read tomorrow for us and europe time .This shou;d free the company to complete negotiations with other pharmas. My conclusion therefore is that even if the robotic tradimng manipulation of the market continues this week it will be smashed in an upward surge between the 9th and 12th of feb
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New Griffin Securities Report (3rd link down):
http://biomedreports.com/research/cat_view/41-stock-research-reports.html
http://biomedreports.com/research/cat_view/41-stock-research-reports.html
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The reduction in the price target from $3.65 (Aug10) to $2.75 (Jan11) is due to the capital raising+stock incentive plan.
However, it is worth noting that the DCF is now stretching to 2015 and shows increased revenue forecasts for each year until 2015.
Note that 2012 and 2014 (150m uniits pa) are now dedicated to Unifill Select in this model. Personally, I cannot see UNS mothballing the other syringes for those two years. I would therefore expect a ramp up in production of another line in each of those years i.e 300m pa production.
Therefore the DCF model is VERY conservative, and not just on this factor. I expect that the true story will emerge as this year progresses.
However, it is worth noting that the DCF is now stretching to 2015 and shows increased revenue forecasts for each year until 2015.
Note that 2012 and 2014 (150m uniits pa) are now dedicated to Unifill Select in this model. Personally, I cannot see UNS mothballing the other syringes for those two years. I would therefore expect a ramp up in production of another line in each of those years i.e 300m pa production.
Therefore the DCF model is VERY conservative, and not just on this factor. I expect that the true story will emerge as this year progresses.
By close uns had recovered most of the ground lost in the earlier market sell off .It finished down 1.5 cents . This strength is probably an indication of an expected increase in sp following nasdaq listing wednesday night. Meanwhile the robotic trader remains active it will be interesting to see if that game stops when nasdaq listing occurs
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Unilife have stated that NASDAQ listing will occur 'around Feb 10'. So that is tomorrow. Trading seems very quiet before such a big event.
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I would expect a MUCH bigger frenzy if tomorrow were to be the last day before Nasdaq. Oh well we will see.
Another milestone for Unilife we are offically to be listed in the US "on or around February 16, 2010 under the ticker UNIS"
UNILIFE CORPORATION TO COMMENCE TRADING ON THE NASDAQ GLOBAL MARKET SEC DECLARES FORM 10 EFFECTIVE
Lewisberry, P.A. (February 12, 2010) Unilife Corporation (Company) (ASX:UNS,
NASDAQ: UNIS) today announced that the US Securities and Exchange Commission (SEC) declared the Company's Form 10 registration statement effective, clearing the path for Unilife Corporation's listing on the NASDAQ.
The Company expects trading of Unilife Corporation common stock to commence on NASDAQ on or around February 16, 2010 under the ticker "UNIS".
Alan Shortall, CEO of Unilife, stated, “I would like to thank the Unilife team for the completion of this significant corporate milestone. In particular, I wish to note the important contribution made by the Unilife Finance department, and our Australian and US legal representatives DLA Phillips Fox and DLA Piper who worked tirelessly to achieve this approval within our projected timeframe.
“Despite severe weather conditions in the eastern portion of the US that caused a shutdown of all Federal Government offices in Washington, D,C, and restricted operations in both Pennsylvania and New York City, our team has been able to work co-operatively to complete the work necessary to achieve this result. I must compliment the Unilife team and our advisors for an outstanding effort.”
The Company also wishes to advise that by the time trading of Unilife common stock commences on NASDAQ, it will have published on its website (www.unilife.com) a list of Frequently Asked Questions (FAQs) to support shareholders wishing to trade on either the ASX or NASDAQ. The Company has also now opened an Investor Hotline to assist with shareholder enquiries during this period. The enquiry line numbers are 1800 632 680 (Australia toll free), +1 866 496 5819 (US toll free) and or +61 2 8256 3394 (International).
UNILIFE CORPORATION TO COMMENCE TRADING ON THE NASDAQ GLOBAL MARKET SEC DECLARES FORM 10 EFFECTIVE
Lewisberry, P.A. (February 12, 2010) Unilife Corporation (Company) (ASX:UNS,
NASDAQ: UNIS) today announced that the US Securities and Exchange Commission (SEC) declared the Company's Form 10 registration statement effective, clearing the path for Unilife Corporation's listing on the NASDAQ.
The Company expects trading of Unilife Corporation common stock to commence on NASDAQ on or around February 16, 2010 under the ticker "UNIS".
Alan Shortall, CEO of Unilife, stated, “I would like to thank the Unilife team for the completion of this significant corporate milestone. In particular, I wish to note the important contribution made by the Unilife Finance department, and our Australian and US legal representatives DLA Phillips Fox and DLA Piper who worked tirelessly to achieve this approval within our projected timeframe.
“Despite severe weather conditions in the eastern portion of the US that caused a shutdown of all Federal Government offices in Washington, D,C, and restricted operations in both Pennsylvania and New York City, our team has been able to work co-operatively to complete the work necessary to achieve this result. I must compliment the Unilife team and our advisors for an outstanding effort.”
The Company also wishes to advise that by the time trading of Unilife common stock commences on NASDAQ, it will have published on its website (www.unilife.com) a list of Frequently Asked Questions (FAQs) to support shareholders wishing to trade on either the ASX or NASDAQ. The Company has also now opened an Investor Hotline to assist with shareholder enquiries during this period. The enquiry line numbers are 1800 632 680 (Australia toll free), +1 866 496 5819 (US toll free) and or +61 2 8256 3394 (International).
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Yep Lee. Its the final tick of an outstanding effort by Unilife. Now to see how much the USA will rerate this capped stock by.
UNIS due to start trading on nasdaq on or about 16th. Monday the 15th is a public holiday in the USA .It will be interesting to see if
1. The company halts trading of UNS on the monday tuesday and recomences after the first day trading of UNIS
or
2. If UNS is traded between monday opening and Tuesdays close what effect it will have on the SP it is possible that it could race away or it is possible that shares for sale will dry up.
What does appear to have happened is that the bot which has been active for some time now was unable to hold the sp down to the prices around $1.30 that it seems to be working towards:
1. The company halts trading of UNS on the monday tuesday and recomences after the first day trading of UNIS
or
2. If UNS is traded between monday opening and Tuesdays close what effect it will have on the SP it is possible that it could race away or it is possible that shares for sale will dry up.
What does appear to have happened is that the bot which has been active for some time now was unable to hold the sp down to the prices around $1.30 that it seems to be working towards:
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Hi Pace
As a guess I'd say maybe one day late, listing on Nasdaq on Wed night, gives a bit more promo time and with the public holiday and all.
I doubt there'll be any trading halt on ASX tho.
And last traded price on ASX before Nasdaq, I'll have a stab at $1.50 as there is still speculation that she'll boom onto the Nasdaq and with pending announcements; the most interesting imo will be what they release on the exclusivity list.
As a guess I'd say maybe one day late, listing on Nasdaq on Wed night, gives a bit more promo time and with the public holiday and all.
I doubt there'll be any trading halt on ASX tho.
And last traded price on ASX before Nasdaq, I'll have a stab at $1.50 as there is still speculation that she'll boom onto the Nasdaq and with pending announcements; the most interesting imo will be what they release on the exclusivity list.
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I see that UNIS is found and displayed when searching on the NASDAQ "Real time quotes" albeit without any market prices at this stage.
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Yes Santoro. It is great news. With TZL coming out of hibernation soon, I reckon its going to be a great few weeks for us (that is if you do hold UNS).
I expect strong buying on Monday and Tuesday (if we don't go into a TH for whatever reason)
