UWL - Uniti Group

[System]

Uniti Wireless is a supplier of fixed wireless broadband network and services as an alternative to nbn™ services and a replacement for ADSL connections. Currently operating in suburban and metropolitan Adelaide and areas of Melbourne, Uniti Wireless connects residential, business and enterprise customer premises to its network.

The Company has entered into a share sale and purchase agreement, pursuant to which the Company proposes to acquire the entire issued capital of FuzeNet Pty Ltd. FuzeNet Pty Ltd, together with its subsidiaries, operates the business of a retail service provider, predominantly reselling the non-nbn™ fibre infrastructure of competitors to nbn™ to provide broadband services to consumers delivered across the non-nbn™ fibre networks.

Uniti Wireless is undertaking an IPO to fund the rapid expansion of the network and further accelerate the growth of the business.

It is anticipated that UWL will list on the ASX during January 2019.

https://unitiwireless.com

 

[greggles]

UWL up from 17.5c to 42c in nine trading sessions.

During that time IOOF Holdings Limited has reduced its holdings in UWL from 15.381% (20,151,811 shares) to 10.619% (13,912,769 shares).

There has also been some to and froing with the ASX over the cessation of employment of two company Directors, Ms Sasha Baranikov and Mr Che Metcalfe.

Uniti Wireless Limited announces that Ms Sasha Baranikov and Mr Che Metcalfe have ceased employment with the Company, effective immediately.

Ms Baranikov and Mr Metcalfe were both Directors of the Company and have vacated those positions, also with immediate effect.

Ms Baranikov and Mr Metcalfe were the original founders of the Company and remain significant shareholders in the Company. Their shares remain escrowed for 2 years.

The following is the response of the company to an ASX Query Letter concerning the issue:

 

[Ann]

Up 10% so far today .99c

Uniti Wireless splashes $2m on acquisition of CPaaS provider Call Dynamics

Telecommunications provider Uniti Wireless (ASX: UWL) is set to shell out $2 million on the acquisition of communications platform-as-a-service (CPaaS) company Call Dynamics Pty Ltd.


Under the terms of the deal, Uniti will pay 63% of the consideration in cash and the remainder in Uniti ordinary fully paid shares, based on the volume weighted average price of the last 10 days’ trade.


The cash component will be split into two equal instalments – the first payable on completion of the transaction and the remainder payable 12 months after completion, subject to the achievement of forecast earnings in the 2020 financial year.


The share consideration will be subject to certain holding lock (or escrow) restrictions which will oblige Call Dynamics to utilise a securities broker nominated by Uniti. More...

 

[tech/a]

Been trading this since 84 c

 

[tech/a]

Been trading this since 84 c

Actually bought it earlier

 

[tech/a]

The Duck was stopped out of this trade.

 

[peter2]

Another small company (like ST1) building an alternative to the NBN in selected areas. This will become a very interesting sector if these companies can deliver a higher quality ISP than the NBN.

 

[Ann]

This little one may have had its run and be in need of a breather and travel sideways while I hold it in the July comp, let's see how it goes. It has ridden the 21dema beautifully without a break and may need to get back closer to the 55dema. It had a nice little delicate touch on the 21dema yesterday. The $1.84 may offer an overhead resistance for a bit. Hopefully it might break above before the end of the comp. The alternative could be for an excellent short which is pretty much my history in the comp!

Note on the Exponential Moving Averages: I have two displayed, one is the 21dema and the second is the 55dema. I also have a 13dema, 144dema and a 233dema (not shown). Funny MA numbers you might say! I have been playing around with a new trading system and thought I would try out Fibonacci number sequences just for fun. I might have to go back to the stock standard MAs but meh, I don't think it matters in the wider scheme of things, any line in the sand should work.

This is yesterdays chart...

 

[Ann]

Just checking in with UWL....

AAAAGGGGGHHHH! The humiliation! It is at last place of the comp list this week down 16.8%

Yeah not really humiliated, just jokin' folks!

I felt it was in for a bit of consolidation/retrace, not something to have bought into at the beginning of the month IMO. It has failed the $1.56 support line but is currently sitting on the 21dema, lets hope there is enough elasticity in the MA to flick it up north. Time will tell!

 

[tech/a]

How does an average of price represented in a line drawn on the chart
Supply elasticity to a price of a stock.
Your implying it has some influence in price going forward?
Do you believe it has an influence?

 

[verce]

@tech/a do you have nothing better to do than nitpicking everything @Ann says?

 

[tech/a]

Look I’ve made this clear a couple of times
I’ve made it clear in private emails.

Technical analysis gets a bum wrap particularly when it is
Presented with very little understanding of how to practically apply it.

When I see people who DONT know better commenting on rubbish as
If it’s amazing gospel I’m going to ask the questions that SHOULD be asked
and if your presenting it as a practitioner in the field of T/A you should
Be able to answer it coherently and without taking offence.

Anyone interested in applying T/A in their trading should also be interested in any reply.

After all people use REAL Money to trade
If your presenting practical application of any form of analysis you have a responsibility in my view to know what your talking about!
So if I don’t get it I’ll ask for clarification and so should anyone else with a question.

 

[tech/a]

How does an average of price represented in a line drawn on the chart
Supply elasticity to a price of a stock.
Your implying it has some influence in price going forward?
Do you believe it has an influence?

The answer is.
A moving average is simply a line plotted from data
it has no meaning other than a representation of its
data points expressed as a line over X periods in this
Case 21 periods.

 

[Ann]

The answer is.
A moving average is simply a line plotted from data
it has no meaning other than a representation of its
data points expressed as a line over X periods in this
Case 21 periods.

Spoken like a true non-chartist.

I am going to do my best to show you how I chart.

Charting is the art of reading moving averages, indicators and oscillators. These things need to be taken into account plus there is more. We are looking at a youngster here and need to find out what their support lines are.
Even though I am a chartist I like to hear stuff like this from people I respect....

Another small company (like ST1) building an alternative to the NBN in selected areas. This will become a very interesting sector if these companies can deliver a higher quality ISP than the NBN.

and from Greggles here

I try not to let a good story blind my trading, do I? Hell yeah sometimes and do I come to grief? Hell yeah, sometimes!

However it is worth taking a glance at what they do. There is always a higher power directing their course and you need to know if it is on the rise or the fall.

Looking at the chart I have three MAs showing, one is 21dema the second is 34dema and the third is 55dema.
As this is such a youngster a mere 5 months old I am a lot more forgiving. Sometimes kids run fast and just fall over, concessions need to be made. Little UWL had a fall and bounced off 34dema so I am now going to say 34dema is a test point for UWL. If UWL ever fails 34dema twice, if it closes under 34dema on two consecutive occasions then it is outski for UWL. I am only saying this as a short term trader, longer term there is a whole different story with far slower MAs.

MAs are a very important part of a chart traders arsenal and are a vital part of trading successfully. There are no magic numbers just spread them out. I have decided on Fibonacci numbers because I think they are caring and beautiful, they reach back and bring the laggards forward. I now, pathetic, I can't help it, I am a caring mum! Also note like any infant's life there are stages. Development stages are very important. I draw the lines from EOD.

One could call them stairways to heaven!

 

[explod]

As a chartist as well as a fundamental follower I'd would have never picked this when you did. A good explanation may help us to consider when it looks great but as it's shown in my experience it was all wrong.

I'm trying to distil soot (rubbish)

 

[tech/a]

Explod
It’s hit it’s bottom
For the time being
Without an M/A in sight.

But I’m sure one will appear as the saviour!

 

[System]

On September 25th, 2019, Uniti Wireless Limited changed its name to Uniti Group Limited.

 

[peter2]

I was riding this one higher until UWL decided to raise capital for a purchase.

Retail Entitlement offer: 1/10 at 1.62
I can buy a very small parcel at 1.62/s or as many as I like in the market for less. No thanks.

I'm concerned, if the proposed purchase is so good, why did the share price drop below the offer?

 

[So_Cynical]

I'm concerned, if the proposed purchase is so good, why did the share price drop below the offer?

The offer wasn't priced correctly? these guys have to pick a number and go with it and sometimes they are a little unrealistic, pricing for glass half full not half empty.

 

[Dona Ferentes]

Another small company (like ST1) building an alternative to the NBN in selected areas. This will become a very interesting sector if these companies can deliver a higher quality ISP than the NBN.

As well as Uniti Group Limited (UWL), formerly Uniti Wireless Limited, in this space, we have OptiComm (OPC)

... a licensed carrier and wholesale network infrastructure operator which designs, builds, operates and maintains fixed-line access, fibre-based, telco networks servicing new residential, commercial and retail developments within Australia. OptiComm is the fixed-line network infrastructure provider within OptiComm connected estates. OptiComm's network infrastructure comprises the final section (or last mile) of the telecommunication networks connecting homes, apartments and commercial premises within OptiComm connected estates to a central exchange point from which high-speed broadband internet and telephone services are delivered to end user consumers via third party providers of retail internet and other telecommunication services (Retail Service Providers).

and 5G Networks (5GN)

... a telecommunications carrier operating across Australia. The Company is engaged in the supply of cloud-based solutions, managed services and network services. 5G Networks provides the end-to-end control, responsiveness and upload and download speeds necessary to fully capture the value of cloud-based computing systems.

and Spirit Telecom Limited (ST1)

... a tele-communications company which provides Internet, cloud solutions, telephony services and Phone Names in Sydney, Melbourne and Brisbane and the Gold Coast.

- and probably a few others. Remember BigAir, taken over by SuperLoop SLC? Most are above the IPO price, but the price roller-coasters since then would be good for trading? And it looks like a sector 'ripe for consolidation'.