Was expecting further SP falls leading up to FY results announcement but to consolidate at 6c with some good buying volumes recently is positive.
Interesting to see what restructuring charges may be made - I dare say there will be some fairly major headcount reductions with the rightsizing announced.
UBN can't really afford to pay redundancies though so will be delicate wrt to cashflow.
Hopefully a lot of their people were contractors which can be cancelled
UBN Price at posting:
5.8¢ Sentiment: None Disclosure: Not Held
