(IF) STX raise funds at 12c (14 vwap at 15% discount) and the sp can hold/stabalise at 12.5c that currently values the sp of UIL at 6c.....paying 6.5c at this point is overs, unless you believe a counter offer will eventuate imo. Not so sure there'd be any counter offer considering the MC was half of what it currently is only a month ago and wasn't exactly coming under fire at those levels? Interesting sp action over the last couple of weeks that's for sure.....
UIL Price at posting:
6.5¢ Sentiment: None Disclosure: Not Held
