18p. 29 apr 9.7p

Uniq reported a pretax loss for 2009 of 18.5 million pounds, impacted by an 11.3 million pound pension-related finance expense. That compared with a loss of 0.1 million pounds the previous year. NOW BELOW 22p.

Has to be open to takeover now, unless the sp recovers over the next few days, which is unlikely.

that's true of almost any company, but though there may have been vague rumours, it would be a pretty silly reason to buy at this juncture

I wouldn't buy now myself, but anyone feeling like a gamble, purely a gamble, might consider that the underlying business is one that a few food producers out there might like to tuck under their belt. Just conjecture though!

LONDON (ShareCast) - The Pensions Regulator has refused clearance for a plan from convenience food group Uniq (LSE: UNIQ.L - news) to pay off a 436m deficit in its pension scheme.

Shares in the group plunged almost 30% on the news and is currently trading at 11 pence compared with Friday's closing price of 15.50 pence.

In April, the loss-making company said it reached agreement in principle with the pension trustee for a recovery plan.

However, the Regulator said the scheme, as currently constituted, does not meet all of its criteria for clearance.

Uniq said it is working together with the trustee to seek a resolution for the pension scheme, adding that it anticipates it will "take some time to resolve."

"The outcome of this process will have a fundamental impact, either positive or negative, on the pension scheme and on shareholder value," the group said.

While the company's market capitalization is about GBP10 million, it is saddled with a GBP436 million pension deficit.

brando u are correct. ive spent all
afternoon analysing the accounts and i
can quite honestly say after 2 years of
shorting this company and making a fortune
im going long tomorrow and looking for at
least a quick 100% return probably more.

The chart shows a bottom with MACD and other
oscillators rising.

Its a BUY.

And whats more it going out on my twitter account
to all top knob PIS first thing in the morning.

I called the pension issue right, U know that
someone else made a balls of it.

Thats over now.

UNIQ Is a buy and I reckon itl move very
fast, so dont delay but as always DYOR

I have after my system churned it out this weekend
as TOP BUY candidate

http://www.thisismoney.co.uk/markets/article.html?in_article_id=522801&in_page_id=3#ixzz1DsZ1rZBb

Charles Hall, head of research at stockbroker Peel Hunt, said the proposal represented the 'only' solution. Hall said the company should see its share price re-rated so the value of investors' holdings would be maintained. Shares worth 5.6p now could be worth 50p if the deal is approved.



Read more: http://www.thisismoney.co.uk/markets/article.html?in_article_id=522801&in_page_id=3#ixzz1DvCIdRxS

The chart for Uniq is very bullish..

Not a bad day up 21%.

Added a few today. Still a bit of a gamble but there should be a substantial upside.............with care!

Certainly UNIQ looks very cheap on fundies as long as it gets approval from shareholders and the court for the restructuring in 10 days time on the 25th of Feb.

Uniq ForecastsYear Ending Revenue (m) Pre-tax (m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-11 316.82 4.46 3.85p 1.8 0.0 +229% n/a 0.0%

31-Dec-12 328.56 5.71 4.93p 1.4 0.0 +28% n/a 0.0%

EPS growth of 229% and a Forward P/E of kust 1.8 to Dec 2011 make it very cheap.

It would be sheer madness if the restructuring wasn't given approval GF. This is Britain however, where sheer madness appears to be the norm! ;o)

Here we are from data explorers just about
only 35k stock out on loan but there has been
a fall off in there kast few day as you can see,
not much though so my conclusion is that its new
share holders buing the stock . in my eyes a
BIG POSITIVE. Shows confidence that the restructuring
will be passed on thee 25th......

goldfinger not sure if all Spreadbet/CFD trades are hedged and would there show no loan stock. Like the 50p target price set by Peel Hunt so good things could still come from UNIQ from this level.

Up 45% today so far.

Reminder..


Henderson is backing Uniq pension deal
By Jeff Prestridge
13 February 2011, 12:20pm
Fund manager Henderson is backing Uniq's ground-breaking proposal to tackle its crippling 436m pension fund deficit by handing over more than 90% of shares in the chilled food firm to the scheme's trustees.





Henderson, one of several City institutions to hold stakes in Uniq, said the restructuring represented the 'only show in town'. 'Either it gets approved or Uniq goes bust,' a spokesman said.
The investment group holds Uniq shares through Henderson UK Equity Income fund and the Lowland and Law Debenture trusts.

In a deal with the Pensions Regulator and Pension Protection Fund, after 18 months of haggling, Uniq is ceding 90.2%t of its shares to the pension fund.

With a 14m cash injection into the fund, this would close the gap between the scheme's 600m of assets and 1 billion in liabilities, Uniq said.

It will also preserve 90% of the benefits built up by members - those already in payment would be paid in full. The scheme has 20,000 members.

But crucially, the complex arrangement must be approved by Uniq's 11,000 shareholders in a vote that takes place in 12 days.

Charles Hall, head of research at stockbroker Peel Hunt, said the proposal represented the 'only' solution. Hall said the company should see its share price re-rated so the value of investors' holdings would be maintained. Shares worth 5.6p now could be worth 50p if the deal is approved.



Read more: http://www.thisismoney.co.uk/markets/article.html?in_article_id=522801&in_page_id=3#ixzz1E82JBn31

Now 78%. Very tempted to buy more.

Many thaks GF

By bringing it to our attention a couple of days ago I did some research and jumped on board and have just made a packet.

Thanks