18p. 29 apr 9.7p

Well theyll recieve over 100 million when the sale of all their european businesses goes through so as theyre now concentrating on the uk it makes sense it invest in it and make it state od the art wth quality suppliers to satisfy.
From advfn site I understand the following was also put on iii board but you chose not to copy. It reads:-
A couple of intresting posts on the other board in reply to a very dubious one earlier in the evening.
From Oddiel.
This is rubbish - I know for a fact that one of the 3 business units at Minsterely recorded a profit last week of 97k. At that rate 5 million a year is easily achievable not to mention the other 2 units which are being developed rapidly with more lines coming on in the new year.
Minsterely alone should be making 10 million a year from 2010 following restructuring and new kit. There are senior managers that have been brought in to help with site development and inovation, this can only accelerate the protitability.

From kopalot.
The Evercreech site is also performing well - orders coming out of their ears and they now deliver from the factory rather than use a third party storage. They are currently achieving 99.8% efficiencies - shame about the other .2% (joke).
This is a massive transformaton and I'm sure we will see positive results. A buy at this low sp.

Stange that you did not reproduce these posts also !11

Yep but is it not the case that you also choose to neglect the negatives??????????.

Surely if we are being sincere here we are looking after our own interests and posting as such.

The problem here is that the company have a pension scheme (legacy of Unigate) which is in deficit by about 4 times the companys market cap at last look. (not BT where the deficit is less than 1 time market cap)

Now thats serious and all this balderdash which as beeen slung on the net by students trying to 2nd guess just how healthy the present situation is, is just that........balderdash.

My own take here is that ALL the monies recieved from the Euro business will be used to help bridge that gap so all this talk of a cash rich company will turn out to be untrue.

I refer you to a point made by the companys IN HOUSE BROKER......

Restructuring costs add to Uniq losses
By Thomas Williams
Published: July 30 2009 17:43 | Last updated: July 30 2009 17:43
Chilled food group Uniqs losses deepened in the first six months of the year as restructuring and pension costs continued to eat into efforts to reverse sales declines by focusing on its UK market.
The groups pre-tax losses on continuing operations in the first half were, at 12.8m, almost five times as large as the first six months of 2008 when Uniq lost 2.6m. This was against a much smaller fall in revenue on continuing operations, which was 141.1m in the first half compared with 143.4m the previous year.
However Martin Beer, the groups finance director, said that much of the loss could be attributed high interest charges on credit facilities agreed in January, a foreign exchange hit from changes resulting from the withdrawal from Uniqs European operations and a notional 5m annual charge to service Uniqs pension liabilities.
The groups UK business also neared break-even point with a loss of 1.3m. Its Food to Go business was buoyed by 27m of business won from Marks and Spencer and The Co-operative. The group is also set to pick up 73m from the sale of French business LDC, which is likely to be completed later this year. Business in northern Europe, which is also slated for sale, turned a profit of 2.6m in the first half compared with a loss of 2m in 2008.

Nicola Mallard, and analyst at Investec Securities who is forecasting 6m earnings before interest and tax in 2010 for Uniqs UK operations, said trading was on an upward trend, but added that a decision by Uniqs pension trustees in February next year on how Uniq should service an estimated 270m in pension liabilities would be crucial for the company.

Your comment re UNIQ has debts of 270 million is absolutely rediculous - uniq already have a fund holding 100 million set aside to support the pension fund as necessary.
The actuaries who deal with the pension fund are the only ones in the know - its a long term on gonig situation which can be dealt with over the next ten years if necessary. With the rises in the ftse over the last six months any pension deficit will have decreased considerably.
Anyway Im quite happy with Uniqs sage "Rainmaker" whose commment on advfn on Dec 1st I quote :-
Thin volume is allowing the sp to be manipulated, Ben Grahams famous quote springs to mind once again "In the short term the stock market is a voting machine but in the long term it is a weighing machine" Its ironic that Uniqs went down today yet the rise in the ftse 100 meant that Uniqs pension deficit dropped by 6.8 million. I believe total debt is now around 20 million.
Another interesting figure to ponder upon is that at current levels Uniq has a capitalisation figure of 32.6 million yet in the last month has agreed to sell three North East European businesses for 43.5 million giving it net cash of 41 million when the funds are recieved in March. Lastly, Uniq is trading profitably.
Is this not a bargain I see before me ?
Another Ben Graham quote "Investors should let a companys underlying fundamentals as dictated by earnings assets etc be their guide and not the share price".
Shorting Uniq at current levels is a very dangerous game.

Your quoting of rainmaker over the road does nothing but discredit you.

Ive found the man to have told porky after porky during the summer season.

How on earth can you trust a bloke who said........

"this stock will surely be in the region of 90p to 120p late summer".

I continue to remain short with a sp target of 24p and then 19p.

Taking a battering.

24p next level.......

Alan have you sold out yet?????.

Been out all day - taking a battering - down .75p - Big deal ! - going to top up next week.

On the short side????

Nope - the other way of course !!

Alan, did you buy today??.

Reckon youl pick these up at around 24p later this week maybe less.

Not much meat left on the bone now.

Todays trades paint a really depressing picture.....



dem bones dem bones them dry bones, dem bones dem bones dem dry bones.

We had 24p at one time today.

Looks to me like long term holders capitulating and speculators coming in.....

they wont be in for long.

20p here we come.

Dont let these shocking shorters persuade you to part with your shares - they work en-masse drip selling shares which can be very frustrating on a down ftse day. Others are assigned to write negatively re shares on bb' etc.(Sry, sure you knew this anyway)
This is a quality share - see following post taken from advfn dated 1700hrs today and posted by 818332. :-

Such short termism - Great buying opportunity.
People should refocus on their research which they did before buying into this great company. Selling out of panic or fear is never a clever move.
Not allowing yourself to buy or sell on emotion is one of the hardest investment skills to master. Letting yourself fall foul to fear or greed normally means buying high and selling low.
There is no major bad news out there - the company is not going bust. GE has not misled shareholders at any stage and has been upfront about all the challenged Uniq faces - too upfront for some it seems. He has masterminded and sucessfully implemented a total turnaround in the business. It is now profitable and will be more so in the future as it continues to improve efficiency, invest in technology and win more contracts. Don't forget M&S don't give contracts to just any supplier. That UNIQ is in a position to win such a contract supplying M&S 60% of its sandwiches demonstrates its underlying strength.

No debt, in fact will have 41 million in the bank when the sale of the NE European businesses go through in March. Funds already set aside for the Pension and for future business investment, losses to carry forward so no tax liability.

Of course the pension deficit wll be an ongoing liability which is more than baked into the SP. But remember that punitive payments would not be in the intrests of the pension trustees - the payments would be manageable.

The house broker has forcasted an EPS of 6.5p on a PE of 7 giving an sp of 45.5p.
With more profit to come as the new business matures, this will steadily rise.

The time to buy a recovery stock is before it has recovered. Then employ a little patience.

" Of course the pension deficit wll be an ongoing liability which is more than baked into the SP"....... are you sure, are you really sure.???????????????????????????

I dont think so having had another look this aftrnoon at RNS items.

By the way alan if the author of that over the top piece was rainmaker punters might aswell just ignore it, his street cred as been blown to pieces and Im not the only one saying that either.

Nicola Mallard, and analyst at Investec Securities who is forecasting 6m earnings before interest and tax in 2010 for Uniqs UK operations, said trading was on an upward trend, but added that a decision by Uniqs pension trustees in February next year on how Uniq should service an estimated 270m in pension liabilities would be crucial for the company.

CHAIRMAN Ross Warburton Great bread man.

OFF WEB SITE UNIQ.COM

Sandwiches
We are a significant supplier to the UK market and in Continental Europe and continue to invest in the future of sandwich production to ensure sustained annual growth.

Desserts
Uniq is a market leader in the fast growing UK chilled indulgent desserts market. We are the leading supplier of retailer branded desserts in the UK.

Sauces, Dips and Dressings
We continue to provide new, innovative and great tasting products in convenient and easy-to-use formats for these growing markets.

JUST FOUND THIS.
Director's name:
John Warren
Director's position/role:
Interim Chairman
About this director:

Joined the Uniq Board in March 2007 as Non-executive Director. A fellow of the Institute of Chartered Accountants, John is a former Group Finance Director of United Biscuits and W H Smith. He is a Non-Executive Director of Bovis Homes Group plc, BPP Holdings plc, The Rank Group plc and Spectris plc.

Appointed Interim Chairman on 25 June 2009. He is Chairman of the Audit Committee.

Hi Baylis, at what cost are UNIQ paying to keep standards up for the likes of M@S in face of retail competion and taking the hit themselves???

Are they taking a fall in margin just to supply more?.

Your thoughts appreciated.

ps, by the way spent over 25 years of my career in the retail trade, including M@S tesco woolies and farmfoods, also spent time in retail banking with the halifax and midland.

cheers GF.

Melt down on the cards and pretty quickly I reckon.

next level of support 19p/20p.........

19p/20p the chart says for forecast. Next level of support this and I wouldnt rule it going down through this either after the performance of the last month or so.