I hold a few of these and a little surprised to see them move up sharply today - in a really bad market - I believe they are undervalued and the CEO is always buying but ......

anyway here is the reason


'Mail on Sunday advises: Universe announced a total dividend of 1.95p. At 21p the shares yield 9.3% and trading at 5.5 times forecast earnings for this year. However, there are reasons to be cautious. Universe is listed on AIM and with a value of just 7.5 million the shares can be volatile. It is unusual to find shares that offer income, growth and recovery, but Universe may fit the bill. Be aware of the risks, but the shares are a speculative buy, the paper says'


The shares are up over 19% today on more than three times average volume - worth looking at the following links to hear/see latest results

UNIVERSE GROUP PLC [UNG]

Universe Group plc - itruffle presentation (part 1) - slides - 19 March 2003 : 24 March 2003 3:25 pm
http://www.itruffle.com/link.asp?t=cbe&id=4020

Universe Group plc - itruffle presentation (part 1) - video (2.1MB) - 19 March 2003 : 24 March 2003 3:25 pm
http://www.itruffle.com/link.asp?t=cbe&id=4021

Universe Group plc - itruffle presentation (part 2 - questions) - audio (1.1MB) - 19 March 2003 : 24 March 2003 3:40 pm
http://www.itruffle.com/link.asp?t=cbe&id=4022



ains

LONDON (AFX) - Universe Group PLC said trading profit in the first quarter has increased by 'a significant margin' year-on-year, mainly due to the continued impressive performance of unit HTEC.
Chairman George Welham told shareholders at the company's AGM that the opening months in the year were still a 'long way' from favourable trading conditions.

"The absence from Paris of tourists in their traditional large numbers has been a particular concern," he said, adding that its Master Change operations continue to reflect the depressed market for tourism.

"We have tight control of costs; but what Master Change needs is tourists and it's anybody's guess when they will start returning to Europe in their previous numbers," he warned.

The company's newest business, First Remit, is growing well, he added.

"In the next couple of months this business will be covering its cash operating costs on a monthly basis while continuing to grow rapidly," he said.

In addition, the company is proposing to close its Queen Anne Street Office in the West End and relocate it at HTEC in Southampton.

ra

Ticking up with the market @ 23/27p up over 6% intraday

ainsoph,

Are you still in ?
Bought at19p last November.
Why are they classified as "Security & Alarms Services" ?

Check out the new thread

http://www.moneyam.com/InvestorsRoom/ShowPostList?fID=1&tID=4606

All the latest news there, as well as the tip sheet post that led to yesterdays strong buying.