18p. 29 apr 9.7p

Uniq - now buy 46p - sales of NE European businesses pending ? Is it about to take off ? IMHO

Why should it al, the companys going to use all the money they get from sales to pay off some of the pension deficit they have....... and still be left searching for more funds for the rest of the deficit.

The companys way overvalued at 46p already.

Nearly doubled since someone suggested shorting it due to pension deficits, broker notes......LOL

Yes foolish gullible inexperienced investors who have been duped by a group of die hard cheats across the road have helped the SP rise.

Pity they have got caught up in this exercise where I post a quote from the ring leader from late spring.... " i will certainly be very suprised ----y if this stock isnt at least 120p by the end of september".

Wont see these guys for dust when the RNS comes out showing the sales of the North Euro business and the fact that near damm it all proceeds are going to pay for the pension deficit.

Check the situation out, theirs one big probability that the companys massive pension liability cant be erased other than using the euro sales revenue.

From another angle....

On the analysts figure who is the only one with a buy rating the stock is trading on a forward P/E of 18 to 2010.

A butty maker and wholesaler on a bloated P/E of 18...... pull the other one.

Got a right tonking today, wouldnt bet against the same early next week either.

Hyped up stock.

Actually they fell about 2p. Poor market friday - most stocks were down with ftse losing 90 points. When they sell the NE European businesses (pending ) there could be a substantial rise. imho.

6.98% fall friday, thats a tonking to me.

Why should their be rises on the sale of the Euro business?..... everythings already in the price Al and more.

Its all going to be directed imho to bridging the substantial pension deficit.

Improved isa allowance comes into force today for over 50's - you can add 3000. Under 50's will have to wait until next tax year to get 10,200 allowance.

Falling today.

There seem to be feint echoes -Fast Investor, Slater, Oliverleftwingtit and many others - a case load of sad aliases for the psychiatrist's couch. LOL

Not long to go to February now.......

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.

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Link to today's trading update:

UNIQ swings into profit in Q3

Re the Pension Fund:

"The last major legacy facing the Group is the disproportionate scale of the main UK pension fund deficit, the details of which were set out in the annual report, and more recently in the interim statement at the half year. We have commenced discussions with the Trustee of the main UK pension scheme to address this issue as part of the Scheme Specific Funding (SSF) process. The result of these discussions will have a fundamental impact on the long term future of the UK business and on shareholder value."

UNIQ buy in Shares mag today

A long awaited earnings recovery strategy asset disposals and the possibility of merger and aquisition activity all make chilled foods group UNIQ an appetising investment as the firm bounces back from a torrid two years.
Last weeks third quarter trading update demonstrated welcome progress, as the UK businesses haven finally returned profitability.
More importantly the company confirmed the process of selling its remaining European operations was well advanced. Shares believes they will be sold in the next ten weeks for some 40 million. After this disposal the company will be a cash-generative UK chilled food business with sales of some $300 million and a net cash position.
Following its retreat from europe, the 47 million cap has indicated it will boost its investment in its UK desserts business to increase both its flexibility and the scope for inovation.
Although viable, a group with turnover of 300 million would be considered to be too small by many analysts, a merger with another similar food manufacturer business such as Norther foods or Dairy Crest would be logical.
Uniqs 300 million in tax loss carry forward would held to lubricate any deal.
One obstacle still to be overcome is Uniqs pension deficit, which stands at 100 million on an accounting basis but is somewhat higher on an actuarial calculation. Negotations with the pension trustees, which has to be finalised by next June, will act as a constrait on sentiment. These discussions are likely to conclude with a compromise, with the company paying more into the fund utilising the procedds from the European sales, but with the rights of benificiaries being reduced.

Shares says ;- There is more good news to come BUY at 40.75p.

40 million for the NE European businesses is apparently the lowest estimate - could be considerably more boosted by the recent rise in the euro. Selling welll advanced and when it happens will give a considerable boost to sp. imho.

Why should it Al, all in the price and more imo.

Nasty bearish Double Top formed on the chart and lower indicators all negative. A fall back to support at 30p would be logical here if 50 day EMA at 34p doesnt hold.

One of the nastier charts around at the moment and no doubt the TA brigade have latched onto this over the last few days.

Up 4 fold since beginning of May,but looks to be one where caution is required at the mo.

Certainly so CP.

Looks to have 30p written all over it and then that might be a little generous even with the north Euro business in the SP.

Been a lovely profitable short for me so far.

Not in isolation though.

B/board favourites getting smashed all over the place and Ive got a few short from last thursday.

Not a keen shorter, but one as to make a living.

Yep going down the swany and very quickly.

The hype over the summer months cant have helped this one.

30p and very quickly imo.

Dam GF your up late ,,you've got to stop these all night clubbing sessions .