18p. 29 apr 9.7p

Yep my quack says so aswell jimmy.

Short going nicely here.

30p on the cards i reckon.

Im watching cnbc here the GDP figures are going to be good ,may help the general market.

30p not far off now.

What a corker of a short.

All puff and wind on this one. Pity the poor suckers who got roped in by the man across the road.

Remember I told you so.

And remember what i said about the pension deficit and how the selling of the companys silver ware would be used LOL lol ,lol ,lol lol lol lol .......

USE OF PROCEEDS

The net proceeds (after costs of approximately 3 million) from the sale will be used to eliminate Group net debt (pro forma 2.5 million at 25 September 2009 following the sale of Marie), with the balance being applied to shaping the long term future of Uniq whilst having regard to the significant UK pension deficit. ...ENDS

To be truthfull though I feel sorry for those who have been duped here.

Crikey GF what are you doing up at this time of night ?

Hi Jimmy,

been a bit off colour of late. Doc says ive got to moderate a bit.

Cant sleep much at the moment so helps to be able to post in the small hours.

That aside the news from the management here is very dissapointing given that the wallys over the road were expecting 70 to 80 million for the sale proceeds.

Can see this drifting to 30p and below after the initial puffining as subsided.

cheers mate.

Sorry to hear that GF, take it easy .

From The Times - rumour of the day.

Uniq shares rose 5% to 34p after its disposal of its loss making business in the Netherlands for 18 million. The deal, which comes after exits from France, Germany and Poland puts Uniq in its best financiall position for some time and could make the company a future bid target according to FinnCap the broker.

Which joker at finns thinks these will be taken over with a pension deficit 4 times the size of the market cap..... LOL you just have to.

See the SP slipped to my target of 28p today.

Short returns get bigger by the day.

Now I did warn you.

yep!
thanks gf please do keep em coming.
regards
jkd

cheers JKD, on sick leave at the mo hope to be back in run up to xmas after this present crisis going on.

thanks mate.

Obsessive aliasing is bad for one's health.

slater
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fast investor
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Those loses must be hurting zscrooge........ now if you had a fiver for each of those so called alias you have printed you would only be 20 grand in loss.

Just look at the next post, its an eye opener........

Lifted from across the road re - uniq, i cant commentate on its authenticity but its been posted all the same,...................

Maybe people are realising that this stock isn't at the cutting edge of the food industry. I'm struggling to find what future the company has as our competitors are eating away at our market share. People on this BB are too fixated with the huge turnover that Uniq generates.

The senior management at Minsterly are useless and are not worth their 130k PA, yes you know who you are, the ones that are on contract. I know for a fact that there are going to be huge losses this year for the group as cost cutting from supermarkets take hold, this hasn't been realised by the inadequate management and passed onto Uniq's suppliers.

I am expecting a lot of red arrows for this but in the medium to long term only time will tell.

DYOR and all that but you have been warned...

God knows what across the road means ?- as you say not authenticated so why post it ? - Unless youre a SHORTER of course and wish to unsettle holders ? . Anyway youve said you are in previous posts.
Uniq supplies 60 % of Marks and Spencers sandwiches and they demand the highest standards from their suppliers, so dont talk rot !

Err al,

im just the errand boy with this post from iii and yes i am short.

And if you check the post again its not the standards of uniq that are being questioned but the costs at which they are paying to maintain them standards.

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.