18p. 29 apr 9.7p

Sale of Uniq's German and Polish units cleared

Food group Uniq's sale of its German and Polish businesses has been cleared by competition authorities in Austria, Germany and Poland.

It says completion of the sale of Uniq Deutschland and Uniq Lisner to IFR Capital for 28.5m is expected to take place this month.

This will complete the sale of Uniq's continental European businesses.

The firm will announce its results for the year to the end of December on 15 April.


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PFD is moving higher today also if breaking 33p will help to further rise

Going well before results tomorrow.

I like the chart RSI, Ill nick that for a few other B/Boards....cheers.

At last up and through the short term resistance at 26p. Bodes well for the future.

Overall group loss before tax from continuing operations of 18.5M * Q1 sales up 4.2% to prior year * Revenue from continuing operations 287.2M * Agreed in principle an innovative long term pension framework

above is just a resume ..... numbers were ok but nothing to get excited about that i could see

Neither me.

Got out after first few mins.

Not what I was expecting which is a shame.

The drop is to do with the statement that the talks over the pension deficit will have a material effect on shareholder value "one way or other."

They mention it several times.

and sp has fallen through support too

The statement was a bit pesimistic, so no wonder of the share price reaction.

Maybe glad I did not have any, but instead holding PFD

order book / level 2 is weak in orders and volume on the bid side

dealerdealer.... and may take several months for pension regulator to pass!!!!!.

May come back here once we know whats just what.

By the way what a shity way to present your accounts uniq, especially the detail of the pension.

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%.