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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Uniq | LSE:UNIQ | London | Ordinary Share | GB00B63B4X28 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 95.50 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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28/4/2011 16:53 | We will ultimately sell at a price that the pension fund values us at, not a penny more, not a penny less. The share price is irrelevant in this case. | propane | |
28/4/2011 15:35 | my worry is that with only 10% of the shares available for trading very small trades relatively are making big differences to the price at the moment(in both directions) - whilst I am happy to see this on the upside, it makes me wonder if an interested party / potential purchaser could aquire some of those available and then use them to manipulate the price downwards to put pressure on the pension fund to sell at a good price or a discount (and we holders would have no choice but to follow suit) - is there a law against this? | neverabanker | |
28/4/2011 07:42 | Uniq desserts operation boosted,new orders 28 April 2011, 08:15:00 | SpikeyDT Uniq desserts operation boosted by new orders 28th April 2011 By Duncan Tift - Deputy Editor, West Midlands FOOD supplier Uniq is preparing for growth after an influx of new orders helped it return to underlying profits. The company, which has a major desserts operation in Minsterley in Shropshire emplying around 700 staff, supplies major retailers such as Marks & Spencer and Costa Coffee while it also produces chilled products for the likes of Cadbury. There had been concerns about the future of the Shropshire plant following the loss of a £10m contract to a cheaper supplier. However, the company said a restructure had enabled it to plan for the future and the growth in new business had provided it with a stable platform for the future. In its annual results, the firm said profits in 2010 rose to £4.1m, compared to a loss of £1.9m in 2009. Commenting on the future of Minsterley in its annual results statement, the firm said: "At our Minsterley site our focus was on re-stimulating growth in our everyday desserts categories such as trifle, where we hold a market leading position. "To achieve this we redeveloped all our recipes and packaging formats in accordance with our consumer research. As a result, we invested in new technology to give us greater flexibility in the number of pots per pack and the speed at which they could be packed. This process was successful, but growth was held back by price increases as a result of higher raw material costs. "Our co-pack agreement with Müller to produce Cadbury branded desserts saw considerable investment to build capacity, resulting in a state-of the-art, highly efficient facility. Although the anticipated volumes did not materialise during 2010, we are well positioned to work with our partners on future opportunities." However, it will retain a tight rein on costs in order to offset escalating raw material. The company's situation has also been eased after it successfully tackled a £436m hole in its pension scheme. The situation was a legacy from the company's previous life as Unigate, where it had 21,000 milkmen in its pension scheme. | propane | |
27/4/2011 11:09 | Good articles propane....Thanks. Come on Uniq, Give me my £1 and I'll celebrate with a sandwich and one of your lovely puddings ! Potential bidders for Uniq include failed Northern Foods suitor Greencore and private equity. "They will have to pay more now," said Eaton. "After years of challenge we have some real momentum." Its shares rose 3¼p to 76¾p. | stevi111 | |
27/4/2011 10:08 | Potential bidders for Uniq include failed Northern Foods suitor Greencore and private equity Wednesday April 27,2011 By Daily Express Reporter SANDWICHES and chilled foods maker Uniq said shoppers buying more expensive desserts in the downturn helped it narrow annual losses and boost its potential sale price. The company, whose own pension fund recently took a 90 per cent stake in return for being released from its £400million pension deficit and appointed financiers to look at offloading the holding, posted a pre-tax loss of £11.2million for 2010 compared with a £18.5million loss last time. Revenues rose 7 per cent to £311.9million. Chief executive Geoff Eaton said premium dessert sales had offset cost hikes in cream. Sandwich sales were helped by a Marks & Spencer contract expansion to supply two-thirds of its range. "Despite concerns over consumer spending we haven't seen any let-up in the pace of growth," Eaton said. "But the new year will be tough with raw material costs still rising." Potential bidders for Uniq include failed Northern Foods suitor Greencore and private equity. "They will have to pay more now," said Eaton. "After years of challenge we have some real momentum." Its shares rose 3¼p to 76¾p. Read more: By SpikeyDT ==================== By Tanya Jefferies and Press Association 26 April 2011, 3:38pm Shares in food firm Uniq gained 5% as it slashed annual losses and hailed a solution to its pension black hole. The company, which supplies Marks & Spencer and Costa Coffee, reported a pre-tax loss of £11.2m last year against £18.5m in 2009. Revenue rose to £311.9 from £287.2m before. The firm's stock put on 3.4p to 78p in trading today. Uniq has recently tackled a £436m hole in its pension scheme - a legacy of its previous incarnation as dairy giant Unigate, which includes former milkmen among its 21,000 members It resolved the issue by transferring 90% of its shares to the guardians of its retirement scheme. The firm also moved on to the smaller Alternative Investment Market, triggering a sale process which has led to a number of bid approaches. Uniq's annual results benefited from an expanded contract with M&S to produce nearly two-thirds of its sandwiches, including the Simply Fuller Longer and the relaunched Gastropub sandwich-in-a-bag ranges. The company produced more than 100m sandwiches last year, and its food-to-go division saw profits jump 51% to £11m. The operation makes sandwiches at Northampton and dressed salads from a site at Spalding. The desserts division reduced losses by 7% to £2.7m but the maker of Cadbury chocolate desserts said it had lost £10m of business in 2011 due to cheaper competition. Uniq has unveiled a new strategy for its desserts business, which will see it boost production of yoghurts, own-label premium desserts for supermarket customers and Cadbury puddings. It will also look to cut costs at its loss-making own-label everyday desserts division. Earlier this year Uniq announced it would stop making cottage cheese at its plant in Evercreech in Somerset as it struggles to compete with competition from dairy giant Arla. It said many of the employees at the plant would be transferred to making premium puddings, which saw a 21% rise in sales in the year. Chairman John Warren praised the management for transforming the business during a period of uncertainty. Looking ahead, he commented: 'The new year has thrown up further challenges, with further raw material price inflation, increasingly intense competition and loss of business in desserts being notified before the implementation of the pension solution. 'We fully expect to maintain the improved performance of the company despite the challenging environment.' He added that the board had decided it was 'not appropriate' to pay a dividend for 2010, but following the pension restructuring it did intend to | propane | |
27/4/2011 09:56 | What are you on with Loverat ? | 666james | |
26/4/2011 17:37 | ????? relevance? | billybankrupt | |
26/4/2011 16:06 | Any folks who dislike legal threats etc and wish to contribute please check this site out. Your support is vital. New site. Register on this site. Tell them your story. | loverat | |
26/4/2011 06:49 | Seriously GOOD results considering all the uncertainty which has faced the company over the past 12 months. Highlights * Revenue up 6.8%* * Trading profit before central costs up 88% * Business performance recognised through customer awards * Strong momentum continues in Food to Go Post-period update * Balance sheet transformed on delivery of innovative pension solution in 2011 * Successful admission to AIM * Desserts review identifies profitable growth opportunity for defined markets Commenting on the full year performance and on the outlook for the Group, Geoff Eaton, Chief Executive of Uniq plc, said: "This is a strong set of results and a credit to our management and employees who have focused so successfully on service and innovation in difficult circumstances. Having delivered the pension solution and with a positive outcome from the Desserts review, we are now well placed to develop the full potential of this business". | stevi111 | |
26/4/2011 06:30 | Results excellent, might see our £1 sooner than thought........not forgetting we also have bidders circling! | propane | |
25/4/2011 13:20 | Finals tomorrow. Maybe some word on who might buy the company too. | psolomons | |
21/4/2011 14:53 | Still going up slowly virtually un-noticed by the world ! Long may it continue ! | stevi111 | |
21/4/2011 07:49 | Has Minsterley not had enough spent on it? The sandwich factory is M&S standard and doing well Salads again has a good standard Evercreech is old, locked in by housing but produces for M&S so can't be too bad. There appears to be no imeadiate need for bucket loads of money IMHO The money would surely be needed though if rationalisation or closure was part of ther plan. | billybankrupt | |
20/4/2011 11:59 | Stud Agreed, the best sign of strength is a share going up on sells. | oldtown | |
20/4/2011 11:20 | Deals are probably being hatched behind closed doors at the moment Still a little disapointed at £1 if it materialises worth more IMHO bearing in mind all the history discussed at length here over the last year. We still have not heard the outcome of the business review following the loss of sales at Minsterley / Evercreech announced as an RNS many moons ago | billybankrupt | |
20/4/2011 11:10 | I am pretty certain there is a big buyer out there and the MM's are teasing out weak holders. Most of the trades have been sales yet the price is creeping up. I agree bid is coming at 11-12p max. Old money. They can have mine for a quid each - get in touch. | stud-muffin | |
20/4/2011 10:54 | Still very much undervalued in my opinion. Steadily creeping up. 100p possible here with a bit of patience. | stevi111 | |
13/4/2011 18:04 | "Any bid will be well above current levels in order to persuade the pension trustees to sell." This isn't necessarily true. A large holding cannot be sold at market rate. On the other hand, an equivalent holding can not be acquired at market rate. So the "true" value for these large blocks is mostly determined by the supply and demand for those large blocks. This is different from the supply and demand for small blocks near NMS, which set the shareprice. Of course, there's a connection between these two quantities, but they become more divorced from each other the larger the majority shareholding becomes. At 90% in the hands of one holder, they become about as disconnected as you're ever likely to see. At that level, the apparent shareprice becomes a near useless indicator of the true value. (The pension trustees have no chance whatsoever offloading that many shares in the market, and the minority shareholders can not block any bid the pension trustees accept, even if it's at a discount.) Before anyone gets antsy, I'm not saying a bid *will* be at a discount, just that the usual market conditions do not apply here and you should not expect the usual premium as a given. (Perhaps there are rules against discounted bids, though I doubt it. Anyone know?) | stewjames | |
13/4/2011 11:00 | It was hoped that it would come back with £1 looking for a premium from there should buyers materialise How easily we adjust our expectations | billybankrupt | |
13/4/2011 10:50 | Level 2 looks great still 72p bid (iceberg on it as well) Any bid will be well above current levels in order to persuade the pension trustees to sell. 100p on its way with a little patience. | stevi111 | |
13/4/2011 10:49 | keep this up til 26 April please... I'll settle for 100p | brando69 | |
13/4/2011 10:05 | Isn't that 7.1p, not 71p ? Why hasn't the share price been adjusted ? | peawacks | |
13/4/2011 09:50 | Took 5k at 71.25p Level 2 looks very very good for the longs. Surely any bid will be a fair whack higher than the current shareprice. The pension trustees willmost definately want the best price possible. | stevi111 | |
11/4/2011 18:03 | Loverat, it's a farcicle situation but as i'm already in profit, and expecting more once the bidding commences, i can't complain. | propane |
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