Uniq Plc Share Discussion Threads

[oldtown] 14/12/2010 12:45

Jotoha2
"oldtown...last company release said that the trustee have sold all equities and are now in Bonds guilds."

Well that wise move has cost the shareholders about 250 million then.
wtf WHAT IDIOTS!!!!!!!

[billybankrupt] 09/12/2010 19:56

Sarcasm is the lowest form of wit!!

anyone care to guess when the next update will be?

[northster2] 09/12/2010 19:27

BIG rise today

[jotoha2] 08/12/2010 16:23

Why has the BOD not put this company up for sale , they need to be part of a larger group who can guide then through this mess.

[jotoha2] 08/12/2010 16:21

oldtown...last company release said that the trustee have sold all equities and are now in Bonds guilds.

[oldtown] 07/12/2010 15:00

Does anyone know what % of the pensionfund is in equities?

[moathunter] 06/12/2010 16:50

A comical call from 2 years ago was this thread header:
UNIQ(UNIQ) A 22 BAGGER IN NEXT TWO YEARS?!
Dec'08



Avoid the promotional threads that claim to make rain.
In Dec 2008, all around him lay great investments, yet he chose to promote SDIG (gone) and UNIQ (going).
It's dubious behaviour to heavily promote such risky stocks.
But to then ban those that highlight the risks. Not good.

So if you come across his promotional threads and there's a curious lack of risk being discussed, be careful.

[spawny100] 03/12/2010 15:44

Not a bad call on this thread header from a year ago was it?!

[loverat] 02/12/2010 12:36

Interesting article above. This looks priced for the bin.

[ginty the brave] 01/12/2010 22:36

Old post knowing.

I am a holder here and expect to get a significant return in due course.

A contrarian view you might say....

[boysie72] 26/11/2010 11:47

This is looking very bleak indeed.
Is Rainmaker still ramping this to people and that he's expecting a significant share price increase in the near term!?!

Fast Investor was more clued up than Rainmaker, unless Rainmaker was Fast Investor!!! You have to take everything with a pinch of salt on these boards.

GL to those still holding. Hope it works out for you.

[wes1] 22/11/2010 16:10

Part two
"The emerging solution is basically to give the company to the pension fund. Uniq has 115m shares in issue. It plans to create a further 1.035 billion shares and give them to its pension fund, making it the 90 per cent owner. The pension fund will then sell the shares on the stock market and reinvest in a more appropriate asset."

[wes1] 11/11/2010 08:11

just waiting for the Regulator. might be a long wait. In the meantime, article here in IC makes interesting reading

[northster2] 10/11/2010 17:13

whats happened here ?
is uniq still trading

[peawacks] 04/11/2010 11:55

raginghippo and neverabaker,

If you read my post it states 'from HB Markets' !

It was placed there for information, whether it makes sense or not is up to the reader.

[neverabanker] 03/11/2010 19:05

Peawacks that makes no sense - if the 90% stake in the company is to fund the hole in the pension scheme (probably somewhere around 300M - as opposed to the quoted 436M- once the secure fund money and improved stock market valuations are taken into consideration)then the trustees are hardly likely to allow the company to be sold for 12-18M - unless you mean that the 10% of shares in current investors hands would be valued at 12-18m which is possibly quite realistic.(but still values the company too far below the needs of the trustees).
The potential buyback talked of was 25-35M which would only return perhaps 10-15% of the pension fund holding(at current prices - though the option will probably require them to be bought back at a bit of a premium to current price) - this would not saddle the company with crippling debt by any means but could add worthwhile value to the shares held by current shareholders after the initial dilution.
I also don't understand why the directors would have gone public with this proposal at this time if the trustees and the pension regulator had not already given it the once over - there would be too much egg on face given the first proposal was rejected.
We should not forget in Oct 2009, at the time the company was making a loss,and there was still considerable unresolved restructuring of the company and the pension deficit was sitting there, the company was valued at over 50M (48pps) with an in house broker forecast of 56p then (admittedly this was on speculation that the pension deficit would have been reduced - but not eliminated- by the sale of the NEuropean subsidiaries).
The company is now more or less in profit, and the current proposal would remove the burden of the deficit completely so the broker is unsurprisingly valuing the company, without the pension, at around 80M (72ppshare) in its current state. If it is able to use finance to expand and can return a profit or even be considering dividends , then this time next year that may well be a considerable underestimate of its value. It would seem that the trustees must think so otherwise the pension proposal is madness. The current Value of 7-8p does however make sense for now as everyone is presumably factoring in that they will only have 10% of what they hold very shortly.
I therefore remain moderately optimistic that I will not lose everything and may even get my money back or better eventually - but what do I know I was smug a year ago and didn't sell!!!!

[raginghippo] 02/11/2010 11:58

Peawacks - if what you stated was to happen then we could be looking at 11p per share - at best!

Speculative BUY if your insane!

Ill look again at 3 to 4p - if they dont got pop!

Still my M&S sanny is bloody nice!

[wes1] 28/10/2010 15:34

There is no doubt that the pensioners have been ripped off

[trojan] 27/10/2010 16:53

and NOT an AIM listed stock either!! lol ;)

[peawacks] 27/10/2010 14:15

From HB Markets;


Uniq (UNIQ, 8.2p, £9.42m)

Uniq (UNIQ, 8.2p, £9.42m) Uniq's potential deal with its pension fund is interesting. The proposal is the group delivers 90% of its shares to the pension fund in exchange for the removal of the pension claim. The group would thus be more attractive - especially to potential lenders and so the group would be able to refinance – hopefully. The group would use its £14m cash pile plus debt to repurchase shares in the group. We see significant risks that this may not be achievable – not least the lack of desirability of a pension fund holding stock in the same company. However speculators should consider the potential outcome should this unlikely scenario be delivered. On our calculations the group would broadly be at breakeven (actually still in modest losses) post the share re-purchase – but clearly in a better if not brilliant financial position. To a potential bidder though there are attractions. Sales in excess of £320m would command a significant premium to the current valuation - as would the simple removal of directors and AIM listing costs of an estimated £2m in the event of a bid – which would imply a value between £12.5m and £18.5m. While we think Hold remains the right recommendation till the proposals become clear, higher risk speculators might treat this as a potential SPECULATIVE BUY.

[peawacks] 27/10/2010 14:07

One solitary trade- a 50K buy gives the share price a welcome boost. More please.

[wispaman] 26/10/2010 10:10

to anyone who read this posting before edit, please forget it as I have managed to find further information, to counteract it.

Wispaman

[jack1236] 25/10/2010 08:28

What % can the company buy back for £25m - £30m at a fixed price? 20%/30%/40%/50%? Why bother if it's going to be a silly %. If you
think about it, this is likely to happen sooner rather then later.

[honest crust] 25/10/2010 00:35

Guys, surely 70p a share is based on the company value without the crippling pension contribution and pre dilution?

But if this deal as I see it goes ahead it will be no different than a d4e scenario with a funder in that they will just become the major holder at 90% of Uniq.
This in itself would be equal to a share dilution of 9 to 1 surely?
To do this they would need to do a split and create a 9 to 1 basis, therefore diluting our current holding.
So the 70p quoted as an share price must be pre dilution, or as Davius states we would have a market cap of over £700 million.
Either way, the pension fund issue does not go away just that they get a big chunk of the company, have future dividends and decision making.
So last chance saloon..
But better than going bust I guess?

HC