Universe Share Discussion Threads

[tsmith2] 25/4/2007 15:18

good stuff

thank you viewtoakill

thats how danski. lol

[tsmith2] 25/4/2007 15:16

how do u danski?

[viewtoakill] 25/4/2007 15:16

TW has posted an update. I can't cut and paste the material as it's not right. Quite simply put, TW is pleased with the companies progress and still rates it a cracking buy on nearly 3 times 2008 earnings.

[danski] 25/4/2007 15:13

think we will be hearing from TW shortly....

[tsmith2] 25/4/2007 15:11

ducatiman - thanks for your email, I have replied back. :)

[danski] 25/4/2007 14:49

he's been too busy issuing a self-applauding note on kenmare, who to be fair have produced some news today. ung haven't. but given the drop, that is preceisely why he needs to come out and tell us his view... imho

[tsmith2] 25/4/2007 14:44

L2 anyone

TW update?

TIA

[ducatiman] 25/4/2007 14:04

glad i topped up in gpc too!

[danski] 25/4/2007 13:53

have to say, i think it's brought out a lot of confirmed holders who like you and i have topped up.

[ducatiman] 25/4/2007 13:52

mms moving up, now 2bid 1 offered, wonder if an overhang has been shifted

[johne1] 25/4/2007 13:21

Thanks danski

[danski] 25/4/2007 13:20

John

In a word... yes... I believe so. See below:

Universe Group PLC, ("Universe" or "the Company"), the retail and loyalty
systems company, is pleased to announce that at the Company's Extraordinary
General Meeting, held earlier today, all of the resolutions, which relate to the
proposed placing of 42,857,143 new ordinary shares at 7.0p per share to raise
#3.0 million before expenses (the "Placing"), were duly passed.

The new ordinary shares are expected to be admitted to trading on AIM with
effect from 8.00 am on 23 April 2007.

[tsmith2] 25/4/2007 13:19

I would be grateful if any t1ps subscribers would relay TW's thoughts on this when they go up on the website.

[johne1] 25/4/2007 13:16

danski, to save a lot of reading, has UNG made that 3 million placing yet?

[howdlep] 25/4/2007 13:12

one for the sipp and trading accounts.

[danski] 25/4/2007 13:12

And here is the update from last month again. I think the last three paragraphs are worth redigesting in particular...

AIM-quoted Universe Group PLC swung to a full-year pretax
loss held back by its HTEC unit, but said it is undertaking a major financial
restructuring including raising 3.0 mln stg in a share placing and agreeing a
new 1.5 mln stg bank facility.
The retail and information systems firm reported a full-year pretax loss of
3.51 mln stg compared with a profit of 980,000 stg in 2005, as revenues dropped
to 11.35 mln stg from 15.67 mln stg.
The company placed 42.86 mln shares at 7 pence each with institutional and
other investors and said the funds will be used to reduce and restructure its
current debt facilities and provide working capital.
It has also agreed to a new arrangement with Bank of Scotland including a
100,000 stg overdraft facility and a rescheduled term loan of 1.4 mln stg,
Universe Group said in a statement.
On HTEC, the company said cash restraints have undoubtedly held it back but
it is confident that its operating subsidiary will resume momentum in 2007,
adding that the unit has already won a significant contract to supply software
and services to petrol retailing outlets from a major oil company.
Commenting on expressions of interest received from a number of third
parties relating to a potential acquisition of the company, or the business of
of HTEC, Universe Group said it will not pursue any discussions as it believes
that "future prospects are encouraging and that value can best be delivered as
an independent business".
On 2007, chairman John Scholes said the company has put into place a "sound"
basis from which to build the business anew giving it optimism for the current
year.

[danski] 25/4/2007 13:11

to refresh your memories, just 5 days ago the company said its "short-term business environment is favourable"

Not exactly earthshattering, but equally you would not go out of your way to say that if you were expecting something unpleasant around the corner that was likely to reduce the value of your company by 15% or more!

[danski] 25/4/2007 13:03

for those who believe in the significance of such indicators, it has been looking pretty oversold on the RSI... below 30...

[ducatiman] 25/4/2007 13:02

tsmith, you have a response, good luck.

[tsmith2] 25/4/2007 12:50

ducati u have mail - TIA

delayed buys now coming through

[danski] 25/4/2007 12:48

many thanks. appreciated

[ducatiman] 25/4/2007 12:42

danski, do not want to put their details up here but if you email me I will give you their details. By the way they also got me the stock t20. I will delete this address once you have contacted me. hope this helps you. duc

[danski] 25/4/2007 12:42

i'm sure he doesn't need me to request it. he is normally pretty proactive...


ducati - indeed. the company stated, when its share price was higher than this - that it had had several approaches for the company but rebuffed them due to the company's poor share price performance. but soon they may find that their hand is forced...

[tsmith2] 25/4/2007 12:39

tsmith2 - 25 Apr'07 - 12:36 - 150 of 154 edit


danski - Have you requested TW do an update?