The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Should help improve Profitibilty and SP.
Big contract! Universe (AIM: UNG.L), a leading developer and supplier of point of sale, payment and on-line loyalty systems, is pleased to announce a major new customer win with MRH (GB) Limited ("MRH"), the largest independent petrol retailer in the UK. MRH has selected HTEC Ltd ("HTEC"), a subsidiary of Universe, to provide a new card acceptance platform across all of its petrol forecourts in the UK. The contract, which commences immediately, is for a multi-year term, with HTEC providing ongoing maintenance and support. MRH currently owns nearly 400 filling stations, accounting for some 5% of the UK market, the majority of which are branded Esso, BP, Jet and Texaco. HTEC is supplying a solution based on its GemPAY card acceptance platform ("GemPAY"), which has been significantly enhanced over the last two years as part of a wider product upgrade programme aimed at broadening the Group's product set. This is the second major customer deployment of GemPAY this year. GemPAY is specifically configured to meet MRH's future requirements and handles fund transfer across all major credit and debit cards as well as the latest derivatives of all major UK and international loyalty and fuel cards across the brands they operate. This also includes loyalty acceptance such as Texaco Star Rewards and Tesco Clubcard. The solution is supported by HTEC's Terminal Management System ("TMS") which has been redesigned in partnership with leading fuel card suppliers and oil companies. TMS provides remote diagnostics, terminal configuration (uploads and downloads of adjustable parameters, libraries and applications), enabling maximum 'up time' for the terminal. All HTEC's products meet Payment Card Industry ("PCI") Data Security Standards. John Lynn, Managing Director of MRH, said: "We are delighted to be working with the Universe Group to deploy our new card acceptance platform in the UK. It is proving to be a fast, robust and reliable solution. In addition, Universe meets our high customer care and field support requirements and so gives us the certainty we have the market leading solution." Jeremy Lewis, CEO of Universe Group, commented: "We are very pleased that MRH has chosen us as their technology and service partner. Building on earlier roll-outs, our highly capable GemPAY card platform continues to go from strength-to-strength in the competitive payment terminal market."
Good find followed by some large buys today !
its a false spread....look at the trades.
great find this one. Yes the spread sucks but actually this looks v exciting.
about the spread
wow..under radar stock here. genereating free cash flow too...will delve a little deeper
Little tick up once again
trade...........
Not , up she goes
Brewing here I reckon DYOR
little tick up
Universe Group PLC (AIM: UNG.L), a leading developer and supplier of payment and on-line loyalty systems, is pleased to announce the appointment of Jeremy Lewis as Chief Executive Officer and director, with effect from 23rd September 2013. Jeremy succeeds Stephen McLeod, who leaves on the 30th September 2013 to pursue other projects with the Company's best wishes and gratitude for his leadership over the past two years. Jeremy Michael James Lewis, aged 50, is an experienced leader of technology companies. Following a degree in engineering from Imperial College, London, Jeremy qualified as an accountant at KPMG before embarking on a career in investment banking, latterly joining Robert Fleming as a transaction team leader in corporate finance until 1998 when he was appointed Chief Financial Officer of Eidos plc. In late 2002 Jeremy was appointed CEO and then Chairman of the advisory board of Terraplay Systems AB, an award-winning designer and marketer of mobile network optimization software. In November 2006, he co-founded Canis Capital with GP Bullhound, an organization set up to acquire technology companies in the secondary market. More recently he became CEO of Catalis SE, a quoted Dutch company that provides global outsourcing services for the digital media industry. Jeremy is currently not a director or partner in any companies or partnerships. In the previous five years he has been a director or partner of the following companies or partnerships: Canis Capital Management LLP, Catalis Development Services Limited, Catalis SE, Kuju Group SE, Testronic Laboratories SE. There are no further disclosures to be made in respect of Jeremy pursuant to Schedule 2(g) of the AIM Rules for Companies. Robert Goddard, Chairman of Universe Group commented: "Four themes run through Jeremy's career. These are company leadership, strategy implementation, M & A and technology management. These are the core skills needed by Universe as it moves forward into its next exciting stage of development. Accordingly, we are delighted to have secured Jeremy's services. It is important to put on record our thanks to Stephen McLeod, our departing CEO. Over the last two years he has transformed the Company, having swiftly rationalised the business, he created a new, more-focussed strategy and set in train the implementation of that strategy. He leaves Universe a very much stronger company. We wish him the very best in pursuing his many other interests
13 Million + in 1 purchase this morning, thats not chicken feed, certainly needs watching!
Final results for the year ended 31 December 2012 Universe Group PLC (AIM: UNG), a leading developer and supplier of payment and on-line loyalty systems, today announces its audited results for the year ended 31 December 2012. Highlights · Strong results following introduction of new management team in 2011 · Sales from continuing operations up 13% to £11.9m (2011: £10.5m) · Operating profit on continuing operations up 27% to £1.23m (2011: £0.96m)* · PBT on continuing operations up 47% to £1.01m (2011: £0.69m)* · EBITDA up 19% to £2.15 million (2011: £1.82 million)* · Statutory retained profit of £0.82 million (2011: loss of £1.03 million)** · Basic EPS from continuing operations more than doubled to 0.71p (2011: 0.30p) · Net cash inflow from operations up almost 2.5x to £2.08m (2011: £0.84m) · Equity placing at 2.3p per share raised £1.53 (net) and loan notes raised £0.2m · Net debt at 31 December 2012 almost eliminated, at £19,000 (2011: £1.76m) · Sale of Manufacturing Division in December 2012 - completed repositioning of the Group · Major investment programme commenced to refresh and enhance product offering · Solid platform established for continued progress in 2013 * From continuing operations (2011: Before exceptional costs of £0.38 million comprising restructuring costs). ** 2011 figure stated after exceptional costs of £1.64 million mainly comprising goodwill impairment of £1.23 million and restructuring costs of £0.41 million. Unless specified otherwise, all references to operating profit and profit before tax throughout this announcement exclude the current and prior year losses from discontinued operations. Robert Goddard, Chairman of Universe, commented: "These results are Universe's first full financial year of trading under the new management team and I am delighted that they show double digit growth in sales, operating profit and profit before tax from continuing operations. In addition, a successful fundraising in August strengthened the Group's balance sheet and enabled us to commence a major investment phase to develop our product offering. We are now in a transformational phase involving the acquisition and development of new products to equip the Company to better address its existing markets and move into new ones.
With the 18% now owned by VCT's this looks very interesting. Look out for derampers who now may try to get the price down. See the RNS for 1 Feb. for more info.
Directors buying + some very big buys yesterday.
Stephen McLeod, Chief Executive Officer of HTEC, said: "We are delighted that Rontec has chosen us as their service partner. We look forward to supporting one of the UK's leading independent retailers and continuing our long standing relationships with their client sites." Jan Bek, IT Manager of Rontec, said: "Ensuring our sites provide a secure payment environment for our customers is of paramount importance in the choice of partner for our future payment solution. We chose HTEC based on their experience, capabilities and reputation in the payment arena. We look forward to realising the benefits of our enhanced relationship."
Universe Group, the developer of online loyalty systems, has announced that UK fuel retailer Rontec Investments has awarded HTEC, a subsidiary of Universe, a 'Helpdesk and Field Service' contract across its retail network of more than 100 fuel sites in the UK. The company further reported that Rontec had chosen HTEC to provide its new generation of electronic funds transfer, loyalty and fuel card acceptance platform for its network solution. The development follows the consolidation of Rontec's network after the purchase of sites from Total. According to Universe Group, the solution will be based on HTEC's GemPAY payment terminal. GemPAY will handle major credit and debit cards, as well as the latest derivatives of major UK and international fuel cards, which will include Chip and PIN security.