The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Agreed there will be a bigger market cap, but what about the increased number of shares? I had the letter come through and it seems rather confusing!
But isnt the 50p price based on a share consolidation?
So looking at the reports, the sp should hit 50p following the pensions sign off.
Newco A critical part of the Restructuring is that a newly incorporated non-Group company, Newco, has become an employer under the Pension Scheme so that it can assume responsibility for the defined benefit liabilities of the existing employers (being the Company, Uniq Holdings and UPF) under the defined benefit section of the Pension Scheme. Newco will own 90.2 per cent. of the Uniq Shares following the Scheme becoming effective and the Trustee will be the primary creditor of Newco. The Scheme The Scheme involves a number of steps but, in summary, it involves a subdivision of Uniq Shares held by existing Shareholders, a bonus issue of Uniq Shares to the existing Shareholders, the cancellation of most of the shares held by existing Shareholders and the issue of new shares in the Company to Newco. The effect will be that Newco will hold 90.2 per cent. of the share capital of the Company and existing Shareholders will hold 9.8 per cent. of the share capital of the Company. Full details of the Scheme are set out in the Circular. Summary proposed timetable Shareholder and Court meetings - 25 February 2011 Uniq Shares suspended from trading - 17 March 2011 Capital reorganisation effective - 18 March 2011 Admission to AIM - 1 April 2011
Ok so the so is up on no buys/sells and isnt showing on the top risers board either, whats that all about?
http://www.investegate.co.uk/Article.aspx?id=201102111213150982B After that bad result id expect a further drop to 10-15p next week!
Come on surely we are due news soon?!
Nicely put! im banking on favourbale pension terms but not holding my breath! im stuck here with my shares pending any developments, 31st march or whenever that may be!
Missed the rns, very positive all round!
Another tick up in sp, is news expected soon?
Maybe, its a risky bet with the pension 90% split, not sure where the sp will head if that deal is signed.
Well the sp has steadily risen all week so something must be brewing.
I expected a rise in sp today on the back on pretty positive news, especially as sales are up.
Another nice tick up, maybe an RNS soon on updated figures?
Im this is just the start of the upward trend, these were once tipped for 30p plus, ive still got a 24p average so il be around for a while yet!
Seems to be some upward movement in the sp, roll on roll on!
added in placing? are u mad!!!
same here, only need about £1.30 to b/e!
I agree that uniq have sorted themselves out by focussing on the uk market only and the contract with M&S is very lucrative. The biggest concern is the pension business, if they regulator do except the latest proposal, the pension trustees will own a substantial percentage of the company. What impact will that have on us shareholders and more importantly the sp.
No chance of b/e? whys that?