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Universe Group – Speculative Recovery Buy?

Tom Winnifrith
Wednesday 10 October 2012

Universe Group (LSE: UNG), a developer and supplier of payment and on-line loyalty systems, is a long-running, and long-running disappointment of a, recommendation from my past. I apologise to those who have lost money in the shares over the years due to me. Management cocked up and I should have bailed years ago, having tipped the shares at 41p in 2001. I got it wrong and am sorry for that. However, the shares have recovered from lows of 1.25p at the start of this year to a current 2.75p (capitalising the company at £5.2 million). Could there be further recovery ahead? An analysis of the company’s results and statement for the first half of 2012, released last month, suggests there could be and this is why…

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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