Universe Group (#UNG) wins major new contract with Conviviality Retail
- 2015-10-01 23:10:35
UK 07:28 Wednesday, 28 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Developer and supplier of point of sale, payment and loyalty systems, Universe Group (UNG) has announced results for the 2014 calendar year and that “we look forward to 2015 and beyond with confidence”. The following updates post a chat with Chairman Robert Goddard and CEO Jeremy Lewis.
Investment Case: September-announced interim results from Universe Group plc (UNG) saw the company report “delays in getting customer go-ahead for planned projects… (but) significant progress in establishing our refreshed product set in our chosen markets… We look forward to strong trading in the second half of the year”. The shares subsequently fell towards 5p having been 7.5p early in the year. However, there is clear evidence that trading momentum has indeed since been positive and with the shares still now available at a 7.5p offer price, they are a penny share buy.
Shares in point of sale, payment and loyalty systems developer Universe Group (UNG) are currently one of the biggest risers today – up more than 11.5%, to 7.25p, on the back of an announcement of “a significant extension” of its existing contract with UK supermarket chain Morrisons. The following reviews the significance of this contract news.
Point of sale, payment and on-line loyalty systems developer Universe Group (UNG) has announced results for a first six months of 2014 “characterised by delays in getting customer go-ahead for planned projects” but added that “the product roll-outs expected in the first half of the year are now being delivered and that we have several significant software and services projects completing before the year end”. With the shares remaining stable at around 5.75p, the following updates.
Developer and supplier of payment and on-line loyalty systems, Universe Group (UNG) has announced it has appointed a new CEO with effect from 23rd September to succeed Stephen McLeod who is departing at the end of that month “to pursue other projects with the company’s best wishes and gratitude for his leadership over the past two years”...
AIM-listed developer and supplier of payment and loyalty systems, Universe Group (UNG) has announced an acquisition it expects to be immediately earnings-enhancing.
