1. Half-year results and dividend: We largely know the half year results due to Jan announcement. The big one is the dividend: - have to think it will be increased dividend given earnings (1.25c, 1.5c, 1.75c - we will find out by Thur at latest); - maybe upgraded earning forecast for the year (current forecast looks conservative and in-line with the way management operate) The above should underpin a share price north of 30c if dividend is at 1.5c or greater and will put current offer in shade
2. Takeover: I think we either see an improved offer this week or kill the offer. If they can't get it together by Thursday let's stop wasting time on it. UNV has definitely attracted second (or third) tier bidders over the years. If this falls over then next time no financing upfront no engagement would be my sentiment.
Hopefully, Tony delivers an increased dividend and we are indifferent to the takeover as either option is a good one. Be an interesting week either way.....
UNV Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
