Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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