UNIQ

UNIQ (UNIQ) 76p

As predicted by Shares (24 July) disappointing interims put further pressure on the shares, which have plunged 16% since our ‘sell’ rating at 90p. Losses in Germany and Holland and the ongoing woes of its major customer, Marks & Spencer (MKS), remain heavy burdens. Analysts believe the company may only break even this year. There was again no interim dividend and Uniq remains an unloved company in an unfashionable sector. Continue to sell, with a revised stop loss of 91.2p.