|500k buyer is still sitting there taking up available stock on a buy Limit Order of 0.85p.
Buyer needs only to declare their hand once the buying order is completed. It's your guess as to who the buyer is?
It looks likely that Univision UVEL is in its final throws as an LSE AIM company - on a ten month view point.
There are under 104 million shares in free issue. These appear to be gradually reducing - that's my view.
The possibility is that the AIM quote will EVENTUALLY be cancelled and the remaining shares compulsorily bought back in. This is usually done at an average share price in the last 6 months - or at the highest price paid.
Remember that SAR law applies and the UK takeover rules are therefore not applicable.|
|UniVision, the AIM quoted, Hong Kong based designer and installer of digital surveillance and integrated security systems is pleased to announce further to its announcement that of 28 June 2016 that the sale of T-Com Technology Co. Ltd ("T-Com") to Stephen Koo completed on 18 October 2016.
No further posts or header updating until December.|
|Price of Univision shares 0.775p = China Yuan Renmin 0.0655 at todays exchange rate of 8.45 Yuan to £ sterling.
Price of Univision shares 0.775p = China Yuan Renmin 0.0763 at exchange rate to £sterling of 9.85 Yuan in October 2015.|
|Price of Univision shares 0.775p = HK$0.732 at todays exchange rate of 9.4435 to £ sterling.
Price of Univision shares 0.775p = HK$0.93 at exchange rate of 12.00 to £sterling in October 2015.|
|Looking at exchange rates it looks the time to transfer a few of my US$s back to blighty. 0.745p looked cheap this morning and the £sterling is around its low point with uncertainty on the political side in United States. Added just a few UVEL to round my holding up to 4.7m shares and watching to see if friendly shareholders will unload a few.
Would not be surprised to see further small buys as it looks worthwhile to buy UVEL at a 70% discount to the offer for a 51% stake by Hai Li and Mr Xin Hai.|
|-- Proposed final dividend HK0.41 cents (approx. 0.041 pence) per share. At a middle price of 0.725p the yield on UVEL shares is 5.65%.
It gives an opportunity to buy shares from Hong Kong and mainland China cheaply in local currencies.|
|1 Year UK Sterling vs China Yuan Renmin (GBPCNY) Price Chart
1 Year UK Sterling vs Hong Kong Dollar (GBPHKD) Price Chart
1 Year Hong Kong Dollar vs China Yuan R (HKDCNY) Price Chart
The continuing weakness of the Great Britain Pound against the China Yuan Renbi and the Hong Kong Dollar makes Univision Engineering Limited and Leader Smart Holding Limited assets worth more in GBPs.
Univision shares are increasingly cheaper when purchased abroad from the United Kingdom.|
|Some lack of interest in Univision is due, in my opinion, to articles by 'Share Profits', that may well have damaged the company's good reputation under Chairman Stephen Koo. There was an update after the Annual Results that partly put right what had been said. Sadly by that point the damage was done. Failure to acknowledge the hiving off of 'Leader Smart' has never been apologised for as it placed the company in a more negative light. http://www.shareprophets.com/index.php?q=univision&s=search
My view is that the share price of Univision Engineering Limited would be in the range 1.4p to 1.8p had Share Profits not continued their negative articles.|
|So I guess no-one here went? I hope someone went, it would be a pity if the company felt no-one was interested.|
|zangdook et al, I'd planned to go on Monday though it now looks doubtful as a family member has been taken seriously ill. A great shame, though Leader Smart Holding Limited still has the Arbitration Commission decision to be made yet. These, from previous experience, take an average of 3 years and 4 months to conclude and proceedings remain secret - so no chance of getting an insight into what is going on.
On Univision, there remains a big difference between the current AIM share price and recent offers for part of Mr Stephen Koo's share holding in the company. Nan Ning Hai Li and Mr Zin Hai hold, together, a controlling interest in Univision sometime in the next 11 months. Something to look forward to maybe or maybe not, as far as AIM shareholders are concerned.
I've no doubt all the recent moves will eventually culminate in a much better set up Univision in Hong Kong and perhaps mainland China. Will this lead to a market quotation in Hong Kong as an additional market quote or a cancellation of the AIM market quotation?|
|Unfortunately I can't make it to London on the 26th. Is anyone here going?|
Stephen Koo, Chairman of the Company, and Nick Lyth, NED, will have an informal meeting at Inn of Court, 18 Holborn, London EC1N 2LE on MONDAY, 26th September 2016 starting from 2:30 p.m. Stephen will take the opportunity to meet the shareholders in U.K. He will also be able to answer questions that you may have about the business.
|On the chart the WMA50 crossed the WMA200 on 15th September to form a golden cross.
|Posted on the UVEL website: S Koo will be in London on September 26 and has made an open invitation to shareholders to join him for an informal meeting
|I was quite surprised to see Derun International Group and Beijing Hang Tian walk away so quietly. Particularly as the latter is a State controlled enterprise. This has set me wondering... I Have some Jigsaw pieces but not sure how they fit together yet.|
|Header updated from today's RNS.|
|I rather wish I'd topped up while the price was under 0.5p. To be honest I haven't been paying as much attention to UVEL since LSH was hived off as that was where I saw the big discrepancy between share price and asset value, but this is still worth following.|
|Well, the original buyer returned with a MOU at 40.8mRMB ( £4.5m at 8.92RMB to £1 sterling) for Chairman Stephen Koo's 51% of UVEL.. Equates to 2.33p per share.
|Increased holding to a tad over 4.5m shares. As per usual I've failed to second guess Chairman Stephen Koo.
Header updated to recent events - enjoy the ride.
Probably fair value at 1p and up to 2.2p if a buyer arrives, or one moves back in.|
|UniVision Profit Rises On Higher Construction Contract Revenue
|UniVision Engineering Ltd Final Results
-- Turnover from continuing operations increased by 5.2% to GBP3.87m (2015: GBP3.68m);
-- Gross profit margin for continuing operations increased to 32% (2015: 29%);
-- Current ratio for continuing operations remained at 1.8 (2015: 1.8);
-- Profit before income tax from continuing operations was GBP138K (2015: GBP33K).
-- Loss from discontinued operations attributable to Equity shareholders was GBP250K, and
-- Proposed final dividend HK0.41 cents (approx. 0.037 pence) per share.
[ At a closing price of 0.45p the yield on UVEL stock is 8.22%]
Ex date 15 September 2016
Record date 16 September 2016
Payment date 10 October 2016
AGM 30th September 2016 in Hong Kong.
Turnover for continuing operations in the year increased by 5.2% to GBP3.87m (2015: GBP3.68m). This increase was mainly due to the significant growth in construction contracts which grew by a remarkable 37.8%. The increased income from construction contract income was offset to some extent by a decrease in maintenance income.
Looking forward, the Board expects the large infrastructure projects and the line extension of the MTR Corporation Limited ("MTRC") in Hong Kong to provide the Company with opportunities for business growth in the coming years and given the Board's confidence in the future, it is declaring an increased final dividend of 0.41 HK cents (gross) per share for the financial year ended 31 March, 2016 (2015: 0.39 HK cents)
Maintained a cash balance of GBP0.65m at the year end. The Directors attribute this to close monitoring and effective control of working capital. The group as a whole had cash and cash equivalents at 31 March 2016 of GBP0.95m (31 March 2015: GBP1.2m).
High demand for the IP cameras is expected because the total cost of operations is lower than with analogue cameras. Besides, IP cameras are more flexible and secure than analogue cameras.|
|UNIVISION AND CHAIRMAN TO CONTEST LEGAL PROCEEDINGS OVER SHARE DEAL
|Increased holding in UVEL to 4.3 million shares ( 4.13% of free float) after purchase of 200k shares at 0.5p a share. Limping back towards my highest holding of 6.1m. (A and C Webb hold 23,610,000 shares - 22.7% of free float)
I have faith in the company Chairman pulling everything off in the end. Arbitrations are a painfully slow process and an added court case an annoyance. It takes a strong minded person to continue as he has over very many years.|
|Court cases are always frustrating and time consuming. Efforts to relieve Univision from responsibility, in a separate transaction not directly involving the company, should be applauded.
The Annual Report should be available during August or by the very latest, 30th September 2016.
Univision are removed from responsibility over Leader Smart Engineering Shanghai Limited and soon, T-Com. This will leave the company strongly placed in Hong Kong.
The more recent offers to purchase part of Chairman Stephen Koo's holding in Univision are gradually moving to a final move. The offer values Univision at a realistic 2.4p to 2.6p a share.|