|Haven't been in UVEL in a long time but now starting to look a lot better.
If this were a UK company price would be higher and closer to 2p when shares are sold. As this is a Chinese company I would say it will be closer to 1.2p when shares are sold IMHO|
|UniVision, the AIM quoted Hong Kong based designer and installer of digital surveillance and integrated security systems, announces that it was notified by Andrew & Caroline Wells yesterday that they purchased 1,200,000 ordinary shares at 0.64 pence each per share on 21 December 2016. Following the share purchase, Andrew & Caroline Wells collectively hold 28,000,000 ordinary shares representing 7.30% of the ordinary share capital of the Company. [26.93% of shares in public hands]|
|Looking cheap despite uncertainties over Chinese mainland buyers taking a 41% and 10% stake by August 2017. HK$ very strong around HK$9.5 to £1 sterling. No further distractions with Taiwan investment sold and properties hived off into private company Leader Smart Holding Limited LSH.|
|Available to purchase at just 0.6p a share this morning. Offer for the Chairman's 51% of Univision equates to 2.42451p a share at 8.6RMB to £1 sterling.
This is a discount of 75.2%.
A share for the patient.|
|Looks generally encouraging for the rest of the trading year to March 31st 2017:
|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