Univision Engineering Share Discussion Threads

[noirua] 07/9/2021 23:36

Simplywallstreet gives the short-term loan situation at UVEL as £7.36 million and the long term at £415k.
Simply Wall Street's latest Assessment of Univision Engineering Limited


Part of this loan was provided by the company's Chairman Stephen Koo.

[dave4545] 07/9/2021 08:12

I reduced by 300k at the open, seeing as Wins opened at 1.2p

Results were not poor but were not exciting either.

I'll leave the rest now and hope a contract Rns gets a spike out of them and I can reduce or sell the rest for perhaps 1.5p

[noirua] 07/9/2021 01:25

There are outstanding loans as well as a loan provided by Chairman Stephen Koo. The possible payout on the legal matter may raise this further. The reduction in the dividend looks like a defensive move.

[knigel] 06/9/2021 21:43

There has been talk about opening up offices in other regions - which makes sense - will keep holding as the share price has seen the occasional spike on contract news - but unlikely for a while

[belfry17] 06/9/2021 20:48

I think your target price figure is actually close to 66% of the current assets less total liabilities, making it a big discount. It would likely be a great entry but the current market cap is about level with current assets less total liabilities, so already it is cheap enough for me. Obviously, the location is not that appealing to some investors. In any event, we may see another offer for the shares or a large contract soon so a spike/ re rate might not be too far away.

[noirua] 06/9/2021 17:51

This link hasn't been updated yet due to a holiday in America:

[noirua] 06/9/2021 17:46

So it looks like swings and roundabouts here for Univision's Annual Results. Therefore I retain my share price for UVEL at 0.85p.

The legal factor is worrying and many companies steer clear. I did suggest Leader Smart Holdings LSH be brought back into the fold after being hived off in 2015. Of course, there have been no announcements since 2016 (about 5 years) another worrying factor.

Generally an unhappy situation perhaps sad.

--

On the legal matter, they mention a negotiated settlement. If I read it correctly that means paying something in HK$s.

[belfry17] 06/9/2021 17:42

That was published some time ago, so you would have thought they would know a lot more about it than us, and certainly by the time the rns about the moi was published.

[noirua] 06/9/2021 17:39

This looks as if it could be the reason why Sinocloud did not complete their deal. Of course, it may be something else or a combination of factors:

As previously announced, the Company received a writ of summons (Statement of Claim), Hong Kong High Court Action No. 2090 of 2020, from the solicitors of Dimension Data China Hong Kong Limited ("Dimension Data"), the Plaintiff, on 14 December 2020 alleging breach of contract, claiming against the Company for liquidated damages for an amount of HK$10.95m plus pre-judgment and post-judgment interest and legal costs. The Company has cross-claim against Dimension Data , inter alia, for breach of contract and/or negligence and/or misrepresentation and accordingly to claim for loss and damages for the same and legal costs.

The Board does not consider that the claim has any foundation and believes that Dimension Data was in breach of protocol in the manner in which it has brought this claim. The Defence and Counterclaim were filed to the High Court on 24 February 2021. The solicitors of Dimension Data filed the Reply and Defence to Counterclaim on 28 July 2021.

Based on legal opinion, the said Action has reached the stage of close pleadings, whereas parties are expected to enter into statutory mediation in due course. Whether the parties might reach a settlement out of court would depend on the course of mediation and other factors. Up to the date of this report, no mediation between the Company and Dimension Data has been conducted.

[noirua] 06/9/2021 17:28

To reward and thank our shareholders for their support, the Board recommends the payment of a final dividend of 0.26 HK cents per share (2020: 0.55 HK cents).

A reduction of 52.7% in the dividend in HK$ terms - 59% in GB£s

However, as profits, etc., are in GB£s add 6.9%. to all sums quoted to compare to HK$s last time out.

[knigel] 06/9/2021 17:23

Let’s see if this has any effect on the share price tomorrow..

[belfry17] 06/9/2021 17:02

Results are out. A small profit, decent revenue (as expected), small dividend, improving balance sheet... I am fairly happy with that.

[knigel] 03/9/2021 15:41

I think results were 7th September last year? So maybe this time next week we will see some action lol

[dave4545] 03/9/2021 12:16

10% down on a £500 sale

About right for Uvel mm's

[dave4545] 23/8/2021 17:05

Maybe the deal was all paper so no interest to koo ?

Usual rip off day for Uvel, buyers paying 1.3p and the seller getting 1.1p

I doubt this will ever change, just a small but never ending pay day for mm's

[belfry17] 22/8/2021 20:28

Or they just couldn't agree on a few things. It is all guess work so no point in worrying about it.

[noirua] 22/8/2021 20:19

It would be interesting to know what Sinocloud Group Limited found that they did not like about Univision? It must have been something that they viewed, from their point of view, that made it not worth the price offered or something else entirely. Either way, it is worrisome.

[knigel] 21/8/2021 12:52

Not me - use to do this in my early years as I wanted an instant hit - thankfully realised in time before losing the lot - I think results are due next month??

[dave4545] 20/8/2021 12:34

And the 80k buyer at 1.22p gave it 3 hours and sold for 1.12p

Patience eh !

[dave4545] 20/8/2021 10:53

Was 1.0165-1.165p

Somebody bought £5k and paid 1.255p, could have bought a smaller amount and paid 0.1p less but people never seem to understand of realise that.

Even after the move up to 1.1-1.15p online was 1.12-1.22p until somebody took that out and now it's 1.3p mid price to buy

back to sleep

[noirua] 20/8/2021 10:48

The market spread is wide due to the MMs and the lack of trading causing them to be defensive and also enjoying a good percentage profit. The US$ has strengthened and the HK$ is tied to it and that is a plus sign for UVEL profits quoted in GB£s. The negative remains the board of directors these days where the confidence in them has declined since 2017.

Mr. Koo should come clean over LSH and sort out the disposal of his UVEL shares. Until that happens he is a negative to the company these days and that is a very sad position for an otherwise brilliant and capable person.

[knigel] 20/8/2021 08:23

A large buy this morning??

[dave4545] 10/8/2021 10:54

Not sure why that mm moved up to 1.4p offer it's still 1.17p offer online

[dave4545] 05/8/2021 20:31

Just the bear penny market

Stocks like this will not go anywhere until news now.

One person clearly behind all the sales, hitting mm for maximum online then selling the rest on the drop when mm bidding.

Still think I will get 1.5p+ for mine with some patience

[knigel] 05/8/2021 17:19

I agree... noted quite a few trades late this afternoon - hopefully there be some sort of news later this month..