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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Univision Engineering Limited | UVEL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.15 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.15 | 0.15 |
| Industry Sector |
|---|
| ELECTRONIC & ELECTRICAL EQUIPMENT |
| Top Posts |
|---|
Posted at 19/10/2023 10:03 by noirua There is a big difference between ii and HL. ii do listen and appear on the side of an investor and quite helpful even compensating freely. The reverse is the case with HL. I had considered putting a sum into one of HLs high interest accounts - after all this, I'm looking elsewhere. |
Posted at 20/5/2023 10:04 by noirua Rearranged chosen information in short form:The HK Government has announced new infrastructure projects including the new railway lines and urban development in northern territories. These projects will include a large CCTV system for safety protection. With the technical expertise and project experience in the surveillance industry, the Company has the competitive advantage to tender for these projects. As announced on 29 September 2022, the Company is in negotiations with potential investors who are looking to make a substantial investment in the Company. Our Board regards that with the support of the potential investors, the Company will strengthen its financial and technical position to meet the challenge. MTRC remains the Company's largest customer this financial year. In addition, the Electrical and Mechanical Services Department ("EMSD"), Hong Kong Police Force ("HKPC"), and Correctional Services Department ("CSD") of the Hong Kong Government are other sources of the Company's customer base. Even though the Major Contract with MTRC was terminated, other job contracts and orders are still in progress. With the competitive advantage of our project experience in CCTV and network systems, the Company will expect more new projects from MTRC. -- Administrative expenses decreased to GBP1.4 m (2021: GBP 1.73m). The decrease was caused mainly by a reduction in the number of staff. -------- [ It looks as if time will probably resolve all of Univision's financial problems and the financial backing is extremely important in any turnaround. No doubt the company realises that a substantial contract is only fine provided no further Coronavirus outbreaks occur and that risk is far too great. ] |
Posted at 20/5/2023 10:01 by noirua Precise Financial situation in short form:The Company reported a loss of GBP10,265,495 for the year ended 31 March 2022. As at 31 March 2022, the Company's equity attributable to the owners of the Company amounted to a deficit of GBP1,808,945 and its current liabilities exceeded its current assets by GBP4,030,769. The Company's bank borrowings were collateralised by its deposits placed for life insurance policies of GBP1,865,308. The Company had total unrestricted cash and bank balances of GBP2750. These conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. -- In October 2022, the Company obtained a loan facility of HK$12 million from a third party for short-term financing purposes. -- A potential investor has agreed to provide financial support to the Company to maintain its normal operation. In addition, the potential investor has provided a standby unconditional facility of HK$20 million to the Company of which the Company will be able to draw down the facility to fulfill its financial needs. -- With financial assistance from the potential investor, the Company has resumed a part of its business with the aim to attain profitable and positive cash flow operations in the coming financial year. The Company will have sufficient working capital to finance its operations and meet its financial obligations, |
Posted at 13/4/2023 17:07 by noirua It appears that Univision Engineering UVEL has until 30 April to produce an Annual Report and Half Year Report.29 September 2022 In addition, the Company announces that it is in negotiations with potential investors who are looking to make a substantial investment in the Company. Whilst these negotiations are advanced, the terms of any investment are not yet agreed and so there is no guarantee that the investment will proceed. Further announcements on this matter will be made as appropriate. I understand that if anyone wants to know more they should speak directly to the company's Chairman: As to why no further announcement has been made. |
Posted at 29/9/2022 12:20 by noirua The market cap is just GB£1.15m or HK$9.83m at 0.3p a share - at the bid price of 0.2p just £766k or HK$6.553m.The danger is that the shares do not return to quotation on AIM as UniVision expects at this point. That would only be due to failure to reach an agreement with 'potential investors' or a conclusion that it appears unlikely. It does look as if a potential investor would be a company that could in itself offer the increased potential to UniVision and an advantage to itself likewise. The ideal situation. Otherwise, UniVision will find it difficult to take on new contracts. Buying say 300 million shares on the market would cost way more than 0.4p a share the present offer price. So I doubt anyone will make the slightest attempt to do this. So any agreement is likely to be difficult. Monday 3 October leaves just to the close on Friday for investors to make a decision on which way to go on this. If there is a lot of selling then 0.2p will not stand for long - on the other hand, many may prefer to gamble on this. |
Posted at 29/9/2022 11:39 by noirua Publication of Annual Report and Accounts delayedUniVision (AIM: UVEL), announces that it needs more time to complete its audit and will have to delay the announcement of its results for the year ended 31 March 2022 and the publication of its Annual Report and Accounts for the same period. The Company, together with its auditors, need further time to assess the effects of the termination of its long-term major contract with MTR Corporation Ltd, which was announced by the Company in June 2022, together with the up-to-date position with regard to previously announced legal disputes including the winding-up petition and counter claims first announced on 4 January 2022, and now due to be heard by the court on 18 October 2022. Whilst the termination of the MTRC contract occurred after the year-end, the certification of work completed, invoicing, and approval for work completed prior to the year-end, which would normally take some months to finalise in the normal course of events, is taking longer given the termination of the contract and the need for both parties to agree on a final position. Whilst there is currently no agreed position, the Directors believe that the results of this review may result in significant provisions affecting both revenue and contract debtors. In addition, the Company announces that it is in negotiations with potential investors who are looking to make a substantial investment in the Company. Whilst these negotiations are advanced, the terms of any investment are not yet agreed and so there is no guarantee that the investment will proceed. Further announcements on this matter will be made as appropriate. As a result of not being able to publish its Annual Report and Accounts by 30 September 2022 in accordance with AIM Rule 19, trading in the Company's ordinary shares on AIM will be suspended from 7.30 am on Monday 3 October 2022. The Company aims to complete its audit and publish its annual report within a matter of weeks of this announcement, post which trading in the Company's ordinary shares is expected to recommence. Further updates will be made in due course. |
Posted at 06/6/2022 16:48 by noirua You're right. My present smallholding is just 480,000 shares and I promise not to sell. This indicates the MMs hold little stock though small investors have about 150 million shares. Probably difficult to sell in quantity or to buy. |
Posted at 06/9/2021 20:48 by belfry17 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. |
Posted at 24/12/2020 15:04 by belfry17 It seems you two might know more than the average investor here - please would you summarise you mr views on the prospects here? Many thanks |
Posted at 21/12/2020 16:35 by noirua The present situation is similar to what it was in 2011 regarding the share price. Investors about then who came in in 2006 saw a share price over 5p reduce to as low as 0.25p. Few stayed on for the rise in 2017.Events have made it difficult and two where the Chairman was due to reduce his holding and mainland Chinese companies were to come on board failed to workout. Some confidence has lapsed both in Univision and the company's Chairman. The LSH events and Arbitration proceedings have raised doubt all around. Hopefully, the next results will turn the corner. |
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