Univision Engineering Share Discussion Threads

[noirua] 30/11/2014 20:56

UNIVISION ENGINEERING LTD (UVEL:London Stock Exchange): Financial Statements - Businessweek


Year over year [to Mar 31st 2014], UniVision Engineering Limited has been able to grow revenues from 7.3M GBP to 8.9M GBP. Most impressively, the company has been able to reduce the percentage of sales devoted to selling, general and administrative costs from 24.65% to 20.42%. This was a driver that led to a bottom line growth from 92.1K GBP to 2.8M GBP.

[noirua] 25/11/2014 22:06

Everything about the company is contained here:

[loadsamonay] 25/11/2014 17:09

good work. This investment feels speculative to me, but worth the punt. Underpinned by existing business. I'd like to know more about that business - who the customers are etc etc. I wish the company would publish a presentation telling us all about it.

[noirua] 25/11/2014 16:48

Trading today showed how little stock the MMs have. Added a few to bring my holding back up to 3.92m shares. Had great difficulty buying shares whilst queuing in the local supermarket.

[noirua] 23/11/2014 13:25

Welcome!
Eurasia Arbitration Journal is designed to encourage interest in all matters relating to international arbitration, with an emphasis on practice related to Eurasia region. In addition to traditional questions of legal interest related to international arbitration, this journal is dedicated to matters of theory and issues arising from the relationship of international arbitration to other disciplines. Eurasia Arbitration Journal will seek to facilitate fruitful discussion and critical input on nascent ideas and projects to the benefit of both authors and readers so to combine academic discussion with professional relevance. Therefore, readers are encouraged to treat this site as interactive and to submit their publications or notes which will be made available to readers of this site.

[noirua] 22/11/2014 14:22

Ref #7118 - The amount due to Univision, as per the agreement in June 2012, is £10.93m after deducting deposit. (9.6 Yuan to £1)
Univision paid Hua Xin 67m RMB for the mall (£6.98m) - profit shown is £4m approximately if transaction is completed at June 2012 agreed price.
Shown in Annual Accounts 2013, page 69, as mall valued at £31m.

Hua Xin, are expected to pay cash and assets for the 51% of the mall worth £15.81m (fair value at March 2013). The assets are worth 4.2p a share.

In connection with the Zhongshan shopping mall project (the “Zhongshan Project”), the Group is secured by certain beneficial interest in the Zhongshan Project on a recourse basis. At 31 March 2013, the fair market value of the Zhongshan Project amounted to £ 31 million, based on the appraisal report issued by an independent valuer. At 31 March 2013, the Company expects their interest in Zhongshan Project to be transferred to a committed purchaser at the consideration of RMB110million (approximately £11 million), together with the contingent liability under the financial guarantee, in the next twelve months. Hence, no additional provision of financial guarantee liabilities is required and the provision is expected to be reversed upon the subsequent sale of the Zhongshan Project.

[noirua] 22/11/2014 12:03

The 2015 CIETAC Arbitration Rules Unveiled

CIETAC, in an effort to adapt to the newest development in international arbitration practice and to better accommodate the needs of the parties, has revised its 2012 Arbitration Rules. The new Arbitration Rules, passed by the Chairmen’s meeting in September 26, 2014 and adopted by the China Council for the Promotion of International Trade/China Chamber of International Commerce on November 4, 2014, will come into effect as of January 1, 2015. Please click here to learn more.

[noirua] 21/11/2014 23:41

Dollar Sinks Against Commodity Currencies on China Rate Cut
On Friday, the People's Bank of China cut its one-year benchmark lending rate by 0.4 percentage point to 5.6%. The central bank also lowered the guideline deposit rates and gave Chinese banks greater flexibility in setting rates they offer to savers.

[noirua] 20/11/2014 00:07

Unfortunately I remember the same discussion 1 year ago and Univision still wait in a situation that is not their fault.

Hopefully UVEL will receive their 105mRMB (£10.93m - 9.6 Yuan to pound (5m RMB paid as deposit)). Any extras for property price increases in the last 2.5 years can be seen as an extra bonus. [Updated valuation in 2013 at £30m or 280mRMB - UVEL value after deducting deposit is £14m]

The board of directors may well consider restoring the dividend to the 2013 level and if the company gets extra for property price increases there could be a small extra bonus dividend, hopefully.

updated 14:10 GMT 22nd November 2014. Value in HK$s is more important as the company is based there.


UniVision, the AIM quoted, Hong Kong based designer and installer of digital surveillance and integrated security systems has a 51% stake in the Zhongshan Shopping Mall (the"Mall"). UniVision entered into an agreement with Guangzhou Hua Xin Trading Company Ltd ("Hua Xin") on 22 June 2012 to sell this stake to them for a total consideration of RMB 110m.

[sweepie2] 17/11/2014 22:49

Surely can't be long now, I expect news in the next two weeks

[noirua] 17/11/2014 10:17

Wanting 0.825p for 200k shares, very wide REAL spread of 16.2% - stopping trading of UVEL.

[noirua] 17/11/2014 09:56

Australia/China Free-Trade Pact:

[noirua] 13/11/2014 15:38

Zhongshan (Chinese: 中山), previously known as Xiangshan (香山), is a prefecture-level city in the south of the Pearl River Delta in Guangdong province, China.



www.ZhongShan.gov.cn (Chinese)

[noirua] 13/11/2014 11:35

MMs continue to be a big problem, offer 0.841 for small trades and sell at 0.71p gives an actual spread of 18.45% - an unacceptable face of MM'ism. They are putting off buyers, I doubt deliberately, as it does not compare to the ASX spread of zero.
In 2002 the ASX put the MMs out to grass...

[noirua] 11/11/2014 22:36

Capital-Gains Tax Is a Puzzle as Shanghai Market Opens

[noirua] 10/11/2014 09:45

China Opens Doors to Foreign Investment in Stocks
Posted on 10 November 2014 9:05 | DOW JONES INSTITUTIONAL NEWS

[biglosses] 07/11/2014 00:58

Zhongshan is in Guangdong province China. It's a separate city to Macau but is relatively close. I don't think it's close enough to be part of the 'greater' Macau area.

[loadsamonay] 05/11/2014 12:55

Is it in Macau? I thought it was in China proper..?

[noirua] 04/11/2014 20:54

Hua Xin are a conglomerate with fingers in very many pies. They want total control of the Zhongshan mall which is in a vastly important and expanding area of Macau.
zangdook I appreciate knows more from experience and if the words used are 'valuable piece of real estate', then I accept it is.

[sweepie2] 03/11/2014 15:42

Nice confidence on a down day with no news to shore up the price 300,000@ .80p

[zangdook] 31/10/2014 11:19

It's a valuable piece of real estate, but it's not finished.

[loadsamonay] 31/10/2014 11:01

Well something should come out of it. What I don't know though, is given that the shopping centre is not open for business, how useful it really is. Impossible to tell really without visiting it. But it seems to have some value as the companies are fighting over it in arbitration! If it was worth nothing, I should think they wouldn't bother.

[noirua] 30/10/2014 17:10

The original offer for the mall was 110m RMB plus Hua Xin would pay off the loan of $3.95m. The loan is now forgiven.
At today's exchange rates that is £11.25m + £2.5m = £13.75m. Increased to £15.35m on the March 2013 valuation. Property prices have been weak this year in China so the figures have only risen a small amount since March 2013.
There is a 5m RMB deposit already paid.
UVEL and OXS are possibly the cheapest stocks on AIM - but speculative.