Univision Engineering Share Discussion Threads

[noirua] 27/3/2015 10:49

The Zhongshan Mall has risen in value by 16% since July 14, in sterling terms.

[noirua] 25/3/2015 18:46

The Guangzhou Arbitration Commission are certainly taking their time on the decision on 49% of the Zhongshan Mall. Arbitration Commissions are always slow and the longest took 10.5 years and noted for saying very little and no guidance on how long to go.
Unfortunately outside interests rarely get guesses right, noting Oxus Gold v Uzbekistan said decision in 2014 and still waiting. Shaft Sinkers Limited went bust after waiting over two years and weighed down by legal costs. At least Oxus has 'no win no fee' lawyers working on their behalf. White Energy started in 2011 and their case was held up by law courts in Australia and result expected in 2016/2017.

At least Univision have plans to hive off Leader Smart to shareholders. No doubt there are difficult hurdles to undertake, making it by no means certain. The company Chairman seems to have everything in hand and if it is possible he will no doubt achieve it.

Boredom is a main factor here for investors and especially for those who have held since the early days when Univision joined AIM. 2015 does look like the year when everything sorts itself out and Univision continue without the encumbrance of Leader Smart Limited. Reducing costs and not having directors side-tracked by property concerns in mainland China.

Whatever the outcome in Guangzhou the shares remain with little value for the Zhongshan Mall asset.

Not advice, but, I will be holding on and keeping my present holding or building on it - Good fortune and all the best to those at Univision and all shareholders, 'chin up' as they say, 'it will all come out in the wash'.

[noirua] 19/3/2015 11:31

Increased holding to just over 5.8 million shares (5.6% of free float).

[noirua] 16/3/2015 14:35

Increased holding to 5.7 million shares (5.48% of free float shares).

[noirua] 16/3/2015 13:04

Share price is gradually being squeezed with lack of stock. Coming news on hiving off of Leader Smart and Guangzhou Arbitration Commission decision - year end is 31st March 2015.
Leader Smart value is officially £12.5m and £13.5m at present exchange rates. Possible value of £15.35m on mall revaluation. [3p to 3.68p a share].
It is difficult to understand why the share price remains stubbornly below 2p.

[noirua] 13/3/2015 15:34

Increased holding to 5.6 million shares (5.385% free traded) - only 400k to go.
Andrew & Caroline Wells 15,870,000 (15.263% free traded).
Stephen Koo, Chairman, and associated companies, holds 279,703,700 shares (72.905% of shares in issue)

Company website

Number of AIM securities in issue: 383,677,323
Percentage free float: 27.094% [103,973,623 shares]
Percentage of shares not held in public hands: 72.906% [279,703,700 shares]
Number of shares held in treasury: 0


News:

[bernieboy] 10/3/2015 11:16

Stig - what are you on?

[noirua] 10/3/2015 10:26

Increased holding to 5.5m shares (1.42% and 5.288% free traded) - target still 6m shares but accept I am running out of time.
My valuation is 0.5p for UVEL and 3.5p for Leader Smart = 4p a share or a range between 3p - 5.5p depending on a future valuation of the mall and the other two parties personal Arbitration.

[noirua] 09/3/2015 09:44

I will try to add a clearer explanation to information, many of the old hands here automatically know what the post means, referring to the obvious past, I forget at times that this is a quite complex share that newcomers may not understand.

[noirua] 08/3/2015 21:06

lazygun, fair enough; I should have made that clearer.

Hong Kong capital gains tax rates, and property income tax


No capital gains tax exists in Hong Kong.

Hopefully the hiving off to shareholders of Leader Smart Engineering via Leader Smart Holding Company, Hong Kong, will go ahead.
The companies valuation was £12.5m and stands at £13.5m presently due to exchange rate movements - about 3.5p a share.

[lazygun] 08/3/2015 14:36

not really an update - it's well over a year old!

[noirua] 07/3/2015 17:18

Just a reminder on this quite long running Arbitration:
Update on Arbitration Process - London Stock Exchange

[noirua] 06/3/2015 17:38

Chinese New Year Calendar

[noirua] 05/3/2015 20:47

BernieBoy, moves are sudden, as with Oxus Gold that traded between 1.8p and 2.4p for years and then recently jumped close to 5p and trades around 4.2p at present - they are in Arbitration though I realise Uzbekistan and China are quite different.

[bernieboy] 05/3/2015 19:38

Noirua - re post 60 - now I understand what you were trying to say! Regarding post 63 do you see us getting up to 2p soon with no further news? What do you think will drive that short term? We seem to have been down here for such a long time with no end in sight! Or do you mean that you think fair price right now is about 2p considering the unknowns with mall and Leader Smart.....

[noirua] 05/3/2015 16:34

The mall valuation is worth 3.5p per share or more if the £30m valuation in 2014 is taken into account. Univision has a probable value, without Leader Smart, of 0.4p to 0.6p a share.
Providing everyone holds their shares we should see a rise up to 2p quite quickly - before further announcements.

[noirua] 05/3/2015 15:51

I have updated the post; I new what I mean't but on re-reading, that wasn't quite so. Stephen Koo has 72.9% and one other director 750k shares.
UniVision Engineering Limited - Share Information



Number of AIM securities in issue: 383,677,323
Percentage free float: 27.1% - 103,973,623
Percentage of shares not held in public hands: 72.9% - 279,703,700
Andrew & Caroline Wells - 15,870,000 - 4.1% - 15.2636% of free float.

[bernieboy] 05/3/2015 15:45

Noirua is it only 5.14% not held by directors? I know Steven Koo has 70 something - what is the rest? Surely must be bigger free float than 5%?

[noirua] 05/3/2015 13:13

Just added a few shares to round up to 5.4 million (1.4%) ( makes 5.4103% of free float). Hopefully still some time left to add more later; crossing fingers.

[noirua] 03/3/2015 17:08

Material value locked in value of Zhongshan shopping Mall In 2008 Univision’s E&M business initiated work on the Zhongshan shopping mall in mainland China. In return for the Univision’s contribution the company now has a right to a 51% interest in the development. Univision’s stake was independently valued in May 2011 at RMB129m (£13m, HK$164m) or 3.4p per share. The shopping mall is unfinished and hence realisation of this value is not straightforward. Nevertheless realisation of some or part of this would clearly have a material impact on UNV’s net asset value.
[this from an evaluation by Allenby in 2011]

March 3 2015 is 9.65 RMB to £ sterling, so 129mRMB = £13.36m.

Valuations have changed

Last valuation of Leader Smart Holdings in December 2014 was HK$160.1m = £13.56m [exchange rate 11.8HK$ to £sterling on March 3rd 2015], or 3.51p per UVEL share.

[noirua] 22/2/2015 18:33

Thursday Updates: ETFS Leveraged WTI Crude Oil ETC , Baron Oil PLC , Univision Engineering Ltd | Winston View


Univision Engineering Ltd (LON:UVEL) gained 0.05 points to close 5.4050% higher. The session began with the first transaction at 0.925 and the price swung wildly to hit a low of 0.997 and a high of 0.999. Finally, the stock closed at 0.999 with 182,663 shares exchanging hands. The previous close of the share price is 0.925. Among the major technical levels are the cluster of moving averages, the 30-day simple moving average of 0.89 and the 60-day simple moving average of 0.85. Closing and sustaining above the mentioned averages could lead to a swift jump in the share price.

[noirua] 20/2/2015 11:24

Trading sell at 0.911p and buy at 1.022P - 12% real spread.