Univision Engineering Share Discussion Threads

[noirua] 25/7/2016 13:47

Investors are in a slightly difficult quandary here with the court case outcome in Hong Kong uncertain. This looks, although I'm not in a position to know, to be holding up any finalisation of agreements with Chairman Stephen Koo in the share sale of UVEL shares to the mainland Chinese interested parties.

There was a short period of time when Univision shares could be picked up at around 0.5p. Price to buy is 0.59p up to 500k shares - maybe very cheap. The low price of UK£s make the shares extremely attractive if you see a good outcome.

[noirua] 21/7/2016 13:37

Trading has ground to a halt. This is because of the wide spread set by uninterested Market Makers. Time for UVEL to move to trading in Hong Kong or/and Australia.
There are no MMs in Australia so there is only one price.

Lackluster AIM is unattractive and vastly understates the value of Univision.

[noirua] 11/7/2016 09:49

Intraday UK£ Sterling vs Hong Kong Dollar (GBPHKD) Price Chart...

[noirua] 28/6/2016 11:27

The T-Com sale does look to be a good way to solve much that caused uncertainty for Univision going forward.
The hurdles to follow are the Hong Kong court case that is really a sale in principal and surprising it has come about.
The sale of a 41.5% stake in Univision by the company's Chairman, Mr Stephen Koo, looks to be placed in more certainty as to a conclusion of the transaction.

[noirua] 28/6/2016 11:14

The Independent Directors, being the Directors of UniVision excluding Stephen Koo who is interested in the Transaction, have consulted with ZAI Corporate Finance Limited and consider that the terms of the transaction are fair and reasonable in so far as the shareholders of UniVision are concerned.

UniVision, the AIM quoted, Hong Kong based designer and installer of digital surveillance and integrated security systems announces today that it has entered into an agreement in principle to sell its Taiwanese subsidiary T-Com Technology Co. Ltd ("T-Com") to Stephen Koo ("the Transaction") Stephen Koo is Executive Chairman of UniVision and is interested in 72.9% of its share capital.

2. The cash consideration for the transaction is HK$600,000.(Hong Kong Dollars Six Hundred Thousand) [£58,000].

UniVision currently own a 52.25% interest in T-Com and at 31.March 2016, T-com had net assets of NTD12.5m (approx. HKD3.0m) including a loan due to a minority shareholder NTD6.5m (HKD1.5m) and additional sums due to UniVision and its subsidiaries ("the Group") of NTD3.9m (HKD0.93m) [£90,000]

The Transaction will enable UniVision to avoid the future losses of the Taiwanese operations to the Group while offering it the ability to repurchase this business without loss, if a turnaround is achieved.

[ HK$10.38 to £1 used in calculation [...]]

[noirua] 27/6/2016 13:50

The value of Univision assets and dividends have risen by 12.7% in UK£ terms versus the HK$.
LSH Leader Smart Holding's assets in mainland China have risen by 11.7%. News today is also good for holders in the UK.

There are goings on both at Univision UVEL and Leader Smart LSH that are concerns for shareholders in both companies.

LSH waits for the Arbitration decision concerning the other parties 49% holding in the Zhongshan Mall and news of funding or sale of the mall following the decision.

UVEL awaits the outcome of the sale of T-Com assets in Taiwan- UVEL and LSH Chairman Mr Stephen Koo has indicated an interest.
Two parties, see header, are interested in purchasing shares from Mr Koo, in UVEL. Another party is sad at losing the opportunity of purchasing shares in UVEL [they can have mine for 2p a share] and has taken both Mr Koo and UVEL to court in Hong Kong.

[noirua] 27/6/2016 11:32

Hong Kong Dollar to UK£ sterling:


UK£ versus Renbie Yuan:

[noirua] 24/6/2016 12:58

The value of Univision assets and dividends have risen by 7.7% in UK£ terms versus the HK$. News today of Brexit is good for shareholders in the UK.
LSH Leader Smart Holding's assets in mainland China have risen by 8.3%. News today is also good for holders in the UK.

[noirua] 01/6/2016 11:57

Percentage free float: Percentage free float: 27.094% [103,973,623 shares] - Chairman Mr Stephen Koo's 4.5% holding is part of the free float.

Updates on share transactions, potential transactions and sale of T-Com

Director share holdings at January 2015:

Director Shareholding - 18/11/2015


Share transfer agreement - 14/12/2015


Agreement to sell shares - 14/1/2016


Holdings in company - 22/01/2016


Update on agreement to sell shares owned by Stephen Koo - 23/2/2016


Proposed Sale of Interest in T-Com - 31/3/2016


Further Update Re Potential claim against Mr Stephen Koo and UniVision - 24/4/2016

[noirua] 31/5/2016 15:41

Trading problems at T-Com have been well published and plans to sell the 52% owned subsidiary are well in place. Mr Stephen Koo has indicated an interest.

Not good news but these problems should be out of the way once T-Com is disposed of.

[noirua] 31/5/2016 13:57

UniVision currently own a 52.25% interest in T-Com Technology Co. Ltd (T-Com), its Taiwanese subsidiary.
Per the announcement dated on 3 December 2015, T-Com recorded an operating loss for the six months ended 30 September 2015.
As the operations and trading results have continued to deteriorate in the second half year (i.e. October 2015 to March 2016), T-Com recorded a substantial operating loss TW$25.5m (approx. HK$6.2m)[GB£545k] for the financial year ended 31 March 2016.
It was mainly as a result of 52 per cent decrease in construction revenue, significant decrease in gross profit ratio and one-off liquidated damages TW$4.8m (approx. HK$1.2m) [GB£105,500] paid to a local customer.

[noirua] 26/5/2016 12:46

Despite the legal action against Mr Stephen Koo and Univision Engineering Limited, everything looks quite good to very good on a one year view.

Hopefully, all things being equal, UVEL will receive a substantial sum for its sale of T-Com. UVEL invested heavily in the previous trading year and despite short term trading problems, the company is well set. Mr Koo has stated first interest in T-Com though I've a feeling others may bid and take over his backing for any loans outstanding.

UVEL had £1.2m cash at 2015 year end and that has remained about the present level. That may give the opportunity to return dividends for year ending 31st March 2016 to the 0.065p level or higher. That would put the shares at 0.575p on a yield of 11.3%,

The offer for 41.5% of shares in Uvel is 2.32p a share, far above the markets present trading price of 0.575p. There is a strong possibility that some may see the opportunity to raise their holding in Univision through the AIM market place. The only way in fact to buy shares below 2.32p a share and with the dividend.

[noirua] 22/5/2016 10:27

In looking carefully at articles and information on 'Share Profits', referring to UVEL Univision Engineering Limited, it is my view, that they go beyond fair comment. A solicitor who is a contact of mine looked over the information and considered that the absence of reference to the 'hiving off' of Leader Smart Engineering Limited to shareholders of Univision Engineering Limited in July 2015, and other contents of the articles could be misleading...

[noirua] 20/5/2016 10:59

[From the Accounts for year ending 31st March 2015 - the maintenance of £1.2m cash shows the company's cash position to be quite strong ( 0.312p per share). Confirms that the Chinese companies buying into UVEL at 2.35p per share are getting a reasonable deal. AIM price looks ridiculously low at 0.575p and market cap at just £2.2m]
[Eventual sale of T-Com will bring in a substantial amount of cash, up to £650k][17 May 2006 UniVision will pay NT$30,287,500 (approx. HK$7.3 million or approx. GB£514,000) in cash to acquire 52.25% of the shares of T-Com.][Therefore, in today's terms: UniVision would pay NT$30,287,500 (approx. HK$7.364 million or approx. GB£648,000)]

The Group generated positive net cash of GBP368K from its operating activities in the year (2014: GBP548K). The decrease was mainly due to the deposit paid of GBP0.45m for the software fee for a major project in Taiwan.

The Hong Kong Company has a relatively strong cash position that generated positive net cash of GBP883K from its operating activities in the year (2014: negative GBP12K) and maintained a cash balance of GBP1m at the year end.
This was contributed to by the effective control of working capital.
Net cash of GBP420K was generated from financing activities in the year (2014: negative GBP673K) mainly from the proceeds from a bank loan to the Taiwan subsidiary for securing new orders.
The Group maintained cash and cash equivalents at 31 March 2015 of GBP1.2m (31 March 2014: GBP0.4m).

[noirua] 18/5/2016 08:02

skasher094, yes, only selling of T-Com in Taiwan will bring in more cash. Chairman Stephen Koo is the only person presently known to be interested. Hard to guess what is going to happen next with any real certainty - buying below 0.75p appears low risk.

[skasher094] 18/5/2016 07:29

How will the chairman selling shares bring more cash to the company?Will bring more cash to mr koo methinks to spend as he wishesWill bring more trade ability to shares which would be no bad thing though.However he might decide to reinvest his new wealth into leader smart and accelerate his plans there

[noirua] 17/5/2016 12:38

Univision shares presently trade at 0.55p - 0.75p though trades are going through at 0.56p to sell and 0.64p to buy. This compares to the sale price of 41.5% of off market shares by Chairman Stephen Koo at 2.32p plus dividend for year ending 31st March 2016.
There is no certainty that transactions will be concluded or any offer will be made for on market shares, but UVEL shares are presently at a discount of 72% for shares bought at 0.65p or less, so far today.

[noirua] 13/5/2016 12:13

Increased holding a touch to 3.76m shares at 0.5944p. Looking awfully cheap with the uncertainty going with that. Hope Chairman Stephen Koo can get the court case over and done with and share transactions completed.

I still think all three Chinese mainland companies should be brought into Univision Engineering Limited. Mr Koo may need to reduce his holding to 20% - 21.5% or so and a tranche of new shares issued so each party ends up with 20% to 21.5% each - needs working out but not really a problem for a clever Chairman of Univision. This would also bring in a lot of cash to the company.
Anyway, as per usual I will be ignored.

[noirua] 10/5/2016 12:17

Shares are difficult to buy and sell in reasonably large quantities - price could move abruptly on news due on the court case in Hong Kong, the outcome of share off-market transactions and potential sale of T-Com share holdings.

[noirua] 08/5/2016 01:41

UVEL do seem to be trying to clear the decks of assets not exactly fitting into a Hong Kong based company - LSH hived off to UVEL shareholders and T-com about to be sold.
If all eventually goes to plan there will be four major shareholders having, 31.4% (Mr Stephen Koo and associated companies), 21% (Beijing Han Tian), 20.5% (Yi Sheng Technology) and Andrew and Caroline Wells 5.07%. (my own holding is just 0.95% and 1.58% of Leader Smart).

Hope all this works out so articles by 'Share Profits' can be proven wrong. However, it continues to be a worrying situation all-round.

[noirua] 03/5/2016 21:12

17 May 2006
UniVision will pay NT$30,287,500 (approx. HK$7.3 million or approx. GB£514,000)
in cash to acquire 52.25% of the shares of T-Com.

The audited accounts of T-Com for the year ended 31 December 2005 showed turnover of £2.7 million, with an operational profit of £46,225 and a retained profit for the year of £30,152. Net assets at 31 December 2005 were £985,562.

HK$11.2 to £ sterling on 3/5/2016 -- HK$14.2 to £ sterling on 7/5/2006.
T$4.1656 to HK$ on 3/5/2016 -- T$4.113 to HK$ on 7/5/2006.

Therefore, in today's terms:
UniVision would pay NT$30,287,500 (approx. HK$7.364 million or approx. GB£657,500)

[noirua] 28/4/2016 00:08

Looks like this share transfer situation is going to take a lot more time. Anyway, things are happening at Univision at quite a pace and concern growing with it.

Might be best to let all the three mainland Chinese companies have a stake in Univision. Then it will be one happy forward looking family - all friends together.

[noirua] 12/4/2016 14:01

Share price remains very low despite announcements. Moved to speculative with greater prospects. Trading at just 0.6p - 0.7p on AIM.

30/3/2016 - The Board has made the decision to dispose of its interest in T-Com following a continuation of weak trading in the second half of the financial year ending 31 March 2016 as reported on 03 December 2015 and in the interim results announced on 11 December 2016. T-Com has incurred a significant loss of approximately HK$2.4 million for the first nine months in the financial period ending 31(st) March, 2016.The banking facilities of T-Com are personally guaranteed by Mr. Stephen Koo, the Chairman of UniVision, up to TWD 92 million. The disposal of its interest in T-Com would constitute a substantial transaction as defined under the AIM Rules for Companies. Mr Stephen Koo, Chairman of UniVision, has expressed a firm interest in acquiring UniVision's interest in T-Com. A further announcement will be made in due course.

Jan 2016 - 1. Sale to Yi Sheng Technology Ltd ("Yi Sheng") , a company under the control of Derun Group, of 20.5% of Univision for HKD 20,500,000 (approx GBP 1.824m)

2. Sale to Beijing Hang Tian "Hang Tian" an affiliate of a State Owned Enterprise, of 21.0% of Univision for HKD 21,000,000 (approx. GBP 1.869m)

Above sales are at 2.32p a share plus dividend to 31st March 2016 - UVEL shares are presently 0.6p - 0.7p a share. A discount of more than 72%.