Univision Engineering Share Discussion Threads

[zico01] 28/6/2017 22:52

The Company is a Hong Kong registered company and the rights of shareholders are governed by Hong Kong SAR law which may be different from the rights of shareholders in a UK incorporated company.

The Company is incorporated in Hong Kong and is managed and controlled outside the UK. For these reasons the City Code on Takeovers and Mergers does not apply to the Company. It is emphasised that, although the Ordinary Shares will trade on AIM, the Company will not be subject to takeover regulation in the UK.


UniVision was formed in November 1979 and focuses primarily on the provision of surveillance systems and integrated security systems to industrial, commercial and public sector customers in Hong Kong, the PRC and Macau.

Later, the Company commenced the design and manufacture of CCTV switchers and controllers under the brand name "UniVision", and in 1986 MultiVision Systems and Networks Limited was established to specialize in the design and manufacture of these products.

In 1994, a contract was signed with the authority of Dong Guan to sell CCTV systems and the devices for toll collection.

In 1994, in response to the growing demand for UniVision's products, a manufacturing facility was built in the PRC which was extended two years later to cover an area of approximately 9,200 square metres.

In 1996 UniVision obtained a license to manufacture and market a developed and licensed core module which could be used in contactless smart card readers.

In 1998 UniVision obtained ISO9001 Quality Management Systems accreditation from SGS Yardley International Certification Services Limited. Subsequently, UniVision was certified to have obtained ISO9001 in 2002 and ISO9001:2000 in 2004 from SGS Hong Kong Limited. In 2001 UniVision secured a contract to supply and install a remotely monitored and recorded closed circuit television system to provide station platform Help Point services for the Sydney Rail System in Australia.

Pursuant to a group reorganization in 2001 the group structure of UniVision and its group of companies was simplified. MultiVision Systems and Networks Limited was separated from UniVision and in the following year it, together with its group of companies, floated on the Singapore Exchange Securities Trading Limited. In 2002, UniVision's PRC based manufacturing facility was disposed of to a third party. UniVision and MultiVision Systems and Networks Limited continue to co-operate on Macau Casino projects.

Subsequently, UniVision has focused its resources on the design, supply and installation of total solution surveillance and security systems. In 2004, the Company secured a contract for the provision of a digital surveillance system for Hong Kong Area Traffic Control, the digital system for traffic surveillance in Hong Kong and, in 2005, a further contract for the provision of a CCTV system for Sky Plaza, the Hong Kong International Airport Extension. The Company has recently entered into several contracts with a PRC company in Shenyang to provide a forest fire surveillance system.

UniVision now has a foundation in providing surveillance systems in both Hong Kong and Macau and has the ability to take a selective position in surveillance related contracts in the PRC. The directors are now planning the further expansion of the Company's business as an integrated security system solutions provider, based on the core closed circuit television surveillance systems. The Company is seeking to identify strategic partners to facilitate further expansion into the Asia Pacific Region and other international markets such as Australia, Indonesia, Thailand, Malaysia, the Middle East, the United States of America and Europe.


12 May 2017

UniVision Engineering Limited

("UniVision", the "Company" or the "Group")

Contract win

UniVision, the Hong Kong based group whose principal activities are the supply, design, installation and maintenance of closed circuit television and surveillance systems, and the sale of security related products, is delighted to announce that it has been awarded a major contract by MTR Corporation Limited in Hong Kong.("MTR Corporation").

The contract provides the for the replacement works of the Closed Circuit Television (CCTV) systems for Island Line (ISL), Kwun Tong Line (KTL), Tsuen Wan Line (TWL) ), Tseung Kwan O Line (TKL), Airport Express (AEL), Tung Chung Line (TCL), Disneyland Resort Line (DRL), East Rail Line (EAL), Ma On Shan Line (MOL), West Rail Line (WRL) and 22 stops of Light Rail (LRL), and the provision of new CCTVs for 47 stops of LRL.

The existing analogue CCTV system installed in the stations along ISL, KTL, TWL, TKL, AEL, TCL, DRL, EAL, MOL and WRL and the Internet Protocol (IP) CCTV system installed at 22 stops in LRL will be replaced with a unified IP-based CCTV system.

The total value of the Contract awarded is HK$389.4m (GBP38.1m).

The Contract commences immediately and the completion date for the replacement works is anticipated to be in November 2023.

The historical financial results of the Company are as follows:

Sales Profit before Tax
GBPm GBPm
12 months to March 2016 3.87 0.14
12 months to March 2015 3.68 0.03
Stephen Koo, the Chairman, commented as follows:

"We have been preparing a long time for this contract award and are delighted to have been successful in the face of competition from other bidders.

We have a long relationship with MTR and have many years' experience in installing and maintaining its CCTV system. I am confident that we will be able to fulfill all requirements under the contract in a professional manner.

I am delighted for our shareholders as the value of this contract is transformative to the Company and I look forward to being able to report on our progress in fulfilling the contract in due course."

[noirua] 21/6/2017 12:05

An extra contract is good news. However, the outcome of Chairman Stephen Koo's sale of 51% of Univision to two linked Chinese mainland parties at 2.4p a share is still very important. The Market Makers on UVEL are among the worst on AIM.

[casano] 21/6/2017 11:54

RNS landed - additional contract with Matt

[dice1950] 12/6/2017 10:46

#UVEL #ECHO #TRIN Master Investor from Acorns To Oak Trees

[zangdook] 11/6/2017 20:38

dice, this is the information thread. The incontinent ramping thread is here:

[dice1950] 11/6/2017 08:59

going 2 rocket

[dice1950] 09/6/2017 09:40

UVEL flying 250k buyer on the case

[dice1950] 09/6/2017 08:25

UVEL Oversold …

UniVision Engineering Eyes Chinese and Asia Markets After ...
Fox Business
LONDON – Shares in UniVision Engineering Ltd rose nearly a third Thursday after the Hong Kong-based closed-circuit television maker said it ..

[noirua] 06/6/2017 12:55

Main concerns are whether the purchase of 51% of UVEL shares held by Chairman Stephen Koo will be completed. The second is the likely profitability of the £39 million contracts over six years with MTR. Contracts are very tight and it is, wait and see.

[letmepass] 26/5/2017 08:11

Come drop below 3p so I can buy some more

[dice1950] 25/5/2017 14:54

13:40 25 May 2017
Some of the main risers and fallers in London at 1.40pm

After bagging a HK$390mln (£39mln) contract from the Hong Kong MTR Corporation at the start of this month, UniVision Engineering Ltd (LON:UVEL) reckons its well-placed to secure more contracts in that part of the world.

The CCTV and surveillance systems provider said it beat off several “major multinational companies” to win that contract, which stands it in good stead to win more contracts in places like China and Australasia.

On top of that, UniVision said there may be the opportunity to win “additional potential contracts” from MTR Corporation that are associated with the main agreement.

Investors obviously liked the ambition, with the share price jumping 36% to 3.22p.

[dice1950] 25/5/2017 14:43

UVEL

Wall Street Journal wow!!Today 14:36 By Philip Waller

LONDON--Shares in UniVision Engineering Ltd rose nearly a third Thursday after the Hong Kong-based closed-circuit television maker said it was considering expanding into China and Australasia.
The stock lifted 0.75 pence, or 32%, to 3.1 pence as UniVision said it plans to review the Chinese and other markets following its success earlier this month in gaining a HK$389.4 million ($49.9 million) contract from Hong Kong-based transport group MTR Corporation Ltd.
That contract involved replacement of CCTV systems on MTR's rail and tram network in Hong Kong, and UniVision said it sees potential for expansion elsewhere.
There are 47 metro systems under construction worldwide, of which 17 are in China and South East Asia, said UniVision.
The company also said it could win further contracts of varying sizes from MTR linked to the main contract.
"The board believes this success presents UniVision with an opportunity to market its brand to purchasers of similar systems outside Hong Kong, including but not limited to the People's Republic of China and Australasia," Univision said.
"At the appropriate time, the company will begin its review of this market and will update shareholders in due course."

Write to Philip Waller at [e-mail]

[dice1950] 25/5/2017 12:35

barchart BUY

[jwoolley] 25/5/2017 12:14

It also looks like there is hardly any profits with this contract with the "severe competition" margins could be very tight??

[amrishbhim] 25/5/2017 11:14

I bought these shares on the spike and still down nearly 50% and will hold as I believe long term this share will get to 6p. So I'm not deramping it, but the RNS doesn't states any new contract but advise its possible and if it does get any it will vary from contract to contract. Remember no contract but positive statement

[casano] 25/5/2017 10:49

Great news for shareholders - company can show its muscle now.

[dice1950] 25/5/2017 10:16

TIDMUVEL
RNS Number : 2296G
UniVision Engineering Ltd
25 May 2017
UniVision Engineering Limited
("UniVision" or the"Company")
25 May 2017
Following the announcement on 12 May 2017, concerning the award of the HK$389.4m contract ("the Contract") to UniVision by the Hong Kong MTR Corporation Limited ("MTR Corporation"), the Board of Directors wishes to expand on its future marketing ambitions.
The Company was awarded this contract in the face of severe competition from major multinational companies that have operations focusing on closed circuit television and surveillance systems. The Board believes that this success presents UniVision with an opportunity to market its brand to purchasers of similar systems outside Hong Kong, including but not limited to the Peoples Republic of China ("PRC") and Australasia.
There are currently 47 metro systems under construction worldwide, of which 17 are in PRC and South East Asia.
At the appropriate time, the Company will commence its review of this market and will update shareholders in due course.
The Company believes that, in addition to the awarding of the Contract by MTR Corporation, in its experience, but without any certainty of securing any contract, there may be the opportunity to win additional potential contracts of varying sizes from MTR Corporation that are associated with the main contract. Should this be the case the Company will update the market.
For further information visit www.uvel.com or contact:
UniVision Engineering Limited Tel: [phone]
3256
Stephen Koo, Chairman www.uvel.com
Chun Pan Wong, Chief Executive
Officer
Danny Kwok Fai Yip, Finance Director
Nicholas Lyth, Non-Executive Director Tel: [phone]
906686

ZAI Corporate Finance Limited Tel: +44 (0)20
(Nominated Adviser and Broker) 7060 2220
Dugald J. Carlean /Tim Cofman www.zaicf.com

[casano] 25/5/2017 10:12

RNS issued just now - looking even better now

[letmepass] 25/5/2017 09:18

Nice few buys still hoping it will drop more for adding but can't see it

[dice1950] 25/5/2017 06:12

BARCHART OPINION for Wed, May 24th, 2017

Overall Average:
88% BUY

[noirua] 19/5/2017 17:45

Please be patient as header is gradually redesigned, apologies for disruption - thank you.
Old header had become dated after four years of modifications.
Reference to Leader Smart is for those who held UVEL up to mid-2015. Leader Smart Engineering was hived off to shareholders. LSH now covers two properties in Southern and Eastern China. The website is under epic LSH for the private Hong Kong company, Leader Smart Holding Limited. Present asset value is about 6.5p a share.

[letmepass] 19/5/2017 15:41

A bit more positive interest today.. Any positive news will send this into orbit..

[love it] 19/5/2017 14:51

Real spread is 2.56-2.88p I'm sure if that was on the monitor there would be more
interest than the current no interest because mm's show 2.25-3p

[casano] 18/5/2017 15:53

Could be some bounce...!

[ileeman] 18/5/2017 12:28

I bought more this morning.

Sellers cleared from 6p spike, think it will move soon.