Univision Engineering Share Discussion Threads

[wi1l] 21/9/2017 12:47

Thank you finkwot. The co has ?belatedly updated the market and it suggests to me that there is quite abit of doubt now as to whether the shares will be transferred to Hai Li. Noirua has suggested that this would be the case for quite some time. Quite what effect this all has on UVEL I am not too sure but the uncertainty will be disconcerting I should think. Should also think given the recent large contract there is quite an opportunity for Hai Li too so is in his interest to come up with the necessary funds.

[noirua] 20/9/2017 15:40

UniVision (AIM; UVEL), 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, announces further to the announcement on 7 September 2016 regarding the sale of shares by Stephen Koo Chairman of UniVision to Nan Ning Hai Li Real Estate Development Limited ("Hai Li"), Stephen Koo, had, by 19 September 2017, not received the consideration for this transaction.

As announced on 7 September 2016 and its correction on 8 September 2016, Stephen Koo, signed a Memorandum of Understanding ("MOU") with Hai Li on 6 September 2016 agreeing to reinstate the Sale and Purchase Agreement that was signed on 14 December 2015. Under the MOU, Stephen Koo had agreed to sell UniVision Ordinary Shares equating to 41 per cent of UniVision for 32.8m RMB to Hai Li.
In addition, Stephen Koo entered into another Sale and Purchase Agreement with Mr. Xin Hai, the legal representative of Hai Li, on 6 September 2016, agreeing to sell a further 10 per cent shareholding in UniVision for 8m RMB.
A further term of the transactions was that payment would intended to be completed within 12 months after the agreement had been signed.

Though the MOU and the Sale and Purchase Agreement expired on 6 September 2017, Stephen Koo has agreed with Hai Li and Mr. Xin Hai that the final date for the settlement of consideration will be extended to 30 September 2017. Interest and a penalty will be charged for the delayed transaction.

[noirua] 13/9/2017 09:10

Univision shares go xd tomorrow, Thursday. Dividend paid 9th October 2017. At 1.75p the yield is 2.4%, dividend 0.042p per share.
Header is being revamped.

[noirua] 12/9/2017 10:12

The market spread is still very wide. The true spread is about 18% and Market Makers spread at 25%. Anything over 10% is completely unacceptable.
There looks like a delay in Chairman Stephen Koo's 51% share transaction with two mainland Chinese parties. In the past the company's Chairman has always been very patient. So there is no real concern.

[finkwot] 06/9/2017 10:49

If it happened, yes:

Disclosure of miscellaneous information
17
An AIM company must issue notification without delay of any relevant changes to any significant shareholders

[wi1l] 06/9/2017 09:29

If the share disposal was supposed to complete on 5th Sept we should hear about it soon surely?? Or maybe it didn't happen? Would they let us know either way?

[zangdook] 04/9/2017 20:25

On a quick skim I can't see anything about the proposed share sale (other than reconfirmation that the Hai Li lawsuit was dropped), though I suppose it isn't really a matter for the company report. Ditto Leader Smart. I don't see anything bad either.

[noirua] 04/9/2017 18:19

Annual Results to 31st March 2017:


Turnover from continuing operations in the year increased by 8.6% (*underlying rate) to GBP4.8m (2016: GBP3.87m). This increase was mainly due to the 13% growth in construction contracts.

The new major contract with MTR Corporation Limited ("MTRC") in Hong Kong awarded in May 2017 is a milestone for Company. The Board expects that the Company will achieve substantial growth in the business in the coming years.

In maintaining its dividend policy, the Board declares a final dividend of 0.41 HK cents (gross) per share for the financial year ended 31 March, 2017 (2016: 0.41 HK cents)

NEW MAJOR CONTRACT WITH MTRC
As announced on 12 May 2017, the Company won a major contract valued at HK$389.4m (GBP38.1m) with MTRC following a tender process.
The contract provides for the replacement works of the Closed Circuit Television (CCTV) systems for numerous railway lines of MTRC.
The Company will replace the existing analogue CCTV system installed in the stations along the specified lines with a unified IP-based CCTV system.

The Contract commenced in mid May 2017 and the completion date for the replacement works is anticipated to be in November 2023. The Board expects revenue from the Project to be generated in the financial year ending 31 March 2018.
Currently, the Company is working on the design stage, including the system-level design.
The first billing to the customer is expected in the 4(th) calendar quarter of 2017. The Company has solid and proven experience in installing CCTV systems.
The Board is confident that the Company will be able to fulfill all requirements under the contract in a professional manner.

The profit from the continuing operations attributable to the equity holders of the Company is GBP452K (2016: GBP138K).
i) 13% growth in the income from construction contracts;

The Group generated positive net cash of GBP409K from its continuing operating activities in the year (2016: GBP61K cash outflow).
The Hong Kong company, in which the continuing operations are based, has no bank loan and maintained a cash balance of GBP1.19m at the year end.
The net working capital at the year-end was GBP2.5m (2016: GBP1.8m). The Directors attribute this to close monitoring and effective control of working capital.

Updated 05/09/2017

[noirua] 01/9/2017 10:56

The sale of shares by Chairman Stephen Koo, 51% of the company, is at about 2.4p a share, and due for completion by 5th September 2017
There is uncertainty as the two Chinese mainland parties have not completed the deal yet. They have not yet confirmed their own plans but it is expected they will use Univision to step into the mainland Chinese market. The shares might well be worth 4p to 6p once everything is known - markets hate uncertainty.

Annual Report and dividend information is usually provided in late August to mid-September. Last year on 2nd September.

News could arrive anytime between 7am and 7.30pm

[wi1l] 29/8/2017 12:20

Sudden jump up. I wonder why that is?

[noirua] 26/8/2017 12:43

The MMs have always maintained a wide spread going out to 40% at times. The real spread is lower and currently in the 15% to 20% range. Having such a wide spread and share price movements on very low volumes deters investors from trading in Univision shares. Investing £5K could see a loss of £750 or more with no share price movement - absolutely terrible.

[supervillain] 24/8/2017 20:51

Careful about this stock.


MMS do not mess about here.

Most probably will go sub 1p because punters dripping stock bit by bit to cut losses.

[noirua] 21/8/2017 15:41

On the rise. Fair value in the 2.5p - 3.25p range before further news arrives.
News of Chairman Stephen Koo's sale of 51% of the company to be finalised by 5th September 2017.
Annual Report due late August to mid-September.

[noirua] 15/8/2017 18:00

The present market cap of UVEL at 1.625p is just £6.23 million. At the time of the share price jump in May I thought that 20% of the £38 million contract ( now £39.4m ) was what should be added to the market cap that was around £3m at the time - £3m + £7.9m = £10.9m or 2.85p a share approximately. We know what happened.

The sale of shares by Chairman Stephen Koo, 51% of the company, is at about 2.4p a share, and due for completion by 5th September. There is uncertainty as the two Chinese mainland parties have not completed the deal yet. They have not yet confirmed their own plans but it is expected they will use Univision to step into the mainland Chinese market. The shares might well be worth 4p to 6p once everything is known - markets hate uncertainty.

There is a possibility that Univision could seek to bring Leader Smart Holding Limited LSH ( see ADVFN epic LSH ) back into the fold again. LSH has its own uncertainties that need to be addressed.

[finkwot] 15/8/2017 14:36

on UVEL? It mentions CCTV cameras, is that what you mean glen?

[noirua] 15/8/2017 13:12

Shanghai Metro: keeping world’s longest mass-transit rail system on track - 12 Aug 2017 / UPDATED ON 13 Aug 2017


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Annual Report and dividend information is usually provided in late August to mid-September. Last year on 2nd September.

[glenbo1] 14/8/2017 06:58

Great article on UVEL(link: scmp.com/magazines/post...

[wi1l] 09/8/2017 12:02

Theres a buyer at the moment not going above 2p which may be good judgement. When its above he fishes for a drop by selling a few - seems to be working at the moment

[wi1l] 07/8/2017 16:26

Now there's a surprise-the 100K sell didn't halve the share price-maybe tomorrow?

[wi1l] 06/8/2017 16:45

Mon will bring a few small sales at which point the price will be marked down yet again and then the buyer will dip in again and so it will go on.

[noirua] 04/8/2017 16:27

Not a stock for traders really from experience since 2011. The spread has always been very wide. From 10% to 33%. However, some bought as low as 0.25p and sold above 4p - after waiting over 7 years.

[zooskeeper] 04/8/2017 15:53

No action - seems two sells from earlier buys with large loss on spread. Our day will come.......