Univision Engineering Share Discussion Threads

[noirua] 14/12/2017 12:06

News just out on Interim Results


-- Profit attributable to the equity holders increased 133% to HK$2.1m (H1 2016: HK$0.9m);
-- Revenue increased by 8.3% to HK$23.2m for continuing operations (H1 2016 HK$21.4m);
-- Major long term contract win with MTR Corporation Limited ("MTRC") announced in May 2017 will transform the Group's revenue and profitability over the coming years;

Mr. Stephen Sin Mo KOO, Executive Chairman, commented:

"The winning of the MTR contract is transformational for the Group and as the invoicing start to flow through the Financial Statements we expect to be able to report significantly higher levels of profitability that are currently being reported.

The fact that this contract was won in the face of tough international competition, we believe positions the Group to be competitive for subsequent large-scale projects both inside and outside HK in the future"

[wi1l] 13/12/2017 13:10

Can't buy any shares at the moment, mm's looking for some to sell. Suggests that they are short and any good news where buying will send price upwards very quickly.

[noirua] 13/12/2017 10:31

At least Chairman Stephen Koo does give the opportunity to meet him - other companies in Hong Kong do not bother. He cant of course give out inside information. Hopefully the Half Year results will be out by then and shareholders before May 2015 might like to know what is happening at the Shopping mall and holiday complex in the Yellow Mountains.

[wi1l] 13/12/2017 10:30

That's positive news doyourresearch presumably that then means the interims will be out sometime this week and he will also be comfortable with the figures.
Tried to buy some more and the mm's saw me coming and upped the price after only allowing 150K. So I suppose that's positive in a way too!

[zangdook] 13/12/2017 09:45

I wish they'd give more notice for these meetings. Cheap train tickets to London sell out a week in advance.

[doyourresearch] 13/12/2017 08:58

S Koo is inviting shareholders and people interested in Univision for informal meeting in London next Monday. Opportunity to quiz him about the MTR contract and Univision generally

[wi1l] 12/12/2017 14:35

Interims in the past have arrived before 11am, will assume nothing to come today.

[wi1l] 08/12/2017 11:43

A little buying activity ahead of results, should be out next week. Will be interesting to see how they have got on over the past 6 months.

[noirua] 03/12/2017 20:52

Chairman Stephen Koo will still hold 21.906% of the shares in Univision if the sale is completed. He will no longer have control.


This updated RNS makes the offer worth 1.86p a share at an exchange rate of 11.22RMB to £sterling. The original and now superseded RNS showed the worth much higher.

Obviously I have no knowledge of what the position is concerning the purchase of the 51% of Univision owned by the company's Chairman. The offer at 1.86p looks on the low side as the company has an order book at around £40 to £45 million. My own guess is the offer should be a minimum of 2.8p up to 4p.

[wi1l] 02/12/2017 20:53

Thanks for the details Noirua, I will be looking for the interims from the 11th onwards. Perhaps they will let us know how the share sale is going too although I am not sure of its importance? eg will Mr Koo carry on as Chairman etc

[noirua] 02/12/2017 17:25

2006 contracts in Abu Dhabi

[noirua] 02/12/2017 17:15

The Half Year results in previous years:
2016 - 15/12/2016
2015 - 11/12/2015
2014 - 19/12/2014
2013 - 18/12/2013
2012 - 17/12/2012
2011 - 29/12/2011
2010 - 30/12/2010
2009 - 23/12/2009
2008 - 29/12/2008
2007 - 14/12/2007
2006 - 19/12/2006
Shares admitted to AIM in November 2005. Company was Incorporated in Hong Kong on 23rd November 1979 - one of the oldest companies quoted on AIM.

23rd November 2019 will be Univision's 40th Anniversary - Ruby Anniversary.

[wi1l] 02/12/2017 11:30

Agreed, have they said which day? Thought they were more likely to come middle of Dec? Will be interesting to hear how the share sale is progressing too.

[imjustdandy] 02/12/2017 07:33

Results next week. Interesting times

[noirua] 29/11/2017 16:55

Hopefully December will bring clarification of several matters concerning Univision both directly and indirectly.

[noirua] 28/11/2017 12:27

The spread is now at about the highest for Univision. Spread at 28.5% and real spread at 26%. However, if more sizable buyers arrive we should be at 3p quite quickly. The MMs must know they can lose if the price jumps 100% to 300% very fast.

--

Univision UVEL attracting buyers. Result of Chairman's sale of 51% holding at 2.4p expected. Half year's results due in December. New contracts in 2017 stack up at over £40 million. Moves into a more profitable sectors to be announced plus new mainland China contracts.

[wi1l] 28/11/2017 12:11

Someone's hoping its good news!

[imjustdandy] 25/11/2017 04:35

I agree. Half year report is due in the next few weeks.

[noirua] 23/11/2017 00:14

Link to the trades on the historic day May 12 2017, there are 12 pages.



Trade 603 was the highest buy 628,906 shares at 5.9p = £37,105.45

Quite difficult to buy that many shares in one chunk now. It does show what could happen again.

The more prevailing price of the day was around 4p.

[wi1l] 22/11/2017 18:49

It doesn't take much buying for the price to go upwards. The mm's have pushed it down so much that with the multi million £ contract now in operation it suggests they have rather overdone this. More buying interest is needed as there are few shares available in the public domain and most are holding tightly to what they have.
Any buying interest of substance will attract good increases in the share price IMHO.

[noirua] 22/11/2017 16:46

The fall looks very much overdone. Having peaked at 4.3p with an intra-day high trade at 5.9p. Over the next 6 years turnover is likely to reach £10m per annum with contracts for year 2 to 6 already inked in at £6.5m per annum. Year one is set to push on over £10 million.

The company is set to move into other more profitable sectors in Hong Kong and move to the railway sector in Mainland China.

All looks rosy for growth at Univision Engineering limited.

[noirua] 21/11/2017 15:45

Long periods of quiet are common to Univision, though we did get news of a further contract 3 weeks ago.
Having about £44 million of work on the books is quite outstanding for a company with a market cap of only £5.27m at 1.375p a share.
How many other companies on AIM have assured work until late 2023? More contracts are bound to be gained over the six year period.

The advance into mainland China is the next event to be looked forward to.

UVEL shares fail to take much into account.

[wi1l] 20/11/2017 16:09

But there has to be some more interest generated in this co before that can happen, perhaps the results in Dec will be good and generate more interest. Or is it because the share sale hasn't resolved itself - it would be positive if at the very least we were told how that has developed over the last couple of months.

[wi1l] 13/11/2017 16:13

One to buy and tuck away IMHO. Not many shares are held in the public domain so any movement and the share price will fly.

[noirua] 13/11/2017 14:51

Annual Report in September

-- Proposed final dividend HK0.41 cents (approx. 0.042 pence) per share.

-- Earnings per share from continuing operations were to 0.11p (2016: 0.04p).

-- Turnover from continuing operations increased by 8.6%* to GBP4.8m (2016: GBP3.87m)

-- Gross profit margin for continuing operations increased to 34% (2016: 32%);

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 fulfil all requirements under the contract in a professional manner.