Univision Engineering Share Discussion Threads

[noirua] 11/3/2018 02:15

Contracts at the moment are roughly £44m and the £41m major contract is spread over a 6 year period to the end of 2023. UVEL have not indicated the profitability but a first payment was due before the year end on March 31st 2018 to Univision.

There are still uncertainties over the sale by Chairman Stephen Koo and shares he holds that are part of an agreement that would give control, 51% of the company, to two Chinese mainland parties. This is very much delayed and of GREAT concern - very unsatisfactory.

Univision shares may well be lower priced than they should be. Who is to blame?. I think we know, don't we.

All very quiet at Univisions' former subsidiary, Leader Smart Holding Limited LSH. Adds to concerns.

[wi1l] 10/3/2018 20:47

Am I right on this?? UVEL Mr Koo has stated recently that this new contract will increase profitability considerably.PE ratios of similar companies are between 10 and 20. If profit ye 31/3/18 is say £1M and then ye 31/3/19 it rises to £2M a PE ratio of 10 would give a market cap of £17M and £34M respectively. Means IMHO a rerating of the share price to 4.4p then up to 8.8p. Not saying this would happen if the ye 31/3/18 pbt came out at £1M but the current share price of 2.2p seems far too low to me. Hopefully we will hear soon the effect the new contract is having on profits as the ye 31/3/18 is nearly over and then see what happens to the share price.

[wi1l] 08/3/2018 09:40

Next good bit of news eg another contract win will mean more interest, could do with it! Small amount of buying has pushed the share price up. IMHO there aren't that many shares around to give the mm's that much wiggle room when the pressures on, they seem to look for more at any buying so can't hold many. In the meantime I'll chat amongst myself.

[wi1l] 25/2/2018 10:42

Mr Koo still owns 73% of share capital presumably. Leaves 27% about 104M shares. A&C Wells own 7.3% or 28M. Leaves 20% about 76M. At last annual accounts nominees held the remainder more or less, HL 39M and Beaufort Nominees 25M. Can't believe there are any day traders of this share given the lengthy periods where naught happens. Remainder are therefore holding for better times, some for years as I am too. I wonder if there are any holders of 5M+ around? There must be one or two. Would be interesting to find out.

[wi1l] 24/2/2018 08:26

Market cap must surely need rerating for this new contract.
Assuming everything else remains the same the profit uvel should make with this new contact coming on board from Nov 2017 IMHO ye 31/3/18 £1M and then ye 31/3/19 onwards £2M+ that's before exchange diffs. Compared to ye 31/3/17 actual of £400K quite a difference.
Ye 31/3/19 (first full year of main contract) Estimates T/O £11M Gross profit 30% £3.3M Admin/loan costs £1.3M PBT £2.0M.
All my estimate but what's the market cap of companies making a couple of million plus per annum? Surely must be more than current £7M?

[wi1l] 15/2/2018 11:58

What's happening here?? After little or no movement suddenly there is a lot of buying interest.

[wi1l] 12/2/2018 20:23

Another sizable new contract agreed possibly?? MM's were very fast to adjust the price albeit on low buying volume. If they announce another contract the share price will go up even faster. Everyone is holding on for the future as even in the quiet period before the update there was very low volumes selling. As time goes by and they start earning from their new contract the company will become stronger and much more valuable IMHO.

[noirua] 12/2/2018 14:55

Some buying interest today that may well prove a clever investment with the expected advance into mainland China. They built a new station in 9 hours over there - brilliant co-ordination.

[noirua] 09/2/2018 16:30

It does look as if the larger holders in UVEL are confident and hanging on. They must have been pleased at the meeting with Chairman Stephen Koo. This looks to be a long term hold, maybe 6 years before all the transitional moves are completed.

[zangdook] 08/2/2018 13:25

Someone keeps dumping, someone else keeps snapping them up.

[saint in exile] 07/2/2018 16:50

Thinking about getting back in here..getting very cheap

[wi1l] 31/1/2018 07:59

They seem well in with MTR as their maintenance contract they have with them has been renewed for another 3 years. Too many taking the opportunity to sell over the last couple of days, very short term IMHO as now would be more appropriate time to buy and hold. I suppose we just need to see the effect on profits that the new contract has had on UVEL which will be a few more months to wait. This RNS may well also be followed by additional contract wins.

[noirua] 30/1/2018 16:49

Outlook

The MTRC contract, which we won last May, was transformational for the business and will lead to a step-change in revenue and also profitability of the Group in the short to medium term.

It has taken until now to get through the design phase and into implementation, but this is now starting in earnest and we shall keep shareholders updated as appropriate.

Winning this significant contract has demonstrated UniVision's capability to the market and has led to other enquiries and opportunities for the Group to tender for other potentially significant CCTV installation projects.

The landscape is very competitive and the Company is not yet aware of the outcome of these opportunities, but we will keep shareholders informed of any developments when appropriate. With the major contract with MTRC, the Board believe that the amount of our current order book is in the region of HK$440m, which should provide a stable revenue platform for the Company in the coming few years.

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[ At HK$11.04 to £sterling the HK$440m = £39.86m ]

[noirua] 30/1/2018 12:32

Univision had said last May that financial backing was required for the new £40m MTR contracts. The news yesterday just showed the confidence first class lenders have in Chairman Stephen Koo and the company.

[noirua] 30/1/2018 00:08

Full speed ahead for China’s fast rail network with US$112 billion investment
03/01/2018

[noirua] 29/1/2018 23:41

There may have been some stale bulls who bought after last May's announcement. Today's RNS needs some careful thinking about and where UVEL heads from here, that is, with or without mainland Chinese investors on board.

After looking at a video that showed the Chinese building a railway station in 9 hours, I'm wondering if Univision could keep up that pace.

Fast rail: watch 1,500 Chinese workers build train station track in 9 hours | South China Morning Post

[wi1l] 29/1/2018 20:08

Well that didn't pan out very well, too many seizing the opportunity to sell a few. Tomorrow might be different though, and all very positive for the future - the share price should IMHO rerate in the coming months to higher numbers.

[wi1l] 29/1/2018 14:15

If the buying continues it won't be long before they run out of shares to sell, sure they don't keep many. Means the price can only go up. That's if the buying continues IMHO.

[wi1l] 29/1/2018 14:07

RNS out updated trading very positive.

[noirua] 29/1/2018 13:49

Not certain what the sudden increase in stock price was caused by. Most likely to be a large buy with a request to delay publication.

[wi1l] 27/1/2018 16:37

I tend to agree with those comments although I have LS shares and the UVEL shares that I bought awhile ago were at a higher price than they are now. I have added quite a few last year and am happy to hold atm. Despite the question mark over the share disposal Mr Koo managed to negotiate a massive new contract which, should they complete on the share disposal, benefit the new owners considerably at, it would appear, Mr Koo's expense. Aim seems to be full of sharks and it is comforting to come across someone who appears to be completely the reverse of this. Mr Koo obviously wants the share disposal situation resolved as he gave them an ultimatum to settle the issue by 30th Sept last year (I think), which it would appear they have just ignored. Rightly or wrongly I would be happier if the current situation were resolved in Mr Koo's favour.

[zangdook] 27/1/2018 16:02

I'm inclined to think the proposed UVEL share purchase is dead and can be quietly forgotten about. It's better that way as Mr Koo has done a good job so far with his interests strongly aligned with ours. I'm not too impatient about LS - yes it will be nice to wake up one morning to find a large bonus waiting, but anyone who has been around long enough to have LS shares ought to be well above water on UVEL's performance alone.

[noirua] 27/1/2018 13:43

Univision remains very undervalued on further growth prospects and would be nearer 4p a share if the following was resolved:
What has happened concerning the purchase of 51% of the company by two mainland China parties that was set to complete about 4 months ago?


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Not directly related anymore as Leader Smart Holding is a private company in Hong Kong from the hiving off of Leader Smart Engineering Shanghai Limited:
An Arbitration decision is still awaited reference the 49% ownership of the Zhongshan Mall not owned by Leader Smart Holding. This has been in the Guangzhou Arbitration Court for four and a half years with no decisions reached - so it would seem. It concerns a contract going all the way back to 2009. This has impaled confidence in the Chairman of the company who remains a sole director.
Chairman Stephen Koo is indeed one of the most dogged and determined honest directors in the world so it is quite sad really.

[wi1l] 27/1/2018 06:57

Slightly OTT, possibly.