Univision Engineering Share Discussion Threads

[noirua] 27/8/2019 17:02

I thought that UVEL might beat the 16 August 2018 issue of the Annual Report. Anyway, it's not mean't to be a race.
The minor difficulties in Hong Kong should not be over exaggerated and may be solved quicker than Brexit.

[noirua] 23/8/2019 12:22

Dates and times of previous Annual results:
05/09/2014 - 15:02 BST - Friday
10/09/2015 - 17:34 - Thursday
02/09/2016 - 16:44 - Friday
04/09/2017 - 17:34 - Monday
16/08/2018 - 08:10 - Thursday

[noirua] 21/8/2019 13:49

As we have announced previously, we look forward to reporting our final results in August" - Stephen Koo, Chairman.

[noirua] 20/8/2019 12:39

Updated from Simply Wall Street:

[113mike] 19/8/2019 17:44

Annual results 2 & 3 yrs back were released first week in Sept so still maybe a couple of weeks away but they could land anytime before then.

[noirua] 15/8/2019 18:04

Annual Results were out last year on 16 August 2018.

07/12/2018 - Interim Results to September 30 2018:

Profits six months to 30 September 2018
-- Profit attributable to the equity holders increased 391% to HK$10.6m ( H1 2017: HK$2.1m );
-- Revenue increased by 187% to HK$66.8m for continuing operations ( H1 2017: HK$23.2m );
-- Positive cash generated from operations HK$6m ( H1 2017: -HK$6.4m ).

[noirua] 14/8/2019 00:15

The current peg between the Hong Kong dollar and the US dollar has been in place since 1983. On 17 October 1983, the currency was pegged at a rate of HKD 7.8 to USD 1. Since 18 May 2005, the currency floats between HKD 7.75 and HKD 7.85 per USD. The currency is also used in Macau.

[bozzy_s] 13/8/2019 23:03

Watching with interest from the sidelines. The company needs to let the stock market know the situation on the ground in Hong Kong. Is it business as usual? Is it disrupted? Will it have a financial effect?

I expect we'll see the shares subdued until we hear a positive update.

[noirua] 13/8/2019 15:43

Maybe an old Chinese proverb. Big truck is on the wrong side of the road. Small truck is on the correct side of the road. Who should give way, correct or wrong?

[tim000] 13/8/2019 10:55

Indeed, as long as the workforce aren't on strike and can't do anything.

[zangdook] 13/8/2019 10:37

ISTM security problems may increase demand for UVEL's services.

[noirua] 13/8/2019 10:02

A lot of sells yesterday and reported as late trades. The riots in Hong Kong may have brought these on:

[noirua] 11/8/2019 11:31

UniVision shares have performed very well and up from a low of 0.25p, before my time, and now at 2.35p, up 840%. However, many bought at very much higher prices and UniVision shares appear today to not be taking full account of progress made since May 2017.

Maybe the affects of Chinese mainland companies wanting to buy an interest in UniVision from Chairman Stephen Koo and failing to complete has been a mild dampener.
Univision Analyses:

[noirua] 05/8/2019 11:26

Hong Kong dollar now close to HK$9.5 to GB£1. The strike situation and unruly marches are concerning for those of us looking at the situation from the UK. Hard to know what it is like in UVEL's area or any direct or indirect affect. Maybe the company will issue an RNS shortly.

[noirua] 01/8/2019 12:30

Now at HK$9.48 to GB£1.00. Results for year to March 31 2019 are due out by the end of this month.
Rate at 31 March 2019 -- HK$10.235 - precise rate
Rate at 31 March 2018 -- HK$10.973 - precise rate

In maintaining its dividend policy, the Board declares a final dividend of 0.43 HK cents (gross) per share for the financial year
ended 31 March, 2018 (2017: 0.41 HK cents), an increase of 4.9%.


At today's conversion rate UVEL shares are on a yield of 1.8% at 2.4p a share.

Univision Analyses:

[noirua] 26/7/2019 17:39

Univision Headquarters:

[tim000] 23/7/2019 13:30

Similarities to the Prague Spring in 1968.

[noirua] 22/7/2019 11:23

Some concern with the TV reports about violence in Hong Kong. Particularly that on the MTR railway network.
No doubt the Chinese army is on alert and ready to move in great force to protect their own interests.
The present Government can only retain power with the Chinese army's support. Expect a night time curfew.
A high alert situation.

[noirua] 19/7/2019 17:57

It was just a small contract added. The large contract is about £6.6 million per annum average over 6 years. If the contract of £260K is over one year it will be a nice add on over 2019/2020. Last year's dividend was HK0.43c ( GB0.043p a share ) or 1.85% at 2.4p a share.
Univision does have upfront costs on the main contract with MTR and Chairman Stephen Koo has granted a zero interest loan to help - HKD4.2 million GB£420K. So we should not get over excited about any increase in dividend awarded - last years increase was 4.9%.

[tim000] 15/7/2019 07:08

The contract is equivalent to slightly less than 2% of annual turnover.

[noirua] 27/6/2019 23:36

Refers to shareholders who held Univision shares in May 2015 and received shares in Leader Smart Holdings Limited when hived off on a one to one basis.


It is now 6 years since Arbitration started in June 2013 concerning 49% of the Zhongshan Shopping Mall not owned by Leader Smart Engineering ( Shanghai ) Limited; the 100% owned subsidiary of Leader Smart Holdings Limited. There was also a 4 months discussion period before this to try to reach an agreement.

[tim000] 26/6/2019 13:01

Profits after tax were as follows ($HK mn):

2017/18
H1 2.16
H2 5.45
Total 7.61 (converted from £ in the AR using annual average exchange rate)

2018/19
H1 10.6

If I read your method correctly, you're estimating profits increasing by 348% in 2018/19 as a whole, so a 348% increase on $7.61 mn. That implies profits of $34 mn. That's likely to be an over-estimate as the method is faulty. (You're implying that profits in H2 will be twice those in H1, despite a flat level of MTR activity between the two half-years.) I'm estimating two lots of $10.6 mn, ie $21.2 mn. Anyway, we'll see which is the better estimate when the figures are published.

[noirua] 26/6/2019 12:16

First Half year 6 MTR payments compared to nil last time.
Second Half Year should have 6 MTR payments compared to 1 last time.

[tim000] 03/6/2019 10:54

You're making false comparisons with a year ago. This year's H1 had six monthly MTR payments, as you say. So will H2. I can't see why the level of profits in H2 will be much different to those in H1. In fact the whole P/L account in H2 should be broadly the same as that of H1. It will be interesting to see what they do with the dividend. They have a lot of cash on the balance sheet, but it appears they want to use that to underpin an expansion of the business rather than returning additional capital to shareholders. So my guess is a fairly conservative dividend policy. But I'd like them to be more ambitious, which I'm sure would give a lift to the share price.