Univision Engineering Share Discussion Threads

[dave4545] 04/1/2021 08:34

ha ha I knew that 30075 would not hold..paid 1.33p new years eve out already for 1.1p
money to chase another spike and lose it all soon

[noirua] 01/1/2021 00:43

Hi jwoolley et al, I believe UVEL became aware of the tight profit margin due to the number of sub-contractors and brought in a mainland Chinese company to handle all the work the sub-contractors were doing. There hasn't been a direct working in the differences between the charges of the sub-contractors versus the mainland company, probably due to the unrest and the coronavirus adding to the situation there.

The MMs are still a problem here as much as they were going back to 2011. The market spread is still very wide and the price moves on quickly in either direction on little trading. So selling could see a 20% loss with no movement in the bid/offer price. - completely unacceptable. Easy to be locked in. The present real spread is 1.1p - 1.35p - I checked this.

Those holding a lot of shares are aware they are locked in bigtime. However, they also know that buying 10 million shares by an investor would be difficult to achieve without rocketing the share price. Try to buy 50 million and your last trade would probably be 3p+.
Those still holding from 0.6p are on a yield of about 10% in what looks like a good sector to bein.
The highest price paid was 5.9p for 626,906 shares on 12 May 2017.

I agree the LSH problem has spread a lot of doubt and a reason to avoid buying many shares. Your comments all look fair and it is up to Leader Smart to update their website. It is over 4 years since they have done so - from memory, it looks like a broken promise to keep us updated. All a shame really.

[zangdook] 30/12/2020 14:49

If you're concerned about Leader Smart, which has been a separate company for over five years, presumably you've emailed one of the addresses on its website, or the address given in the RNS which announced the completion of the share distribution in 2015?

For myself, I consider my holding there to be effectively a free bonus, as there was nothing for it in the price when I bought my shares, and I always knew it was something to put in the bottom drawer, that might take a long time to come good, if ever.

[dave4545] 30/12/2020 14:06

What they need to do is make losses.

Then the shares will start to fly, all this time they are making money nobody wants to touch these stocks.

[jwoolley] 30/12/2020 14:04

If I remember rightly, I thought the profit margin was extremely tight on the major contract win, and no doubt, the same could be said about this win and extension. I'm happy to be advised different from Noirua if he is aware of this.

I still remain on the sidelines since my sell some time back when we had that crazy increase in the share price, and what is keeping me on the sidelines, is the lack of information on Leader Smart. I'm sure Mr Koo wouldn't be thinking that the longer he leaves talking about the issue, that people might forget???

[dave4545] 30/12/2020 13:39

Look at PEG the mm's are letting that one fly now...6p a while back now 12-13.5p

Surely this one will have it's turn in 2021

[dave4545] 30/12/2020 12:58

I see far worse much higher valued stocks and they are not profitable winning new
contracts all the time.

It really deserves a re-rating but there might be cob webs all over me by the time it happens.

[noirua] 30/12/2020 12:56

Supplementary Agreement No.4, which is for modifying the design and installation method of CCTV cameras ("the Modification Works"), has an agreed contract value of HK$11.2m (approximately GBP1.06m). The Modification Works are to be completed by 29 July 2024 - a date that runs past the original end date of the Main Contract (November 2023).

[zangdook] 30/12/2020 12:47

MMs are so flakey. You could buy yesterday for 1.04 and now you can sell for 1.2. Why don't they just quit market making and send out stimulus cheques?

[noirua] 29/12/2020 12:01

The general performance looks mixed for Univision though like others I detect an improving underlying situation: That is a lot different to the major tanking situation of the share price since I believe, hitting 5p intraday a while back in 2017.

The big plus factor is the low market cap. Having a mainland contractor onboard does give a steadying look to the situation if taken overall. Setting up a new company, a subsidiary as described in UK terms, to finally fulfill expectations on contracts abroad is satisfying. Not sure if mainland China counts as abroad to Hong Kong: Maybe just a bridging fulfillment to come.

[dave4545] 29/12/2020 10:07

mm's control the market.

If they push this one up 50% everybody tries to buy, but as it's unchanged it's dead
despite unless I'm reading it wrong profits have doubled in a bad year or close to that ?

[belfry17] 29/12/2020 09:08

I am pleased with them and can see the next ones being better too. Obviously not much interest hence the MM action, despite a number of buy.

[zangdook] 29/12/2020 08:14

It seems the MMs read the results until they find a hint of a negative, don't bother reading further or looking at the figures, and mark it down. Then there are no sells, only buys. I suppose they make enough on more actively traded stocks to regard their trading losses here as a business expense.

As I've probably said before, if I had spare cash and wasn't quite so overweight here I'd be loading up. NAV is over 2p, with no intangibles listed; revenue is up on H1 2019, the future is promising with two or three more years of business already on the order books.

[zangdook] 29/12/2020 07:55

Results out at 7am, that's a good change from previous years. On a very quick glance they don't read too badly, either.

[noirua] 24/12/2020 15:09

Bellfry17, best to wait for the Half Year results that should be out next week. This year has leveled everything so only the company's Chairman and close advisors know the present position and prospects. The company's Chairman is not known for giving much away or saying anything not backed by legal minds.

There were several times when the Company's Chairman put himself out to be available to talk to people in London. Unfortunately, investors here are spread out over the UK so few attended, I'm told. I was not in a position to attend at those times.

[belfry17] 24/12/2020 15:04

It seems you two might know more than the average investor here - please would you summarise you mr views on the prospects here? Many thanks

[noirua] 24/12/2020 13:27

At least Univision does tell the good news and the bad news. There are very many companies that hide certain matters under the guise that they are unlikely to lose a case or it won't amount to much.
Univision can be criticized all the time for lack of news and very long silent periods of time. They need someone good with words to front far more publications.

[zangdook] 22/12/2020 15:35

3.09pm is 11.09pm in Hong Kong. They must have got the papers this morning and been on to the lawyers all afternoon and then sent the news to the Nomad or whoever processes it in London this evening.

[zangdook] 22/12/2020 15:31

So the MMs knock the price down, even though no-one seems to be selling any shares. If I had cash on hand (and if I didn't already have more UVEL than I ought to) I'd be hoovering them up. It's a pity, though, that may knock the steam out of any good news in the interims.
I almost wonder if DDCHKL just want to grab some cheap shares.

[belfry17] 22/12/2020 15:19

That came out of the blue. It seems to be nothing to worry about based on the RNS but these things never reflect well on the price.

[noirua] 22/12/2020 12:06

The header will be updated once the Half Year Results are announced. The LSH information will be removed once there is an update as to the present situation - shareholders in Univision, including the company's Chairman and two directors, in May 2015 are also shareholders in LSH ( Leader Smart Holdings Limited ).

[zangdook] 22/12/2020 00:47

I haven't lost oonfidence. I don't think either of those historical matters has any relevance to the operation of the company at present, in fact I'm happy that Mr Koo retained his majority ownership. He has a good record of taking care of both business and shareholders. How many companies do you know where the chairman chose not to take his dividend, while paying it to everyone else?

It was a smart move to divest Leader Smart; it could only have been a distraction from the core business. Likewise the loss-making Taiwanese division. I don't want to say that the history of LSH is a lesson in avoiding getting entangled with mainland businessmen, that would be too much of a generalisation, but as I say, I'm very happy with Mr Koo controlling the company.

[noirua] 21/12/2020 16:35

The present situation is similar to what it was in 2011 regarding the share price. Investors about then who came in in 2006 saw a share price over 5p reduce to as low as 0.25p. Few stayed on for the rise in 2017.

Events have made it difficult and two where the Chairman was due to reduce his holding and mainland Chinese companies were to come on board failed to workout. Some confidence has lapsed both in Univision and the company's Chairman. The LSH events and Arbitration proceedings have raised doubt all around. Hopefully, the next results will turn the corner.

[belfry17] 21/12/2020 15:28

Noirua: if their current assets are still pretty good (we find our soon), they are at the level of the current market cap even when you take off the total liabilities. If you include fixed assets as well, the net assets are nearly double the m cap. The revenue is also large so it must just be the area they are based why they are price so low?