Univision Engineering Share Discussion Threads

[noirua] 19/10/2021 13:56

Noirua - 22 Sep 2021 - 14:04:59 - 1093 of 1099 UniVision Engineering Limited -- Information Thread - UVEL
Due to the short-term loan structure, the failure of SinoCloud to complete, the reduction in the dividend, the ongoing lack of announcements over Leader Smart Holdings. I've reduced my price for UVEL from 0.85p to 0.75p.
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I can't see any change since September in Univision. The negatives have been brought on themselves and can be solved. Two with no real difficulty and the other with just a bit more.

More recently in June was the walking away by Sinocloud from a deal. Popular views see the main reasons as the debt factor, profitability of current contracts and the position of Hong Kong itself as a complex equation with no end.

Second are the longer term debts principally tied up on current contracts and to Chairman Stephen Sin Mo Koo himself.

Third is the old chestnut Leader Smart Holdings with large question marks getting ever bigger and a reluctance of the directors of Leader Smart to come clean on the Arbitration in Guangzhou. What is going on? Not part of Univision but it is a sceptic sore to be looked upon.
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Honesty is one thing not in doubt. But delay and not coming clean on everything is another. If a company hides away information as in the case of LSH it does effect companies not directly associated if they have the same directors.

[noirua] 05/10/2021 11:30

Leader Smart Holdings Limited - Header being further updated. Delayed due to translation difficulties.

Lack of information from Leader Smart Holdings Limited should be considered as serious due to the time delay. This of course only concerns directly those holding such shares from May/ June 2015.
Director of Leader Smart Holdings Limited - Chan 'Ivan Chan' Chi Hung:
www.proactiveinvestors.co.uk/LON:UVEL/UniVision-/rns/831018
Ivan Chan does not have any direct and indirect interest in the issued share capital of the Company.
Chairman is Mr Stephen Sin Mo Koo also Chairman of Univision Engineering Limited.

[noirua] 22/9/2021 14:29

That trade at 0.95p at below the 1p bid shows the MMs do not want stock. Should UVEL get more profitable nongovernment contracts the ball game changes? Maybe they will bring LSH back into the fold though the property sector is bad news at the moment.

[belfry17] 22/9/2021 14:06

Either that or you just dumped your last holding at 0.95p ;-)

[noirua] 22/9/2021 13:52

Hi meathed, I sold out at 2.68p on average in March.

[meathed] 22/9/2021 13:33

That's a good price. How many are you selling?

[noirua] 22/9/2021 13:04

Due to the short-term loan structure, the failure of SinoCloud to complete, the reduction in the dividend, the ongoing lack of announcements over Leader Smart Holdings. I've reduced my price for UVEL from 0.85p to 0.75p.

[meathed] 08/9/2021 01:16

Those are just figures extracted from the results and rounded. It doesn't add any value when we have the detailed figures from the company itself.


Current liabilities
Trade and other payables 5,179,172
Contract liabilities 1,572,245
Bank borrowings 561,535
Lease liabilities 42,959
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Total current liabilities 7,355,911
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Non-current liabilities
Amount due to a related company 393,074
Lease liabilities 21,924
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Total non-current liabilities 414,998
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Total liabilities 7,770,909
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Loans to and from management are covered in note 30.

[noirua] 07/9/2021 22:36

Simplywallstreet gives the short-term loan situation at UVEL as £7.36 million and the long term at £415k.
Simply Wall Street's latest Assessment of Univision Engineering Limited


Part of this loan was provided by the company's Chairman Stephen Koo.

[dave4545] 07/9/2021 07:12

I reduced by 300k at the open, seeing as Wins opened at 1.2p

Results were not poor but were not exciting either.

I'll leave the rest now and hope a contract Rns gets a spike out of them and I can reduce or sell the rest for perhaps 1.5p

[noirua] 07/9/2021 00:25

There are outstanding loans as well as a loan provided by Chairman Stephen Koo. The possible payout on the legal matter may raise this further. The reduction in the dividend looks like a defensive move.

[knigel] 06/9/2021 20:43

There has been talk about opening up offices in other regions - which makes sense - will keep holding as the share price has seen the occasional spike on contract news - but unlikely for a while

[belfry17] 06/9/2021 19:48

I think your target price figure is actually close to 66% of the current assets less total liabilities, making it a big discount. It would likely be a great entry but the current market cap is about level with current assets less total liabilities, so already it is cheap enough for me. Obviously, the location is not that appealing to some investors. In any event, we may see another offer for the shares or a large contract soon so a spike/ re rate might not be too far away.

[noirua] 06/9/2021 16:51

This link hasn't been updated yet due to a holiday in America:

[noirua] 06/9/2021 16:46

So it looks like swings and roundabouts here for Univision's Annual Results. Therefore I retain my share price for UVEL at 0.85p.

The legal factor is worrying and many companies steer clear. I did suggest Leader Smart Holdings LSH be brought back into the fold after being hived off in 2015. Of course, there have been no announcements since 2016 (about 5 years) another worrying factor.

Generally an unhappy situation perhaps sad.

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On the legal matter, they mention a negotiated settlement. If I read it correctly that means paying something in HK$s.

[belfry17] 06/9/2021 16:42

That was published some time ago, so you would have thought they would know a lot more about it than us, and certainly by the time the rns about the moi was published.

[noirua] 06/9/2021 16:39

This looks as if it could be the reason why Sinocloud did not complete their deal. Of course, it may be something else or a combination of factors:

As previously announced, the Company received a writ of summons (Statement of Claim), Hong Kong High Court Action No. 2090 of 2020, from the solicitors of Dimension Data China Hong Kong Limited ("Dimension Data"), the Plaintiff, on 14 December 2020 alleging breach of contract, claiming against the Company for liquidated damages for an amount of HK$10.95m plus pre-judgment and post-judgment interest and legal costs. The Company has cross-claim against Dimension Data , inter alia, for breach of contract and/or negligence and/or misrepresentation and accordingly to claim for loss and damages for the same and legal costs.

The Board does not consider that the claim has any foundation and believes that Dimension Data was in breach of protocol in the manner in which it has brought this claim. The Defence and Counterclaim were filed to the High Court on 24 February 2021. The solicitors of Dimension Data filed the Reply and Defence to Counterclaim on 28 July 2021.

Based on legal opinion, the said Action has reached the stage of close pleadings, whereas parties are expected to enter into statutory mediation in due course. Whether the parties might reach a settlement out of court would depend on the course of mediation and other factors. Up to the date of this report, no mediation between the Company and Dimension Data has been conducted.

[noirua] 06/9/2021 16:28

To reward and thank our shareholders for their support, the Board recommends the payment of a final dividend of 0.26 HK cents per share (2020: 0.55 HK cents).

A reduction of 52.7% in the dividend in HK$ terms - 59% in GB£s

However, as profits, etc., are in GB£s add 6.9%. to all sums quoted to compare to HK$s last time out.

[knigel] 06/9/2021 16:23

Let’s see if this has any effect on the share price tomorrow..

[belfry17] 06/9/2021 16:02

Results are out. A small profit, decent revenue (as expected), small dividend, improving balance sheet... I am fairly happy with that.

[knigel] 03/9/2021 14:41

I think results were 7th September last year? So maybe this time next week we will see some action lol

[dave4545] 03/9/2021 11:16

10% down on a £500 sale

About right for Uvel mm's

[dave4545] 23/8/2021 16:05

Maybe the deal was all paper so no interest to koo ?

Usual rip off day for Uvel, buyers paying 1.3p and the seller getting 1.1p

I doubt this will ever change, just a small but never ending pay day for mm's

[belfry17] 22/8/2021 19:28

Or they just couldn't agree on a few things. It is all guess work so no point in worrying about it.

[noirua] 22/8/2021 19:19

It would be interesting to know what Sinocloud Group Limited found that they did not like about Univision? It must have been something that they viewed, from their point of view, that made it not worth the price offered or something else entirely. Either way, it is worrisome.