Univision Engineering Share Discussion Threads

[noirua] 12/10/2022 10:53

UniVision (AIM: UVEL), the Hong Kong based group announces that it has entered into a loan agreement with Webright Ventures Limited ("Webright"), a company incorporated in Hong Kong, to borrow HKD 12 million (approximately GBP1.38 million) from Webright. The loan will be unsecured, will have a period of three months, and an interest rate of 8 per cent. per annum. Around half the loan will be used as funds set aside ahead of the hearing of the Winding-up petition against UniVision, which was first announced by the Company on 4 January 2022, and is due to be heard in Court in Hong Kong on 18 October 2022.

Further to its announcement on 29 September 2022, the Company is still working with its auditors to complete its audit and publish its annual report, after which trading in the Company's ordinary shares on AIM is expected to recommence.

[noirua] 29/9/2022 12:36

There is an outside chance that UniVision could reverse into mainland China via a newly set up subsidiary or become a subsidiary in itself to China Railway Engineering (Hong Kong) Limited and China Railway Wuhan Electrification Engineering Group Limited.

[noirua] 29/9/2022 11:20

The market cap is just GB£1.15m or HK$9.83m at 0.3p a share - at the bid price of 0.2p just £766k or HK$6.553m.

The danger is that the shares do not return to quotation on AIM as UniVision expects at this point. That would only be due to failure to reach an agreement with 'potential investors' or a conclusion that it appears unlikely.

It does look as if a potential investor would be a company that could in itself offer the increased potential to UniVision and an advantage to itself likewise. The ideal situation. Otherwise, UniVision will find it difficult to take on new contracts.

Buying say 300 million shares on the market would cost way more than 0.4p a share the present offer price. So I doubt anyone will make the slightest attempt to do this. So any agreement is likely to be difficult.

Monday 3 October leaves just to the close on Friday for investors to make a decision on which way to go on this. If there is a lot of selling then 0.2p will not stand for long - on the other hand, many may prefer to gamble on this.

[zangdook] 29/9/2022 10:58

It's unusual to announce a suspension in advance of it happening. I don't think I've ever seen that before. It gives a chance to dump or stock up.
I don't plan to do either, though the MMs will take large quantities at the current price, 0.204p.
I wish I had a strong enough opinion on where this is going to act one way or the other, but I haven't a clue.

Provided it doesn't collapse, I consider the company greatly undervalued despite everything.

[noirua] 29/9/2022 10:39

Publication of Annual Report and Accounts delayed

UniVision (AIM: UVEL), announces that it needs more time to complete its audit and will have to delay the announcement of its results for the year ended 31 March 2022 and the publication of its Annual Report and Accounts for the same period.

The Company, together with its auditors, need further time to assess the effects of the termination of its long-term major contract with MTR Corporation Ltd, which was announced by the Company in June 2022, together with the up-to-date position with regard to previously announced legal disputes including the winding-up petition and counter claims first announced on 4 January 2022, and now due to be heard by the court on 18 October 2022.

Whilst the termination of the MTRC contract occurred after the year-end, the certification of work completed, invoicing, and approval for work completed prior to the year-end, which would normally take some months to finalise in the normal course of events, is taking longer given the termination of the contract and the need for both parties to agree on a final position. Whilst there is currently no agreed position, the Directors believe that the results of this review may result in significant provisions affecting both revenue and contract debtors.

In addition, the Company announces that it is in negotiations with potential investors who are looking to make a substantial investment in the Company. Whilst these negotiations are advanced, the terms of any investment are not yet agreed and so there is no guarantee that the investment will proceed. Further announcements on this matter will be made as appropriate.

As a result of not being able to publish its Annual Report and Accounts by 30 September 2022 in accordance with AIM Rule 19, trading in the Company's ordinary shares on AIM will be suspended from 7.30 am on Monday 3 October 2022.

The Company aims to complete its audit and publish its annual report within a matter of weeks of this announcement, post which trading in the Company's ordinary shares is expected to recommence.

Further updates will be made in due course.

[noirua] 26/9/2022 08:32

UNIVISION ENGINEERING SHARES ARE REALLY LOW-PRICED, though the up-and-coming court case on 18 October is a big factor as is losing the railway contract! The fall of the pound sterling against the Hong Kong dollar is 24% since its high in June 2021. As pointed out by Zangdook the Final Results are usually in early September. This year later than usual.


GB£ v HK$

[noirua] 22/9/2022 12:47

Yes, we have to go way back to 2009 when results were presented on 30 September. Earliest was 26 July 2006. Probably understandable in the present uncertain situation. Mind you, Univision should take a page out of Power Metal Resources book and RNS several times every week. Also, occasional podcasts would help and an updated Twitter account. The present board of directors are simply lackluster and appears to be a sleepy lot or more likely not much bothered about the company as long as pay lands in their bank accounts - I exclude the chairman from this sentence of course.

[zangdook] 21/9/2022 08:26

results are usually first week of September

[noirua] 03/9/2022 16:03

Jobs available in early August:

[noirua] 27/8/2022 07:38

Remembering this website is robot-based we can see much information that is useful and take some just as fun:

[knigel] 25/8/2022 15:13

It’s hard to see the company going bust… I wish they would do a 1 for 100 share consolidation - at least it might help with the spread!

[noirua] 25/8/2022 09:43

I bought some shares this morning at just under 0.3p a share. It takes my holding to just 1 million shares. My buying has been at 0.93p, 0.495p, and 0.2962p to average 0.57p so quite a bit higher than the current 0.275p middle price. I mopped up all available shares under 0.3p.

About 2 months to go to the court decision. I'm still backing Chairman Stephen S M Koo
to get out of the present situation as he has so much experience in the ups and downs of the sector and life in Hong Kong, Mainland China, and dare I say these days Taiwan. Apart from that, I'm clueless as to what is going on though government railway contracts are on tight profit margins.

[knigel] 22/8/2022 14:00

The spread is still so off putting : someone sold today at 0.20p while there’s a purchase at 0.31p …

[noirua] 21/8/2022 12:18

I'm about as certain and uncertain as anyone else about UVEL. Having seemingly lost their main rail contract 'till 2024 there appears no sign of any new contracts though they have been known not to announce good news in the past.

Having notified a lowering of profitability they may well be struggling unless they reduced staff quickly. The loss of a director will be financial good news though maybe he knows the score and jumped ship having a more certain position elsewhere.

Debt must be a concern and servicing it more difficult. The market cap priced at 2.75p is just 1.1m. Buying at 3.5p is difficult in quantity and indicates £1.4 m/c.

A dividend announcement is likely to reveal diddly squat this time round.

[noirua] 19/8/2022 12:01

Reminder: UniVision (AIM: UVEL), the Hong Kong based group whose principal activities are the supply, design, installation and maintenance of closed-circuit television (CCTV) and surveillance systems, and the sale of security related products, announces that, further to its announcement on 19 April 2022, the Court hearing in respect of the Winding up petition, is now agreed to be heard on 18 October 2022.

[noirua] 29/7/2022 12:38

UniVision (AIM: UVEL), the Hong Kong based group whose principal activities are the supply, design, installation and maintenance of closed-circuit television ("CCTV") and surveillance systems, and the sale of security related products, announces that CHAN Chi Hung Ivan, known as Ivan Chan, has tendered his resignation as a Director and will leave the Company on 1 August 2022. The Company is already looking to appoint a replacement and a further announcement will be made in due course.

Also a director of Leader Smart Holdings Limited LSH - see header. Will be interesting to see if a mention is made on the LSH website.
Leader Smart Holdings Limited website:

[noirua] 29/7/2022 11:50

Even after today's 1m shares buy MMs want 0.347p to buy and give 0.2p to sell. A real spread of 42% - probably the widest on AIM. The MMs on Univision are vying for the wooden spoon award as usual - probably going for quite a large set.

[noirua] 20/7/2022 12:05

The market cap is just £1.05 million at 0.275p. Confidence has evaporated. Quite sad really.
What is going on?

[noirua] 19/7/2022 12:17

Two 7 million trades today indicating sells so unless they are a flip there are few holding that many - about 2%.

[knigel] 22/6/2022 14:37

Of course if this happens there will be sanctions from the West - more supply issues and more inflation!!