Univision Engineering Share Discussion Threads

[noirua] 06/7/2023 12:21

On paper, I'm well ahead with my holding worth £12k at 0.6p bid. I won't be selling unless it goes past 1p.

[johnjames876] 06/7/2023 12:13

A new pump n dump

[noirua] 06/7/2023 12:07

OK to hold on to UVEL but dangerous to trade with MMs stil having a very wide spread indeed. 0.5p looks a fair price to pay but try getting anywhere near that when selling.

[knigel] 06/7/2023 11:34

Looks like 0.5p might be reached sooner rather than later..

[noirua] 06/7/2023 08:04

After sleeping for 8 months Univision has woken up and is taking shareholders on a Bucking Bronco ride.

[johnjames876] 05/7/2023 13:27

Dnt be caught when this is suspendedb

[noirua] 05/7/2023 13:20

UVEL is going along well and is now at 0.35p. There has to be I think plenty of volatility ahead between 0.1p and 0.5p. Impossible in my mind to know where it ends up. The MMs appear to be watching a tad nervously.

[knigel] 05/7/2023 12:00

Read further down the report - fine for the next twelve months - and a possible significant investment in the works.
It was already priced to fail..

[babbler] 05/7/2023 11:34

Why?MATERIAL UNCERTAINTY RELATED TO GOING CONCERNThe Company reported a loss of GBP256k for the six months ended 30 September 2022. As at 30 September 2022, the Company's equity attributable to the owners of the Company amounted to a deficit of GBP2,411,164 and its current liabilities exceeded its current assets by GBP4,850k. The Company's bank borrowings were collateralised by its deposits placed for life insurance policies of GBP2,199k. The Company had total unrestricted cash and bank balances of GBP271k. These conditions indicate that a material uncertainty exists that may cast a significant doubt on the Company's ability to continue as a going concern.

[zangdook] 05/7/2023 10:28

I almost wish I had the nerve to average down but I have a ridiculous amount already.

[johnjames876] 05/7/2023 10:21

Suspension soon

[knigel] 05/7/2023 10:10

Definitely moving up sharply atm..

[noirua] 04/7/2023 22:38

The share price moves sharply up and down with no large trades to be seen. So it's not possible to be sure where the price goes very short term. If a 5 million share trade comes in the Market Makers will be in abject shock and will fall off their chairs.

[knigel] 04/7/2023 14:50

Some more buying today :-)

[noirua] 29/6/2023 09:15

UVEL appear financed for a year or two and likely to receive a reasonable sum from the cancelled MTR contract. They also are sure to get contracts from the two largest railway companies in China and prison contracts in Hong Kong.

Sold down too far with most legal problems settled may rebound to 0.5p short term.

[knigel] 29/6/2023 09:12

Manage to get £750 worth - seems like the share price will move fast on any significant buying (or selling). Hopefully more updates soon - should have got some yesterday - well done Noirua! (Hopefully a rising share price will make funding easier)

[knigel] 29/6/2023 08:08

Difficult to buy this morning..

[noirua] 28/6/2023 09:00

I've increased my holding to just 2m shares and will consider adding more as we go along. The average price paid is now 0.2754p so still way adrift.

[noirua] 19/6/2023 11:33

I did a dummy buy trade of 1,037,506 shares and a price of 0.20p came up. My present holding is 962,494 bought at an average price of 0.464p.
The later price offered was 0.15p with 3.6 million available. I do not have a clue what the correct price should be.
20/6/2023 - dummy trade 1,500,000 shares at 0.144p buy - sell is at 0.05p for a market spread of 65.2% therefore beyond tradeable.

[zangdook] 19/6/2023 11:23

No trades yet. It's hardly surprising, we had a few days warning before suspension. If anyone wanted out at any price they could have gone then. But the situation is still too uncertain to buy imv, and anyway I already have more than is good for me.

[zangdook] 19/6/2023 07:02

0.1 to sell, 0.25 to buy. Sit tight and watch.

[zangdook] 19/6/2023 07:00

Well, that's good news. I don't know how to react though - buy more? sell quick? - so I'll probably just sit tight and watch.

[noirua] 19/6/2023 06:55

Trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 19/06/2023 at 7:40 am, the half-yearly report having been published.
You were spot on zangdook they were waiting for the Half Year Results.

[zangdook] 19/6/2023 06:05

Will we now come out of suspension with the release of the interim results?

(I don't understand why we haven't been delisted as we've been suspended over six months, but maybe there's a reason.)

[noirua] 10/6/2023 11:01

The header is being updated as crossing my fingers that Univision UVEL will recover from here under the guidance of Chairman Stephen Koo.