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Correction to the last message. I think the share price should rerate to 4.4p and 8.8p given pbt of �1M and �2M and a PE of 10. Apologies I was too high initially at 22p and 44p. But you never know!
Am I right on this?? UVEL Mr Koo has stated this new contract will increase profitability considerably. PE ratios of similar cos seem to be between 10 & 20. If earnings rose to �1m next year a PE ratio of 10 would give a market cap of �84m, share price of 22p. If earnings rose to �2m (say the year after next ye 31/3/19) a PE ratio of 10 would give a market cap of �168M, share price of 44p. So if the profit increases to �1M pa the share price should rerate up from current 2.2p to 22p or there or thereabouts.
Market cap must surely need rerating for this new contract. Assuming everything else remains the same the profit uvel should make with this new contact coming on board from Nov 2017 IMHO ye 31/3/18 �1M and then ye 31/3/19 onwards �2M+ that's before exchange diffs. Compared to ye 31/3/17 actual of �400K quite a difference. Ye 31/3/19 (first full year of main contract) Estimates T/O �11M Gross profit 30% �3.3M Admin/loan costs �1.3M PBT �2.0M. All my estimate but what's the market cap of companies making a couple of million plus per annum? Surely must be more than current �7M?
yep- I have some in. Down about 10 % or so but should pick up. Moves quickly
lot of trades today - looks like something happening below the surface!
Evening mannan. Seems a bit undervalued for me this with revenues hitting any time. Can�t complain today as my nccl is back up again. Markets a bit volalitle at the moment with tax man getting paid for some over next day
See you on the next news
I'm with you EyeGuy They talk about more contracts potentially coming soon and this is only mid-price at best. Got to be a buy for me !
I�m about 300 quid down but happy to hold. Seems a few used the spike as an exit point but should pick up now
Looks like a big seller is clearing out for pastures new ? Very strange after such an important positive update. I guess its a case of take the profits and run ?
Winning this significant contract has demonstrated UniVision's capability to the market and has led to other enquiries and opportunities for the Group to tender for other potentially significant CCTV installation projects. The landscape is very competitive and the Company is not yet aware of the outcome of these opportunities, but we will keep shareholders informed of any developments when appropriate. With the major contract with MTRC, the Board believe that the amount of our current order book is in the region of HK$440m, which should provide a stable revenue platform for the Company in the coming few years.
Should be going - ha ha
Morning all. Let�s see if we get a delayed market reaction. Rns seems great and with monies hitting and the extra contracts and banking facility this shouldn�t be going one way
Agree knigelk. My cash is staying in this one. Revenues coming in monthly and now with the banking facility plus additional contracts this would appear too cheap at this level
Just not an oil or tech sector shares - the ones that get all the attention and hype.. At least this company has revenue and will make decent profits going forward. It will re-rate eventually..
and they have tendered for more contracts so possibility of more contract wins - i am so surprised that this has not moved much at all, its got to be worth alot more than where we are just on what we have?
am guessing there are some big sells in the background being worked given the SP action? Aim is funny, you get a great RNS and a rubbish rise but there are other rubbish shares on AIM that have crazy SP?
By many
Yes great update - personally not that surprised as the contract was known about but the additional HK$18 revenue added is great and also good to know all the ground work is done .. good on bank facility too - no need for a placing. So not a "wow!" from me but a thumbs up and share price going back to were it should be .. north of 3p to start with... just hope we do not get a repeat of last year ... decent spike then gradual retrace on profit taking GLA
Amazing. First revenues been invoiced and HSBC banking facility. Incredible news
RNS still not showing on the other site so some not seen this
Wow!!! Well that one crept under the radar! Wasn't expecting that!! Bring on 6p!
HSBC banking facility too: Increased bank financing The Company has entered into a new facility agreement with the Hongkong and Shanghai Banking Corporation ("HSBC'). HSBC, the Company's existing banker, has agreed to provide additional banking facilities including an invoice discounting/factoring facility of HK$45m, which will be used exclusively for the trade receivables from MTRC. Also, HSBC will provide a trade facility of HK$8m. Interest will be charged at HSBC's HKD Best Lending Rate. This facility will provide additional working capital to ensure that the MTRC contract can operate smoothly alongside the rest of the Group's operations. In addition, the Company has been provided a surety bond facility of HK$30m by a leading insurance company, Berkshire Hathaway Specialty Insurance Company. The Company has used HK$11.7m of the facility for the performance bond of the MTRC contract. The unutilised facility as at today is HK18.3m and can be utilised for other potential projects in coming year.
Amazing rns and I�m in for a couple k
Wakey wakey