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Not guaranteed to be this week, could slip into September.
I requested an update on timing and was advised they were unable to tell me as price sensitive. Hopefully a good thing !
Maybe today or tomorrow max. I got 61K just now
The RNS in mid July stated "As we have announced previously, we look forward to reporting our final results in August" - so should be getting results this week. Think they normally announce on a thurs or fri so lets hope a full year of the contract improves the P&L as we would hope and maybe a divi increase!
So another contract awarded, with possibly more to come plus the potentially bumper results showing the income and increased profits from the MTRC contract coming in August. All very encouraging for new investors and long term holders alike. Exciting times ahead!! GLA!
Another contract, hopefully see a rise today and build into full year results next month. I liked the wording 'This represents one of the first few contact win from Hon Kong Government since we announced that the temporary tendering suspension had been lifted in May 2019' does this mean a couple more to come soon?
Time to buy. It feels that the loan was for bidding for another contract. Imagine another contact with same or half size of MTRC contract.
Im buying for long term now.
Chance to top up again as all sounds very positive.
Anyone else have views?
Univision Engineering Limited was Incorporated in Hong Kong on 23rd November 1979. The company joined London's AIM market in November 2005. All of UVEL's interests are based in Hong Kong.
07/12/2018 - Interim Results to September 30 2018: https://uk.advfn.com/stock-market/london/univision-engineering-UVEL/share-news/UniVision-Engineering-Ltd-Interim-Results/78841590
In the six month period under review, revenues for the Group increased by 187% to HK$66.8m (H1 2017: HK$23.2m). The sharply growth of construction revenue was mainly due to significant income HK$43m (H1 2017: $2.5m) was generated from the MTRC Replacement of CCTV Systems (the Project).
The profit attributable to the equity holders of the Company is HK$10.6m (2017: 2.1m). Profit before interest and income tax from operations during the period at HK$10.8m (H1 2017: HK$2.1m).
The Company has entered into an HKD 3 million, interest free, loan with UniVision Holdings Limited. UniVision Holdings Limited owns 47.9% of the issued share capital of the Company and is wholly owned by Stephen Koo. Including a previous loan of HKD1.2 million, made in year 2017, the total amount owed to UniVision Holding Limited is now HKD 4.2 million. It is a condition of EMSD that the HKD 3 million loan announced today may not be reduced or repaid to the lender without EMSD's prior permission.
However, the effect of entering into this Loan Agreement is to provide sufficient asset backing for the Group, to allow EMSD to lift this temporary suspension and allow the Group, once again, to be able to tender for new government contracts offered by the Hong Kong Government Works Branch.
Guys. Chinese company beware of dodgy dealings imo.
KNIGELK They had the loan sorted for the MTRC contract this is for future contracts. But i say it again where is the profit if they need this very small loan. Remember this is HKD . I did make contact with the company last year about further contracts.
Understand your point - but as the poster below states - it's probably to do with having a bit more financial backing behind the company to avoid any risk of the company going bust during the contracts - which can be over many years.
Gov. awarded contracts often need to see their is sufficient fund backing/Insurance in order to become an approved supplier. In turn being regarded as low risk for the award of contracts in the future. Hence why permission would be required by EMSD to alter the loan.
Looking good
.
KNIGELK I don't get why they need this loan . Where is the profit from the MTRC contract. It's been active since May 2017.
Excellent news - will add. Maybe 3p later today?
LSH Leader Smart Holdings Limited: https://companyregistry.kompany.com/p/hk/f0021801?track=sea_oss_product_regreponly&origin_uri=/companyregistry/en/sea_k01
LSH Website: http://www.lshld.com/en/index.html#
No Clue, can't share my views. There is no point for LSH as it remains a private HK company registered in BVI. more details can be read here https://offshore-lce.com/
Problem with Univision is that there are often long spells with no news. The present 6 year contract should see eventual full year profits up 200% through to 2024 and dividends up about 400%' once all the cash held and start up loan structure is satisfied to MTR. This then allowing UVEL to bid for further new contracts. With new board members it looks as if they are getting set to expand into Macau and mainland China.
The future expansion for Univision looks very bright indeed.
Amazing how a company in profit can be so overlooked
No big bang then, it's a wait till next year and the FY accounts .
What's useful now is we have some clarity on margins on the MTRC contract. Previously we had no idea. With that info it's fairly straightforward to calculate the likely Post Tax Profit of the contract and thus how much cash the company will throw off over the life of the contract. This underpins the share price (and then some). Additional follow-on contracts with MTR, contracts outside HK using the MTR contract as proof of deliverability etc are all on top
Just waiting for the market to catch up.
Interims give the company a PE ratio of less than 4.5, it also has a long term contract over several years.
No reaction to the results though : (
Profits up 391% :)
RNS
It'll probably be tomorrow lol