Member Info for KNIGELK

Not more than a few thousand or silly money for £3k (advfn poster)... RNS must be coming imo

plus 23% now...

Thanks for the heads up, just got in GLA

How is the share price being held down? (update now on GC)

Something is up and a director of the new 3% shareholder appears to have a connection (see GC later). Apparently you could sell 500k at 4.1p this morning (7% of the share issue). Someone wants these shares bad and I am now wonderng if I should start adding again!

Agree only 1/2 projects appear to have a future with Newcrest to update on 2013/14 plans. The only plus at the moment is that cash NAV is circ 0.50p once proceeds are received so little downside - just not much upside either.

Not sure - will let you know in the morning (prob 4.4p)

I sold 60k on avia last week and had no problem selling... someone wanted the shares so perhaps stakebuilding or funding... anyway I have 3.05% now so will wait for news there. UVEL news could be 2 weeks or 2 months depends on sale of the mall and/or contract news prior to July results GL

I was thinking of moving some funds elsewhere but decided to keep it here for now (same with TLY). Will have time over the bank holiday to review and perhaps add some new investments next week so will be keeping an eye on GC for recs. Cheers N

I was not at the presentation hence my confusion on whether this is a new contract or not. Apparently the dividend will be annually and please investors, The mall proceeds should be £7-8 million but there is a loan outstanding. Not too sure about the history of this asset and only been an investor for 9 months. The CEO appears positive on the future and expanding into other areas and countries and the proceeds should speed this up. No plans to go private and any placings will be at a premium to the market price. On other BBs talk is of the shares being worth 2-3p once the proceeds are received so a long term buy imo..

If this relates to the on going contract at the mall (which is likely) then it should not impact the sp. What will impact the sp will be confirmation of the mall sale due in 2/3 months time, level of dividend payment and outlook.

It is possible this contract actually relates to the 2007 contract for The Mall and the difference relates to the exchange rate change during the period. However it could have been clearer on the presentation slide if this is the case. Apparently if you read all the RNSs it will make sense (advfn poster). Apologies but I will email the company to seek clarification of this.

It is a division of Univision and should only be positive for the share price

Perhaps the company wishes to keep the share price down for a reason? The directors did a tour of the city while over here from Hong Kong and Mr Koo said that if in future there was any placing made (for expansion into China) it would be at a premium to the share price and perhaps a way of reducing his 72% shareholding as he has no intention of taking the company private. AMA not looked for a while so will let you know on GC or the thread later this weekend. Thanks

The last RNS was about the shareholders presentation meeting and the contract is within the presentation slides so perhaps the company thought this was sufficient?

Yes but all parties agreed to work on a resolution within three months otherwise (I believe) a judge would make a ruling which would happen in July/August. Apparently at the presentation meeting both directors were very relaxed about the situation as if it was now history/resolved (according to one attendee).. The company is hoping to issue the results around the same time as confirming the sale of their shareholding in the Mall. This could be transformational as I think the proceeds will be £6-7 million?

It is a £ 6.9 million contract awarded to UVEL Leader Smart division. It is in relation to the Zhongshan Shopping Mall Project and includes an "turnkey solution" within the mall, interior design and outside installation of CCTV/alarms. No timeline is given sorry but still significant news. The company is issuing results July/August and The Mall sale would be completed around the same time. I expect a re-rating to 2-3p once this is resolved and details on what the company will do with the proceeds is known (looking at expansion into China)

Within the presentation pages is the news of a new massive contract being rewarded - double current market cap?

Apparently went very well. Dividend will be annually and will please shareholders.. Results due in July and sale of The Mall likely around the same time. Company is profitable and generating cash. Appears to have new products and looking at other areas outside HK/.. (thanks to advfn posters)

Well QPP offers short term upside but be wary of the ramps ie. talk of 40p lol.... It will do well to get back to 15p in the short term so if you are interested in the company it is one to tuck away for a few years. My main concern is speed of acquisitions and issuing of shares like confetti so although I got some will be out when my target is reached. King999 really sorry to hear this but it is not HHR specific - its the market and regulations but they should have been able to accommodate overseas investors. I presume you will be entitled to receiving dividend payments so you should get back the 30% in income alone over 2-4 years if rumours of the level of dividend payments is true...