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(UVEL.L) Univision Engineering Ltd Buy/Sell
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| Date/Time | Headline | Source |
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| 29-10-09 | RNS |
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RNS Number : 6024B UniVision Engineering Ltd 29 October 2009
UniVision Engineering Ltd ("UniVision" or "the Group") Result of Annual General Meeting UniVision, the Hong Kong based designer and installer of digital surveillance and integrated security systems, today announces that at the 2009 Annual General Meeting, held at 8/F., Lever Tech Centre, 69-71 King Yip Street, Kwun Tong, Kowloon, Hong Kong on 28 October 2009 at 5:00pm (Hong Kong Time), all resolutions proposed were duly passed.
For further information visit www.uvel.com or contact:
Stephen Koo, Chairman Chun Hung Wong, CEO Allenby Capital Limited
This information is provided by RNS The company news service from the London Stock Exchange END
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| 30-09-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 9793Z
UniVision Engineering Ltd
30 September 2009
30 September 2009
UniVision Engineering Limited
("UniVision" or "The Group")
Results for the Year Ended 31 March 2009
UniVision Engineering Limited, the Hong Kong based group whose principal activities are the supply, design, installation and maintenance of closed circuit television and surveillance systems, and the sale of security related products, today announces its audited results for the year ended 31 March 2009.
Highlights
* Turnover decreased by 37% to £9.2m (2008: £14.5m)
* Profit before Interest and Taxation decreased by £1.5m to £0.4m (2008: £1.9m)
* Gross profit margin improved by 3.4% to 33.4% (2008: 30%)
* Loss after tax of £0.5m (2008: profit of £1.3m)
* Loss per share of 0.14p (2008: earnings per share of 0.36p)
Mr. Stephen Koo, Chairman, added:
"The current financial year has been difficult and full of challenges for UniVision. Unfavourable economic conditions from the global financial crisis seriously affected the progress in our larger projects. It is the first year the Group has recorded a loss after tax since listing on AIM. Nevertheless, we have confidence that our performance in the coming year will improve. Our Security and Surveillance business is experiencing strong market demand and provides a stable income to the Group, while the Electrical and Mechanical operations should have a good year.
"The Company is confident it will maintain a competitive advantage in its core CCTV and surveillance business, and achieve growth through the Electrical and Mechanical ("E&M") business."
For further information visit www.uvel.com or contact:
UniVision Engineering Limited +852 2389 3256
Stephen Koo, Chairman
Chun Hung Wong, CEO
Allenby Capital Limited +44 (0) 207 510 8600
Nick Athanas / James Reeve
CHAIRMAN'S STATEMENT
INTRODUCTION
I am pleased to report the Group's results for the financial year ended 31 March 2009.
Last year was a challenging year. Investment and projects are pending or have been delayed due to unfavourable market conditions. The turnover of the Security and Surveillance Systems business declined during the year. Efforts have been focussed on maintenance services, which have enabled constant cash flow for the operation of the Group. Given that infrastructure projects are to be implemented in the coming years in Hong Kong, as well as the expected growing demand for Security and Surveillance in the Greater China Region, we expect an improved trading performance in the short to medium term.
Our Electrical and Mechanical ("E&M") business, which is operated through Leader Smart, a wholly owned subsidiary, based in Shanghai, is improving. We now have a successful operation in the Zhongshan shopping mall in the People's Republic of China (the "PRC"). We have also secured a hotel project in Huangshan, a famous tourist destination in the PRC. Investment has slowed due to the financial crisis, and subsequently the progress of our E&M business has been delayed. We see market conditions improving and once additional funding is available, the above mentioned project will be implemented immediately.
FINANCIAL REVIEW
During the period under review the relative strengthening in the HK$ against sterling has led to a 14.2% appreciation in the GBP reporting amount in the Income Statement and a 28.8% in the Balance Sheet. All figures in the Financial Statement need to be adjusted for comparative purposes.
Turnover decreased by 37% to £9.2m (2008: £14.5m). This reduction was mainly due to the delayed progress of our E&M projects in the PRC. As a result of this and adjustments relating to the reversal of prior recognition of deferred tax assets on the Group's balance sheet and goodwill impairment in the Group's Taiwan subsidiary, the Company recorded an after tax loss of £0.5m for the year. Nevertheless, our Security and Surveillance business remained stable for which the major customers are public organisations and government departments. With the expected contribution from the E&M projects in the PRC in the coming year, I believe that the turnover decline and the reported loss in this year to improve in the current financial year.
Gross profit margin improved to 33.4% (2008: 30%) due to the effective cost control on the resources of enterprise. The "resources of enterprise" represent our human resources , i.e Project and Maintenance teams, sub-contractors, logistics, and inventory.
Administration expenses increased by 6.2% from last year to £2m (2008: £1.9m). Finance costs increased 207% to £0.7m (2008: £0.2m) due to the provision for interest payable to our Holding Company for the US$6m loan. No significant capital investment occurred in the current year.
Earnings before Interest and Tax (EBIT) are £0.4m (2008: £1.9m). Net (loss)/profit before income tax is (£-0.3m) (2008: £1.7m).
Basic earnings per share decreased from 0.36p to (0.14p) as the Company recorded a loss after income tax in this year.
BUSINESS REVIEW
Markets
Although the financial crisis of the last year has slowed down the investment in technology and the growth of the economy, IMS Research's latest report, "The world Market for CCTV and Video Surveillance Equipment - 2009 Edition" forecasts that the world market for video surveillance equipment will still have growth of 3% in 2009.
There is continuing strong demand for IP Video, such as Digital Video Servers (DVS), Network Video Recorders (NVRs) and Internet Protocol (IP) cameras.
There is growing demand of applying these network based solutions to protect valuable assets and provide a safe environment in transportation, city surveillance, schools and universities.
The Group is looking into several different solutions, including Video compression technology, MPEG-4 and H.264, Digital Encoder and Decoder (Codec) with built-in video analysis algorithms. These systems are particularly prevalent in the Homeland Security field, where new areas of focus will be centred on intruder detection, loitering detection, left behind objects and trip wire.
The Board expects the network video market to show strong growth in the coming years and considers that the Company is well placed to reap the benefits of this growth.
The E&M business in the PRC has made a good start, where we have a successful shopping mall project in Zhongshan, the PRC and the coming project in Huangshan. However, progress will depend on the economic environment and the funding available.
Technologies, Solutions and Products
As technologies become more sophisticated and intelligent, and converge with IT industries, the capacity to provide total solutions, as well as integrated systems, becomes vital.
On the products side, the embedded DVR, which is sold under the UniVision brand, has been used in several projects in Hong Kong. The newly developed Video Amplifier with an on-screen display function has also been used in one of our projects. We are also currently working on some video analysis algorithms and a new application which we expect to launch in the coming year.
Acquisitions and Investments
The Group is not currently anticipating any imminent new acquisitions or investments. However, we are always assessing possible opportunities with a view to making further strategic investments.
Contract Wins
During the reporting period, we have entered into a contract with MTR Corporation Limited ("MTR"), the sole owner and operator of the mass transit railway in Hong Kong, to provide maintenance services to MTR's network of CCTV systems, public address systems and passenger information display systems on six railway lines as well as their related depots and ancillary buildings. The contract has a fixed value of approximately £2.15m over a three year period, commencing on 1 January 2009. Apart from that, we have entered into a contract for £4.8m with Huang Shan Shi Yi Xian Tian Chen Property Development Company Limited and Huang Shan Shi Xiangxigu Holiday Village Limited ("the Developers"), the property developer and hotel operator in the PRC for the hotel project - Huang Shan (Xidi) Xiangxigu Holiday Village in Huangshan, a famous travel city in the PRC.
MTR & Maintenance
Our maintenance contracts are particularly important to the business by providing strong visibility in our revenue and I am delighted that we have substantial growth of the business. We have extended our maintenance services with MTR for another three years. In particular, our relationship with the MTR has proved to be positive. We will have good potential in other confirmed and planned railway line developments in the coming five years.
PROSPECTS
Our Security and Surveillance business remains stable, although it declined in the reporting period. As a result of the infrastructure projects to be implemented in the coming years here in Hong Kong, as well as the expected growing demand on Security and Surveillance in the Greater China Region, we are expecting good prospects in the coming years.
The E&M business in the PRC is still one of our growth targets. We are secured as we take property right as collateral to minimize the credit risk. We have a shopping mall project in Zhongshan, the PRC which is now in the final stage. Also, another hotel project in Huangshan, the PRC is underway. Additional funding is required for this project, as well as other potential projects. Our growth will depend on access to funds.
Finally, on behalf of the Board, I would like to thank our customers, suppliers and shareholders for their continued support of UniVision. I would also like to acknowledge the hard work of the management and all the staff for their contribution and dedication to the Group.
MR. STEPHEN SIN MO KOO
EXECUTIVE CHAIRMAN
30 September 2009
UNIVISION ENGINEERING LIMITED
GROUP INCOME STATEMENT
For the year ended 31 March 2009
2009 2008
£ £
Revenue 9,228,523 14,523,529
Cost of sales (6,143,040) (10,160,841)
Gross profit 3,085,483 4,362,688
Other income 127,920 323,806
Selling and distribution expenses (86,875) (71,826)
Administrative expenses (2,081,104) (1,959,772)
Other operating expenses (607,382) (716,914)
Profit from operations 438,042 1,937,982
Finance costs (735,955) (239,952)
(Loss)/profit before income tax (297,913) 1,698,030
Income tax expense (226,951) (435,712)
(Loss)/profit for the year (524,864) 1,262,318
Attributable to equity holders of the parent (554,580) 1,400,331
Attributable to minority interest 29,716 (138,013)
(524,864) 1,262,318
Earnings per ordinary share
Basic (0.14p) 0.36p
Diluted N/A N/A
UNIVISION ENGINEERING LIMITED
GROUP BALANCE SHEET
As at 31 March 2009
2009 2008
£ £
ASSETS
Non-current assets
Goodwill 692,830 961,845
Plant and equipment 285,513 352,175
Total non-current assets 978,343 1,314,020
Current assets
Inventories 1,050,046 973,400
Trade and other receivables 18,923,799 11,861,304
Tax recoverable 8,933 -
Cash and bank balances 117,762 440,955
Total current assets 20,100,540 13,275,659
Total assets 21,078,883 14,589,679
LIABILITIES AND EQUITY
Current liabilities
Bank overdrafts 219,934 2,457
Interest-bearing borrowings 5,552,204 3,881,788
Trade and other payables 5,160,493 2,905,668
Tax payable 921,984 495,810
Obligation under finance lease 4,293 3,055
Total current liabilities 11,858,908 7,288,778
Non-current liabilities
Obligation under finance lease 9,659 9,929
Total liabilities 11,868,567 7,298,707
Capital and reserves
Capital and reserves 8,977,979 7,136,220
Minority interest 232,337 154,752
Total shareholders' equity 9,210,316 7,290,972
Total liabilities and equity 21,078,883 14,589,679
These financial statements were approved by the Board of Directors on 30 September 2009 and authorised for issue.
UNIVISION ENGINEERING LIMITED
GROUP STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
For the year ended 31 March 2009
Share Share Retained earnings Special capital Special Exchange Sub-total Minority interest Total
capital premium reserve "A" capital reserve "B" reserve equity
£ £ £ £ £ £ £ £ £
(Note 26)
Balance at 1 April 2007 1,697,617 2,192,640 1,769,924 155,876 143,439 (369,680) 5,589,816 285,641 5,875,457
Profit for the year - - 1,400,331 - - - 1,400,331 (138,013) 1,262,318
Effect on translation - - - - - 146,073 146,073 7,124 153,197
Balance at 31 March 2008 1,697,617 2,192,640 3,170,255 155,876 143,439 (223,607) 7,136,220 154,752 7,290,972
Loss for the year - - (554,580) - - - (554,580) 29,716 (524,864)
Effect on translation - - - - - 2,396,339 2,396,339 47,869 2,444,208
Balance at 31 March 2009 1,697,617 2,192,640 2,615,675 155,876 143,439 2,172,732 8,977,979 232,337 9,210,316
The currency translation from Hong Kong dollars to the presentational currency of pound sterling used in these financial statements has no impact on the available distributable reserves of the Company at 31 March 2009.
Nature of purposes of the reserves
i) Share premium
The Company may by resolution reduce the share premium account in any manner authorised and subject to any conditions prescribed by law.
ii) Special capital reserve *A*
Pursuant to the Order of the High Court dated 20 November 2004, any future recoveries of the Company*s accumulated provision for obsolete inventories and provision for bad debts amounting to HK$1,935,002 and HK$3,592,540 respectively will be credited to non-distributable special capital reserve *A* account.
iii) Special capital reserve *B*
By a special resolution passed on 30 July 2004 and Order of the High Court dated 20 November 2004, the authorised and issued capital of the Company was reduced from HK$159,245,000 divided into 31,849 ordinary shares of HK$5,000 each to HK$16,405,000 divided into 3,281 ordinary shares of HK$5,000 each. The reduction of capital was effected by cancellation of 28,568 ordinary shares of HK$5,000 each in the issued and paid up share capital of the Company. The Company established a non-distributable special capital reserve *B* account into which HK$2,071,307 was credited as a result of the capital reduction.
UNIVISION ENGINEERING LIMITED
GROUP CASH FLOW STATEMENT
For the year ended 31 March 2009
2009 2008
£ £
Cash flows from operating activities
(Loss)/profitbeforeincome tax from (297,913) 1,698,030
continuing operations
Adjustments for:
Interest income (8,521) (21,172)
Interest expense 735,955 239,952
Depreciation 191,933 172,193
Write down of obsolete inventories 89,435 11,978
Written back on trade and other payables (85,660) (30,848)
Unrealised loss on investment account - 7,480
carried at fair value
Impairment losses on trade receivables 290,801 165,228
Impairment losses on other receivables 23,632 357,935
Impairment loss on goodwill 309,325 -
Loss/(gain) on disposal of plant and 398 (681)
equipment
Operatingcash generatedbeforeworking 1,249,385 2,600,095
capital changes
Decreasein inventories 215,513 22,056
Increaseintradeand otherreceivables (2,642,094) (6,791,047)
Increase in tax recoverable (53,416) -
Increaseintrade and other payables 1,099,440 766,872
Increase in tax payable 1,505 -
Net cashused inoperations (129,667) (3,402,024)
Income tax paid * The PRC - (711)
Income tax paid * Taiwan (18,669) -
Net cash used in operating activities (148,336) (3,402,735)
Cash flows from investing activities
Interest received 8,521 21,172
Purchase of plant and equipment (46,865) (146,392)
Increasein pledgedbankdeposits (7,168) (340,754)
Proceeds from disposal of plant and 735 1,880
equipment
Net cash used ininvesting activities (44,777) (464,094)
UNIVISION ENGINEERING LIMITED
GROUP CASH FLOW STATEMENT (Continued)
For the year ended 31 March 2009
2009 2008
£ £
Cash flows from financing activities
Interest paid (87,391) (73,839)
Capital element of finance lease rentals paid (4,293) (764)
Interest element of finance lease rentals paid (691) (148)
(Repayment of)/proceeds from interest-bearing (608,862) 2,639,883
borrowings
Net cash (used in)/generated from financing (701,237) 2,565,132
activities
Net decrease in cash and cash equivalents (894,350) (1,301,697)
Effect of change in foreign exchange rates 353,680 136,263
Cash and cash equivalents at beginning of year 438,498 1,603,932
Cash and cash equivalents at end of year (102,172) 438,498
NOTES TO THE FINANCIAL STATEMENTS
1. GENERAL INFORMATION
UniVision Engineering Limited (the "Company") is incorporated in Hong Kong as a limited company. The address of its registered office is 8/F Lever Tech Centre, 69-71 King Yip Street, Kwun Tong, Kowloon, Hong Kong.
The Company has its primary public listing on the Alternative Investment Market of the London Stock Exchange ("AIM").
The Company is engaged in the supply, design, installation and maintenance of closed circuit television and surveillance systems, the sale of security system related products and provision for electronic and mechanical services. The principal activities of the subsidiaries are set out in note 17 to the financial statements.
2. BASIS OF PREPARATION
The financial statements of the Company have been prepared in accordance with International Financial Reporting Standards ("IFRSs"). The financial statements have been prepared under the historical cost convention as modified for certain financial assets and liabilities (including derivative instruments) are measured at fair value through profit and loss.
The Company's operations are principally conducted in Hong Kong. The financial statements of the Company and the Group have been presented in Sterling Pound ("£") which is the Company's presentation currency as the directors consider this presentation to be more useful for its current and potential investors.
The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to access its judgment in the access of applying the Group's accounting policies. The areas involving a higher degree of judgement or complexity or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 5.
3. SEGMENT INFORMATION
Segment information is presented by way of two segment formats: (a) by business segment as a primary segment reporting basis; and (b) by geographical segment as a secondary segment reporting basis.
(a) Business segments
The Group is organised into the following business segments:
- Construction contracts
- Maintenance contracts
- Product sales
- Solution sales
- Management fee
Results by business segment for the year ended 31 March 2009 are as follows:
Construction Maintenance Product Solution Management fee
contracts contracts sales sales Total
£ £ £ £ £ £
Income statement information:
External sales 6,417,135 2,073,129 382,837 351,259 4,163 9,228,523
Inter-segment sales - - 139,507 - - 139,507
Less: elimination - - (139,507) - - (139,507)
Revenue 6,417,135 2,073,129 382,837 351,259 4,163 9,228,523
Profit/(loss) from operations
279,563 109,464 (1,444) 49,868 591 438,042
Balance sheet information:
Assets 14,657,389 4,735,237 874,438 802,311 9,508 21,078,883
Liabilities 8,252,914 2,666,199 492,356 451,745 5,353 11,868,567
Other segment information:
Depreciation 133,463 43,117 7,962 7,305 86 191,933
Capital expenditure 39,684 12,821 2,367 2,172 26 57,070
Results by business segment for the year ended 31 March 2008 are as follows:
Construction Maintenance Product Solution
contracts contracts sales sales Total
£ £ £ £ £
Income statement information:
Revenue 11,208,860 997,459 1,611,025 706,185 14,523,529
Profit from operations 1,441,595 114,570 146,712 235,105 1,937,982
Balance sheet information:
Assets 11,206,297 1,018,136 1,644,422 720,824 14,589,679
Liabilities 5,662,132 492,483 795,422 348,670 7,298,707
Other segment information:
Depreciation 132,894 11,826 19,100 8,373 172,193
Capital expenditure 109,843 10,998 17,764 7,787 146,392
(b) Geographical segments
In determining the Group's geographical segments, revenues are attributed to the segments based on the location of the customers and assets are attributed to the segments based on the location of the assets.
No further geographical segment information is presented as the Group's revenue is materially derived from customers based in one geographic segment comprising Hong Kong, Macau, Taiwan and the PRC, and all of the Group's assets are located in the same geographic segment.
4. EARNINGS PER ORDINARY SHARE
The calculation of basic earnings per ordinary share is based on the (loss)/profit attributable to equity holders of the parent for the year of (£554,580) (2008: £1,400,331), and the weighted average of 383,677,323 (2008: 383,677,323) ordinary shares in issue during the year.
There were no potential dilutive instruments at either financial year end.
5. DIVIDEND
No dividend has been declared or paid for the year ended 31 March 2009 (2008: £Nil).
6. SHARE CAPITAL
2009 2008
£ £
Authorised :
800,000,000 ordinary shares of HK$0.0625 each 3,669,470 3,669,470
Issued and fully paid:
383,677,323 ordinary shares (2008: 383,677,323 1,697,617 1,697,617
ordinary shares) of HK$0.0625 each
The Company has one class of ordinary shares.
7. RELATED PARTY TRANSACTIONS
Compensation of key management personnel
The remuneration of the key management of the Group during the year was as follows:-
2009 2008
£ £
Salaries, bonus and allowances 251,272 247,181
The remuneration of key management personnel comprises the remuneration of executive directors and key executives.
Executive directors include the executive chairman, the chief executive officer and the technical director and the finance director of the Company. The remuneration of the executive directors is determined by the Remuneration Committee having regard to the performance of individuals, the overall performance of the Group and market trends. Further information about the remuneration committee and the directors' remuneration is provided in the Remuneration Report and the Report on Corporate Governance to the Annual Report and note 10 to the financial statements.
Compensation of key management personnel
Key executives include the director of operations and director of sales and marketing of the Company. The remuneration of the key executives is determined by the executive directors annually having regard to the performance of individuals and market trends.
Biographical information on key management personnel is disclosed in the Directors' and Senior Management's Biographies section of the Annual Report.
Transactions with related parties
(a) A loan of US$5,000,000 was provided on 31 December 2007 by Mayne Management Limited, the holding company of UniVision Holdings Limited which has a 47.9% equity interest in the Company. Effective from 1 October 2008, the principal amount was revised to US$6,000,000 (including the accrued interest of US$1,000,000) and renewed with maturity date due on 31 March 2010.
(b) At 31 March 2009, there is a receivable balance of £6,629 (2008: £6,095) in respect of legal fees which were paid by the Group on behalf of UT Vision PTE, a company of which Mr. Stephen Sin Mo KOO is a director.
(c) For the year ended 31 March 2009, the Chairman of the Company, Mr. Stephen Sin Mo KOO, purchased an additional 7,657,700 ordinary shares of 1p each in UniVision at a price of 0.55p per share.
8. ANNUAL GENERAL MEETING
The 2009 Annual General Meeting of UniVision Engineering Limited will be held at UniVision Engineering Limited, 8/F Lever Tech Centre, 69-71 King Yip Street, Kwun Tong, Kowloon, Hong Kong, on 28 October 2009 at 5:00P.M.. The following businesses will be transacted then:
1. To receive and adopt the Company's audited financial statements for the financial year ended 31 March 2009 together with the Directors' report and the Independent Auditor's report;
2. To re-elect Mr. Chun Pan WONG who retired by rotation, as a Director of the Company;
3. To re-elect Mr. Andrew Ping Sum TANG who retired by rotation, as a Non-executive Director of the Company;
4. To reappoint auditor ZYCPA Company Limited, Certified Public Accountants as auditors of the Company, to hold office from the conclusion of the meeting to the conclusion of the next meeting, during which accounts will be laid before the Company and to authorize the Directors to adjust their remuneration packages;
5. To consider and, if considered appropriate, pass the following resolution as an ordinary resolution that the directors of the Company be and are hereby generally and unconditionally authorized to exercise all powers of the Company to allot ordinary shares of HK$0.0625 each in the capital of the Company (the 'Ordinary Shares'). Such authority (unless and to the extent previously revoked, varied or renewed by the Company during the general meeting) to expire 15 months after the date of the passing of such resolution or on the conclusion of the Company's next Annual General Meeting to be held, following the date of passing such resolution, whichever occurs first, save that the Company may before such expiry make any offer or agreement which would or might require Ordinary Shares to be allotted after such expiry, and that the Directors may allot Ordinary Shares in pursuance of such an offer or an agreement as if such authority had not expired. This authority substitutes all subsisting authorities to the extent unused.
The full annual report has been posted to shareholders and is currently available on the Company's website www.uvel.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR LMMJTMMAJBAL
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| 25-09-09 | AFX UK Focus |
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LONDON, Sept 25 (Reuters) - UniVision Engineering Ltd:
((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 25-09-09 | RNS |
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RNS Number : 7106Z UniVision Engineering Ltd 25 September 2009 25 September 2009 UniVision Engineering Limited ("UniVision" or "the Group) Trading update UniVision, the AIM listed Hong Kong based designer and installer of digital surveillance and integrated security systems, expects to announce its results for the year ended 31 March 2009 on 30 September 2009. In these results the Group anticipates recording a loss after tax in the region of £0.5 million for the year ended 31 March 2009. The Group's out-turn for the financial year ended 31 March 2009 has been negatively impacted by certain adjustments totalling approximately £1.0 million. These adjustments relate to the reversal of prior recognition of deferred tax assets on the Group's balance sheet and goodwill impairment in the Group's Taiwan subsidiary..
For further information visit www.uvel.com or contact
Stephen Koo, Chairman Chun Hung Wong, CEO
Notes to Editors: About UniVision Engineering UniVision was incorporated in Hong Kong in 1979 and is now established in Hong Kong, Macau and China. The Group designs, sources and sells its own brand-name products and OEM products including, Microprocessor CCTV Control Systems, Video Distribution Amplifiers, Fibre Optic Transmission Systems and Smart Card Access Systems. UniVision currently offers hybrid security systems and has a portfolio of cutting edge digital technology used by its blue chip client base and the Hong Kong Government. UniVision is included in the Hong Kong Government's list of "Approved Suppliers and Installation of Video Electronics Equipment". To date the Group has completed high profile projects for clients including Hong Kong International Airport, Tsing Ma Bridge Crossing, Mass Transit Railway, Shanghai Plaza 66 and Sydney CityRail Network selling its products through its distribution channels in China, Taiwan and other Asian countries. The Group listed on AIM, part of the London Stock Exchange, in December 2005. This information is provided by RNS The company news service from the London Stock Exchange END
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Hardboy,
Seems that all trades is reported in the Plus market. Mine are all at 0.58 SELLS and it seems that these are matched by at least 2 X 1 Mill Buys at 0.7 and 0.68. More | View thread (4) | Respond | Login to Vote up | Login to Vote down |
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| 29-10-09 | ||||
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Hardboy,
Not sure if it is any of your business but I sold 2.5 Mill shares today. 3x 500k (10:18; 10:20 and 10:29) 1X 1 mil (13:03) More | View thread (4) | Respond | Login to Vote up | Login to Vote down |
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| 29-10-09 | ||||
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I don't know anything significant, but your claimed sales are not evident in volumes quoted on iii board. By iii's figures there have only been 1.5m shares traded in the last 2.5 months.
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| 29-10-09 | ||||
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Not to repeat myself I will copy a post I made in adfn board.
Can anyone who has heard something please share. Not sure what is happening with this company but something is definitely up behind the scenes. Somebody in the know is accumulating shares. ------------------------- As most here know, I was a bull on this company and owns over 1% of the outstanding shares. Needed however to move some money to cover another situation and have just sold over 1.5 Mill shares (3X 500K), at over the quoted price. Thought that this was a bit funny and almost fell off my chair when the limit for a sell went up to 1 Million shares, but you can only buy 250K. MM willing to take 1 Mill off you but only willing to sell 250K??? Someone is in the know and there must be a huge buy order. Usually you will be struggling to sell 100K at a time. I think will hang fire to find out why the sudden demand for shares from the MM, will move funds around from other shares. More | View thread (4) | Respond | Login to Vote up | Login to Vote down |
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The contents of the postings summarised here represents the opinions of the authors and not of Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.
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