By Nigel Somerville, the Deputy Sheriff of AIM | Tuesday 19 January 2016
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I was overly rude about AIM-China play Univision Engineering (UVEL) the last time I wrote about it. With the Filthy Forty it has tended to prove a prudent policy of being uber-sceptical. I pointed to a big slide in earnings which was in fact due to the previous year seeing a large debt being forgiven. The shares are up on the 0.65p at the time, closing last week at 0.8p (mid) on the back of an 18.5% gain on Friday, triggered by news on Thursday (after-hours, natch) that the Chairman is selling 41.5% of the company for a total of about £3.69 million from his interests which previously totalled 72.9%.
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