UCL - News vom 18.07. - 500 Beiträge pro Seite

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UNION CAPITAL LIMITED 2000-07-18 ASX-SIGNAL-G

HOMEX - Brisbane

+++++++++++++++++++++++++
Union Capital Limited is pleased to announce that it has acquired
100% ownership of its Internet Technology investment,
RadioCity.com.au Ltd. Union has come to a mutual agreement with
entrepreneur and founder of RadioCity, Mr Piers Macrae Cockram, to
fully acquire and control this innovative business. Accordingly,
majority stakeholder Looking Pty Ltd, has assigned its 3,000,000
shares to Union for $182,000.

RadioCity is a unique business which provides streaming media over
the Internet. It has a proven track record for the delivery of
solutions to clients who can effectively operate their own television
station using the Internet as the broadcast medium. Union considers
RadioCity to be a stable investment with the capability of obtaining
a steady growth in market share.

Union`s management and business expertise will enable RadioCity to
strengthen its position as an innovative and successful young
technology company. RadioCity`s operations are expected to expand and
grow globally and the Company is aiming to be the leading provider of
streaming media services to conference and events managers. Advanced
negotiations with strategic partners in seminar and event production
are underway.

Mr Cockram has agreed to remain with RadioCity as a director and
consultant, and will continue to apply his creative skills and
visions to the business as it grows under the direction of Union`s
management team.

R Murdoch
MANAGING DIRECTOR

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UNION CAPITAL LIMITED 2000-07-18 ASX-SIGNAL-G

HOMEX - Brisbane

+++++++++++++++++++++++++
RESPONSE TO ASX QUERY

We refer to your facsimile of 17 July 2000 noting an increase in
trading volume and an increase in trading price of securities in
Union Capital Limited and respond to your questions as follows.

1. The Company this morning released an announcement on the 100%
acquisition of RadioCity.com.au Ltd.

The Company is in the final stages of due diligence and agreement
finalisation with JAB Creative.com Pty Ltd, as announced on 14 June
2000.

There is no other information concerning the Company that has not
been announced that we would consider material at this time. The
Company continues to assess new opportunities and is currently
awaiting information on two new potential projects in
telecommunications that sound exciting, but no serious negotiations
nor due diligence on either of these projects have commenced at this
time and hence in our opinion there is nothing to announce.

2. The Company makes announcements of any market sensitive
information as soon as it is aware of it.

3. The Company`s operating loss before abnormal items and income tax
for financial year 30 June 2000 will be higher than the previous year
because the Company will need to include it`s proportion of equity
trading loss of its investments in Identikey Limited and
RadioCity.com.au Ltd. These operations are yet to be profitable. In
addition, the Company directors will review its exploration portfolio
to ascertain whether any capitalised exploration expenditure should
be written down or written off as at year`s end. This is an annual
review exercise conducted in conjunction with the Company`s auditors
and takes place in early September prior to release of accounts.
Taking the above factors into account, it is anticipated that the
loss for the Company for the financial year ended 30 June 2000, could
be in the order of A$4 million. Any change to this forecast will be
advised to the Australian Stock Exchange as soon as we are aware of
it.

4. There is no reason to believe that the Company may record any
material abnormal or extraordinary profit/losses for the financial
year ended 30 June 2000.

5. The Company`s shares are also traded on the Frankfurt, Berlin,
Stuttgart and Munich Stock Exchanges and there is significant trading
on these markets that eventually requires balancing through net
purchase or sales of securities on the Australian market.

The Company has previously reported the extent of this trading and
refers to its announcements of 13 March 2000 and 18 April 2000.

Union Capital Limited believes that it is now rated on the world
stage and is considered an international stock given that it trades
on these European stock exchanges. The Company also notes that the
NASDAQ share price index rose significantly over the weekend which
could potentially impact on the trading volumes and share price of
Union Capital Limited on the Australian Stock Exchange.

In addition, Union Capital Limited presently has a cash balance of
A$21.5 million and is continually investigating new resource and
technology investments to enhance shareholder value. None of these
have reached a stage of negotiation.

6. The Company confirms it is in compliance with the ASX Listing
Rules and in particular rule 3.1.


P R Sauerberg
DIRECTOR

[Nightflight]

Ein erhobener Zeigefinger der australischen Boersenaufsicht?


Response to ASX Query re: Share Price

ASX PRICE QUERY

We have noted a change in the price, of the Company`s securities from
26 cents on 14 July 2000 to a high of 32.5 cents today. We have also
noted an increase in the volume of securities traded over this
period.

In light of the price change and increase in volume of securities
traded, please respond to each of the following questions.

1. Is the Company aware of any information concerning it that has not
been announced which, if known, could be an explanation for recent
trading in the securities of the Company?

2. If the answer to question 1 is yes, can an announcement be made,
immediately? If not, why not and when is it expected that an
announcement will be made?

Please note, if the answer to question 1 is yes and an announcement
cannot be made immediately, you need to contact us to discuss this
and you need to consider a trading halt (see below).

3. Is there any reason to think that there may be a change in the
operating profit/loss before abnormal items and income tax so that
the figure for the financial year ended 30 June, 2000 would vary from
the previous financial year by more than 15%? If so, please provide
details.

4. Is there any reason to think that the Company may record any
material abnormal or extraordinary profits/losses for the financial
year ended 30 June 2000? If so, please provide details.

5. Is there any other explanation that the Company may have for the
price change and increase in trading volume in the securities of the
Company?

6. Please confirm that the Company is in compliance with the listing
rules and, in particular, listing rule 3.1.

Your response should be sent to me on facsimile number (07) 3832
4114. It should not be sent to the Company Announcements Office.

Unless the information is required immediately under listing rule
3.1, a response is requested as soon as possible and, in any event,
not later than half an hour before the start of trading (ie before
9.30 am EST on Tuesday, 18 July 2000).

The response must be in a form suitable for release to the market. If
you have, any concern about release of a response, please contact me
immediately.

LISTING RULE 3.1

Listing rule 3.1 requires an entity to give ASX immediately any
information concerning it that a reasonable person would expect to
have a material effect on the price or value of the entity`s
securities. The exceptions to this requirement are set out in the
rule.

In responding to this letter you should consult listing rule 3.1 and
the guidance note titled "Continuous disclosure: listing rule 3.1.".

If the information requested by this letter is information required
to be given to ASX under listing rule 3.1 your obligation is to
disclose the information immediately.

Your responsibility under listing rule 3.1 is not confined to, or
necessarily satisfied by, answering the questions set out in this
letter.

TRADING HALT

If you are unable to respond by the time requested, or if the answer
to question 1 is yes and an announcement cannot be made immediately,
you should consider a request for a trading halt in the Company`s
securities. As set out in listing rule 17.1 and the guidance note
titled "Trading halts" we may grant a trading halt at your request.
We may require the request to be in writing. We are not required to
act on your request. You must tell us each of the following.

* The reasons for the trading halt.
* How long you want the trading halt to last.
* The event you expect to happen that will end the trading halt.
* That you are, not aware of any reason why the trading halt
should not be granted.
* Any other information necessary to inform the market about the
trading halt, or that we ask for.

The trading halt cannot extend past the commencement of normal
trading on the second day after the day on which it is granted. If a
trading halt is requested and granted and you are still unable to
reply to this letter before the commencement of trading, suspension
from quotation would normally be imposed by us from the commencement
of trading if not previously requested by you. The same applies if
you have requested a trading halt because you are unable to release
information to the market, and are still unable to do so before the
commencement of trading.

If you have any queries regarding any of the above, please let me
know.

M Grundy
SENIOR LISTINGS OFFICER

[Seneca5]

G`Day

Das ist das klassische speeding Ticket.

[lecu68]

Es ist völlig normal das der Börsenaufsicht wissen will warum der Umsatz der Aktie rasant angestiegen ist.

Das ist eine ganz normale prozedur der Aufsichtsberhörde.

Ich meine das die Aktie mit diesen Umsätzen einen ziemlich dicken Boden bildet (Unterstützung). Also positiv für die Aktionäre.

lecu68

[BeCreative]

Hi Seneca, Du bist auch hier?
Seit wann bist Du in UCL investiert?
Was denkst Du, wie wird sich Union Capital schlagen (kurzfristig)?


BeCreative

[Courson]

Hey Be Creative,
du tingelst ja auch gerade durch die Threads, was sagst du zu UCL?
Hast ne Prognose?

[_icebreaker]

Die Meldungen stehen bei xnase.de im Board in dt.

ICE