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Aveng (AEG)...free lunch?!

Aveng AEG small cap construction

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#1 SB45

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Posted 06 November 2018 - 12:02 PM

So who is attending the AGM?
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#2 Matrix

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Posted 02 November 2018 - 04:38 PM

Still surprised that this share price is so low, taking into consideration that the company basically has no debt, as well today's update on contracts awarded.

Really looking forward to seeing updated interim results during next year.

 

Today's Sens:

 

ANNOUNCEMENT OF CONTRACT AWARDS BY AUSTRALIAN SUBSIDIARY MCCONNELL

DOWELL

Salient Features:
• Contract awards are in line with the redefined and focused business development strategy
of McConnell Dowell announced in the Group’s full year results in September 2018
• Awards totaling R3.8 billion secured across all McConnell Dowell business units
underpins good progress in the execution of the Group’s Strategic Action Plan
• Contract awards secured by McConnell Dowell demonstrate the Operating Group’s
specialist capabilities in Marine, Pipelines, Civil, Tunneling, Rail and Building

UPDATE ON ORDER BOOK

Aveng is pleased to provide an update on recent contract awards secured during the first quarter in the
Group’s Australian subsidiary, McConnell Dowell. McConnell Dowell is a core business within the Aveng
Group. A key priority in its Strategic Action Plan is to enhance operational performance, deliver growth
and unlock value from core assets. The growth in the order book was identified as a key metric to achieve
this objective, when the Group presented its annual results on 25 September 2018. McConnell Dowell is
a specialist and respected infrastructure contractor offering engineering and construction solutions to the
Infrastructure, Building and Resource sectors across Australia, New Zealand and the Pacific, Southeast
Asia and the Middle East. All four business units have recently secured new projects in core markets and
across their specialist capabilities providing strong opportunities across all operating regions

Key contracts awarded during the first quarter include:

Webb Dock & Burnie Facilities Upgrade (Australia): McConnell Dowell’s marine expertise is being
further showcased having been contracted to upgrade existing wharf facilities at Webb Dock and Burnie
for Toll Group. The project will commence immediately and will be completed ready for operational use in
early 2019.

Swanson Dock Rehabilitation (Australia): Further works to rehabilitate the berth at Swanson Dock
have been awarded by the Port of Melbourne Corporation. The repeat work demonstrates the strength
and alignment of a successful customer relationship.

Aviation Rd & Wyndham (Australia): As part the ongoing capital works programme under the Western
Program Alliance, McConnell Dowell has been awarded the contract to remove the Aviation Road Level
Rail Crossing in Laverton and construct the Wyndham Vale Stabling Yard. Works on both packages are
scheduled to commence immediately. These awards follow the successful execution of recent projects for
the Victorian State government.


Neste Underpass (Singapore): McConnell Dowell’s underground reputation will continue to be
strengthened as it has been selected by Neste to construct two underpasses for production lines,
services lines and facilities at their refinery in Singapore. The underpasses are designed to connect
Neste’s new facilities with its existing refinery units on the nearby islands of Tuas in Singapore.

Clean Fuel Project (Thailand): McConnell Dowell is undertaking the early works package associated
with the Clean Fuel Project for Thai Oil. The project team is mobilising quickly to ensure the works are
ready for commissioning during 2019.

Jane St & Mulgoa Rd (Australia): McConnell Dowell progresses a strategic growth initiative into the
New South Wales transport infrastructure market with the award by New South Wales Roads and
Maritime Services (RMS) of the infrastructure upgrade contract for Jane Street and Mulgoa Road in
Penrith.

McConnell Dowell has previously delivered projects of this nature and civil construction remains a key
specialist capability for the company. The Project was formally launched in October 2018 and
construction will commence in December 2018. Completion is due in May 2020.

Auckland City Mission (New Zealand): Built Environs has secured the contract to undertake the
Mission Home Ground Development Project in Auckland, as part of the City Mission Charitable Trust.
This is the first project for Built Environs in New Zealand and cements a strategic entry into the building
market.

Hunua 4 S11 (New Zealand): This two-year project is the final stage of the Hunua 4 Watermain Project
and will supply water to Auckland’s CBD from Redoubt North Reservoir in Manukau. The Hunua 4 S11
project forms part of a large water investment scheme underway by Watercare and will bring important
benefits in water security and availability to Auckland and adjacent regions.

These contract awards provide a good start to the new financial year and reflect McConnell Dowell’s
improved operational state and diversified market offerings. The recent awards total R3.8 billion and take
McConnell Dowell’s order book to R8.7 billion (Up 17% from 30 June 2018). Most gratifying is the
continuation of work from existing customers building on past excellent performance as well as new
business won in line with McConnell Dowell’s over-arching strategy. With a further potential AUD 1 billion
of work in Early Client Involvement (ECI) processes, McConnell Dowell is well positioned to continue to
secure additional work in the near term.

The diversification of McConnell Dowell’s Order Book highlights the breadth and depth of expertise
across its operational areas. Moreover, the market sectors serviced by McConnell Dowell are expected to
offer further growth opportunities with the continued roll-out of large- and medium-sized projects across
its operating footprint.


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#3 andi222

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Posted 22 October 2018 - 01:51 PM

Looking good still. Slowly building up at 4 cents. I hope the breakthrough of 5 cents will come in the next couple of weeks 


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#4 Lionelza1

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Posted 17 October 2018 - 08:13 PM

slowly slowly creeping up hey........nice


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#5 andi222

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Posted 16 October 2018 - 03:04 PM

Volumes trading is still looking good, seems like we have found the bottom at 3 cents.

 

Let's hope they get the clearance from shareholders for the Jet Park transaction. Looking good guys. Keep strong.


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#6 SB45

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Posted 09 October 2018 - 04:07 PM

Polly....im still buying...not done yet, havent reached my target posotion..but now I place my orders and close. Advise taken Polly
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#7 Polly

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Posted 09 October 2018 - 03:04 PM

guys dont look at this share price . Its going to take 6 months for that excess liquidity to dry out and then you will see its true colours. Wont do much ion short term


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#8 realkingkam

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Posted 09 October 2018 - 03:02 PM

the m&r merger rumor mill is turning again ... hopefully aton gets stifled by the comp commission . we will all be smiling
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#9 andi222

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Posted 09 October 2018 - 02:57 PM

Yeah can't go wrong at this price in my opinion. Did my calcs and price should be sitting way above current price. I'm gonna top up as much as i can 


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#10 SB45

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Posted 09 October 2018 - 10:07 AM

Thanks Andi and Trader, I am a holder as well. I checked my homework and really thought its worth a punt.
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#11 Trader001

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Posted 08 October 2018 - 06:42 PM

and forgot to say

 

they managed to get the majority of their debt converted into shareholding by major institutions like Coronation, Allan Grey, JP Morgan etc. So even an unsuspected hostile takeover is most likely difficult to suceed here. I think ..on the upside...even if MuR or even Aton never buy this company it is going to do well by itself


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#12 Trader001

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Posted 08 October 2018 - 06:25 PM

SB45...My question would be what would it take for Aveng to go under ? Given the initiatives that have been implemented
 
Don't worry to much.........I also bought in this company. I think this company is in a better situation that steinhoff...I believe this company will turn around much sooner than Steinhoff. My reasons are as  follows: 

It is not as big as steinhoff..such a big footprint with an upside to break into markets..... but ..at least it has not got pending litigation against it

it can move quicker to get rid of non performing assets.

 

I believe Aveng share price will respond sooner  than steinhoff and with this penny stock you will be able to make much more money than in steinhoff...just my view


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#13 andi222

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Posted 08 October 2018 - 08:47 AM

So obviously you still have your business risks like not getting contracts etc. But now that their debt levels have been reduced to a 40% debt to equity ratio and they are selling their non profit units i cannot see this company going bust. Their main business produce a profit. If u can get in now. I can only see a positve future. Worst is over for shareholders in my opinion.
But always bear in mind the usual business risks.


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#14 SB45

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Posted 07 October 2018 - 09:21 PM

My question would be what would it take for Aveng to go under ? Given the initiatives that have been implemented
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#15 andi222

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Posted 05 October 2018 - 04:22 PM

Very low volumes traded today. I think Old Mutual and Allan Grey have reduced their numbers to acceptable low levels for their strategy portfolio, hope we will see the 6 cents soon. Might still take some time but i think we will see the 6-8 cents soon


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#16 andi222

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Posted 03 October 2018 - 04:45 PM

New SENS on shareholding:

 

JPMorgan +-21%

 

More then 75% is in fixed hands now i think. But strong companys currently holding shares. Really good news came out today. Expecting a decent increase soon. 


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#17 Matrix

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Posted 03 October 2018 - 12:18 PM

First loss making division sold. Announced today. Thats great news. Dont know why market hasnt reacted positivly tho.

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Agreed that it's good news Andi, refer to my prior post below.

My inexperienced understanding is that share price will not rise immediately as there has been 95million shares for sale at 5cents since this morning.

Share price can only rise once that 95million has sold at 5cents, now one will obviously pay more while that's available.

 

I trust that as this good news trickles in over time supply will lower and demand increase.


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#18 andi222

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Posted 03 October 2018 - 12:10 PM

First loss making division sold. Announced today. Thats great news. Dont know why market hasnt reacted positivly tho.

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#19 Matrix

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Posted 03 October 2018 - 11:44 AM

Disposal of Aveng Rail for Net amount of R133m cash.

Good progress on the operational restructure.

17% cash influx of what the current market cap of the company is by selling this non-core asset.

 

Let's hope the rest of the assets to be sold by next June will bring similar amounts!


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#20 Polly

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Posted 03 October 2018 - 11:41 AM

Polly what is a 20 bagger ?

buy at 4c...times 20 = 80c

 

goes up 20 times


Edited by Polly, 03 October 2018 - 11:46 AM.

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