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Aveng (AEG)...free lunch?!

Aveng AEG small cap construction

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#1 Blackobar

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Posted 08 January 2020 - 05:25 PM

STATED CAPITAL continued Shares Holding
The top 10 shareholders of the Group as at 30 June 2019 are entities (or clients of these entities in aggregate) listed below:
Highbridge Capital Management LLC (US)** 3 835 659 712 19,8%
Coronation Asset Management Proprietary Limited (ZA) 3 110 400 203 16,0%
Allan Gray Proprietary Limited (ZA) 2 252 525 495 11,6%
ATM Holding GmbH (DE)** 1 359 584 403 7,0%
Deutsche Securities Proprietary Limited (ZA)** 895 240 321 4,6%
J.P. Morgan Securities Plc (UK)** 800 005 461 4,1%
Investec Securities Proprietary Limited (ZA)** 651 668 556 3,4%
Investec Asset Management 638 789 039 3,3%
Personal Trust International (ZA)** 629 530 200 3,3%
BNP Paribas Arbitrage S.N.C. (FR)** 502 681 498 2,6%

These are the numbers from the AFS 2019 from Aveng page 78.

According to the company shareholding as at Dec Aton has not sold any shares further.


I appreciate this Andi222. Solid players are still holding on. I'm with them "HODLING" like crypto fans. Let's finish the disposal of non core assets and let's focus on what's left and grind.
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#2 Blackobar

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Posted 08 January 2020 - 05:18 PM

Still a large chunk to dispose off, more depressed share price, I hope the board starts the share buy back for us to see any upward movement, it shouldnt cost a lot of cash at the current levels


They are still holding a sizable chunk indeed. What's promising is that there are buyers out there buying. Alot of sellers and alot of buyers, once We've shaken off the sellers, we'll see positive movement on the share price. Hoping management stops gifting themselves with those bonuses.
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#3 andi222

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Posted 08 January 2020 - 04:02 PM

STATED CAPITAL continued Shares Holding

The top 10 shareholders of the Group as at 30 June 2019 are entities (or clients of these entities in aggregate) listed below:

Highbridge Capital Management LLC (US)** 3 835 659 712 19,8%

Coronation Asset Management Proprietary Limited (ZA) 3 110 400 203 16,0%

Allan Gray Proprietary Limited (ZA) 2 252 525 495 11,6%

ATM Holding GmbH (DE)** 1 359 584 403 7,0%

Deutsche Securities Proprietary Limited (ZA)** 895 240 321 4,6%

J.P. Morgan Securities Plc (UK)** 800 005 461 4,1%

Investec Securities Proprietary Limited (ZA)** 651 668 556 3,4%

Investec Asset Management 638 789 039 3,3%

Personal Trust International (ZA)** 629 530 200 3,3%

BNP Paribas Arbitrage S.N.C. (FR)** 502 681 498 2,6% 

 

These are the numbers from the AFS 2019 from Aveng page 78.

 

According to the company shareholding as at Dec Aton has not sold any shares further. 


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#4 andi222

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Posted 08 January 2020 - 03:44 PM

Yeah I think Aton is pressing the price down. Share will however recover once they are out and hopefully management might start to buy back some shares in near future. 


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#5 SB45

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Posted 08 January 2020 - 11:46 AM

Still a large chunk to dispose off, more depressed share price, I hope the board starts the share buy back for us to see any upward movement, it shouldnt cost a lot of cash at the current levels
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#6 Blackobar

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Posted 08 January 2020 - 06:17 AM

Under shareholders in the Standard bank Share Trading app
List of major share holders as at 30 Jun 2019 : Highbridge Capital Management LLC 10.94% 1992 MFS International Fund 7.26% Aton GmbH 7.01% Allan Gray Stable Fund 5.00% Allan Gray Balanced Fund 4.62% Coronation Managed Portfolio 3.19%


Thanks Vishalsur. Aton has really Offloaded a sizable chunk.
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#7 vishalsur

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Posted 07 January 2020 - 06:59 PM

Under shareholders in the Standard bank Share Trading app

 

List of major share holders as at 30 Jun 2019 : Highbridge Capital Management LLC 10.94% 1992 MFS International Fund 7.26% Aton GmbH 7.01% Allan Gray Stable Fund 5.00% Allan Gray Balanced Fund 4.62% Coronation Managed Portfolio 3.19%

 


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#8 Blackobar

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Posted 07 January 2020 - 01:37 PM

I see that Highbridge Capital Management LLC is now the largest share holder as apposed to Aton
Is that correct?


where do you get that information Vishalsur? I'd really love to see how much ATON has left.
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#9 vishalsur

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Posted 07 January 2020 - 12:05 PM

I see that Highbridge Capital Management LLC is now the largest share holder as apposed to Aton

Is that correct?

 


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#10 Blackobar

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Posted 08 December 2019 - 12:41 PM

@SB45 I'm not sure when the repurchasing of shares will commence, but I'm positive of a turn around of this company's fortunes once they exit SA biz. Competition commission nixing the Duraset alrode disposal deal was a blow, hopefully they can get another buyer soon.
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#11 SB45

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Posted 06 December 2019 - 05:55 PM

Bad news for AEG

R30mill knock off on R100Mill on Grinaker -LTA

 

https://www.iol.co.z...sector-38596273

https://www.business...-falls-through/

 

Anyone knows when the share repurchase program starts?The sooner they fully exit SA the better.


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#12 SB45

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Posted 09 November 2019 - 10:30 AM

Positive update Skeez, share consolidation to be on par with similar peers and profitability...then some upward movement is coming....provided no nasty surprises from these guys, somehow they find a way to stuff things up
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#13 skeez

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Posted 08 November 2019 - 07:16 PM

Hi
What would be your reasoning there? There are already to many shares available...

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#14 andi222

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Posted 08 November 2019 - 05:43 PM

Good update released from Aveng.

 

Bought back in today. Saw that Atom has reduced their stake. I think as soon as they are out we will see a nice runner up.


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#15 SB45

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Posted 07 November 2019 - 08:17 PM

https://www.iol.co.z...profit-36777025


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#16 vishalsur

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Posted 15 October 2019 - 04:10 PM

anyone read this article this morning 

https://www.iol.co.z...he-jse-34904413


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#17 skeez

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Posted 12 October 2019 - 11:45 AM

These guys just need to make a profit now. Moolmans has to be positive in the balance sheet. My call this time next year i think 20cent would be a fair price comsidering the ongoing disposals.

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#18 Blackobar

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Posted 12 October 2019 - 09:45 AM

Almost everyday you see 600+million aeg shares on OFFER & 400+million bids , showing that as much as there are big sellers , the buyers are also there and buying big. It's going to stay at these 1c-3c levels for a while.

Disclosure : I HOLD AEG shares.
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#19 andi222

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Posted 11 October 2019 - 11:00 AM

There needs to be a capitalization. Maybe 1 to 1000. Then they would only have 190 million shares in issue.

Currently the bond holders want to get out. So I think there wont be much movement for the next few months.

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#20 Trader001

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Posted 10 October 2019 - 05:16 PM

Yes me too.. I am a bit worried about this long term investment and whether I would at least, IN A COUPLE OF YEARS, salvage my total investment in thistock...I got interested in Aveng when there was the overtone by M&R that it was going to  buy  Aveng, just for Aton to put a spanner in that works. As we all know Aton was then stopped to buy M&R by the competition board but in the meantime I was buying here and there...for the long term. So I hope this share can turn around. Perhaps one should even buy more at if it gets to 1c as some has suggested and perhaps this penny stock will deliver some day? 

 

regards

The amazing thing in this country is that .....now construction has ground to a complete standstill. Where is this Gov's proposed injection of billions into local construction to stimulate growth, and through it creating much needed jobs. It's a shame. In 2008 to 2009 for Soccer World cup all the local construction companies were doing very well but now every one is virtually bankrupt.  A real horror story  


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