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Aveng (AEG)...free lunch?!

Aveng AEG small cap construction

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#1 Lionelza1

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Posted 18 March 2019 - 05:05 PM

infact i was going to add more at 2c but i am not looking at live prices so thats not working.....my avg 7c here

 

flirting with the 1c?


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#2 andi222

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Posted 14 March 2019 - 12:33 PM

People are scared that Aveng will go into business rescue just like group five, however one should note that Aveng does not have any major loans left after all the events (Conversion, rights issue, sale of non-cor assets) that occured. There needs to be something huge to take down Aveng now. They have implemented a good strategy which they are following. 


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#3 andi222

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Posted 01 March 2019 - 03:12 PM

Coronation still trying to get out. They had to take up lots of shares due to the bond conversion. They had 32% after conversion. Last SENS was they have 18%. So my guess is they are trying to sell the remaining 18%. I'm expecting a SENS soon that they have disposed of another 8%. 


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#4 new john

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Posted 26 February 2019 - 04:29 PM

 

 

I think management is on track and this will reflect positively on the share price. 

 

Let's hope so, this one is retirement money as far as I'm concerned ;) 


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#5 andi222

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Posted 26 February 2019 - 03:36 PM

I looked at the results again, looks really bad at first but if you dig deeper one can see there is progress. If we look at the future we have a order book which is 2 billion rand higher then 6 months ago, Net debt sits at 35 million from 1,3 billion debt 6 months ago. 

 

"OUTLOOK AND PROSPECTS A positive outlook for McConnell Dowell is supported by growing markets that will sustain robust demand for new infrastructure. The economies of Australia and New Zealand are expected to be strong and stable in 2019 and 2020 as a result of several large-scale infrastructure projects that are underway and strong demand in the road and rail transport infrastructure sectors along the east coast of Australia, driven largely by higher levels of public spending by the Australian government. Against this background, McConnell Dowell will grow and diversify its order book in selected markets. The ECI status ensures that McConnell Dowell is well positioned to secure additional work in the near term. The business continues to focus on improving the consistency of its project execution. Moolmans’ immediate focus is on fully implementing the remedial actions of the Group-led turnaround intervention. Moolmans is also focused on optimising and extending contracts in its current portfolio to restore planned operational and financial performance. Moolmans continues to pursue selected new opportunities in improving market conditions. Grinaker-LTA has a limited order book and prospects for acquisition of new work in subdued operating conditions. Businesses earmarked for disposal within the operating group continue to be right-sized to achieve the financial objectives of potential new shareholders." (extract of the aveng interim financials)

 

I think management is on track and this will reflect positively on the share price. 


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#6 andi222

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Posted 25 February 2019 - 05:52 PM

NAV at 17 cents, but gee results are horrible. Or do u guys think there is hope?


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#7 andi222

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Posted 25 February 2019 - 02:41 PM

So in the last financial statements the following was displayed: Jun’18 Rm Jun’18 adjusted Rm Gross Debt 3 309 1 830 Cash 2 076 2 569 Net cash / (debt) (1 233) 739 Equity 2 594 4 574 NAV per share (Rand)(Based on 20 billion shares) 0,13 0,23 If we could just see that net cash is around 700 Rm and NAV around 20 cents I'm really impressed with management. Let's see what interim have in store for us this afternoon.
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#8 andi222

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Posted 25 February 2019 - 10:31 AM

Results will be out today, Let's see what management has done so far. Hopefully we will see a debtless Aveng. 


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#9 Lionelza1

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Posted 21 February 2019 - 04:45 PM

Hahaha yeah man know that feeling, some shares are so cheap at the moment that u tend to overbuy. But always remember to keep some spare cash for the dips. Cash is King haha.

lol was 100% newbie when i bought this.....in progress


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#10 Polly

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Posted 21 February 2019 - 04:09 PM

So I think the NAV is currently sitting at +- 18 cents. 

 

Latest Equity reported was 2,6 Billion, to this add the bonds of 2 billion minus 1 billion loss now. Very High level but you get to +- 18 cents if u assume 20 billion shares in issue. 

 

Am I missing something?

 

So 3 - 4 cents is a really good price in my opinion. 

thanks...assumed it was some where in that region....could be higher too


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Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#11 andi222

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Posted 21 February 2019 - 04:02 PM

andi do you know what the net asset value is?? must be about+-15c?? ok after this last loss at least 12c

 

So I think the NAV is currently sitting at +- 18 cents. 

 

Latest Equity reported was 2,6 Billion, to this add the bonds of 2 billion minus 1 billion loss now. Very High level but you get to +- 18 cents if u assume 20 billion shares in issue. 

 

Am I missing something?

 

So 3 - 4 cents is a really good price in my opinion. 


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#12 Polly

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Posted 21 February 2019 - 03:33 PM

andi do you know what the net asset value is?? must be about+-15c?? ok after this last loss at least 12c


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Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#13 andi222

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Posted 21 February 2019 - 03:32 PM

Hahaha yeah man know that feeling, some shares are so cheap at the moment that u tend to overbuy. But always remember to keep some spare cash for the dips. Cash is King haha.


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#14 Lionelza1

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Posted 21 February 2019 - 03:31 PM

Look at the volumes on this one... Damn
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#15 Lionelza1

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Posted 21 February 2019 - 03:22 PM

That's my other problem... If I double up I'm gonna be broke haha, but then I can be like steinhoff and visit my creditors.... But NAH
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#16 andi222

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Posted 21 February 2019 - 02:14 PM

I doubled up at 3 cents, lets see where it will take us. I'm positive about this one.


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#17 SB45

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Posted 21 February 2019 - 12:12 PM

Yeah Andi, the devil is in the detail. Lets see on Monday what the detail is.
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#18 Lionelza1

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Posted 21 February 2019 - 10:31 AM

   

Yup....am not frustrated with this share and what i been reading management doing a good job in my opinion. Im patient on this one

infact i was going to add more at 2c but i am not looking at live prices so thats not working.....my avg 7c here


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#19 Lionelza1

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Posted 21 February 2019 - 10:29 AM

 

Just hold tight, management is trying their best. Remember its the banks that are trying to get out. They need to sell their shares they got from the convertible bonds. The trading statement was really bad but that was expected. I think we will see a significant change in 2019. I however want to see where their debts levels are currently. we will see in a few days.

 

Yup....am not frustrated with this share and what i been reading management doing a good job in my opinion. Im patient on this one
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#20 andi222

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Posted 21 February 2019 - 10:18 AM

Just hold tight, management is trying their best. Remember its the banks that are trying to get out. They need to sell their shares they got from the convertible bonds. The trading statement was really bad but that was expected. I think we will see a significant change in 2019. I however want to see where their debts levels are currently. we will see in a few days.


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