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Aveng (AEG)...free lunch?!

Aveng AEG small cap construction

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#221 Trader001

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Posted 04 September 2018 - 02:53 PM

What is happening at Aveng. Executive Director has resigned as from 31 August according to the latest Aveng SENS and the share price keep on hitting new lows and is now between 3 and 4 cents/share. What a tragedy!!!. Has this company got the ability to rescue itself from this dire situation or should we... and all the investors in their shares, just assume that this is the end of this company. Anybody with relevant info. ..According to my knowledge there is suppose to be a shareholders meeting on 10 September 2018 at Boksburg but to date there is just nothing in the news about this upcoming event. 


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#222 Lionelza1

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Posted 31 August 2018 - 04:16 PM

No, the bid price and offer price is rarely the actual pps with Aveng.


Yup u got that right... That's how I lost out when I was ready to sell...then I notice sell price wasn't the same. Didn't sell so stuck
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#223 Rex

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Posted 31 August 2018 - 10:21 AM

And back up to 5c 66% ... so as I novice I look at this and say if I put 100k in at 2c and sell at 5c I make 66k profit ... why not ? Am I missing something ?

 

No, the bid price and offer price is rarely the actual pps with Aveng.


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#224 realkingkam

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Posted 31 August 2018 - 10:16 AM

And back up to 5c 66% ... so as I novice I look at this and say if I put 100k in at 2c and sell at 5c I make 66k profit ... why not ? Am I missing something ?
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#225 realkingkam

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Posted 31 August 2018 - 09:59 AM

Aveng down to 2c yesterday .... lost cause or opportunity?!?!
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#226 Queen B

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Posted 30 August 2018 - 05:36 PM

Im Bleeding badly on this share

Crazy investment when it was active, but now Im stuck in a big hole of piss and crap


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#227 realkingkam

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Posted 30 August 2018 - 04:03 PM

For 12K I got 300 000 shares. Then if the sum is correct for another R 3 600 i will get another 300 000. Brings me to a ave of 2,65c per share. If our Useless Goverment can just start spending money this Company will pay out Big Time....

Is the BEE rhetoric not going to effect contract procurement this would effect Aveng negatively in this country even when spending picks up ? Let alone comp from the likes of wbho and group five ect... but what about Australia revenue is it big enough to bring this share price up past a rand maybe two (thinking out loud) please let me know your reasoning into this investment

I suppose it is a question self answered is the risk worth the investment
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#228 Chris101

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Posted 30 August 2018 - 03:40 PM

it looks to me like Aveng will be going back to shareholders to get R2.5 billion from them in terms of a share offer to settle 75% of debt and if you are holding lots of shares..you might get an offer to buy more at 1.3c per share..thats what i have figured out..This idea is going to be discussed with shareholders on 10 Sept 2018 acoording to my info.

 

So if you have 12K of shares..you will have a lot which will enable (guarantee) you to buy even more at 1.3 c per share..that is my calculatioFor 12K

For 12K I got 300 000 shares. Then if the sum is correct for another R 3 600 i will get another 300 000. Brings me to a ave of 2,65c per share. If our Useless Goverment can just start spending money this Company will pay out Big Time....


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#229 realkingkam

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Posted 29 August 2018 - 11:47 PM

it looks to me like Aveng will be going back to shareholders to get R2.5 billion from them in terms of a share offer to settle 75% of debt and if you are holding lots of shares..you might get an offer to buy more at 1.3c per share..thats what i have figured out..This idea is going to be discussed with shareholders on 10 Sept 2018 acoording to my info.

So if you have 12K of shares..you will have a lot which will enable (guarantee) you to buy even more at 1.3 c per share..that is my calculation now.

So after this whole thing they will be trading anywhere between 1.3c and 5c a share until they sell there liabilities and implement a turnaround?

And if the proposal is rejected then they going to buckle under the debt .... ?
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#230 Trader001

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Posted 29 August 2018 - 11:31 PM

it looks to me like Aveng will be going back to shareholders to get R2.5 billion from them in terms of a share offer to settle 75% of debt and if you are holding lots of shares..you might get an offer to buy more at 1.3c per share..thats what i have figured out..This idea is going to be discussed with shareholders on 10 Sept 2018 acoording to my info.

 

So if you have 12K of shares..you will have a lot which will enable (guarantee) you to buy even more at 1.3 c per share..that is my calculation now.


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#231 realkingkam

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Posted 29 August 2018 - 10:23 PM

Seriously considering it ... they released something at 17.45 relating to issues of bonds ECT... is this good or bad ??

at 5c a share blow R 12K and let it rest for a few years :-)


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#232 JK001

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Posted 29 August 2018 - 09:08 PM

at 5c a share blow R 12K and let it rest for a few years :-)


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#233 realkingkam

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Posted 29 August 2018 - 09:02 PM

http://m.engineering...-26/rep_id:4433
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#234 JK001

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Posted 29 August 2018 - 08:03 PM

Will this positively effect the share price ?? I saw insane spikes in the share price twice this year do you know what that was about ?

Yes, because their Australian operation is strong with a R3billion plus value


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#235 realkingkam

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Posted 29 August 2018 - 07:50 PM

Those spikes ?!?! 5577f29e43ab149b62f56220418859d6.jpg
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#236 realkingkam

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Posted 29 August 2018 - 07:40 PM

Aveng has been struggling to get rid of its steel and building components. Could it be that it will announce a buyer on 10 Sep?

Will this positively effect the share price ?? I saw insane spikes in the share price twice this year do you know what that was about ?
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#237 JK001

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Posted 29 August 2018 - 07:31 PM

Aveng has been struggling to get rid of its steel and building components.  Could it be that it will announce a buyer on 10 Sep?


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#238 Shi

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Posted 29 August 2018 - 06:29 PM

Thanks Neptunenine..it made good reading. I read a Report to Aveng shareholder last night which will be up for discussion on 10 September 2018 at Boksburg where the company is going to put forward the idea of Special Share offer. They want to issue another 180 000 000 000 ordinary share to raise R2.5 Billion so as to repay part of the R3.5 Billion debt they have. It looks to me that voting for this will take place on 10 September. If it succeeds the current share price around 6 cents will be further diluted to some 1.38 cent that is what i have calculated

 

https://www.sharenet...eq=60&scode=AEG

 

I wonder if it is an error for the NAV and TNAV to have been shown as Rands and not cents. If Rands, then ...


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#239 Trader001

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Posted 23 August 2018 - 09:30 PM

So Aveng will be becoming active in the media agai. Aveng said that on 10 September they will issue a SENS about this matter
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#240 Trader001

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Posted 23 August 2018 - 09:25 PM

Thanks Neptunenine..it made good reading. I read a Report to Aveng shareholder last night which will be up for discussion on 10 September 2018 at Boksburg where the company is going to put forward the idea of Special Share offer. They want to issue another 180 000 000 000 ordinary share to raise R2.5 Billion so as to repay part of the R3.5 Billion debt they have. It looks to me that voting for this will take place on 10 September. If it succeeds the current share price around 6 cents will be further diluted to some 1.38 cent that is what i have calculated
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