866 replies to this topic

[Shi]

Rights traded yesterday 

 

1,006,883,834 

 

According to sharenet.co.za for AEGN. Yesterday was the last day to trade take up the rights offer? 

 

Correct. The AEGN share will be suspended as of today.

[sommerso]

It was short term. I just realised that 7c is 300% profits (post rights)     and then the mind got thinking

 

 

Rights traded yesterday 

 

1,006,883,834 

 

According to sharenet.co.za for AEGN. Yesterday was the last day to trade take up the rights offer? 

[sommerso]

I thought the question was short term movement, so that is what I would hope to see very soon. I would hope for greater upwards movement later on, with better results, and a bigger or a still growing order book.
I also think in the very short term, one may be able to pick up shares again at 2cents, as I do think some people have made big mistakes, and will just want to sell, once they have had to pay for their rights.

 

It was short term. I just realised that 7c is 300% profits (post rights)     and then the mind got thinking

[AMG76]

I thought the question was short term movement, so that is what I would hope to see very soon. I would hope for greater upwards movement later on, with better results, and a bigger or a still growing order book.
I also think in the very short term, one may be able to pick up shares again at 2cents, as I do think some people have made big mistakes, and will just want to sell, once they have had to pay for their rights.

[sommerso]

Morning. Yes, I do see a small adjustment upwards once the rights issue, and allocation, and confirmation of debt repayment has been completed.
Depending on if there is any other news, I would hope for early movement of between 5 and 7 cents.

 

 

It is going to be very difficult to keep the position open at 7c.... But the end goal is R1 ( depending on time and news, hoping for R3 .... time will tell ) 

[AMG76]

Morning. Yes, I do see a small adjustment upwards once the rights issue, and allocation, and confirmation of debt repayment has been completed.
Depending on if there is any other news, I would hope for early movement of between 5 and 7 cents.

[sommerso]

Morning all. So does everyone have the required funds ready and waiting for their rights......
Will be very interesting watch and see what happens after this is all finalized......
Goodluck

 

 

Are you expecting any changes to the share price in the near term?

[AMG76]

Morning all. So does everyone have the required funds ready and waiting for their rights......
Will be very interesting watch and see what happens after this is all finalized......
Goodluck

[AMG76]

Morning all. So does everyone have the required funds ready and waiting for their rights......
Will be very interesting watch and see what happens after this is all finalized......
Goodluck

[AMG76]

I see there was a sens outvyeaterday, about coronation reducing their holding from 6.something to 4.something.
Wonder if they doing what I did. Sell some at the 4c and 3 cent mark.....and then to buy the higher rights issue at 1,5cents.
Will be interesting to watch this space in the next few days.

[sommerso]

I think there are more than a few people who don't understand the difference etc, and the fact that they still have to pay the extra

 

I can concur with AMG on this. Probably more than half the day traders .. non institutional traders who know that..... but also...  as bad as it is, buying the share at 3,5c... .it hopefully means more people holding on to the share at 4'c and us possibly seeing 6c on account of them holding out for profits 

[AMG76]

I think there are more than a few people who don't understand the difference etc, and the fact that they still have to pay the extra

[Tonyh199]

Why are there buyers of the AEGN (Nil Paid Letters ) at 2 cents ? If my understanding is correct to take part in the rights issues it will cost a further 1,5 cents so 3,5 cents in total. Surely its better to just buy the AEG shares which are freely available at 3 cents ?

Edited by Tonyh199, 03 March 2021 - 06:51 PM.

[AMG76]

That would be amazing to begin with.....

[sommerso]

On a different thread came across this site 

 

https://simplywall.s...eg/aveng-shares

 

 

Sounds all very technical and reliable and well thought out..... 

 

Fair Value put at : R1,02  

[AMG76]

From my side, I think it will be interesting to see what sort of announcements come out wrt the debt being paid off, and the other portion converted at 5c a share. I think the share price may go to between 4 and 6 cents, at some point around there.......
The moment we get updates on projects been added to the order book and maybe updates in the media, I feel that will start the share price to increase upwards.
After the rights issue is completed, my average should be less than 2cents per share......

[Tonyh199]

Where do we think Aveng share price will go, once the rights offer etc has been completed.
Any takers?

My quick guess :I think it will hover around 3 to 4 cents until the 2021 figures are released. Management set a target of R1bn profit .  They were not specific as to when but for the first 6 months of 2021 the company achieved R438m so it could be close to R1bn for the year (especially with reduced finance charges following the rights issue). The interim EPS was 2,3cents. However with the number of shares in issue increasing from 20 billion to 47 billion , EPS for the full year could be around 2.1cents . With a multiple of 10  this could put the share at 20 cents in the next 18 months. 

[sommerso]

Where do we think Aveng share price will go, once the rights offer etc has been completed.
Any takers?

 

 

Based on no technical analysis whatsoever I'm feeling the following .....  

 

It will probably stay between 3c and 4c until the next set of interim results, I'm sensing about 10c in a year from now. 

We might see R1 in 18 to 24months from now and then depending on the results probably maybe even R3 in 36 months. 

 

 

a Conservative estimation based on nothing but a magic cueball and hope 

[AMG76]

Sorry, meant to add, as this would include the paying down and converting the debt as well

[AMG76]

Where do we think Aveng share price will go, once the rights offer etc has been completed.
Any takers?