Aveng (AEG)...free lunch?!
#341
Posted 19 February 2021 - 01:50 PM
My total average per share will then go to 2cents.
But so far no joy on the sale.
#342
Posted 19 February 2021 - 01:23 PM
#343
Posted 19 February 2021 - 01:15 PM
Thought that was an unbelievable trading update, but why is there 1.7 B shares currently on offer at 4c, surely this is worth more
Where does one see the shares on offer?
I'm guessing 1.7B shares bought at 1c and selling at 4c isn't a bad profit?
#344
Posted 19 February 2021 - 11:23 AM
Thought that was an unbelievable trading update, but why is there 1.7 B shares currently on offer at 4c, surely this is worth more
#345
Posted 19 February 2021 - 09:23 AM
Guys I have not followed aveng for ages except now where I see the trend is up and there is some positivity around her.
Would you say aveng is also undervalued ? Has the rights issue come into effect yet ?
Rights issue has been SENS'd and will come into effect beginning of March.
There was a lot of positive news. Next week is the YE results so that will be telling, but preliminary results are looking good for the turn around. Regarding value, unfortunately I cannot say exactly, will also wait for the rest of the forum to foretell
#346
Posted 19 February 2021 - 09:14 AM
Would you say aveng is also undervalued ? Has the rights issue come into effect yet ?
#347
Posted 18 February 2021 - 05:47 PM
#348
Posted 18 February 2021 - 04:58 PM
Come to think of it, I might have missed it. Let me go read
Last date is 23 Feb.
Salient dates
* Circular to be published on Aveng website on Monday, 22 February
* Last day to trade in shares in order to participate in the Rights Offer (cum entitlement) on Tuesday, 23 February
#349
Posted 18 February 2021 - 04:01 PM
Thank you! I might just very well take up my rights offer. Just have to phone FNB and let them know not to sell it. I'm hoping I'm eligible. I bought my shares on Monday.
Come to think of it, I might have missed it. Let me go read
#350
Posted 18 February 2021 - 04:00 PM
you get 103.12203 shares for every 100 shares you have at discount price of 1.5c
Exp:
You 10000 shares
10000 / 100 x 103.12203 = 10312.203 shares you get on right offer
10312.203 x 0.015 = R154.68 cost of right offer
I think my calculation is correct .
Thank you! I might just very well take up my rights offer. Just have to phone FNB and let them know not to sell it. I'm hoping I'm eligible. I bought my shares on Monday.
#351
Posted 18 February 2021 - 03:53 PM
It should also be mentioned that you need to have the AEG shares at a certain date to qualify for the rights issue. If so, then you will be given N-shares (code probably AEGN) that you can sell (if you get a buyer) if you don't want to take up your rights. Check related SENS for when this is due. If you don't sell your N-shares, you will need to have the necessary funds in your account for the rights offer.
Thnx yes this is also the case
#352
Posted 18 February 2021 - 03:51 PM
you get 103.12203 shares for every 100 shares you have at discount price of 1.5c
It should also be mentioned that you need to have the AEG shares at a certain date to qualify for the rights issue. If so, then you will be given N-shares (code probably AEGN) that you can sell (if you get a buyer) if you don't want to take up your rights. Check related SENS for when this is due. If you don't sell your N-shares, you will need to have the necessary funds in your account for the rights offer.
#353
Posted 18 February 2021 - 03:44 PM
you get 103.12203 shares for every 100 shares you have at discount price of 1.5c
you get 103.12203 shares for every 100 shares you have at discount price of 1.5c
Exp:
You 10000 shares
10000 / 100 x 103.12203 = 10312.203 shares you get on right offer
10312.203 x 0.015 = R154.68 cost of right offer
I think my calculation is correct .
#354
Posted 18 February 2021 - 03:37 PM
Can anyone explain the rights offer on offer? Usually that means we get a ratio of our shares at a discounted price? I couldn't quite see the ratio nor the price. I might be able to take up the offer. Would just like to know what it is.
you get 103.12203 shares for every 100 shares you have at discount price of 1.5c
#355
Posted 18 February 2021 - 03:34 PM
Can anyone explain the rights offer on offer? Usually that means we get a ratio of our shares at a discounted price? I couldn't quite see the ratio nor the price. I might be able to take up the offer. Would just like to know what it is.
#356
Posted 18 February 2021 - 03:10 PM
So at 5 cents will have doubled my investment. Am not able to take up the rights issue, so will get that paid out.
Waiting for things to start going up here
#357
Posted 18 February 2021 - 03:00 PM
4c again due to the trading statement. Cash in or hold out until results are published? Last time it reached 4c I held fast and just like that it dropped back down. I am not heavily invested here, but every bit counts.
#358
Posted 16 February 2021 - 06:59 PM
#359
Posted 16 February 2021 - 02:12 PM
Half year results due next Tuesday. There should be some good news assuming management wrote off all its claim skeletons in the 2020 figures.
Just hoping the stronger rand does not impact too much as most earnings are foreign.
Edited by Tonyh199, 16 February 2021 - 02:13 PM.
#360
Posted 15 February 2021 - 12:11 PM