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Aveng (AEG)...free lunch?!

Aveng AEG small cap construction

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#21 Blackobar

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Posted 01 March 2020 - 01:58 PM

https://presentation...d=Aveng25022020

The link to the webcast

Andi, these are good results considering where this business was a year or two ago. If you strip out non-core, the core businesses are healthy with +cashflows and profitable with decent gross margins at 9-10%, 72% International and 28% SA is also a great one in my books.

I fully agree with the debt levels being manageable especially with the +cashflows

6 months to go on the 36 months turnaround strategy...So far I am happy with the progress and will continue to hold.

Cyril can keep his R700billion construction pipe dream.


The less SA exposure the better for Aveng, Cyril's blowing hot air. All talk no action. Then the problem of construction mafias, which the government is NOT willing to solve, they make that problem be the construction company's problem, when they know very well they should be arresting the people disrupting ongoing projects , threatening workers with violence.
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#22 Blackobar

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Posted 01 March 2020 - 01:35 PM

One advantage of having your share price at 1c is that if the markets fall like it is doing, it has no effect o your share price.


hahaha I hear you JR7800, Aveng unbothered by the markets drama.
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#23 JR7800

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Posted 28 February 2020 - 09:39 AM

One advantage of having your share price at 1c is that if the markets fall like it is doing, it has no effect o your share price.


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#24 SB45

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Posted 25 February 2020 - 06:10 PM

Half year results look promising. Definatly one to look out for in future. 

 

I think once all held for sale operations are sold management will look at either a share buy back programme or a reverse stock split. 

 

NAV still positive at around 13 cents. Operating units where turned around and debt levels are relativly low. All very good signals.

https://presentation...d=Aveng25022020

 

The link to the webcast

 

Andi, these are good results considering where this business was a year or two ago. If you strip out non-core, the core businesses are healthy with +cashflows and profitable with decent gross margins at 9-10%, 72% International and 28% SA is also a great one in my books.

 

I fully agree with the debt levels being manageable especially with the +cashflows

 

6 months to go on the 36 months turnaround strategy...So far I am happy with the progress and will continue to hold.

 

Cyril can keep his R700billion construction pipe dream.


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#25 andi222

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Posted 25 February 2020 - 02:31 PM

Half year results look promising. Definatly one to look out for in future. 

 

I think once all held for sale operations are sold management will look at either a share buy back programme or a reverse stock split. 

 

NAV still positive at around 13 cents. Operating units where turned around and debt levels are relativly low. All very good signals.


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#26 SB45

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Posted 21 February 2020 - 10:47 PM

That trading statement is something positive , management working . Expecting share buybacks sooner than later.


https://www.business...ll-boost-aveng/

let’s see what else they tell us on Tuesday. It would be great if they announce they will start with share buy backs.
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#27 Blackobar

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Posted 21 February 2020 - 07:00 PM

SB45, maybe something positive leaked. For me the important part is that the remaining operating units returned to profitability and debts levels of Aveng are low after the conversion. Those aspects are vital for a turnaround. Let's see what interim results will show.


That trading statement is something positive , management working . Expecting share buybacks sooner than later.
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#28 andi222

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Posted 11 February 2020 - 01:51 PM

Andi, interim results due on 25th of this month, lets see if postive or not. Do you think someone in the know started to share ?

 

SB45, maybe something positive leaked. For me the important part is that the remaining operating units returned to profitability and debts levels of Aveng are low after the conversion. Those aspects are vital for a turnaround. Let's see what interim results will show. 


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#29 SB45

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Posted 11 February 2020 - 01:34 PM

Andi, interim results due on 25th of this month, lets see if postive or not. Do you think someone in the know started to share ?
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#30 andi222

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Posted 11 February 2020 - 01:04 PM

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.

 

Interesting to see that we hit 3 cents today for a change. Wonder if the sell off at 2 cents is over. Time will tell, however i see progress here.


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#31 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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#32 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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#33 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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#34 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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#35 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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#36 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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#37 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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#38 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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#39 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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#40 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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