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Aveng (AEG)...free lunch?!

Aveng AEG small cap construction

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#21 Peanut_Butter

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Posted 03 September 2021 - 05:06 PM

AVENG(ers) assemble

https://research.eas...ff-235db76c453e
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#22 Tonyh199

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Posted 01 September 2021 - 04:22 PM

Exactly... Us as shareholders were there when they needed us to reduce their debt and therefore save on interest and this is how they cut into our quantity of shares. Personally, I would much rather wait and let them buy back the shares and therefore safeguarding my quantity of shares. Unless they want to reward us with a ridiculously handsome dividend... which I seriously doubt.

A buy back would be great but I don´t see it happening soon since they have just sold shares through the rights issue at 1,5 cents to buy them back at 6 cents or 7 cents does not make sense until they have at least settled all the debt. 


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#23 MINK

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Posted 01 September 2021 - 03:40 PM

I am also not keen on the share consolidation as the value of your holdings almost always are worth less post consolidation than pre as the share price almost always fall to below consolidated share price levels. If they really want to add value and steady the ship, make profits and use that to buy back shares. Share buy-backs adds value, not share consolidations.

Exactly... Us as shareholders were there when they needed us to reduce their debt and therefore save on interest and this is how they cut into our quantity of shares. Personally, I would much rather wait and let them buy back the shares and therefore safeguarding my quantity of shares. Unless they want to reward us with a ridiculously handsome dividend... which I seriously doubt.


Edited by MINK, 01 September 2021 - 03:42 PM.

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#24 JR7800

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Posted 01 September 2021 - 02:49 PM

Exactly, funds want to turn their capital and AEG is likely to move slowly from here, plus there is the threat of consolidation and subsequent drops.so make your money now, play somewhere else and come back later

 

I am also not keen on the share consolidation as the value of your holdings almost always are worth less post consolidation than pre as the share price almost always fall to below consolidated share price levels. If they really want to add value and steady the ship, make profits and use that to buy back shares. Share buy-backs adds value, not share consolidations.


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#25 swartkat

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Posted 01 September 2021 - 02:35 PM

With that volume it has to be an institution or fund . You would think they would be in for the long haul especially with the good results.

 

Exactly, funds want to turn their capital and AEG is likely to move slowly from here, plus there is the threat of consolidation and subsequent drops.so make your money now, play somewhere else and come back later


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#26 Tonyh199

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Posted 01 September 2021 - 01:08 PM

Someone who got in @ 1/2c taking profit at 6c? no shame in that

With that volume it has to be an institution or fund . You would think they would be in for the long haul especially with the good results.


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#27 swartkat

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Posted 31 August 2021 - 06:02 PM

Someone who got in @ 1/2c taking profit at 6c? no shame in that


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#28 Tonyh199

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Posted 31 August 2021 - 03:57 PM

Hopefully that 7 cent wall will start crumbling soon

Unfortunately it has gone the other way..Some big investor keen to keep the price down for some reason just dumped 800 million shares at 6 cents

on the market. There is  a 6 c wall of 250 million again.! Very frustrating day.


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#29 Queen B

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Posted 31 August 2021 - 03:05 PM

Hopefully that 7 cent wall will start crumbling soon


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#30 sommerso

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Posted 30 August 2021 - 05:36 PM

Gonna be an interesting day/week with results out tomorrow.

 

Audited consolidated annual financial statements for the year ended 30 June 2021

SALIENT FEATURES

- Group revenue increased to R25,7 billion (June 2020: R20,9 billion)
- Significant turnaround in operating earnings to R536 million (June 2020: R532 million loss)
- Headline earnings substantially improved to R751 million (June 2020: R950 million headline loss)
- Equity raised of R873 million
- Generated operating free cash flow of R1,5 billion (June 2020: R5 million outflow)
- Group debt reduced from R2,4 billion to R1,4 billion
- Net cash position of R1,1 billion (June 2020: R1 billion net debt)
- Work in hand of R25,3 billion (June 2020: R26,8 billion)
- Earnings per share of 2,7 cents (June 2020: 4,6 cents loss per share, restated)
- Headline earnings per share of 2,0 cents (June 2020: 4,0 cents loss per share, restated)


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#31 Shi

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Posted 30 August 2021 - 03:47 PM

Confidently trading at 7c, but another 1.2 billion share wall to break throug

 

Gonna be an interesting day/week with results out tomorrow.


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“One day Alice came to a fork in the road and saw a Cheshire cat in a tree. Which road do I take? she asked. Where do you want to go? was his response. I don't know, Alice answered. Then, said the cat, it doesn't matter.” - Lewis Carroll

#32 Spolle

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Posted 30 August 2021 - 03:24 PM

Confidently trading at 7c, but another 1.2 billion share wall to break through.


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#33 Spolle

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Posted 17 August 2021 - 10:02 AM

Going to get a lot of speculators trying to make big returns with every 1c movement.

 


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#34 Tonyh199

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Posted 17 August 2021 - 08:49 AM

Was briefly trading at 7c this morning.

Just one transaction at 7 cents. Then one person dumped 500 million shares for sale at 6 cents.Seems there is a big shareholder that does not want the price to increase.


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#35 Staghorn

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Posted 17 August 2021 - 05:54 AM

https://www.moneyweb...rges-to-profit/
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#36 Staghorn

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Posted 17 August 2021 - 05:54 AM

https://www.moneyweb...rges-to-profit/
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#37 Junz

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Posted 16 August 2021 - 04:05 PM

Was briefly trading at 7c this morning.


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#38 Tonyh199

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Posted 13 August 2021 - 06:03 PM

532 Million sold today. The 6 cents wall is down from 1,1 billion this morning to 310 m at close. There is a good possibility of seeing some 7 cent trades on Monday.

 

With the headline earning per share between 1,8 and 2,1 (as per the SENS) a share price of 10 cents plus by month end is possible.

 

All looking good at the moment.


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#39 Blackobar

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Posted 13 August 2021 - 02:10 PM

Good trading report, let's see the results on the 31st.
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#40 Tonyh199

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Posted 11 August 2021 - 10:16 AM

Closed yesterday at 6 cents and good volumes at 6 cents this morning with 1,3bn shares for sale at 6 and zero at 5 at the moment. A nice 6 cent platform being established ready for the next push when results are published on the 24th. 

 


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