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Aveng (AEG)...free lunch?!

Aveng AEG small cap construction

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#21 realkingkam

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Posted 03 October 2018 - 11:36 AM

exactly 50:50 r/r...belly up or 20 bagger

Polly what is a 20 bagger ?
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#22 Polly

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Posted 03 October 2018 - 11:32 AM

consensus changed from 100% hold to 50%hold 50%buy

exactly 50:50 r/r...belly up or 20 bagger


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#23 Lionelza1

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Posted 03 October 2018 - 11:03 AM

consensus changed from 100% hold to 50%hold 50%buy


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#24 Polly

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Posted 03 October 2018 - 10:23 AM

Im not sure if we will see the 3 cents again. There is someone who takes up all shares at 4 cents. Can it be Aton? I doubt because they currently hold 1,3 billiin shares. To get to the 25% again they need to buy another 4 billion shares.

But for long term i see great potential in this company.

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Just sit tight and look after 6 months,12 month and 24 months......Maybe be belly up or a 20 bagger....cant getter r/r at this price.


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#25 andi222

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Posted 03 October 2018 - 10:17 AM

Im not sure if we will see the 3 cents again. There is someone who takes up all shares at 4 cents. Can it be Aton? I doubt because they currently hold 1,3 billiin shares. To get to the 25% again they need to buy another 4 billion shares.

But for long term i see great potential in this company.

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#26 Queen B

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Posted 02 October 2018 - 04:17 PM

3 cents on the cards already


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#27 andi222

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Posted 02 October 2018 - 03:57 PM

Pressure from top starting again. Lets see if the big volunes are gonna come back at 3 cents

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#28 andi222

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Posted 02 October 2018 - 12:04 PM

Still wondering who is buying all the shares. But agreed, 3 cents will come again. Always when volumes accumulate at 4 cents someone is selling big. SENS need to come soon tho.

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#29 SB45

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Posted 02 October 2018 - 10:55 AM

Sens out last night, quite a few bondholders turned shareholders. It looks like Old Mutual and Allen Gray were the ones dumping last week. JP Morgan next to dump? I will agree that we might still see below 3c
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#30 andi222

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Posted 30 September 2018 - 04:23 PM

Thats just the increase from the conversion of the bonds. Coronation was holding lots of the bonds. So dont know if they are buying more. I think it will still sit at 3 cents for a while.

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#31 Chris101

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Posted 30 September 2018 - 04:14 PM

Huge Volumes on Friday!!

 

Lets see if this baby will start turning now

 

Vol  1203967278

 

44 562 171

And Coronation is climbing in!

 

AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000111829
SHARE CODE: AEG
("Aveng" or "the Group")


Disclosure of Beneficial Interest in Securities


In accordance with section 122(3)(B) of the Companies Act, No. 71 of 2008 and
section 3.83(B) of the JSE Limited Listings Requirements, shareholders are hereby
advised that Aveng Limited has received formal notification on Thursday, 27
September 2018, that clients of Coronation Asset Management have, in aggregate,
acquired an interest in the ordinary shares of Aveng, such that the total interest in the
ordinary shares of Aveng held by Coronation Asset Management clients now
amounts to 31.75 % of the total issued ordinary shares of Aveng. Shareholders are
hereby advised that the acquisition is as a result of the Specific Issue of the shares to
the Bondholders as detailed in the announcement dated Tuesday, 11 September
2018. The total interest held by Coronation Asset Management clients before the
Specific Issue of shares was 20.19%.

 


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#32 Chris101

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Posted 30 September 2018 - 04:12 PM

Huge Volumes on Friday!!

 

Lets see if this baby will start turning now

 

Vol  1203967278

 

44 562 171

 

  


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#33 Trader001

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Posted 28 September 2018 - 10:22 PM

Think about it..firstly they blocked M&R to acquire Aveng by buying 25% shareholding in Aveng..so do the calc...what would they need percentage wise in Aveng to influence make major decision making now that bondholders are selling their over subscription for peanuts or ( would they need 40% of 19 billion shares? but at our exchange rate..it is not impossible)...as someone alluded to..bondholders are just selling Aveng because if it drops to a certain price it no longer forms part of its strategic investment plans. Me simple thinking is ... Aton wants to get their hands on the 2 best performing assets in Aveng ..to support their vision of ..getting a global footprint...so..i would say buy lots at 2 or 3c or lower...in the end you will score because this company is gonna be like a phoenics..its will pick itself up out of the ashes
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#34 Trader001

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Posted 28 September 2018 - 10:00 PM

Who is mopping up these shares??? can it be Aton?
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#35 Matrix

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Posted 28 September 2018 - 05:14 PM

Did you see volumes that just passed now? 

782million so far today.


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#36 andi222

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Posted 28 September 2018 - 03:01 PM

check the volumes now andi

 

Yeah crazy, haven't seen such volumes at any other share. In just 3 days 5% of the shares changed their owners. The buyers definitely see great potential. 


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#37 andi222

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Posted 28 September 2018 - 02:58 PM

between Coronation, Allan Gray and Aton, they probably hold over 50% of aveng now...

 

sens juts out re coronation 31%

 

That's great news. I think Allan Grey will sit close to 35% as they where holding lots of the debentures. Aton is sitting at roughly 5%. I'm expecting a SENS soon. They will also have to release a SENS in regards to Allan Grey's shareholding and even for Investec. 

 

It will be interesting if the Murray and Roberts deal might be negotiated again after Aton does not hold the major shareholding now.


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#38 Polly

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Posted 28 September 2018 - 02:40 PM

between Coronation, Allan Gray and Aton, they probably hold over 50% of aveng now...

 

sens juts out re coronation 31%


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#39 Lionelza1

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Posted 28 September 2018 - 01:08 PM

check the volumes now andi


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#40 andi222

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Posted 28 September 2018 - 11:22 AM

50mil on the 3c bid side and 350m on the 4c sell side. 

 

Like I said before this will go down to 1c again or R200m market cap equivalent (which is still double group five current mcap).  Expect a 1:100 share consolidation from 1c.  and then a further drop from R1.00 to perhaps 70c at fair value until industry stabilises and company retruns to profit - maybe 3 years.

 

I doubt this will fall below 3 cents. Remember they have 1,4 billion rand less liabilities. They don't have to repay these bonds. So actually the market cap should be sitting at 0.2 plus 1.4 which equals 1.6 divided by 19 gives you a share price of 8 cents. That's where it should be trading if you follow theory. That's however just my opinion. Current share ratio is 150 mil to 300 mil. And there is a lot of buyers. Yesterday 300 million traded.


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