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Aveng (AEG)...free lunch?!

Aveng AEG small cap construction

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#21 andi222

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Posted 21 February 2019 - 02:14 PM

I doubled up at 3 cents, lets see where it will take us. I'm positive about this one.


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#22 SB45

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Posted 21 February 2019 - 12:12 PM

Yeah Andi, the devil is in the detail. Lets see on Monday what the detail is.
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#23 Lionelza1

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Posted 21 February 2019 - 10:31 AM

   

Yup....am not frustrated with this share and what i been reading management doing a good job in my opinion. Im patient on this one

infact i was going to add more at 2c but i am not looking at live prices so thats not working.....my avg 7c here


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#24 Lionelza1

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Posted 21 February 2019 - 10:29 AM

 

Just hold tight, management is trying their best. Remember its the banks that are trying to get out. They need to sell their shares they got from the convertible bonds. The trading statement was really bad but that was expected. I think we will see a significant change in 2019. I however want to see where their debts levels are currently. we will see in a few days.

 

Yup....am not frustrated with this share and what i been reading management doing a good job in my opinion. Im patient on this one
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#25 andi222

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Posted 21 February 2019 - 10:18 AM

Just hold tight, management is trying their best. Remember its the banks that are trying to get out. They need to sell their shares they got from the convertible bonds. The trading statement was really bad but that was expected. I think we will see a significant change in 2019. I however want to see where their debts levels are currently. we will see in a few days.


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#26 Lionelza1

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Posted 21 February 2019 - 10:00 AM

going back to 1c?


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#27 SB45

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Posted 19 February 2019 - 11:49 AM

I like it when management does what they have promised to do. Now remains the Grinaker headache

 

CATEGORY 2 TRANSACTION ANNOUNCEMENT: Disposal of Aveng Infraset business (R200 mil)

 


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#28 SB45

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Posted 14 February 2019 - 02:07 PM

Let us see what the Germans will do with Aveng, once they are done with M&R. I know they want Aveng Mining fits perfectly into their mining portfolio. Redpath, M&R ,Aveng Mining , they dominate the market even more so here in SA.

 

https://www.iol.co.z...ucceed-19289186


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#29 Polly

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Posted 13 February 2019 - 12:56 PM

Massive volumes today, touched 3c.

  :(

saw that...Think wb homes poor trading statement ( welcome to club wbh) having a negative effect here


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#30 Shi

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Posted 13 February 2019 - 12:42 PM

Massive volumes today, touched 3c.

  :(


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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

#31 SB45

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Posted 12 February 2019 - 08:36 PM

Bad trading update statements from WBHO, Raubex, the current “market darlings”....market still in the doldrums.
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#32 SB45

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Posted 04 February 2019 - 08:21 PM

This is R1.6 billion which belongs in part to Grinaker which is up for sale.

To be able to sell Grinaker they need to derisk it as much as possible to entice the buyers(which could be part of the on going negotiations, who knows). This is part of that.
Unrest equals risk and AEG said they will move away from high risk, low margin projects, top line looks great but margins are low on this one I would imagine based on the capacity in this sector at the moment.

For the better part of 2018 no access meaning months of P&Gs incurred, Overhead costs. Trying to appease the construction mafia would have eroded any margins as this was not priced in.

Employer is incurring standing time claims due them not being able to provide safe access to site which is the duty of the employer.
Bonds cost money and AEG doesnt have money to waste, plus they are not on-demand bonds but tied to a contract, so the employer cannot just pull them without an argued contractual basis unlike in the case with G5.

Employer will agree to this, go back, restrategise on localisation topics, re-issue the tender.

Conclusion, good call from AEG, management is really doing what they said they would do which is to clean house.
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#33 ESS

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Posted 04 February 2019 - 06:31 PM

Oh crap

Not to concerned. With Natal construction mafia, better to get out. Seems SANRAL agreed that to date no construction due to community issues. Dispute IS if it has been resolved and safe construction can take place. Anyway seems claims for delays due to SANRAL issues to date. Legal battle.
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#34 Polly

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Posted 04 February 2019 - 06:21 PM

some new contratcs already awarded but contractor cant access site...Again sanrails responsibility....


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#35 Polly

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Posted 04 February 2019 - 06:20 PM

Oh gosh, so big project cancelled. Refer to latest SENS. And they will probably have to pay a fine. . . 

lots of projects getting cancelled due to same reason..Just checked with someone in environmental... safety first..sanrail will have to bear the costs


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Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#36 Lionelza1

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Posted 04 February 2019 - 06:11 PM

Oh crap
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#37 andi222

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Posted 04 February 2019 - 06:04 PM

Oh gosh, so big project cancelled. Refer to latest SENS. And they will probably have to pay a fine. . . 


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#38 Blackobar

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Posted 01 February 2019 - 09:12 PM

SB45 I saw Investec buying in December from 2.6% to 5.8% . Aveng's Australian businesses are doing well. Patience is needed on this one as they clean house.
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#39 SB45

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Posted 31 January 2019 - 03:50 PM

thats the spirit..need to be brave and let Mr market work for you sometimes

Polly after my GRF blunder definitely will be braver


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#40 Lionelza1

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Posted 31 January 2019 - 03:08 PM

Yea Polly... This share I am indeed patient... With snh no
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