866 replies to this topic

[Polly]

So I think the NAV is currently sitting at +- 18 cents. 

 

Latest Equity reported was 2,6 Billion, to this add the bonds of 2 billion minus 1 billion loss now. Very High level but you get to +- 18 cents if u assume 20 billion shares in issue. 

 

Am I missing something?

 

So 3 - 4 cents is a really good price in my opinion. 

thanks...assumed it was some where in that region....could be higher too

[andi222]

andi do you know what the net asset value is?? must be about+-15c?? ok after this last loss at least 12c

 

So I think the NAV is currently sitting at +- 18 cents. 

 

Latest Equity reported was 2,6 Billion, to this add the bonds of 2 billion minus 1 billion loss now. Very High level but you get to +- 18 cents if u assume 20 billion shares in issue. 

 

Am I missing something?

 

So 3 - 4 cents is a really good price in my opinion. 

[Polly]

andi do you know what the net asset value is?? must be about+-15c?? ok after this last loss at least 12c

[andi222]

Hahaha yeah man know that feeling, some shares are so cheap at the moment that u tend to overbuy. But always remember to keep some spare cash for the dips. Cash is King haha.

[Lionelza1]

Look at the volumes on this one... Damn

[Lionelza1]

That's my other problem... If I double up I'm gonna be broke haha, but then I can be like steinhoff and visit my creditors.... But NAH

[andi222]

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

[SB45]

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

[Lionelza1]

   

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

[Lionelza1]

 

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

[andi222]

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.

[Lionelza1]

going back to 1c?

[SB45]

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)

 

[SB45]

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

[Polly]

Massive volumes today, touched 3c.

 

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

[Shi]

Massive volumes today, touched 3c.

 

[SB45]

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

[SB45]

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.

[ESS]

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.

[Polly]

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