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Aveng (AEG)...free lunch?!

Aveng AEG small cap construction

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#801 Trader001

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Posted 20 August 2018 - 11:45 PM

Anyone knows what is happening to the share price...now hovering at 5c - 6c and whether this company will be able to pick itself up by its own shoe laces? What is a realistic outlook and  future share price for Aveng now that MuR's plans to acquire it has gone bust?

 

Aveng is also quiet on the SENS front. Is management really trying to get rid of those lost making entities in its portfolio ....Aveng Manufacturing, Aveng Steel and Grinaker.

The company better start doing something or at least say something or else it will soon be dissapearing in a black hole.


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#802 Trader001

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Posted 27 July 2018 - 03:56 PM

I have read that Murray and Roberts (MR) has recently been successful in landing  R4 billion  worth of contracts made up of .one in australasia and another ...a development contract for a copper mine in Mongolia. So it make sense that MR wants to acquire the mining arm of Aveng..

Is this, by implication, not good news for Aton which wants to become a world player, including mining and their reasoning to acquire MR?

 

Therefore...it would seem quite stupid to me if Aton blocks the acquisition of Aveng by Murray and Roberts.

Is my reasoning sound?

Any comments? 


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#803 Queen B

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Posted 27 July 2018 - 03:35 PM

I think a lot of us peeps road the rollercoaster ride when the NPL's were trading. Since then its all gone pretty flat.

Still have faith in this share and will keep adding


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#804 Trader001

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Posted 27 July 2018 - 03:21 PM

Great to have found this chat forum...never knew it existed. It seems that the questions i have about aquiring Aveng shares and the possible future of this company  and the involvemnt of MR and Aton's are being discussed here...Good  I will read the comments


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#805 neptunenine

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Posted 24 July 2018 - 03:40 PM

Thanks for your reply Polly, I will wait and hold instead of adding more for now.


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#806 Polly

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Posted 24 July 2018 - 03:20 PM

Aton obviously making sure they have the final say on MUR acquiring AVG...

 

However i wonder which was the cheaper alternative?

 

Buying that block of Aveng shares to vote against MUR acquiring AVG or just upping the offer to MUR from R17.00 to R21.00 to gain total control?

 

Me thinks they were not too clever cos if AVG goes bellyup, they will certainly loose more with this block buying of AVG. 

 

However they may see some value in AVG and probably hope some other bidder comes along so at least they can get something for their 25% share... Then this may be a clever and cheaper route to gain then acquiring MUR without the AVG deal...

 

Time will tell......

 

 

Anyway im sitting with 100000 AEG shares acquired free of charge from wheeling and dealing with their nil paid letters. So going belly up i dont lose, and if any offer comes along, i make something....

 

Definitely not adding.


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#807 neptunenine

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Posted 24 July 2018 - 01:40 PM

Would M&R not making a bid for Aveng, cause Aveng shares to drop significantly? It appears that even if they do make an offer, Aton can block the deal with it's 25%+ vote? I was looking to add more shares at 9c, but it is a complete gamble at this stage. Any thoughts ?


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#808 Blackobar

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Posted 06 July 2018 - 11:45 PM

Could this be a very expensive (but cheeky) way that ATON prevents the merger between MUR and AEG? With 25% of the shares, can they not block any takeover offer? Also, their R17 offer is not unconditional yet. Maybe, just maybe … :huh:


ATON is playing chess here, they want to block MUR from acquiring AEG. We'll see how this plays out.
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#809 Shi

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Posted 06 July 2018 - 11:37 PM

very very interesting.....no response from market yet! So first they taking over MUR...now Aeg??

 
Bloody surprised because they didn't want MUR to buy AEg.

 

 

Could this be a very expensive (but cheeky) way that ATON prevents the merger between MUR and AEG? With 25% of the shares, can they not block any takeover offer? Also, their R17 offer is not unconditional yet. Maybe, just maybe … :huh:  


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#810 Queen B

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Posted 06 July 2018 - 03:50 PM

Yip, 31mil shares traded today. Market like it


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#811 Polly

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Posted 06 July 2018 - 03:09 PM

moving up again....2c since news....excellent news


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#812 Polly

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Posted 06 July 2018 - 01:40 PM

In accordance with Section 122 (3) (B) of the Companies Act 71 of 2008 (“the Act”) and Para 3.83 (B) of
the JSE Limited Listings Requirements, shareholders are hereby advised that Aveng has received formal
notification on 5 July 2018, that Aton GmbH and its wholly owned subsidiary Aton Austria Holdings
GmbH, have in aggregate, acquired an interest in the ordinary shares of Aveng, such that the total
interest in the ordinary shares of Aveng now amounts to 25.42% of the total issued ordinary shares of
Aveng.

 
 
 
very very interesting.....no response from market yet! So first they taking over MUR...now Aeg??
 
Bloody surprised because they didn't want MUR to buy AEg.

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#813 Polly

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Posted 21 June 2018 - 01:32 PM

What options do AEG have if MUR doesn't table an offer? MUR's SENS earlier stated that due diligence still needs to be done. This also means an offer is at least a few weeks away.

business as usual with better liquidity to do business with long term bond paid off. Think that MUR offer will be a bonus . Still lots of value here


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#814 Shi

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Posted 21 June 2018 - 10:44 AM

What options do AEG have if MUR doesn't table an offer? MUR's SENS earlier stated that due diligence still needs to be done. This also means an offer is at least a few weeks away.


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#815 Queen B

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Posted 21 June 2018 - 10:32 AM

Nicely done Polly!


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#816 Polly

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Posted 21 June 2018 - 09:45 AM

sold 50% of npl for 9c....other 50% will be free trade with option to take up shares up @10c....which i wll do  ie convert at 10c to aeg shares

 

So getting free aeg shares   :)


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#817 Polly

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Posted 19 June 2018 - 06:13 PM

9 cents now!

Over 280 million NPL's traded today

I should have been more patient :D

:)  :)  :)


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#818 Queen B

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Posted 19 June 2018 - 05:19 PM

9 cents now!

Over 280 million NPL's traded today

I should have been more patient :D


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#819 Polly

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Posted 19 June 2018 - 02:48 PM

South Africa�s Aveng shares leap as M&R moves closer to tie-up
JOHANNESBURG, June 19 (Reuters) - Shareholders in South Africa�s Murray & Roberts voted on Tuesday for the company to look into a potential tie up with construction rival Aveng, sending Aveng's shares around 25 percent higher.
The resolution got the backing of 52.06 percent of votes at the Murray & Roberts' (M&R) annual shareholder meeting.
M&R and Aveng announced the potential merger in May, saying it would create scale in M&R�s key markets such as Australasia and Africa, while shoring up liquidity in loss-making Aveng in the near term.
"We are obviously very pleased with the way the voting went this morning. It is a demonstration of shareholder democracy," M&R Chief Executive Henry Laas told the media after the meeting.
The board of M&R will now move to finalise the terms of the proposed offer with the board of Aveng and then present a formal offer.

nice , very nice....+ 50c now new prediction


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#820 Queen B

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Posted 19 June 2018 - 02:24 PM

South Africa�s Aveng shares leap as M&R moves closer to tie-up
JOHANNESBURG, June 19 (Reuters) - Shareholders in South Africa�s Murray & Roberts voted on Tuesday for the company to look into a potential tie up with construction rival Aveng, sending Aveng's shares around 25 percent higher.
The resolution got the backing of 52.06 percent of votes at the Murray & Roberts' (M&R) annual shareholder meeting.
M&R and Aveng announced the potential merger in May, saying it would create scale in M&R�s key markets such as Australasia and Africa, while shoring up liquidity in loss-making Aveng in the near term.
"We are obviously very pleased with the way the voting went this morning. It is a demonstration of shareholder democracy," M&R Chief Executive Henry Laas told the media after the meeting.
The board of M&R will now move to finalise the terms of the proposed offer with the board of Aveng and then present a formal offer.


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