Jump to content


Photo
- - - - -

Aveng (AEG)...free lunch?!

Aveng AEG small cap construction

  • Please log in to reply
685 replies to this topic

#1 Tonyh199

Tonyh199

    Newbie

  • Members
  • Pip
  • 38 posts

Posted 05 May 2021 - 01:27 PM

98% approval for rights issue at EGM

 


  • 0

#2 Tonyh199

Tonyh199

    Newbie

  • Members
  • Pip
  • 38 posts

Posted 05 May 2021 - 01:27 PM

98% approval for rights issue at AGM

 


  • 0

#3 Tonyh199

Tonyh199

    Newbie

  • Members
  • Pip
  • 38 posts

Posted 04 May 2021 - 09:28 AM

And another big day yesterday with 156 Million..... 

 

and no news on the new rights yet.... 

The EGM is tomorrow to approve the rights issue. Results of EGM will be published on the 6th.


  • 0

#4 sommerso

sommerso

    Advanced Member

  • Members
  • PipPipPip
  • 292 posts
  • LocationCape Town

Posted 04 May 2021 - 06:58 AM

Some big movements today -180million shares traded .

 

And another big day yesterday with 156 Million..... 

 

and no news on the new rights yet.... 


  • 0

#5 Tonyh199

Tonyh199

    Newbie

  • Members
  • Pip
  • 38 posts

Posted 28 April 2021 - 05:18 PM

Some big movements today -180million shares traded .

 


  • 0

#6 sommerso

sommerso

    Advanced Member

  • Members
  • PipPipPip
  • 292 posts
  • LocationCape Town

Posted 22 April 2021 - 06:04 PM

And just like that we back to a billion shares a 4c.....

 

Oh JSE, though art a heartless B*tch  - Sheldon Cooper - Big Bang Theory  :D

 

Might be a wale that had enough of waiting for 5c and 10c .... cash out while the buying is hot?


  • 0

#7 JR7800

JR7800

    Member

  • Members
  • PipPip
  • 190 posts

Posted 22 April 2021 - 03:15 PM

And just like that we back to a billion shares a 4c.....


  • 0

#8 Tonyh199

Tonyh199

    Newbie

  • Members
  • Pip
  • 38 posts

Posted 16 April 2021 - 02:29 PM

HI,

 

do you have link to this information ?

The Follow on Rights issue circular on the Aveng website.Hope the maths is right !  6,7 bn shares to be issued at 1.5 c (R100m). There are 58 bn shares shares in issue . So only 1 right/share available for every 8.65 (58bn/6.7bn) shares owned.


  • 0

#9 Junz

Junz

    Newbie

  • Members
  • Pip
  • 8 posts

Posted 16 April 2021 - 10:25 AM

Some shareholders will offload for the profit but they will only be entitled to 1 right/share for every  +/-9 shares held so hopefully the volumes being offloaded will be small. I think bigger shareholders will wait for the price to move.

HI,

 

do you have link to this information ?


  • 0

#10 Tonyh199

Tonyh199

    Newbie

  • Members
  • Pip
  • 38 posts

Posted 16 April 2021 - 10:04 AM

And the SENS out is that Bank of America now owns 7% of the shares on offer. Which is nice :) 

I think we might still see 4c for a while after the 2nd rights offer as the 1.5c will put a lot of share holders that bought at 4c into profits. So they might just dispose at 4c again. Here is hoping they can have the sense to wait around for a few more cents. 

Some shareholders will offload for the profit but they will only be entitled to 1 right/share for every  +/-9 shares held so hopefully the volumes being offloaded will be small. I think bigger shareholders will wait for the price to move.


  • 0

#11 swartkat

swartkat

    Newbie

  • Members
  • Pip
  • 4 posts

Posted 16 April 2021 - 07:56 AM

Dankie Swartkat! 

 

When you speak of "Earnings", is that HEPS or just revenue? Or that very convoluted EBITDA... ? 

 

I'm looking at their interim results and they declared "Group revenue increased to R12,9 billion" how would that equate to "Earnings"  

 

"Earnings used in EPS reflects deductions for interest expense, taxes, depreciation and amortization."


  • 0

#12 sommerso

sommerso

    Advanced Member

  • Members
  • PipPipPip
  • 292 posts
  • LocationCape Town

Posted 15 April 2021 - 02:16 PM

Down to 484 million. On the other side the number of bids at 3 cents has increased to 340 orders totalling 490 million....The serious buyers here will have to soon have to accept that the probability of buying at this price is very low and that if they don´t buy at 4 cents in the next 2 weeks they will be looking at the only available shares being 5 cents +

 

And the SENS out is that Bank of America now owns 7% of the shares on offer. Which is nice :) 

I think we might still see 4c for a while after the 2nd rights offer as the 1.5c will put a lot of share holders that bought at 4c into profits. So they might just dispose at 4c again. Here is hoping they can have the sense to wait around for a few more cents. 


  • 1

#13 Tonyh199

Tonyh199

    Newbie

  • Members
  • Pip
  • 38 posts

Posted 15 April 2021 - 09:37 AM

Burning through that 1Billion ... 4c sell offers :)

Down to 484 million. On the other side the number of bids at 3 cents has increased to 340 orders totalling 490 million....The serious buyers here will have to soon have to accept that the probability of buying at this price is very low and that if they don´t buy at 4 cents in the next 2 weeks they will be looking at the only available shares being 5 cents +


  • 0

#14 sommerso

sommerso

    Advanced Member

  • Members
  • PipPipPip
  • 292 posts
  • LocationCape Town

Posted 12 April 2021 - 10:06 AM

Bigger trades coming through now

 

 

Burning through that 1Billion ... 4c sell offers :) 


  • 0

#15 AMG76

AMG76

    Member

  • Members
  • PipPip
  • 111 posts

Posted 12 April 2021 - 09:58 AM

Bigger trades coming through now
  • 0

#16 sommerso

sommerso

    Advanced Member

  • Members
  • PipPipPip
  • 292 posts
  • LocationCape Town

Posted 12 April 2021 - 09:10 AM

Interesting volumes going through today. The last 10 trades were all 750.... and we hit 9 million shares already in the first few minutes of trade today ....mmmm


  • 0

#17 Blackobar

Blackobar

    Member

  • Members
  • PipPip
  • 116 posts

Posted 11 April 2021 - 03:56 PM

McConnell Dowell news. Foot is firmly on the gas pedal.

https://renewablesno...ntracts-736546/
  • 0

#18 Blackobar

Blackobar

    Member

  • Members
  • PipPip
  • 116 posts

Posted 09 April 2021 - 10:41 AM

R2 a bit optimistic

64 Billion shares @ R2 gets you to R128Bil market cap. If you assume a Multiple of around 6,5 ->thats Earnings of R25,6B. I dont believe that AEG is close to that in the near future. Further away? Anythings possible


Absolutely Swartkat, R2 is stretch on my end, but I'm looking at it after share buybacks that we voted on a year or 2 ago. Otherwise I completely agree with you.
  • 0

#19 sommerso

sommerso

    Advanced Member

  • Members
  • PipPipPip
  • 292 posts
  • LocationCape Town

Posted 09 April 2021 - 08:52 AM

R2 a bit optimistic

 

64 Billion shares @ R2 gets you to R128Bil market cap. If you assume a Multiple of around 6,5 ->thats Earnings of R25,6B. I dont believe that AEG is close to that in the near future. Further away? Anythings possible

 

Dankie Swartkat! 

 

When you speak of "Earnings", is that HEPS or just revenue? Or that very convoluted EBITDA... ? 

 

I'm looking at their interim results and they declared "Group revenue increased to R12,9 billion" how would that equate to "Earnings"  

 


  • 0

#20 swartkat

swartkat

    Newbie

  • Members
  • Pip
  • 4 posts

Posted 09 April 2021 - 08:42 AM

1. Yes, I'm following my rights.
I'm looking to start sell at at least R2 in a couple of years... Am I being too optimistic?
McConnell Dowell and Moolmans are great businesses, we just need to sell all the non core loss making businesses, payoff the debt and focus on our core businesses.

R2 a bit optimistic

 

64 Billion shares @ R2 gets you to R128Bil market cap. If you assume a Multiple of around 6,5 ->thats Earnings of R25,6B. I dont believe that AEG is close to that in the near future. Further away? Anythings possible


  • 0





Sponsored by Sharenet and VPSNine Linux VPS Hosting