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Aveng (AEG)...free lunch?!

Aveng AEG small cap construction

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#41 sommerso

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Posted 29 March 2021 - 07:09 PM

Why do I smell a delisting here?

 

 

What makes you think that? 


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#42 skeez

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Posted 29 March 2021 - 06:47 PM

Why do I smell a delisting here?
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#43 skeez

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Posted 29 March 2021 - 06:46 PM

Why do I smell a delisting here?
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#44 Shi

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Posted 29 March 2021 - 05:00 PM

I hate it that these SENS don't have the before picture, is it so hard to add that to the SENS?


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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

#45 Sleepwa123

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Posted 29 March 2021 - 04:47 PM

New Sens Announcement (29 Mar 2021 16:16):

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 received formal notification on 25 March 2021 of an acquisition of the shares in Aveng,
resulting in a change in the total interest in the ordinary shares of Aveng held by JPMorgan
Chase & Co, amounting to 30.74% of the total issued ordinary shares of Aveng. This includes
the 19.90%, 2.62% and 8,22% holdings by Highbridge Capital Management, LLC, J.P.
Morgan Securities plc and J.P. Morgan Securities LLC, respectively, being subsidiaries of
JPMorgan Chase & Co.




29 March 2021
Melrose Arch


JSE Sponsor
UBS South Africa Proprietary Limited


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#46 sommerso

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Posted 29 March 2021 - 11:54 AM

and 351 million at 5 cents

 

 

Might take a bit before we get there .... but good to know there aren't billions on offer at 5c .... holding out for some higher highs  


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#47 Tonyh199

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Posted 29 March 2021 - 10:48 AM

An hour ago there was about 1.3 billion on offer at 4c.

and 351 million at 5 cents


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#48 Shi

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Posted 29 March 2021 - 10:08 AM

 

 

Can anyone see how many shares are on offer at 4c and if we have any on offer at 5c? 

 

 

An hour ago there was about 1.3 billion on offer at 4c.


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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

#49 sommerso

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Posted 29 March 2021 - 09:27 AM


 

Can anyone see how many shares are on offer at 4c and if we have any on offer at 5c? 


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#50 Shi

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Posted 23 March 2021 - 02:32 PM

Sounds like they saying if not taken up by shareholders then the 2 largest shareholders will take up all the shares. I think i might just take it up.  

 

Correct, but it does mean there is further dilution of shares. Also means that any share consolidation will be pushed back even further.


Edited by Shi, 23 March 2021 - 02:33 PM.

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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

#51 JR7800

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Posted 23 March 2021 - 02:23 PM

Hi all,

 

I took up my first rights and paid them.

 

This time round I think I will cash out and they can pay me for change.

 

Personally I do not think the share price will change much. It will hold between 2 and 4 cents for very long, especially if they keep on raising money at 1.5c. If all is used to pay debt then its ok but if they keep on rasing bonuses for them selves we are going to lose our as# on this one.

 

My 1.5c...


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#52 sommerso

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Posted 23 March 2021 - 02:23 PM

Sounds like they saying if not taken up by shareholders then the 2 largest shareholders will take up all the shares. I think i might just take it up.  

 

 

I'll have to delve deeper into my flexible friend..... as I'm considering it as well.. .funds dependent, but funds are running low after the previous offer 


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#53 CasualTrader

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Posted 23 March 2021 - 02:15 PM

Sounds like they saying if not taken up by shareholders then the 2 largest shareholders will take up all the shares. I think i might just take it up.  


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#54 sommerso

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Posted 23 March 2021 - 02:12 PM

The Board has therefore taken the decision to implement a follow on renounceable rights
offer of R100m at 1,5 cents per share (being the same price as the initial rights issue). The
rights offer is expected to be fully co-underwritten at no fee, by the Company’s two largest
shareholders, and will be subject to shareholder approval. A circular calling an Extraordinary
General Meeting and setting out further details of the rights issue will be sent to
shareholders in due course. The Board has noted that all Directors and Prescribed Officers
have indicated that they will follow their rights.

 

 

It has to be a kind of record! But also then ... it is only for the two largest shareholders? Rights offers are awesome if you do it once off and manage to top up a bunch of your shares at a much lower price, but now they are diluting the shares even further ....and to keep fair value... you have to keep on topping up.....    

 

 

Question to the group.. .will you be taking up the rights? 


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#55 CasualTrader

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Posted 23 March 2021 - 01:58 PM

Very quick. This is probably positive. 

 

The Board has noted that all Directors and Prescribed Officers
have indicated that they will follow their rights.


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#56 Shi

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Posted 23 March 2021 - 01:02 PM

Wow, that was quick. Never before seen a rights offer announced just after one was concluded.


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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

#57 sommerso

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Posted 20 March 2021 - 07:16 AM

Let them do all they want. I'm just liking that we closed on 4c. Just a psychological close. And we get to spend the whole weekend looking at that green profits.
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#58 Shi

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Posted 19 March 2021 - 01:16 PM

Someone trying to get support for a pump, some utter crap here

 

https://www.reddit.c...web2x&context=3

 

It looks like more than one person given the comments and usernames. They are similar to JSE_Bets on Discord.


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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

#59 SB45

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Posted 19 March 2021 - 12:49 PM

Someone trying to get support for a pump, some utter crap here

 

https://www.reddit.c...web2x&context=3


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#60 Tonyh199

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Posted 19 March 2021 - 11:51 AM

Might just be another guy that is putting really small trades through at 4c to try and create some excitement. Did not see the volumes tho.

 

 

The other positive was.... the volume of yesterday! 650 million ..... almost a billion :)

 

The 4c volumes yesterday wasn't large volumes. But it was good to see 4c being hit ... .just itterating the "no sellers at 3c" 

Sommerso ..I should have phrased that differently ...At the moment there are no offers to sell at 3 cents - only bids to buy at 3 cents . This is a step up in the right direction from the last few months  when there were a billion offers to sell at 3 cents and the bids to buy were at 2 cents. Last week if you wanted a same day  sale you would only have got 2 cents now you will get 3 cents .


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