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Aveng (AEG)...free lunch?!

Aveng AEG small cap construction

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#661 Queen B

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Posted 21 June 2018 - 10:32 AM

Nicely done Polly!


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#662 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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#663 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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#664 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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#665 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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#666 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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#667 Polly

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Posted 18 June 2018 - 03:54 PM

and we have 6c on the board


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#668 Polly

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Posted 18 June 2018 - 03:22 PM

and 10m npl at 4c eaten...now at 5c


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#669 Polly

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Posted 18 June 2018 - 03:01 PM

How do you get 40c I wonder

 

this ones valued much more than this....pity they went all or nothing on rights issue at 10c....free lunch confirmed in my opinion


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#670 Shi

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Posted 18 June 2018 - 01:58 PM

with AEG trading at 17c, npl worth  at least 7c now!! easy money here. Need to be patient! I say aeg will trade around  40c after npls close!

 

How do you get 40c I wonder


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#671 Polly

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Posted 18 June 2018 - 12:00 PM

and that will take  npls around 30c...Lots of patience required!


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#672 Polly

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Posted 18 June 2018 - 11:59 AM

with AEG trading at 17c, npl worth  at least 7c now!! easy money here. Need to be patient! I say aeg will trade around  40c after npls close!


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#673 Polly

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Posted 16 June 2018 - 12:57 PM

Tuesday is D-Day bro

Don't leave it too long

Holding thumbs you get your 5

Is that date not 26th June?? last day to trade npls??


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#674 Queen B

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Posted 15 June 2018 - 06:03 PM

Tuesday is D-Day bro

Don't leave it too long

Holding thumbs you get your 5


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#675 Polly

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Posted 15 June 2018 - 05:57 PM

Sold my NPL's at 3 cents

Made a decent return on those

Now lets see where it all lands up next week

sitting with a few 100000's  ..not selling below 5c for a very decent return!!


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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.”


#676 Queen B

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Posted 15 June 2018 - 05:51 PM

Sold my NPL's at 3 cents

Made a decent return on those

Now lets see where it all lands up next week


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#677 Queen B

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Posted 15 June 2018 - 05:11 PM

Any of you guys been trading these over the past month or so?

Been quite a roller coaster ride


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#678 BoerieBuffet

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Posted 04 March 2016 - 03:21 PM

Some more seats filling up around the table ready for the free lunch buffet.... Investec and Kagiso Asset Management seem to be hungry....


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#679 SB45

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Posted 18 December 2015 - 02:09 PM

The market might be tough but I am starting to think that these lower lows by Aveng are a reflection of how the company is being run, very high revenues but no profits. To me this speaks to execution of projects at hand, and does not give any confidence going forward, with new projects, any thoughts on what the upside might be?
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#680 Jack5

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Posted 13 November 2015 - 10:46 AM

The problem with Aveng at the moment is that both its major markets (SA and Australia) are commodities driven. So with the slump in commodity prices both will cut back on infrastructures spending. This is why the order books are not looking great.

 

Unfortunately until commodities start improving, Aveng's revenues will be under pressure. And even if they do improve it will take time for the economies to recover enough to start spending again. Even with a positive NAV, if the company keeps making losses this NAV will quickly decrease and be forced to sell of assets just to stay in business.

 

I think Aveng is a solid company and should survive this down turn, but I fear it will be a really long time before the price starts to recover.


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