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Aveng Ltd (AEGJ)

Johannesburg
Currency in ZAR
402
+1(+0.25%)
Closed·

AEGJ Comments

Compared to the high-flying AI stocks, AEG represents a great NAV play going forward, having learnt from all the hard knocks of the past
So still me in the corner losing my religion and buying at depressed prices!
Am also of the opinion that AEG represents a reasonable risk-adjusted investment with a proven CEO and good infrastructure and mining prospects going forward.....and time will tell!
If you're so bullish on the share, why are you waiting for it to fall to R3.80 before buying? That doesn't sound like you still believe in the company or the newly appointed CEO. What happened to all that positive energy? At the current price, it should look like a bargain to you.
Am doing exactly that.......slowly averaging my price down
Will fill my boots below 380c
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It has made the 52 week low list and what will prolonged high diesel prices do for this company
Where have alle the bullish buyers disappeared to?
Waiting for 380c
wow 52w low and no sens ? whats up ? did u sell Frikkie that caused this ?
if you were to sell any meaningful number of shares, it would cause a collapse. There are just no buyers in this market for understandable reasons. I persist in my view that R3,80 may be the bottom (or support at least). I am not selling, but I am definitely not buying at this level. Catching a falling piano is never a good idea.
What is a meaningful size Frikkie?
I don't want to say I told you so, but I told you so
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This share will never recover. Point.
Perhaps we are reading different reports. The report I am looking at unequivocally states net cash of A$159,8m. If you don't agree, please substantiate.
What happened to Brian?😂Didn't he have answers to all of this?
R1.8b in cash reserves is reasonable for the size of their order book and it would only be concerning if their payment terms were bad. In Aus which is their biggest market their are secure of payment acts which protect them from the majority of cash flow risks on projects so long as they are claiming regularly.
Lot of investors are understandably miserable about this stock but take the unrealised losses on the chin and move on - there are quite a few reasons to be cheerful!
Lots of people have lost lots of money on this share and whilst the price crash from the R32 4-5 years ago was due to Covid era losses, most of us are just fed up with how the new Australian management are treating their shareholders by withholding information and doing as little as is necessary to communicate with us whilst taking home big pay checks and bonuses. Aveng should never have let Australians take over the management of this company as they have no idea how to communicate or are simply just arrogant enough to think they don’t have to. Whilst we may have division here in this group, I think we can all agree that we need to up the pressure on management this year. PS, Aveng have not been in construction in SA for years.
Fair points but still hanging in there - lets see what happens
Brian, You sound like a new kid on the block who is filled with optimism and has no idea of the losses that shareholders have experienced over the last 5 years. But it also sounds like you're a bit desperate to latch on to any bit of positive information that is thrown your way without any evidence. Hope is not a fundamental in a company - it's just called gambling. And yes, you could make money from gambling, but the house always wins. Those are the directors being paid while shareholders suffer
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Lets see what happens - new ceo kid on the block with good record, infratructure just beckoning to recover and contract mining in SA doing well - what is there not to like???
You said few weeks ago cranes are going up in Sandton again so we must be optimistic. Whereas AEG stands to get no benefit from any construction boom in SA.
Sadly those cranes are not from the old LTA/Grinaker division of Aveng who built some iconic buildings and stadiums in SA
This stock is down 99.88% over the 10 year period , it is a funeral , nobody is suppose to be happy
Haha I have more money in this share than most have in their portfolio. And yes, I’m down 2/3 of it from my R16 average. You’re welcome to call me what you want, but proof will be in the pudding at the end of the day.
I
Herman, I agree with your point much of this needs to be put into context with numbers 9years back I was buying at 40c already retracted from for a higher base post world cup hype etc, we are now at a price that is the equivalent of less than 1c 0,8c, so yes your figures are in no way an exaggeration as investors in this stock for the long hall we have all taken a huge knock!
The comments on here are actually quite informative. Mostly because of the number of quarters and now years the next quarter, next year song went out of tune. As someone said in the thread, ultimately we all have to make up our own minds. Thems the breaks.
I'm afraid Frikkie has run out of ideas now
Yawn!
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This feud is so tiring.
Agree
okay I will stop
Dont stop Frikkie - you have the right to express your view even although I disagree
Brian, you better start rallying the troops or put your money where your mouth is
Frikkie please drop the price so that wecan all help ourselves
I dont have to do a thing. It is happening on its own.
Yes Frikkie look, it’s dropped from between R4.10-R4.30 to right down to between R4.10-R4.30. An absolute disaster and collapse just as you predicted so many times.
MissMoneyPenny speaks the most sense about Aveng on this forum!
Bitterness is not a good thing. Maybe look in the mirror as to why you lost your house.
How can you mock someone who's lost their house due to investments? Think about their family. Where is the humanity???
John I’m not mocking him; he literally blamed me for being the reason he lost his house. So all of his comments are now coming from what I believe is a place of bitterness towards me; my point being, stop blaming me for for shortcomings as an investor, especially when you bet your house in something. That’s his fault for doing something like that, not mine.
Frikkie has got his way and AEG now down to 416........keep going, I need to bug below 400
for what?
380c or less
the watched pot never boils, Brian.
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Some long term investors have deep pockets Frikkie - catch the bus while you can
Perhaps you should convince the deep-pocketed long-term investors to jump on the bus. I am already on the bus, and I am occupying a number of seats.
Some - certainly not all investors . Steyn Capital dropped 2.8 million shares last year. Some of the other long term big investors also sold portions of their portfolios.
Start buying Frikkie
Frikkie you are still the only one who is actively trying to be negative for what never reason you are without any fundamentals to back up your statements. As for the guys who are pissed off with me; that’s their problem for over extending themselves. I never promised anyone certainty, I only followed fundamentals and those fundamentals got up ended by two major projects that went bust due to Covid and poor risk management of those projects. I still hold my position that given a profit and especially the 3% plus management are targeting I foresee a rise to the R30-50 I predicted 3 years ago. Still all based on fundamentals.
Penny, is proper risk management not a fundamental? or is it just not on your list? I am not guided (and would probably never be) by your views or predictions, as they have been proven to be just too far off the mark (to be fair to you, I would never have made my decisions based on this forum, or similar forums, in any event). The SP is 36c above my predicted low and R25.84 from the lower end of your predicted high. I would say I am closer, but perhaps you apply a mathematical method of calculating the share price which is as contrarian as your set of fundamentals. Anyway, I hope you are right for once. I don't think anyone is pissed off with you, I just don't think they take you seriously, and with respect, can you blame them?
Risk is a fundamental, one of many, however the risk that caught out the Pre-Covid projects was nothing close to normal. Still poor, but not normal. I’m not really worried or really care if anyone takes me seriously or not. My prediction will eventually come true once the fundamentals play out; if Managment ever pull their fingers out of their arses where they have been stuck the past few years. Worst decision the company could ever have made was hand it over into Australian hands. I live and work in Australia and mediocrity is rife with people who think they are world class and know what they are doing. The truth is that Australia is so under staffed that people get promoted into senior positions without actually gaining experience along the way because the skills shortage is so bad. That is the biggest problem to overcome. Inexperienced and arrogant management.
starting to look really grim
Take a longer view, Frikkie; that, unfortunately, is all I can say.
Frikkie are you an Aveng bear of note?
Am waiting in anticipation (Rocky Horror style) for Frikkie to offload all his AEG shares
So thats me in the corner, Frikkie - losing my religion but not my Aveng shares!
Oh, life, it's bigger Oh, life, it's bigger, bigger than you and you are not me... but bigger, bigger than the Aveng share price.
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Talk is cheap, money buys the whisky.......Frikkie & Rita
What on earth are you talking about, Brian. I am not selling. You may be confusing my negative sentiments with a sell order?
OK but if sellers can just offload their shares we can have much less moangatte!
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