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Aveng Ltd (AEGJ)

Johannesburg
Currency in ZAR
396
+6(+1.54%)
Closed·

AEGJ Comments

All three major group financial targets: EBIT, operating margin and free cash flow. The overall scorecard achieved just 28.5%, and the ordinary group incentive pool was not funded. Yet the remuneration committee exercised its discretion to award bonuses anyway. CFO Adrian Macartney got a bonus of A$163,000 bonus. Including the non-executive directors, the total disclosed FY2026 remuneration comes to approx R87million (R73m for the execs and R14m for the non-execs). That's 40% of reported operating earnings before capital items.
*AEG missed all three major... I meant to say
Come back trail - some good news , seems solid enough ?
A tussle at level R3,81 to R4,00. A small volume could move the price both ways
Still filling my boots but not enough stock on offer under 380
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With R3,80 now having realized, I will again share my views on what I expect to happen. I believe that this is possibly the low. A sudden increase is unlikely, but in my view it could now stabilize. Aveng has net cash of A$160m. It can reasonably be expected that in FY2027 a further amount of A$60m will be spent on the legacy contracts. That leaves A$100m of cash, if all goes well. This is roughly R9 cash per share. The market is pricing in a risk. If you bought at this level, you are paying R3,80 for R9's worth of cash. To me personally, this discount justifies buying the share at this level, and that is what I am doing. If, and this is a big if, there are no further problems, the discount will shrink. If net cash levels increase over the coming years, the discount will become smaller, and this could happen rather quickly.
You are using the words years and quickly in the same sentence, lol. And this on the back of many, what feels like, wasted years - sigh. Unfortunately the negative market perception has also had a compounding effect (negatively) that also needs to be factored in to the equation, besides the economic principles only. Thanks for your inputs Frikkie
Market cap below R500m
It is not great, but I anticipate that it will find support here
There we go folks. I told you R3,80 would realize. I am now sticking to my guns and buying. If there is no support, it will drift to R2,95
Loading up on you're loosers , where you learn that investment philociphy
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Buy low, sell high? We low yet? :-)
I have been buying high! :)
You can buy low today Frikkie.....380c is within sight!
I was relying on you to fill your booties, but again it is only talk......
I bought some more Aveng today at 3.90c Let's see if it's bottomed out there has to be alot of upside soon!
I hope you are right but I dont see any reason for upside until the December results are released in Feb 27.
Good luck, Rene. There seems to be many sellers and a massive effort will be required to get the price above R4 again.
What kind of remedy should we use to correct the SP. Vicks Vapo rub.
Tippex would be better but still waiting for Frikkie to offload at 3.80c
Rika, are you saying they should prop up their share price by using their business cash?
No, but the reason they are so cash positive is surely a fundamental, scientific fact that they are doing well operationally, yet it's not reflected where it should, which is in the SP performance.
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With ample funds in the bank. Hay Konna.
Moving in the direction of a Penny Stock. Huhh!!!!!
Nyet to both levels Frikkie - pse hit me at bottom so that I can fill my boots!
It is going to take very little effort of the sellers to move the price to R3,80 and a mammoth effort by the buyers to get it back to above R4
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Why would they? They're getting paid millions for doing nothing, and they can buy twice as many shares next year with their money today.
I am curious why not one director has acquired shares at this level?
Easier to award shares to yourself.
I will ask them this exact question when we have the next results presentation.
Maybe you can answer the question as well when you see the results.
This share is in serious trouble....
Backie, you were right! R4.00 support fell 😱
It's sometimes easier to see a trend in an illiquid share...
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Will R4 be support?
Trying my best but not enough sellers at 3.80 or less......so help me out
Looking for your boots? I have put my money in. I am afraid you won't get any help from me
Brian. How many do you want to buy at R3.80?
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
Probably not a bad buy, but don’t get too excited till at least the next results.
By then it will be too late?
No, there is not much news that can come now that can lift the share price I reckon. It’s only profit that can lift this short of a major breakthrough with selling Moolmans at a massive price or something else totally unknown to us.
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!
The big question is how did the business price and derisk their current portfolio. Having a proven CEO means nothing for the next two years whilst he implements changes and current contracts are completed and replaced by others. The previous leaders have been a complete disappointment and this new CEO may be no better, especially if he is arrogant enough to also not communicate properly with the market or the shareholders. Piss poor marketing from the Aussies the past years. You can see they don’t have much experience and are likely leaders who climbed the corporate ladder due to skills shortages but didn’t really learn how to do business properly.
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
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Will fill my boots below 380c
...
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