Investing.com - Financial Markets Worldwide
Open in App

Aveng Ltd (AEGJ)

Johannesburg
Currency in ZAR
420
+1(+0.24%)
Delayed Data·

AEGJ Comments

On average, the daily volume for the past month is around 100 000 shares per day. Until a week ago, most of these trades occurred at bid level. In the past week, most tradea occurred at offer level. This is slightly positive and if this trend continues, there may be an increase that becomes sustainable
The seller dumping at shares at 421 has disappeared. The next big block for sale that has been there for a couple of weeks is at 440. I think the price may drift in that direction until some announcement is made.
Contract awarded for a consortium which includes MCD for the $700 million Kwinana Freeway Upgrade
Not a contract award yet. Preferred bidder status. Contract award to occur after negotiations with western australia roads division.
I stand corrected. Fingers crossed then.
I see a silver lining. It's however quite far away... :-)
For a silver lining there needs to be a dark cloud. Hopefully the storm is over ;)
The sale offers are relentless. I do hope that this changes soon.
Advertisement
I agree but I see only muted growth. We first need to finalise those two losses making cash eating problems that current management are struggling with... Kidson projects in Australia and Tshipi contract for Moolmans... That's why I think we will have to wait another 12 months for good returns...
Aveng has transformed from a marketable asset to an Alfa Romeo with an oil leak.
Awster I don't seem to find anything negative on Gamsberg? Please share your info on it. Thanks
There is a dispute between the previous contractors Tau and Black Mountain Mining who owns Gamsberg. They are claiming that they are still ientitled to work the mining area and that Moolmans has no right to be there. Moolmans was included in the lawsuit but it would appear that the liability risk is mainly with Black Mountain.
Who thinks the share price will increase or decrease after results release end Aug? I'll say share price will increase not sure how much but it will increase in price.
Elfranco, to answer your question. I don't think anyone can predict the increase/decrease of the Share price, merely due to the fact that Investors are held in the dark. I feel like a mushroom, to say the least. To predict is difficult. One thing is sure: it's not a good share to have in your investment portfolio.
I'll say let's wait and see, One month to go, we might be surprised....
Something I never realised. Sell my AEG shares, buy Stefanutti Stocks to the equivalent of the AEG sale, and earn dividends from Stefanutti at +- R3.30 per share. Then re-invest the proceeds earned from the dividends back into SS.
What?
Hopefully one day , our gains from AEG will pay off our property in Namibia.
I have already paid off the property I was hoping Aveng might do. LOL.
Advertisement
Plenty shares on offer (180 000) under R4.40 for anyone brave enough to buy.
and none at 4.19 lol
Father Christmas is coming at the end of August.
Rika, I really hope so, it's long overdue! Is there something we should know? :-)
Are AEG retail investors getting gifts or lumps of coal?
Rene, I am just as uninformed as all the other shareholders, but sure that something good will come out of the AFS's for 2026.
Big seller at R4.34
In 2025 there was a trading update on 15/8 and results were published on 18/8. This year the publication date has been pushed out a week to 25/8 . The trading update will probably be the week before that.
Guys if I need to be objective here, the share is moving sideways for a while on low volume..which speaks of uncertainty..a ounce of good news it will rocket but also if it goes the other way will decline further.. I will only start panicking if I see huge sells daily
You're being subjective here, as what you are saying is your opinion...
Wholeheartedly agree, Lucien
Advertisement
The daily grind is becoming so predictable!
It's so boring.
Its the same every day...nothing trades until lunch time! Buyer /Seller standoff.
A big trade this morning 236k
Tony, I know people who put in close to R10 million when the share was R24 post-consolidation. They were also bullish. I'm sure they wished that they had waited 5 years. This investor outlaying R1 million + could think the same in 5 years... And the investor who sells R1 million + shares must be quite desperate to cut their losses before results, or pretty wise to wait for another capitulation of sellers to take the share down further and then buy back in. I'm not predicting the future, but no one seems to be considering the view that the worst is yet to come on this forum, which is unwise and sets everyone up for possible losses. Disclaimer I hope the best for all of you
It is a fact that there is a big seller or sellers. It is possible that they are selling to buy cheaper, but that is a dangerous game. The volumes are just too thin. With good news the price will rise just too fast to buy a meaningfull amount of shares. There are large buyers at these levels. I still believe that it could go lower, but I will definately not sell to buy cheaper. What gives me a bit of hope is that there are buyers at this level, which was not the case two weeks ago
Many people bought in at R5 (1c) so it’s not a massive loss for some. There are also those who would sell in order to get a capital gains loss or just a direct loss if capital gains doesn't count for them so as to offset another share they have either made a profit on or hope to make a profit on. Many reasons why people sell that isn’t necessarily negative.
Looking at the bigger picture, I believe the primary overhang on the share price remains the unresolved Tshipi issue. An adverse outcome could result in a cash outflow of as much as R1 billion, placing considerable strain on the company's balance sheet. That would likely erode the current NAV of approximately R16/share to closer to R9, making it difficult for the market to re-rate the stock until this uncertainty is resolved. Hopefully this will be dealt with sooner rather than later.
Might be because they are not making any progress. The mine owner sits with most of the cards in this, and they are most probably just shrugging and saying, 'NO' to all the suggestions. The only incentive they have to settle is to protect continuity of production. The rest is pretty much dealt with in the contracts already. The long and short of it is the Moolmans either underestimated the cost or just cut the margins too fine, and the tide turned against them.
What Moolmans might be calling 'claims' might be much better described as 'taking a chance'. There is no indication that there is any legal or legitimate basis for these claims. The chances of them getting what they claim are very slim. At best they might possibly succeed in getting a much watered-down 'settlement'.
Spot on. Claims are just that.
Ok, I have now doubled my holdings in Aveng in the last week. My breakeven point is now more than 50% lower than 2 weeks ago. Let's see if this gamble pays off. Last year in July we were hovering between R5 and R6 rand, briefly touching R6.11 if I recall. Now we're almost -25% lower, again.
Holding thumbs for you Awster.
Thanks Fritz!
Advertisement
I had to recently sell my house due to listening to Penny. It's my own fault, though
Terrible to hear. I mean I feel bad now for holding a gun against everyone’s head.
under the circumstances, sarcasm is hardly appropriate. It remains the lowest for of wit and speaks volumes to the character. Shame on you.
I would never try and win and argument based on wit. I was taught young never to fight and unarmed person.
Penelope, calm down mate. I am not the only person downvoting your posts. One Frikkie one vote. Please explain to me your thinking process of how I could possibly degrade the share price by airing my views. Such a view is rather hypocritical, given that your posts, which are more often than not inaccurate, are clearly designed to feed rubbish to the members of this group. Why are you doing that
I see MissMoneyPenny hasn't been responding. I wonder if someone reported her, and now her account is blocked?
For me, the crazy part is that Stefanutti Stocks now has a market capitalisation that's double that of Aveng, while WBHO's market cap is around 15 times larger. I've said this many times before: if Aveng can consistently deliver solid profit margins, manage its risks effectively, and avoid unpleasant surprises year after year, I struggle to see how the share price doesn't move materially higher. The market is clearly willing to reward companies with those characteristics when you compare Aveng to its peers. The golden question, however, remains: can Aveng produce strong results with healthy margins consistently over the next few years? If it can, I believe shareholders could finally see the long-awaited re-rating in the share price—along with the return of dividends.
It seems like you might have been the one downvoting, Miss MoneyPenny — haha! We're actually pretty much saying the same thing. You can't really dismiss comparisons between Aveng and South African construction companies just because they don't have an RSA-based construction division. Most shareholders are in South Africa, and they've invested on the JSE into Aveng, which is 90% involved in construction—though not based in South Africa. To me, it's apples-to-apples, even if you might not see it that way. I’m a bit puzzled why you think you disagree with me, since we seem to be saying the same thing. Anyway, without a solid track record, this share isn’t going anywhere.
No no I don’t downvote. Only Frik who I see as someone who is intentionally trying to degrade the share price for whatever reason. It’s pretty apparent. I have no issue la with anyone else here.
And I’m not disagreeing with you, just saying that a direct comparison is hard to make for an offshore company. I believe we will see better pricing soon so long as projects have been derisked as was stated. Aus based contracts should make profit. Asian ones, I wish Aveng would leave Asian business alone, there are few ethics there when it come to business.
Let's wait a few more years. It might just be that this oldie turns out to be a golden oldie.
In a few more years, the entire board of Aveng will be in forced retirement 🤣🤣 So maybe you have a point there
In a few years and, and with the time value of money and if this share goes 100x us who have been on this ride since pre-consolidation might be lucky enough to break even :P
Advertisement
Simply Wall street projects this share should be at least 200 Rands per share LOL
Hopefully one day lol
Because it's based on MoneyPenny prediction 🤣🤣🤣
Hi Lucian, the R200 you see per share is the Share Price vs Future Cash Flow Value. So it is not quite true that it indicates that should be the share price. If you scroll further down, you will reach the fair value section, where it states there is insufficient data to calculate the fair value.
and so begins the upward trend towards results..... :)
Awster, Im sitting at this blackjack for 6 years already.
Well, I just took a gamble and doubled down and bought as many shares as I already had. I feel like I'm at a blackjack table.
Me too, since preconsolidation days.
Advertisement
AEG should list on Aussie s/exchange this year with secondary listing on JSE (btw the cranes have started to reappear in Sandton already!)
...
Install Our App
Follow us
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2026 - Fusion Media Limited. All Rights Reserved.