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Aveng Ltd (AEGJ)

Johannesburg
Currency in ZAR
430
+6(+1.42%)
Delayed Data·

AEGJ Comments

Does not seem to be going anywhere!
Definitely not now and that's just great to pick up shares cheaply but let the new CEO start getting things right (as he has done in NZ) the stock will surelr soar from its now discounted NAV
Surely soar from it its discount to NAV
I guess those buying now might be buying at the bottom, bargain.
Yes Bryan. Let's look beyond the money that we came here to make on the stock market. It's all about good vibes and allowing management to get paid and be given shares at nil value while they erode shareholder value 🙄You must have less than 100k shares if you have this view to not take Rika seriously.
Always more than 2 views to everything - I am optimistic but the future will tell!
Look beyond just the share price, Rita
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This share performs so pathetically weak that once you're stuck with it , you cannot get rid of it. Even at a loss. Good riddance.
Are you still trying to sell, Rika?
Yes Frikkie
AI reckons a nav of AEG will be between 600 and 700c if they exit SEA and depending on methodology used?
A question for the NAV and deferred tax hopefuls. Have you considered that a large portion of that deferred tax comes from the losses incurred in South East Asia? Deferred tax is regional so only can offset against future profits in the region. Management is winding up operations in South East Asia as business is bad there. This may give rise to another write down of deferred tax asset and another accounting loss period in the future. If you're allowed to ask questions at the AGM. I would encourage you to find the answer to this as it could be significant.
Only around 20% of the taxation losses are recognised as deferred taxation assets in line with future earnings expectations
There is no page 49 in the 2026 annual results booklet. You're probably referring to the 2025 Integrated Report.
the 2026 annual results and financial statements. check the website, its 106 pages long
Trust the new Kiwi CEO will ensure it is profitable and keep his NZ record!
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McConnell announced that they won a 700mil $ contract in AUS. Tide is turning slowly but surely.
In times like this one should position and accumulate? Any thoughts?
Heavy buying support under 431c!
*as part of a consortium. Still, great news indeed.
Even though various indicators are starting to point in the right direction, there seems to still be no appetite for Aveng shares. Maybe a case of once bitten, twice shy?
Rika is not selling and Rene is not buying. Come on guys, put your money where your mouths are.
It seems somebody did. The 150K on offer below 440>will make sure the price goes nowhere fast Time for Rene and Brian to start loading up!
Am bok for buying <424c so make me an offer!
That's a bargain AEG can only go up from here!
You sell undervalued AEG shares at your peril with much better prospects from hereon
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Kidston project to come on stream july next year plus other ventures in the pipeline - remember the new CEO has never had an unprofitable venture in NZ. So just madness to sell Aveng shares now, esp with SA mining at Tshipi coming thru nicely
Between Rika and Rene, 17 000 shares changed hands, if they were the only trades. I expected more fireworks, to be honest
Time to buy Aveng it's pretty cheap!
I am buying more Aveng guys!
Buy Rika's shares.
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Jumping out and selling today. Had enough.
Hope you find a buyer at a good level
Sorry to hear Rika, I remember you had special plans for your shares. All the best
so finally we can go up 😄
The Aveng CFO is a top-10 shareholder, but his salary alone from Aveng is valued at 2 times his shareholding. Keep that in mind. Why would he care about the share price rising when, the further down it goes, he could double his holdings and still save half his salary?
A bit of a weird scenario - hope he responds
Why do you say that, Brian? It actually sounds quite plausible. The Directors have no incentive to grow the share price. At some point, they would have made more money than the actual market cap of Aveng
Am with you on this issue Jane but am sure the new CEO and Board will relook at the situation to ensure the management incentives are realigned with shareholder interests. Are there any other such anomalies?
Glad you got these crucial insights out in the open Rene and hopefulky the regime at Tshipi and the new CEO at the top get a grasp of these essentials quickly so that all stakeholders can be comfortable that Aveng can realise its potential from hereon
Would love to see Aveng reach it's potential, it boggles the mind that the risks encountered with each project have not been better managed, contracts with clauses securing against these risks and insurance covering/underwriting these disputes which seem to happen ever so often due to I suspect oversight in the contracts signed, what is mgmt/legal being paid/issued shares for then?
Firstly, thanks so much, Rene, for the questions that you asked during the webcast presentation. You really put the screws to management, where they had to answer for the lack of shareholder return.
Management don't care about the shareholders as long as they are being paid a salary
Pleasure Bobby glad they took my questions! We need to see returns and Aveng needs to realize it's potential!
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NAV of Aveng is R15.28 and subtracting R10 for deferred tax asset gives R5.28. So with new proven leader at the helm and share price around R4.30 is this not goid value to buy into?
What is the point of speculating about deferred tax losses when Aveng has now a new dynamic and competent CEO with a proven track record going forward and Aveng has now the potential to utilise these tax losses as a going business?
I don't think anyone is speculating about deferred tax losses. We are only saying that the deferred tax losses are included as an asset in the calculation of NAV. It creates a distorted value of the company. It would hold value if the business were profitable in future. All of the previous CEO were made out to be the next best thing, which they weren't. It is not the potential that is relevant, but the actual profits. I will wait to see what happens
its simply the difference between nav and liquidation value. aveng is trading roughly around liquidation value but far below nav. you can win a lot but you cant lose much except your time and your sanity :D and I dont think liquidation is realistic at the moment.
Exactly!
If Aveng had to liquidate today, shareholders would not get R15 plus, that's absurd! Deferred Tax makes up over a billion of the assets. That's like R10 per share of the NAV. Are shareholders expecting to ask the taxman to pay them? Crazy! True NAV is more in line with the current share price until legacy projects are out of the way and the business actually makes a profit, returning value to shareholders. Aveng does not have the cash to buy back its shares either. Sorry to pop anyone's bubbles. But please keep buying shares, as no one outside this group is.
Bobby! Why did you have to burst my balloon😭? I just looked at the balance sheet, and you're so right! That's a huge amount! I think Frikkie or someone in the group said that it can only be used if the company generates a profit. Anyhow, thanks for keeping us grounded, good sir. xoxo
Good point about the deferred tax asset but I am positive towards Aveng remaining in business and the new CEO growing the business profitably
according to AI we are looking at a nav of around R6.6
Share price gaining some momentum. Reasonable volumes yesterday following a lull after the results, and new larger buyers out at 420+ while not much available below 440. With a lot of the uncertaiinty cleared up in the results presentation buyers can be more confident. Hopefully in this new era we will see improve communication with shareholders which will further improve confidence.
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Not likely with NAV per share over R15?
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