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Aveng Ltd (AEGJ.J)

AEGJ.J on Johannesburg Stock Exchange

522.00ZAc
29 May 2017
Change (% chg)

21.00 (+4.19%)
Prev Close
501.00
Open
506.00
Day's High
530.00
Day's Low
500.00
Volume
885,906
Avg. Vol
802,745
52-wk High
830.00
52-wk Low
325.00

Latest Key Developments (Source: Significant Developments)

Aveng Limited sees FY HEPS more than 20 pct lower
Wednesday, 17 May 2017 09:00am EDT 

May 17 (Reuters) - Aveng Limited ::Sees heps for year ended 30 june 2017 to be substantially more than 20 pct lower than basic heps loss of 75.2 cents year ago.Aveng - on qclng, arbitration hearings have been completed, co expects that an award is likely to be reported within current fy reporting cycle.Noted increasingly difficult, litigious and costly processes in bringing long outstanding claims to commercial conclusion.Aveng - despite unchanged view of merits of its existing claims, management is in process of evaluating previously recognised uncertified revenue.Evaluations may result in derecognition of certain previously recorded uncertified revenue.  Full Article

Aveng Group six-month headline loss narrows
Monday, 20 Feb 2017 10:15am EST 

Aveng Group : Reviewed interim condensed consolidated financial statements for the six months ended Dec. 31, 2016 . Six-month adjusted headline loss R76 million from R231 million at December 2015 . Six-month adjusted headline loss per share 19.2 cents improved from 58.0 cents loss at December 2015 . Six months revenue at R14,3 billion, decrease of 21 pct from R18.0 billion at December 2015 . Two year order book maintained at R27.7 billion over six months ended Dec. 31, 2016 .Challenging economic conditions are expected to continue in short term.  Full Article

Aveng agrees to second addendum over longstop date for certain asset disposals
Thursday, 22 Dec 2016 04:41am EST 

Aveng Ltd : Disposal of certain of Aveng Capital Partner's assets . Disposed of Steelmetals N3TC equity interest for a purchase price of R195 million and funds flowed on Dec. 12, 2016 . Received consent of Department of Energy to dispose of Windfall equity interest and Blue Falcon equity interest . Certain of conditions precedent with respect to Windfall Equity Interest, Blue Falcon equity interest and Imvelo equity interest have still not been fulfilled .Parties have agreed to execute a second addendum to share sale agreement, further extending longstop date to Jan. 31, 2017.  Full Article

S.Africa's Competition Commission clears Emerson, Pentair deal
Friday, 25 Nov 2016 05:10am EST 

South Africa's Competition Commission: Recommended to Tribunal that transaction be approved, with conditions, whereby Imperial Holdings intends to buy Interstate . Commission has approved, without conditions, the intermediate merger whereby Emerson intends to acquire the target business from Pentair . Commission has approved, without conditions, the intermediate merger whereby HZTP intends to acquire BML . approved without conditions, intermediate merger whereby Kutana intends to buy the target business from Aveng Africa . Recommended to tribunal that proposed transaction be approved, whereby Stellar intends to buy Prescient Holdings (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

Aveng says unit still in talks over sale of Aveng Trident Steel
Tuesday, 22 Nov 2016 05:00am EST 

Aveng Ltd : Renewal Of Cautionary .Aveng Africa still in discussions in relation to sale of Aveng Trident Steel and shareholders will receive a further update in this regard in due course.  Full Article

S.Africa's Competition Tribunal confirms immunity deal for Aveng
Thursday, 27 Oct 2016 08:26am EDT 

South Africa's Competition Tribunal: Has confirmed consent agreement between Aveng and Competition Commission, will give Aveng immunity from penalty Further company coverage: [AEGJ.J] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

Aveng says FY headline loss per share narrows
Tuesday, 23 Aug 2016 01:09am EDT 

Aveng Ltd : Summarised audited consolidated annual financial statements for the year ended 30 June 2016 . FY revenue r33,8 billion decrease of 23 pct . FY headline loss r299 million improvement of 48 pct from r578 million at June 2015 .FY headline loss per share 75,2 cents improvement of 48 pct from 144,3 cents at June 2015.  Full Article

Aveng sees FY HEPS loss between 65-79 cents
Wednesday, 10 Aug 2016 04:00am EDT 

Aveng Ltd :Sees FY HEPS loss will be between 65 cps and 79 cps, compared to 144.3 cps in 2015.  Full Article

Aveng Ltd says discussions are ongoing on possible deals
Friday, 20 May 2016 04:00am EDT 

Aveng Ltd :Confidential discussions are ongoing from various non-binding offers from numerous parties.  Full Article

Aveng Ltd gives FY 2015 earnings guidance
Thursday, 11 Jun 2015 08:28am EDT 

Aveng Ltd:Anticipates FY 2015 headline earnings per share (HEPS) to decline by at least 50 pct compared to 112.5 cents per share reported for comparative period.This translates to HEPS of at most 56.3 cents per share.  Full Article

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BRIEF-Aveng Group six-month headline loss narrows

* Reviewed interim condensed consolidated financial statements for the six months ended Dec. 31, 2016