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Allied Electronics Corporation Ltd (AELJ.J)

AELJ.J on Johannesburg Stock Exchange

1,520.00ZAc
25 Jun 2018
Change (% chg)

-9.00 (-0.59%)
Prev Close
1,529.00
Open
1,520.00
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1,585.00
Day's Low
1,520.00
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1,997.00
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Latest Key Developments (Source: Significant Developments)

Allied Electronics Corporation Says FY HEPS From Cont Ops Increased By 19 Pct
Thursday, 10 May 2018 02:00am EDT 

May 10 (Reuters) - Allied Electronics Corporation Ltd ::FY HEPS FROM CONTINUING OPERATIONS INCREASED BY 19% TO 135 CENTS.FY REVENUE FROM CONTINUING OPERATIONS INCREASED BY 14% TO R14,7 BILLION.  Full Article

Allied Electronics Updates On Competition Commission Probe Into Altron Units
Thursday, 22 Feb 2018 01:00am EST 

Feb 22 (Reuters) - Allied Electronics Corporation Ltd ::ALLIED ELECTRONICS CORPORATION LTD - LEGAL FIRM BOWMANS CONCLUDED THAT IN THEIR OPINION THERE WAS NO ANTI-COMPETITIVE CONDUCT ON PART OFALTRON UNITS.ALLIED ELECTRONICS CORPORATION LTD - ALTRON BOARD IS SATISFIED WITH THIS FINDING.  Full Article

Allied Electronics says denies collusion allegations
Friday, 15 Dec 2017 04:19am EST 

Dec 15 (Reuters) - Allied Electronics Corporation Ltd ::CLARIFICATION ON ALLEGATIONS IN MEDIA OF COLLUSION BY SOME ALTRON UNITS ON DTT SET-TOP BOX TENDER ISSUED BY S.A. GOVERNMENT IN 2014​.ALTRON UNIT, WHICH IS IN PROCESS OF BEING SOLD, RESPONDED TO DTT TENDER IN 2014, BUT UNSUCCESSFUL IN BID TO SECURE TENDER​.‍DUE TO COMPETITION COMMISSION INVESTIGATION, THERE MAY BE DELAYS IN ALTECH UEC DISPOSAL PROCESS​.‍ALTRON DENIES ALLEGATIONS​.SAYS ‍NO MONIES OR FEES WERE PAID TO ANY INDIVIDUAL OR PARTY RELATED TO ENGAGEMENTS​.ALTRON EXPECTS EXTERNAL LEGAL FIRM, BOWMANS, FINAL REPORT ON INDEPENDENT INVESTIGATION INTO ALLEGATIONS AT END OF JAN 2018​.  Full Article

Allied Electronics Says CFO resigns
Friday, 1 Dec 2017 02:00am EST 

Dec 1 (Reuters) - Allied Electronics Corporation Ltd ::SHAREHOLDERS ARE ADVISED OF RESIGNATION OF GROUP CHIEF FINANCIAL OFFICER, MR ALEX SMITH, WITH EFFECT FROM 28 FEBRUARY 2018.AN ANNOUNCEMENT WITH REGARD TO APPOINTMENT OF A NEW GROUP CHIEF FINANCIAL OFFICER WILL BE MADE EARLY IN NEW YEAR.SMITH WILL WORK CLOSELY WITH NEW GROUP CHIEF FINANCIAL OFFICER DURING A HANDOVER PERIOD.  Full Article

Allied electronics says to dispose 80% interest and all financing in Powertech Transformers Proprietary
Wednesday, 15 Nov 2017 09:02am EST 

Nov 15 (Reuters) - ALLIED ELECTRONICS CORPORATION LTD ::‍ALTRON, THROUGH VARIOUS OF ITS SUBSIDIARIES ENTERED INTO SHARE SALE AGREEMENT WITH CONSORTIUM.‍ALTRON MAY PROVIDE POWERTECH TRANSFORMERS WITH A NEW 3-YEAR, R100 MILLION LOAN FACILITY ON COMMERCIAL TERMS AND SECURED AGAINST POWERTECH TRANSFORMERS' PROPERTIES​.‍CONSIDERATION TO BE RECEIVED BY ALTRON GROUP AS A RESULT OF TRANSACTION IS R250 MILLION, PAYABLE IN CASH​.THE AGREEMENT IS TO DISPOSE OF ALTRON GROUP'S 80% INTEREST AND ALL FINANCING IN POWERTECH TRANSFORMERS PROPRIETARY LIMITED TO CONSORTIUM ON TERMS​.‍CONSIDERATION WILL BE USED TO REDUCE OVERALL ALTRON GROUP DEBT.​.  Full Article

Allied Electronics Corp HY HEPS from cont ops falls
Thursday, 26 Oct 2017 02:00am EDT 

Oct 26 (Reuters) - ALLIED ELECTRONICS CORPORATION LTD ::‍HY CONTINUINNG OPERATIONS REVENUE 6.792 BILLION RAND VERSUS 7.537 BILLION RAND YEAR AGO​.‍HY HEADLINE EARNINGS PER SHARE FROM CONTINUING OPERATIONS 47 CENTS VERSUS 54 CENTS YEAR AGO ​.  Full Article

Allied says Altron's H1 total ops EPS will be between 22-22 cents
Friday, 20 Oct 2017 10:00am EDT 

Oct 20 (Reuters) - Allied Electronics Corporation Ltd ::ALLIED ELECTRONICS CORPORATION - ‍ALTRON'S TOTAL OPERATIONS BASIC EARNINGS PER SHARE FOR SIX MONTHS ENDED 31 AUGUST 2017 WILL BE A PROFIT OF 22 - 23 CENTS​.  Full Article

Allied Electronics agrees to acquire 100% of issued share capital of Blenheim
Friday, 29 Sep 2017 03:00am EDT 

Sept 29 (Reuters) - Allied Electronics Corporation Ltd :HAS ENTERED INTO A SHARE PURCHASE AGREEMENT TO ACQUIRE 100% OF ISSUED SHARE CAPITAL OF BLENHEIM.‍BYTES UK WILL ACQUIRE ISSUED SHARE CAPITAL OF BLENHEIM FOR A CONSIDERATION OF £35.9 MILLION​.‍ACQUISITION WILL BE FUNDED WITH A COMBINATION OF INEXPENSIVE BANK FUNDING AND BYTES UK'S OWN RESOURCES​.  Full Article

Allied Electronics sees HY HEPS to be between profit of 36-42 cents
Wednesday, 13 Sep 2017 03:00am EDT 

Sept 13 (Reuters) - ALLIED ELECTRONICS CORPORATION LTD :HEPS FOR SIX MONTHS ENDED 31 AUGUST 2017 IS EXPECTED TO BE PROFIT OF BETWEEN 36 CENTS - 42 CENTS.HY BASIC EARNINGS PER SHARE IS EXPECTED TO BE A PROFIT OF AT LEAST 20 CENTS (AS AGAINST PREVIOUS CORRESPONDING PERIOD PROFIT OF 6 CENTS).  Full Article

Allied Electronics says Powertech to sell Crabtree to Siemens AG
Monday, 10 Jul 2017 02:00am EDT 

July 10 (Reuters) - Allied Electronics Corporation Ltd ::Disposal By Power Technologies Proprietary Limited Of Its Crabtree Electrical Accessories Business To Siemens AG .Divestiture part of OC's business strategy to focus on it, telecommunications business and exit its manufacturing operations.  Full Article

BRIEF-Allied Electronics Says Unit Signs 5-Year Contract Worth R2.5 Bln With UK's NHS

* UNIT BYTES UK SIGNED 5-YEAR CONTRACT WORTH R2.5 BILLION WITH UK’S NHS TO ROLL OUT WINDOWS 10 TO ALL NHS COMPUTERS Further company coverage: