Edition:
United States

Allied Electronics Corporation Ltd (AELJ.J)

AELJ.J on Johannesburg Stock Exchange

2,803.00ZAc
19 Jul 2019
Change (% chg)

3.00 (+0.11%)
Prev Close
2,800.00
Open
2,800.00
Day's High
2,830.00
Day's Low
2,772.00
Volume
468,706
Avg. Vol
265,303
52-wk High
2,875.00
52-wk Low
1,431.00

Latest Key Developments (Source: Significant Developments)

Allied Electronics Corp Sees FY Total Operations HEPS Between 180 Cents - 196 Cents
Thursday, 11 Apr 2019 02:30am EDT 

April 11 (Reuters) - Allied Electronics Corporation Ltd ::JSE: AEL - TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2019.ALLIED ELECTRONICS CORPORATION LTD - SEES FY HEPS FROM TOTAL OPERATIONS TO BE BETWEEN 180 CENTS - 196 CENTS.ALLIED ELECTRONICS CORPORATION LTD - SEES FY CONTINUING OPERATIONS HEPS BETWEEN 170-186 CENTS.ALLIED ELECTRONICS CORPORATION - FY LIKE-FOR-LIKE COMPARISON GROUP EBITDA FROM CONTINUING OPERATIONS IS EXPECTED TO INCREASE BY BETWEEN 28% AND 35%.  Full Article

Allied Electronics' Acting CFO Tim Jacobs Resigns
Thursday, 18 Oct 2018 03:00am EDT 

Oct 18 (Reuters) - Allied Electronics Corporation Ltd ::RESIGNATION AND APPOINTMENT OF ACTING CHIEF FINANCIAL OFFICER.TIM JACOBS HAS RESIGNED AS ACTING CHIEF FINANCIAL OFFICER.RECRUITMENT PROCESS OF IDENTIFYING A PERMANENT CFO IS PROGRESSING.ANDREW HOLDEN, CURRENT CHIEF OPERATING OFFICER OF ALTRON WILL ASSUME JOINT ROLE OF COO & ACTING CFO ON OCT 19.  Full Article

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