AEG - Aveng Group Limited

Jul 27, 2021 at 12:23 Twitter · Facebook

AEG share price on Johannesburg Stock Exchange

Aveng Limited is an international infrastructure and resources holding company operating in the construction, engineering, and mining industries. The Group’s key geographic markets are South Africa and sub-Saharan Africa, Australasia, and Southeast Asia, capitalizing on the expertise and experience within its core subsidiaries McConnell Dowell and Moolmans. McConnell Dowell is an engineering and construction contractor delivering projects in the infrastructure and resources sectors in Australia, New Zealand, Southeast Asia, and the Middle East. Moolmans is a South Africa-based open-cut mining contractor offering services across the mining value chain.

Aveng is set on a path to pursue its strategy around the Group’s aforementioned core businesses, which have returned to profitability, and where the Company sees further prospects and growth opportunities. Following a multi-year journey which began in 2017, Aveng is currently engaged in the restructuring of its balance sheet, deleveraging it by more than R1 billion, extending the Group’s maturity profile to three years, and at the same time improving the Company’s South African liquidity pool. As McConnell Dowell plays an increasingly important role in the Aveng Group’s future, a secondary listing on the Australian Securities Exchange is likely.

AEG Stock Market Performance

The current share price of Aveng Group Limited (AEG) is ZAR 0.04. AEG closed its last trading day (Monday, July 26, 2021) at 0.05 ZAR per share on the Johannesburg Stock Exchange (JSE). Aveng began the year with a share price of 0.02 ZAR and has since gained 150% on that price valuation, ranking it seventh on the JSE in terms of year-to-date performance. Shareholders can be optimistic about AEG knowing the stock has accrued 25% over the past four-week period alone—eighth best on JSE.

Aveng Group is the #1 most traded stock on the Johannesburg Stock Exchange over the past three months (Apr 28 - Jul 26, 2021). AEG has traded a total volume of 5.18 billion shares—in 4,031 deals—valued at ZAR 212 million over the period, with an average of 82.1 million traded shares per session. A volume high of 692 million was achieved on July 5th, and a low of 1.01 million on May 27th, for the same period. The table below details the last 10 trading days of activity of Aveng on the Johannesburg Stock Exchange.

Profile of Aveng Limited

Aveng Limited was founded on November 22, 1944 and operates in the Industrials sector, specifically, the Construction & Materials industry. Aveng contracts an estimated total number of 9,982 employees. The company is led by Sean Flanagan (59) as its Chief Executive Officer, since 2019. The company's board of directors is composed of six members whose names are listed below.

1. Flanagan, Sean
   Chief Executive Officer
2. Macartney, Adrian
   Chief Financial Officer
3. Hermanus, May
   Lead Independent Non-Executive Director
4. Hourquebie, Philip
   Independent Non-Executive Director
5. Kilbride, Michael
   Independent Non-Executive Director
6. Modise, Bridgette
   Independent Non-Executive Director

AEG Industrial Market Competitors

Aveng Limited, issuers of the AEG stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Industrials sector and/or Construction & Materials industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Stock Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange