AEG - Aveng Group Limited
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.
Aveng Group Limited is listed on the Johannesburg Stock Exchange (JSE). Aveng is traded on the JSE under the ticker symbol “AEG”. The International Securities Identification Number (ISIN) of JSE:AEG is ZAE000302618. Aveng Group Limited is currently the 237th most valuable stock on the JSE with a market capitalization of ZAR 1.19 billion, which is about 0.0062% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 9.36 |
| Day’s High Price | 9.66 |
| Traded Volume | 7,596 |
| Number of Deals | 32 |
| Gross Turnover | 71,988.62 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 2.99 |
| Price/Earning Ratio | 3.16 |
| Dividend Per Share | 300.00 |
| Dividend Yield | 3,171% |
| Shares Outstanding | 125M |
| Market Capitalization | 1.19B |
AEG Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +9.24% | -9.04% | -38.6% |
| 6MO | 1YR | YTD |
|---|---|---|
| -40.5% | -37.4% | -39.2% |
The current share price of Aveng Group Limited (AEG) is ZAR 9.46. AEG closed its last trading day (Monday, June 5, 2023) at 9.46 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.4% drop from its previous closing price of 9.50 ZAR. Aveng began the year with a share price of 15.55 ZAR but has since lost 39.2% off that price valuation, ranking it 383rd on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that AEG has lost 9% of the stock’s value from May 8th to date.
Aveng Group is the 182nd most traded stock on the Johannesburg Stock Exchange over the past three months (Mar 2 - Jun 5, 2023). AEG has traded a total volume of 7.13 million shares—in 7,803 deals—valued at ZAR 81.3 million over the period, with an average of 113,246 traded shares per session. A volume high of 648,348 was achieved on April 25th for the same period. The table below details the last 10 trading days of activity of Aveng on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2023-06-05 | 7,596 | 9.46 | -0.04 | -0.42% |
| 2023-06-02 | 42,646 | 9.50 | +0.02 | +0.21% |
| 2023-06-01 | 21,147 | 9.48 | +0.08 | +0.85% |
| 2023-05-31 | 57,651 | 9.40 | +0.81 | +9.43% |
| 2023-05-30 | 106,123 | 8.59 | -0.07 | -0.81% |
| 2023-05-29 | 34,676 | 8.66 | -0.07 | -0.80% |
| 2023-05-26 | 26,628 | 8.73 | -0.12 | -1.36% |
| 2023-05-25 | 27,282 | 8.85 | -0.03 | -0.34% |
| 2023-05-24 | 17,512 | 8.88 | +0.16 | +1.83% |
| 2023-05-23 | 54,732 | 8.72 |
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 (61) as its Chief Executive Officer, since 2019. The company's board of directors is composed of six members whose names are listed below.
- Flanagan, Sean
Chief Executive Officer - Macartney, Adrian
Chief Financial Officer - Hermanus, May
Lead Independent Non-Executive Director - Hourquebie, Philip
Independent Non-Executive Director - Kilbride, Michael
Independent Non-Executive Director - Modise, Bridgette
Independent Non-Executive Director
Factsheet of Aveng Limited
- Sector
- Industrials
- Industry
- Construction & Materials
- Address
- 3rd Floor, 10 The High Street, Melrose Arch, Johannesburg, 2076, South Africa
- Telephone
- +27-11-779-2800
- Website
- aveng.co.za
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.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| WBO | Wilson Bayly Hlm-Ovc Ltd | 5.75B | 96.00 | +8.3% |
| PPC | PPC Limited | 3.67B | 2.36 | +8.26% |
| AFT | Afrimat Limited | 8.47B | 53.00 | +4.95% |
| TRL | Trellidor Hldgs Ltd | 217M | 2.28 | +3.64% |
| CGR | Calgro M3 Hldgs Ltd | 436M | 3.25 | +3.17% |
| SEP | Sephaku Holdings Limited | 254M | 1.00 | -3.85% |
| RBX | Raubex Group Ltd | 4.41B | 24.24 | -12.3% |
| SSK | Stefanutti Stocks Holdings Ltd | 226M | 1.20 | -25.5% |
| BIK | Brikor Limited | 83.8M | 0.10 | -28.6% |
| MTU | Mantengu Mining Ltd | 245M | 1.60 | +15,900% |
