AEL - Altron: Allied Electronics Corporation

Sep 26, 2023 at 14:18 Twitter · Facebook

AEL share price on Johannesburg Stock Exchange

Allied Electronics Corporation Limited (abbreviated as Altron) is a South African information technology services company that provides solutions in the fintech, health technology, safety and security, and learning and development sectors. In addition, the company also offers cloud computing, data management and security, enterprise application development, and training services. Altron is clustered into four operating segments based on its ICT capabilities, namely, Digital Transformation, Smart IoT, Healthtech & Fintech, and Managed Services — combining technical expertise with customer understanding to provide holistic tech solutions.

Though headquartered in South Africa, Altron has direct presence in the rest of Africa, Europe, Middle East, and Australia. The group also has strategic partnerships with leading international technology companies that gives it access to leading technology capabilities and products from across the world, including Asia, Europe, and North America. (Currently, most of the company's revenue and headcount are derived from the local market in South Africa.) With a purpose of delivering innovation that matters, Altron's strategic priorities are to increase revenue growth, improve profitability, transform the customer experience, and achieve employee excellence.

Altron: Allied Electronics Corporation is listed on the Johannesburg Stock Exchange (JSE). Altron: Allied Electronics is traded on the JSE under the ticker symbol “AEL”. The International Securities Identification Number (ISIN) of JSE:AEL is ZAE000191342. Altron: Allied Electronics Corporation is currently the 156th most valuable stock on the JSE with a market capitalization of ZAR 3.3 billion, which makes about 0.017% of the Johannesburg Stock Exchange equity market.

AEL Stock Market Performance

The current share price of Altron: Allied Electronics Corporation (AEL) is ZAR 8.15. AEL closed its last trading day (Friday, September 22, 2023) at 8.02 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 2.3% drop from its previous closing price of 8.21 ZAR. Altron: Allied Electronics began the year with a share price of 9.22 ZAR but has since lost 13% off that price valuation, ranking it 292nd on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that AEL has lost 9% of the stock’s value from August 25th to date.

Altron: Allied Electronics Corporation is the 120th most traded stock on the Johannesburg Stock Exchange over the past three months (Jun 27 - Sep 22, 2023). AEL has traded a total volume of 23.5 million shares—in 5,447 deals—valued at ZAR 191 million over the period, with an average of 372,944 traded shares per session. A volume high of 4.4 million was achieved on August 25th, and a low of 9,957 on July 10th, for the same period. The table below details the last 10 trading days of activity of Altron: Allied Electronics on the Johannesburg Stock Exchange.

Profile of Allied Electronics Corporation Limited

Allied Electronics Corporation Limited was founded on February 13, 1947 and operates in the Technology sector, specifically, the Software & Computer Services industry. Allied Electronics Corporation contracts an estimated total number of 7,331 employees. The company is led by Mteto Nyati as its Group Chief Executive, since 2017. The company's board of directors, chaired by Mike J. Leeming (79), is composed of 11 members whose names are listed below.

1. Leeming, Mike J.
   Chairman
2. Nyati, Mteto
   Group Chief Executive
3. Ball, Antony C.
   Board Member
4. Francis, Berenice
   Board Member
5. Dawson, Brett W.
   Board Member
6. Venter, Robert E.
   Board Member
7. Mnganga, Phumla (Dr)
   Board Member
8. Gelink, Grant G.
   Board Member
9. Van Graan, Stewart W.
   Board Member
10. Sithole, Samuel
    Board Member
11. Miller, Cedric
    Board Member

AEL Industrial Market Competitors

Allied Electronics Corporation Limited, issuers of the AEL stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Technology sector and/or Software & Computer Services 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 Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange