Pink Sheets: Aveng Ltd (AVEPY) news stock charts
Aveng Ltd (AVEPY/AVEPY.PK) Penny Investment Summary:
Aveng Limited, through its subsidiaries, engages in the construction, and steel and allied businesses worldwide. Its construction business offers engineering and project management services to mining and energy sector; and opencast mining services to mining, energy, and heavy infrastructure markets. The company?s construction projects include power stations, pipelines, mining contracting, casinos, shopping malls, property development, roads, dams, harbors, and a range of other commercial and industrial installations. It also provides engineering, construction, and maintenance services, such as civil and marine, mechanical, electrical, pipeline, and tunnelling and underground services. Aveng?s steel and allied operations comprise the supply of shaped blanks to the motor industry, various steel and concrete products to the mining industry, steel to the manufacturing sector, and a range of structural and concrete reinforcing steel and other products to the construction industry, as well as rail sleepers and maintenance services for rail infrastructure. The company, formerly known as Anglovaal Engineering, was incorporated in 1944 and is based in Morningside, South Africa.AVENG LTD-UNSPON ADR (AVEPY:OTC)
Snapshot of AVENG LTD-UNSPON ADR (AVEPY)
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OPEN
$9.90
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PREVIOUS CLOSE
$9.39
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DAY HIGH
$10.25
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DAY LOW
$9.90
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52 WEEK HIGH
03/19/10 - $10.25
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52 WEEK LOW
02/5/10 - $9.39
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MARKET CAP
--
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AVERAGE VOLUME 10 D
239.0
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EPS TTM
--
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SHARES OUTSTANDING
0.0
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EX-DATE
10/14/09
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P/E TTM
--
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
Key developments for AVENG LTD-UNSPON ADR (AVEPY)
Aveng Ltd. reported earnings results for the six months ended December 2009. For the period, the company reported decline in headline earnings per share by 33% to ZAR 1.634 from ZAR 2.444. Revenue was 5% lower at ZAR 16.8 billion, largely driven by a lower steel price and reduced demand for steel. Operating profit slumped by 29% to ZAR 686 million.
Aveng Ltd. said that it is looking at quite a few acquisitions in South Africa and Australia. The company will look to acquire companies in the power and water industries, Chief Executive Officer, Roger Jardine said. Aveng is likely to make a large acquisition if a suitable target is found, he said. The chief added that Aveng has $409 million in free cash that may be used for acquisitions. Smaller acquisitions that could be added to existing operations will also be considered as part of a growth strategy.
Aveng Ltd. announced that they will report fiscal year 2010 results on 09/08/2010
Aveng Ltd financial resources
AVEPY Competitors
| Company | Last | Change | |
| No competitor information is available for AVEPY. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | AVEPY | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 45.3x |
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| Price/Book | 141.8x |
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| Price/Cash Flow | 514.0x |
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| TEV/Sales | 46.1x |
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AVEPY |
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AVEPY transactions
| Type Date |
Target |
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Buyback
October 23, 2009 |
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