Adrian Macartney - Aveng Director
Director
Mr. Adrian Macartney serves as a Group Chief Financial Officer, Executive Director of the Company. He is a CA and holds a BCom degree from the University of the Witwatersrand and a BCompt Honours from the University of South Africa. Adrian is currently an Audit partner at EY with over 20 years of assurance, transactions and advisory experience. He initially joined Ernst ampamp Young in 1992, based in Johannesburg, South Africa. Post qualification, he spent two years with PwC in New Zealand before returning to EY and making partner in 2001. He has provided audit, accounting, capital raising and due diligence services to clients in the mining and other sectors. His financial reporting experience includes both US GAAP and IFRS. since 2018.
| Age | 49 |
| Tenure | 6 years |
| Phone | 27 11 779 2800 |
| Web | https://aveng.co.za |
Aveng Management Efficiency
The company has return on total asset (ROA) of 1.36 % which means that it generated a profit of $1.36 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 11.8 %, meaning that it generated $11.8 on every $100 dollars invested by stockholders. Aveng's management efficiency ratios could be used to measure how well Aveng manages its routine affairs as well as how well it operates its assets and liabilities.The company has accumulated 1.4 B in total debt with debt to equity ratio (D/E) of 0.41, which is about average as compared to similar companies. Aveng Limited has a current ratio of 1.1, suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due. Debt can assist Aveng until it has trouble settling it off, either with new capital or with free cash flow. So, Aveng's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Aveng Limited sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Aveng to invest in growth at high rates of return. When we think about Aveng's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 11.8 | |||
| Return On Asset | 1.36 |
Aveng Limited Leadership Team
Elected by the shareholders, the Aveng's board of directors comprises two types of representatives: Aveng inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aveng. The board's role is to monitor Aveng's management team and ensure that shareholders' interests are well served. Aveng's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aveng's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michele Nana, Company Secretary | ||
| Mahomed Seedat, Independent Non-Executive Chairman of the Board | ||
| Edinah Mandizha, Acting Company Secretary | ||
| Sean Flanagan, Independent Non-Executive Director | ||
| Dharmesh Kalyan, Managing Director - Aveng Capital Partners | ||
| Kholeka Mzondeki, Independent Non-Executive Director | ||
| Bhekani Mdlalose, Managing Director - Aveng Grinaker-LTA | ||
| Chris Botha, Managing Director - Aveng Grinaker-LTA | ||
| Peter Ward, Independent Non-Executive Director | ||
| Grant Stock, Commercial Executive | ||
| Andrew Langham, Managing Director- Aveng Grinaker LTA | ||
| Michael Kilbride, Independent Non-Executive Director | ||
| Juba Mashaba, Group Human Resources Director, Executive Director | ||
| Peter Erasmus, Independent Non-Executive Director | ||
| Hendrik Verster, CEO, Acting Finance Director, Executive Director | ||
| Stuart White, Operating Group Managing Director of Aveng Mining | ||
| Michael Canterbury, Group Executive Strategy and Investor Relations | ||
| Angus Band, Independent Non-Executive Chairman of the Board | ||
| Solly Letsoalo, Managing Director - Aveng Manufacturing | ||
| Adrian Macartney, CFO, Group Financial Director, Executive Director and Member of Executive Committee | ||
| May Hermanus, Independent Non-Executive Director | ||
| Mohamed Seedat, Independent Non-Executive Director | ||
| Suzie Nkambule, Managing director - Aveng Water, Strategy Executive of Aveng Grinaker-LTA | ||
| Philip Hourquebie, Non-Executive Independent Director | ||
| Kobus Verster, CEO, Executive Director | ||
| Eric Diack, Independent Non-Executive Director | ||
| Hercu Aucamp, Managing Director - Aveng Steel | ||
| Scott Cummins, Managing Director - McConnell Dowell Corporation Limited | ||
| Thoko MokgosiMwantembe, Independent Non-Executive Director |
Aveng Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Aveng a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 11.8 | |||
| Return On Asset | 1.36 | |||
| Profit Margin | 4.60 % | |||
| Operating Margin | 1.21 % | |||
| Current Valuation | 3.29 B | |||
| Shares Outstanding | 61.23 M | |||
| Price To Earning | 2.31 X | |||
| Price To Book | 1.36 X | |||
| Price To Sales | 0.01 X | |||
| Revenue | 21.51 B |
Pair Trading with Aveng
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aveng position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aveng will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Dupont De could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dupont De when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dupont De - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dupont De Nemours to buy it.
The correlation of Dupont De is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dupont De moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dupont De Nemours moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dupont De can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Consideration for investing in Aveng Pink Sheet
If you are still planning to invest in Aveng Limited check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Aveng's history and understand the potential risks before investing.
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