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Altron Limited Class A

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Our opinion on the current state of ALTRON-A(AEL)Allied Electronics Corp, or Altron (AEL), is an information and communications technology company that was founded by Bill Venter in 1965. Recently, the company has been re-focusing on its core business and has sold its 80% stake in Powertech and its 100% subsidiary, Altech UEC (a developer of set-top boxes). Powertech was also sold to a BEE consortium, and Altron is in the process of selling CBI Telecom Cables. Altron operates in six African countries, as well as the UK and Australia. The company said it had "...secured key wins in both the public and the private sector...", including the Gauteng Broadband Network phase 2 contract and FNB's data and analytics contract. Netstar won the eThekwini 3-year contract for vehicle tracking for 7,000 vehicles. Bytes, in the UK (which has now been unbundled and separately listed both in the UK and in an inward listing on the JSE), won a 5-year contract for Windows 10 from the NHS (UK). Altron aims to restructure its debt to reduce its interest bill and has resumed paying dividends. The company acquired Phoenix Software in the UK for R698 million. On 17th December 2020, the company announced the successful listing of its subsidiary Bytes Technology on the London Stock Exchange (LSE) at a price of GBP2.70. This unlocked considerable value into the hands of Altron shareholders but resulted in a "cliff" in the Altron share price chart. We believe that this share will continue to perform well going forward. In its results for the year to 29th February 2024, the company reported revenue up 8% and headline earnings per share (HEPS) up 36%. The company reduced debt by 44% to R313 million during the period. The company said, "Increased cash generation supported by a strong balance sheet allowed us to increase our final dividend per share by 74%." In a trading statement for the six months to 31st August 2024, the company estimated that HEPS would rise by between 171% and 189%. The company said, "...positive momentum has continued into the 2025 financial year ("FY25"), leading to a stronger year-to-date performance in comparison to the Comparative Period, which was negatively impacted by provisions and impairments raised." Technically, the share was moving sideways between 750c and 1330c from December 2020 until November 2023. It has since entered a new upward trend and has been rising strongly. It was added to the Winning Shares List on 15th November 2023 at 949c and has since risen to 1799c.
JSE:AEL
by PDSnetSA
Our opinion on the current state of ALTRON-A(AEL)Allied Electronics Corp, or Altron (AEL), is an information and communications technology company founded by Bill Venter in 1965. The company has been re-focusing on its core business by selling its 80% stake in Powertech and its 100% subsidiary, Altech UEC, a developer of set-top boxes. Powertech was sold to a BEE consortium, and Altron is currently in the process of selling CBI Telecom Cables. Altron operates in six African countries, as well as the UK and Australia. The company announced that it had secured key wins in both the public and private sectors, including the Gauteng Broad Band Network phase 2 contract and FNB's data and analytics contract. Additionally, Netstar, a subsidiary of Altron, won a three-year contract with eThekwini for vehicle tracking of 7,000 vehicles. Bytes, a UK-based subsidiary that has now been unbundled and separately listed on both the London Stock Exchange (LSE) and the JSE, secured a five-year contract for Windows 10 with the NHS (UK). Altron has been restructuring its debt to reduce interest expenses and has resumed paying dividends. The company also acquired Phoenix Software in the UK for R698 million. On 17th December 2020, Altron successfully listed its subsidiary Bytes Technology on the LSE at a price of GBP2.70, unlocking significant value for Altron shareholders, though this resulted in a notable drop in the Altron share price chart. In its results for the year to 29th February 2024, the company reported revenue up 8% and headline earnings per share (HEPS) up 36%. The company also reduced its debt by 44% to R313 million during the period. Altron stated that "Increased cash generation supported by a strong balance sheet allowed us to increase our final dividend per share by 74%." In a trading statement for the six months to 31st August 2024, the company estimated that HEPS would rise by at least 20%, citing that "positive momentum has continued into the 2025 financial year ("FY25"), leading to a stronger year-to-date performance in comparison to the Comparative Period, which was negatively impacted by provisions and impairments raised." Technically, the share had been moving sideways between 750c and 1330c from December 2020 until November 2023. It has since entered a new upward trend and has been rising strongly. The share was added to the Winning Shares List on 15th November 2023 at 949c and has since risen to 1720c.
JSE:AEL
by PDSnetSA
Our opinion on the current state of ALTRON-A(AEL)Allied Electronics Corp, or Altron (AEL), is an information and communications technology company founded by Bill Venter in 1965. Recently, the company has been refocusing on its core business, which has involved selling its 80% stake in Powertech and its 100% subsidiary, Altech UEC (a developer of set-top boxes). Powertech was also sold to a BEE consortium. Altron is currently in the process of selling CBI Telecom Cables. The company operates in six African countries, as well as the UK and Australia. Altron has reported "...secured key wins in both the public and the private sector...", including the Gauteng Broadband Network phase 2 contract and FNB's data and analytics contract. Netstar, another Altron venture, won a three-year contract for vehicle tracking for 7000 vehicles in eThekwini. Bytes, in the UK, which has now been unbundled and separately listed both in the UK and in an inward listing on the JSE, secured a 5-year contract for Windows 10 from the NHS (UK). Altech is restructuring its debt to reduce its interest bill and has resumed paying dividends. They acquired Phoenix Software in the UK for R698m. On 17th December 2020, Altron announced the successful listing of its subsidiary Bytes Technology on the London Stock Exchange (LSE) at a price of GBP2.70. This event unlocked considerable value for Altron shareholders but resulted in a "cliff" in the Altron share price chart. In its financial results for the six months to 31st August 2023, Altron reported a revenue increase of 4% and headline earnings per share (HEPS) up 19%. The company noted, "Altron Group results were impacted by provisions and impairments (collectively referred to as the 'Non-Cash Adjustments') raised in two non-core subsidiaries, namely Altron Nexus of R334 million, in relation to the restructuring of Altron Nexus due to the loss of the Gauteng Broadband Network contract and the City of Tshwane exposure, and Altron Document Solutions of R95 million. This includes the goodwill impairment raised at Altron Group level of R33 million in relation to Altron Nexus." In a trading statement for the year to 29th February 2024, Altron estimated that HEPS from continuing operations would increase by between 35% and 38%. The company elaborated, "Normalising for the sale by Altron Managed Solutions of its ATM Hardware and Support Business (the 'ATM Business'), which was effective 1 July 2023, the Group's Continuing Operations are delivering year-to-date revenue growth, with double-digit growth in EBITDA and Operating Profit." Technically, the share has been moving sideways between 750c and 1330c since December 2020. At its current price, it is trading below its net asset value (NAV), but it is now in an upward trend.
JSE:AEL
by PDSnetSA
Our opinion on the current state of AELAllied Electronics Corp, or Altron (AEL), is an information and communications technology company which was started by Bill Venter in 1965. It has recently been re-focusing on its core business and has sold its 80% stake in Powertech and its 100% subsidiary, Altech UEC (a developer of set-top boxes). Powertech was also sold to a BEE consortium. Altron is in the process of selling CBI Telecom Cables. Altron operates in six African countries as well as the UK and Australia. The company said it had "...secured key wins in both the public and the private sector...", including the Gauteng Broad Band Network phase 2 contract and FNB's data and analytics contract. Netstar won the e Thekwini 3-year contract for vehicle tracking for 7000 vehicles. Bytes, in the UK, which has now been unbundled and separately listed both in the UK and in an inward listing on the JSE, won a 5-year contract for Windows 10 from the NHS (UK). Altech aims to re-structure its debt to reduce its interest bill and has resumed paying dividends. They acquired Phoenix Software in the UK for R698m. On 17th December 2020, the company announced the successful listing of its subsidiary Bytes Technology on the London Stock Exchange (LSE) at a price of GBP2.70. This unlocked considerable value into the hands of Altron shareholders but resulted in a "cliff" in the Altron share price chart. We believe that this share will continue to perform well going forward. In its results for the six months to 31st August 2023, the company reported revenue up 4% and headline earnings per share (HEPS) up 19%. The company said, "Altron Group results were impacted by provisions and impairments (collectively referred to as the 'Non-Cash Adjustments') raised in two non-core subsidiaries, namely Altron Nexus of R334 million, in relation to the restructuring of Altron Nexus due to the loss of the Gauteng Broadband Network contract and the City of Tshwane exposure, and Altron Document Solutions of R95 million. This includes the goodwill impairment raised at Altron Group level of R33 million in relation to Altron Nexus." In a trading statement for the year to 28th February 2024, the company estimated that HEPS would increase by between 16% and 24%. The company said, "Normalising for the sale by Altron Managed Solutions of its ATM Hardware and Support Business (the 'ATM Business'), which was effective 1 July 2023, the Group's Continuing Operations are delivering year-to-date revenue growth, with double-digit growth in EBITDA and Operating Profit." Technically, the share has been moving sideways between 750c and 1330c since December 2020. At its current price, it is trading below its net asset value (NAV).
JSE:AEL
by PDSnetSA
Our opinion on the current state of AELAllied Electronics Corp, or Altron (AEL), is an information and communications technology company which was started by Bill Venter in 1965. It has recently been re-focusing on its core business and has sold its 80% stake in Powertech and its 100% subsidiary, Altech UEC (a developer of set-top boxes). Powertech was also sold to a BEE consortium. Altron is in the process of selling CBI Telecom Cables. Altron operates in six African countries as well as the UK and Australia. The company said it had "...secured key wins in both the public and the private sector...", including the Gauteng Broad Band Network phase 2 contract and FNB's data and analytics contract. Netstar won the eThekwini 3-year contract for vehicle tracking for 7000 vehicles. Bytes, in the UK, which has now been unbundled and separately listed both in the UK and in an inward listing on the JSE, won a 5-year contract for Windows 10 from the NHS (UK). Altech aims to re-structure its debt to reduce its interest bill and has resumed paying dividends. They acquired Phoenix Software in the UK for R698m. On 17th December 2020, the company announced the successful listing of its subsidiary Bytes Technology on the London Stock Exchange (LSE) at a price of GBP2.70. This unlocked considerable value into the hands of Altron shareholders but resulted in a "cliff" in the Altron share price chart. We believe that this share will continue to perform well going forward. In its results for the six months to 31st August 2023 the company reported revenue up 4% and headline earnings per share (HEPS) up 19%. The company said, "Altron Group results were impacted by provisions and impairments (collectively referred to as the "Non-Cash Adjustments") raised in two non-core subsidiaries, namely Altron Nexus of R334 million, in relation to the restructuring of Altron Nexus due to the loss of the Gauteng Broadband Network contract and the City of Tshwane exposure, and Altron Document Solutions of R95 million. This includes the goodwill impairment raised at Altron Group level of R33 million in relation to Altron Nexus". Technically the share has been moving sideways between 750c and 1330c since December 2020. At its current price it is trading at 86% of its net asset value (NAV).
JSE:AEL
by PDSnetSA
Left Shoulder Top confirmed on JSE:AELThe left shoulder has reached the top and at the same level as the right shoulder which is a good sign for a Shoulder-Head-Shoulder pattern. The MACD and RSI look to still be strong so I have a feeling that we will see a RETEST of the R22 resistance and then maybe a drop or it could start the downtrend immediately. Just watch it over the coming days as the SHS forms and wait for the SHS to complete entirely. *This is not financial advice and let me know what you think is going to happen.*
JSE:AELLong
by DivanR
1
Investors put the lie to con-man Ramaphosa's speechDaily chart is up by over 3 percent for this security industry stock, showing that investors don't trust Jacob Zuma's ex adjutant and his mouthing off to uneducated voters about caucasian majority tax payers being the chief cause the nation's sluggish economic growth. The world is also sick of hearing about apartheid's effects on the economy over 25 years later when countries like Singapore were able to throw off the shackles of colonialism to become economic giants. Put simply: Socialism chases investors away. However, there is a gap in the 4 hour chart which represents a great buying opportunity! Good luck; Hope it helps someone! :)
JSE:AEL
by Crypto_Curry