What is Grinaker-LTA?
Learn More Grinaker-LTA is a multi-disciplinary. Engineering and Construction company.
Who bought Grinaker-LTA?
Laula Consortium
Grinaker-LTA, which was acquired by the black-owned Laula Consortium from JSE-listed Aveng four months ago, is confident it will meet its turnover targets in its first year of operation, despite the negative impact of the Covid-19 pandemic.
What happened Grinaker LTA?
JSE-listed infrastructure group Aveng has sold another noncore asset, its Grinaker-LTA Building and Civil Engineering business, to the Laula Consortium for R100-million. The Laula Consortium includes Oteo Investments Holdings, Manzini Ventures and Upsize Trading.
Who is Laula consortium?
The Laula Consortium is a black-owned consortium which includes Oteo Investments Holdings Proprietary Limited, Manzini Ventures Proprietary Limited and Upsize Trading Proprietary Limited.
Why did aveng share price crash?
Shares in listed infrastructure and mining company Aveng plunged by almost 18% to R22 after the company published a trading update that warned investors of a pending 20% fall in headline earnings. The share closed at R21. 60 on the JSE on Monday.
Does aveng still exist?
“Aveng has completed its transition from recovery and turnaround to profitability and the group is now in a position to focus on significant long-term growth prospects,” Flanagan said.
Is aveng a good investment?
If you are looking for stocks with good return, Aveng Ltd can be a profitable investment option. Aveng Ltd quote is equal to 1690.000 ZAC at 2022-08-22. Based on our forecasts, a long-term increase is expected, the “AEG” stock price prognosis for 2027-08-13 is 4695.330 ZAC.
What caused Aveng to drop?
Shares in listed infrastructure and mining company Aveng plunged by almost 18% to R22 after the company published a trading update that warned investors of a pending 20% fall in headline earnings. The share closed at R21.
Is Aveng a penny stock?
No longer a penny stock
The massive number of Aveng shares in issue follows several rights issues by the group over the past few years to repair its balance sheet as part of the strategy to return the group to profitability.
Why did Aveng share price crash?