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Allied Electronics Corporation Ltd (AELJ.J)

AELJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Allied Electronics says denies collusion allegations
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Allied Electronics Corporation Ltd ::CLARIFICATION ON ALLEGATIONS IN MEDIA OF COLLUSION BY SOME ALTRON UNITS ON DTT SET-TOP BOX TENDER ISSUED BY S.A. GOVERNMENT IN 2014​.ALTRON UNIT, WHICH IS IN PROCESS OF BEING SOLD, RESPONDED TO DTT TENDER IN 2014, BUT UNSUCCESSFUL IN BID TO SECURE TENDER​.‍DUE TO COMPETITION COMMISSION INVESTIGATION, THERE MAY BE DELAYS IN ALTECH UEC DISPOSAL PROCESS​.‍ALTRON DENIES ALLEGATIONS​.SAYS ‍NO MONIES OR FEES WERE PAID TO ANY INDIVIDUAL OR PARTY RELATED TO ENGAGEMENTS​.ALTRON EXPECTS EXTERNAL LEGAL FIRM, BOWMANS, FINAL REPORT ON INDEPENDENT INVESTIGATION INTO ALLEGATIONS AT END OF JAN 2018​.  Full Article

Allied Electronics Says CFO resigns
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Allied Electronics Corporation Ltd ::SHAREHOLDERS ARE ADVISED OF RESIGNATION OF GROUP CHIEF FINANCIAL OFFICER, MR ALEX SMITH, WITH EFFECT FROM 28 FEBRUARY 2018.AN ANNOUNCEMENT WITH REGARD TO APPOINTMENT OF A NEW GROUP CHIEF FINANCIAL OFFICER WILL BE MADE EARLY IN NEW YEAR.SMITH WILL WORK CLOSELY WITH NEW GROUP CHIEF FINANCIAL OFFICER DURING A HANDOVER PERIOD.  Full Article

Allied electronics says to dispose 80% interest and all financing in Powertech Transformers Proprietary
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - ALLIED ELECTRONICS CORPORATION LTD ::‍ALTRON, THROUGH VARIOUS OF ITS SUBSIDIARIES ENTERED INTO SHARE SALE AGREEMENT WITH CONSORTIUM.‍ALTRON MAY PROVIDE POWERTECH TRANSFORMERS WITH A NEW 3-YEAR, R100 MILLION LOAN FACILITY ON COMMERCIAL TERMS AND SECURED AGAINST POWERTECH TRANSFORMERS' PROPERTIES​.‍CONSIDERATION TO BE RECEIVED BY ALTRON GROUP AS A RESULT OF TRANSACTION IS R250 MILLION, PAYABLE IN CASH​.THE AGREEMENT IS TO DISPOSE OF ALTRON GROUP'S 80% INTEREST AND ALL FINANCING IN POWERTECH TRANSFORMERS PROPRIETARY LIMITED TO CONSORTIUM ON TERMS​.‍CONSIDERATION WILL BE USED TO REDUCE OVERALL ALTRON GROUP DEBT.​.  Full Article

Allied Electronics Corp HY HEPS from cont ops falls
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - ALLIED ELECTRONICS CORPORATION LTD ::‍HY CONTINUINNG OPERATIONS REVENUE 6.792 BILLION RAND VERSUS 7.537 BILLION RAND YEAR AGO​.‍HY HEADLINE EARNINGS PER SHARE FROM CONTINUING OPERATIONS 47 CENTS VERSUS 54 CENTS YEAR AGO ​.  Full Article

Allied says Altron's H1 total ops EPS will be between 22-22 cents
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Allied Electronics Corporation Ltd ::ALLIED ELECTRONICS CORPORATION - ‍ALTRON'S TOTAL OPERATIONS BASIC EARNINGS PER SHARE FOR SIX MONTHS ENDED 31 AUGUST 2017 WILL BE A PROFIT OF 22 - 23 CENTS​.  Full Article

Allied Electronics unit to sell Powertech Battery
Tuesday, 1 Nov 2016 

Allied Electronics Corporation Ltd : Has entered into a binding offer with Trinitas, whereby Powertech Industries will dispose of Powertech Battery Group .Deal for a total cash consideration of 300 mln rand calculated on an enterprise value basis (debt and cash free).  Full Article

Allied Electronics sees HY HEPS from cont ops up 4-14 pct
Wednesday, 12 Oct 2016 

Allied Electronics Corporation Limited : JSE: AEL - AEN - Altron Trading Statement . Sees HY HEPS from continuing operations between 51 cents - 56 cents (between 4 pct and 14 pct higher) .Sees HEPS for financial half-year ended Aug. 31 of 25 cents - 35 cents (between 139 pct and 155 pct better).  Full Article

Altron sees HY HEPS of 1 cent vs 64 cent loss last year
Monday, 5 Sep 2016 

Altron:HEPS for half-year ended Aug. 31 2016 are expected to be a profit of at least 1 cent as against previous financial half-year's loss of 64 cents.  Full Article

Allied Electronics says deal with Hengtog fulfils of all conditions
Tuesday, 28 Jun 2016 

Allied Electronics Corporation Ltd : Proposed disposal to Hengtog: fulfilment of all outstanding conditions precedent .Hengtong confirmed on 27 June 2016 that all conditions precedent pertaining to disposal have now been fulfilled or waived.  Full Article

Allied Electronics posts fall in FY HEPS
Wednesday, 18 May 2016 

Allied Electronics Corporation Ltd : FY HEPS from continuing operations 126 cents versus 137 cents a year ago . From a total operations perspective, Altron's revenue for year under review declined by 4% to R26.6 billion for FY . Have decided not to declare a dividend for financial year ended 29 February 2016 .FY revenue from continuing operations increased by 20% to R14.4 billion from R12.0 billion in prior year.  Full Article

BRIEF-Allied Electronics Says CFO resigns

* SHAREHOLDERS ARE ADVISED OF RESIGNATION OF GROUP CHIEF FINANCIAL OFFICER, MR ALEX SMITH, WITH EFFECT FROM 28 FEBRUARY 2018