Edition:
United Kingdom

Allied Electronics Corporation Ltd (AELJ.J)

AELJ.J on Johannesburg Stock Exchange

1,640.00ZAc
19 Oct 2018
Change (% chg)

18.00 (+1.11%)
Prev Close
1,622.00
Open
1,640.00
Day's High
1,650.00
Day's Low
1,631.00
Volume
334,108
Avg. Vol
350,041
52-wk High
1,997.00
52-wk Low
1,070.00

Latest Key Developments (Source: Significant Developments)

Allied Electronics Corp Sees FY18 HEPS Of 47 Cents
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Allied Electronics Corporation Ltd ::ALTRON TRADING STATEMENT AND BUSINESS UPDATE FOR THE HALF YEAR ENDED 31 AUGUST 2018.HY GROUP REVENUE FROM CONTINUING OPERATIONS EXPECTED TO INCREASE BY BETWEEN 42% AND 46% RELATIVE TO PRIOR PERIOD.HY EBITDA IS EXPECTED TO INCREASE BY BETWEEN 24% AND 28% RELATIVE TO PRIOR PERIOD.HY HEADLINE EARNINGS FOR PERIOD ARE EXPECTED TO INCREASE BY BETWEEN 45% AND 52% RELATIVE TO PRIOR PERIOD.SEES FY18 HEADLINE EARNINGS PER SHARE 47 CENTS.SEES FY19 HEADLINE EARNINGS PER SHARE BETWEEN 68 - 71 CENTS.  Full Article

S.A.'s Competition Commission Recommends Conditional Approval Of RMHP Nedbank-Divercity Deal
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - S.A.'s Competition Commission::SA'S COMPETITION COMMISSION- APPROVED, WITHOUT CONDITIONS, THE PROPOSED TRANSACTION WHEREBY KKR, INTENDS TO ACQUIRE BOXER.S. AFRICA COMPETITION COMMISSION - APPROVED, WITHOUT CONDITIONS, PROPOSED DEAL WHEREBY ALTRON TMT INTENDS TO BUY IS PARTNERS.S. AFRICA COMPETITION COMMISSION - APPROVED, WITHOUT CONDITIONS, PROPOSED DEAL WHEREBY IFF INTENDS TO BUY FRUTAROM.SA'S COMPETITION COMMISSION- APPROVED, WITH CONDITIONS, PROPOSED TRANSACTION WHEREBY P&G, INTENDS TO ACQUIRE CONSUMER HEALTHCARE BUSINESS OF MERCK.S.AFRICA'S COMPETITION COMMISSION- RECOMMENDS TO TRIBUNAL THAT DEAL FOR RMHP NEDBANK TO BUY DIVERCITY BE APPROVED WITH CONDITIONS.  Full Article

S.Africa's Competition Commission Approves Altron's Acquisition Of iS Partners
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - S.Africa's Competition Commission:S.AFRICA'S COMPETITION COMMISSION- APPROVES ALTRON'S ACQUISITION OF IS PARTNERS.  Full Article

Allied Electronics Corp Announces Completion Disposal Of Powertech Transformers
Thursday, 26 Jul 2018 

July 26 (Reuters) - Allied Electronics Corporation Ltd ::DISPOSAL OF POWERTECH TRANSFORMERS - FULFILMENT OF CONDITIONS PRECEDENT AND COMPLETION OF TRANSACTION.  Full Article

Allied Electronics Concludes Share Sale Agreement To Buy iS Partners
Monday, 11 Jun 2018 

June 11 (Reuters) - Allied Electronics Corporation Ltd ::CONCLUDED SHARE SALE AGREEMENT, THROUGH ITS SUBSIDIARY, TO BUY ENTIRE ISSUED SHARE CAPITAL OF IS PARTNERS PROPRIETARY LTD.PURCHASE CONSIDERATION OF R225 MILLION.PORTION OF MAXIMUM PURCHASE CONSIDERATION IS PAYABLE IN CASH ON CLOSING DATE OF DEAL.  Full Article

Allied Electronics Says Progress Made On Conditions Relating To Disposal Of Interest In Powertech Transformers
Wednesday, 4 Apr 2018 

April 4 (Reuters) - Allied Electronics Corporation Ltd ::PROGRESS HAS BEEN MADE WITH REGARD TO FULFILMENT OF CONDITIONS RELATING TO DISPOSAL OF INTEREST IN POWERTECH TRANSFORMERS.LAST OF CONDITIONS PRECEDENT IS EXPECTED TO BE FULFILLED BY 31 MAY 2018..  Full Article

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

BRIEF-Allied Electronics Says Unit Signs 5-Year Contract Worth R2.5 Bln With UK's NHS

* UNIT BYTES UK SIGNED 5-YEAR CONTRACT WORTH R2.5 BILLION WITH UK’S NHS TO ROLL OUT WINDOWS 10 TO ALL NHS COMPUTERS Further company coverage: