Allied Electronics Corporation Limited. JSE: AEL

Altron shares

Background of Altron

  • Allied Electronics Corporation Limited (Altron) is an investment holding company with a portfolio that includes power electronics, information technology, telecommunications and multi-media interests. Its main subsidiaries include Allied Technologies (Altech), Power Technologies and Bytes Technology Group, operating under two principal groups – Altron TMT and Altron Power.

  • Altron’s history stretches back to 1965, when Allied Electric was established by telecoms engineer Bill Venter, with a total staff complement of six people. Ten years later, the renamed Allied Technologies was listed on the Johannesburg Stock Exchange (JSE).

  • Now a subsidiary of Altron, Altech has become one of the most powerful information technology companies in South Africa today. Altron has developed into an extremely diversified group which has received numerous awards and secured huge projects.

  • Although the group is South African-based, it has invested significant capital into international projects throughout Africa, the Middle East, Europe and Australasia, with exports playing a particular important role in the group’s revenue collection. The group has also secured a number of partnerships with a various BEE entities.

  • Operating profits stood at R 827 million at the end of 2015, the lowest levels since since 2010, with Altron share prices also taking a dive. In order to offset losses, Altron is revising its growth strategy through a number of interventions.

Altron Shares Growth Driver

  • In recent year’s Altech’s main performance driver has been its TMT (telecoms, Multi-media and IT) division. Core businesses within the division have been posting above average results, but collapses of Altech Autopage and Altech Multimedia have offset the gains. Altech Autopage was recently sold off for purchase by MTN, Vodacom and Cell C, while the Multimedia division has closed most international operations and downsized in accordance with lower demand levels. Altron Power has also experienced significant losses due to the deterioration of South Africa’s economy and a reduction of business from Eskom.

  • To drive growth in future and hopefully recover the value of Altron share prices, the group is attempting to finalise a number of key disposals, generate cash to reduce debt and change the structure from a family managed business to an independent management model.

  • Altron’s management philosophy hinges on encouraging its businesses to operate autonomously, with market awareness and emphasis on customer service. Technological innovation, internal and international investment and commitment to quality in all aspects are key to the group’s operations.

Altron Holdings Group Investor Tip

  • Altron’s financial data looks grim, with the group continuing to experience significant losses from most of its divisions. The stocks chart shows declining Altron share prices, which have seen shareholders suffering significant losses per share. The company is still formulating a strategy to reverse the decline, and the forecast is currently unpredictable.

  • Altron’s executive management believes that the group’s recent restructuring will allow it to derive maximum value from new partnerships and collaborations. Altron’s long and illustrious past has proven that the group is able to deal with challenging conditions, which should encourage existing shareholders to stick with the company, and potential investors to buy Altron shares, albeit without a guarantee of significant gains in the near future.

Altron Major Shareholders

Biltron, Sanlam Investment Management (Pty) Ltd, Government Employees Pension Fund and the Public Investment Corporation SOC Ltd.

  • Sector

    Technology

  • Industry

    Technology Services
  • Sub industry

    IT Services

How to buy Alaris Holdings Group Shares

  • Altron : How to buy Altron Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Altron Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Altron Holdings and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Altron Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Altron.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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