enX Group Limited. JSE: ENX

enX shares

Background of enX

  • enX Group Limited (formerly Austro Group) is an industrial energy group which has been listed in the Industrial Engineering sector of the Johannesburg Stock Exchange (JSE) since 2007.

  • Woodworking machinery business Austro Proprietary was initially the group’s sole asset. Today, enX has diversified extensively, providing industrial equipment related components and support services to a wide range of sectors in South Africa and sub-Saharan Africa. Clients include mining, industrial and construction groups, retailers, banks, manufacturers and technology and telecommunications companies.

  • The group also has extensive interests in the energy sector and recently acquired an oil lubricant business which represents Mobil and ENI. The name enX (Energy Exchange) represents the board’s intention to refocus the group as an energy and industrial supplies company. The company has a JSE market cap of R 1.1 billion, with the live online stocks chart showing a stable enX share price.

enX Shares Growth Driver

  • In 2012, the group began implementing an operational shift led by an all new executive and management team. The shift has proved to be successful, with the group successfully achieving organic growth, raising capital, concluding moves to buy other businesses and introducing new industrial energy platforms.

  • The oil business has been smoothly and successfully integrated and became a material contributor, whilst the power segment grew through organic growth and the acquisition of generator rental business Genmatics. In line with the group’s objective of partnering with leading global grands, an important contractual distribution relationship with John Deere was secured, whilst relationships with Mitsibushi were strengthened. The wood division has also been turned around from an under-performing business into one which has registered profitability in a tough industry segment. enX also secured its empowerment credentials to the benefit of profits and enX share price.

  • As a result, the group’s latest financial data makes for good reading. Revenue was up by 59% to R517.7 million for the six months ended February 2016, with adjusted headline earnings increasing by 51% to R22.2 million.

  • Despite the stagnant South African economy, enX looks set to continue its strong upward growth curve, with a number of important acquisitions already secured. These are mainly within the Fuels division, which will be the company’s main area of
    expansion in coming years. In July 2016, enX announced that it would buy the industrial business of large capital equipment, fleet management and contract mining group Eqstra for R7.8 billion.

enX Group Investor Tip

  • enX share price has been admirably stable through difficult times. The company’s strategic shift has been capably handling by the executive team, and the Eqstra transaction is a particularly bold step. With the move, enX aims to become the JSE’s next industrial giant, and capitalise on what the board believes is a global mining sector which is at the bottom of a negative cycle.

  • If the board is right, then the deal looks set to benefit enX share price and increase shareholder profitability, and attract new investors to buy enX shares.

enX Major Shareholders

Wild Rose Capital, Autoworks Provident Fund, Quixley Global Incorporated, Peregrine Equities, DS Brouze.

  • Sector

    Industrials

  • Industry

    Industrial Services

  • Sub industry

    Industrial Distribution & Rental

How to buy enX Group Shares

  • enX : How to buy enX Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy enX 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 enX Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase enX 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 enX Group.
    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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