Share Name Share Symbol Market Type Share ISIN Share Description
Zamano LSE:ZMNO London Ordinary Share IE00B1G17W46 ORD EUR0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3.60p 3.50p 3.70p 3.70p 3.60p 3.60p 58,668 14:00:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 27.4 -4.5 -4.6 - 3.58

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Date Time Title Posts
05/4/201711:39Zamano - 2013 - Optimism Returns584
22/1/201722:45Zamano - should we trust this Irish flotation ??1

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Zamano Daily Update: Zamano is listed in the Mobile Telecommunications sector of the London Stock Exchange with ticker ZMNO. The last closing price for Zamano was 3.60p.
Zamano has a 4 week average price of 3.40p and a 12 week average price of 3.25p.
The 1 year high share price is 12.38p while the 1 year low share price is currently 3.25p.
There are currently 99,451,244 shares in issue and the average daily traded volume is 12,033 shares. The market capitalisation of Zamano is £3,580,244.78.
tabhair: A shocking update to say the least! However, if I was a gambling man, I would have to say that the shareholder return at this point is likely to be better than the current share price of 3.47p. Remember, management provided the following guidance for 2016 H2 "We anticipate an improvement in operating performance during H2 2016 thanks to H1 advertising spend and continuing strong UK sales performance. " It wasn't until November 25th that Payforit kicked in, so you would expect H2 results to have been cash flow positive all but for the last month of trading. You would be thinking that the cash position has been boosted by about £1M at that point. Assuming a complete collapse of the business, the company does have about £2.5M of administrative costs a year. If we assume the cash balance was £5.8M as of end November 2016, we should at worst case be looking at cash burn of about £200k a month. If the wind up process can be concluded in the next 6 months, then I would be very confident shareholders will get a greater return than the current share price.
wexboy: Zamano (ZMNO:ID, or ZMNO:LN) (3.3%): Share Price: EUR 0.055 Market Cap: EUR 5.5 Million Unfortunately, with special situation/activist stocks, things can sometimes get (much) worse before they finally get better…as with Zamano, it seems. Since the UK/Payforit trading update – where management basically threw its hands up in the air, aghast – investors have tagged the business itself as (less than) worthless. Which is understandable, but a wee bit overboard… While smaller investors may have been puzzled by the apparent laissez-faire approach here of large stake-holders- who were maybe focused more on an eventual exit, rather than the day-to-day vagaries of the share price – I think that’s clearly no longer the case. While it should have accompanied the original trading update, in the end (albeit, two months later) management was forced to deliver an actual restructuring plan. Annualised cost savings of almost €0.4 million were announced, with more to come, to ‘allow the Company to continue to operate profitably into the future…whilst also protecting the Company’s existing cash position & shareholder value’. Crucially, all M&A discussion/activity has ceased, with the focus ‘on maximising shareholder value whilst continuing to explore options for further value creation’. Presuming both, Zamano now trades on a 0.75 Price/Cash multiple (vs. €7.3 million net cash as of end-Nov), and a substantial portion of this cash should now be available (logically, with acquisitions off the table) for a return of capital. But let’s not write off the ex-cash value here – after all, ZMNO’s survived plenty of industry changes & setbacks for nigh on 20 years now, plus it also managed to generate €2.5-3.0 million EBITDA pa for the last 4 years. Which suggests it can rebuild a profitable business again…except that would take time, plus a full management bench. A bird in the hand may now be more compelling – in fact, hopes for a sale could explain the radio silence re a new CEO. [Even if the company’s intangible assets were sold off piece-meal, and/or it was touted as a potential listed vehicle for a business wishing to IPO, I suspect significant value could still be realised in terms of the current market cap]. All options to ‘explore’;…but to actually realise value here, investors need some timely decisions & implementation from the board. And while it’s a small stake, Farringdon Capital must be frustrated with a significant mark-down already on its new 9.0% stake (purchased from Pageant Holdings, and with little chance to exit unless they find another deep-value block buyer at an even worse price) – we can hope they provide fresh support/activism here. For this & other top picks, check/Google my latest 'Top Trumps For 2017...' post on the Wexboy investment blog.
qut: Exactly HugePants, they should be paying a dividend or other form of cash return to shareholders which was mooted before by posters. This idea was put on hold when the company proposed acquisition/s, but is now worthy of discussion. Are they not a very attractive takeover target themselves given the large cash pile and low share price? They turned down an offer of circa 14p per share for the company not long ago!
qut: Isn't this a prime takeover target now? With the fall in the share price and the cash pile they're sitting on... They had an offer before at circa double the price which they rejected
qut: I suppose we'll only be able to judge this when the promised corporate activity happens. Maybe the market is waiting for that too. They received a takeover approach before which they eventually turned down. I agree about the dividend - if they're not going to use the cash to grow the company and raise the share price, then some of that cash should be distributed to shareholders! I suppose they could even undertake a share buyback
mickharkins1: I should add, that you should also be reassured that I have now sold. Shortly after my sale is when the superior being, who controls the happenings of the universe, will take the brakes off the share price. It has happened too many times for it to be simply a coincidence! ;-)
mickharkins1: Thanks Aleman - without checking I believe i made a small loss...bought in around this level some months back.Wish you all the best and hope the share price starts to reflect the fundamentals!Should provide reassurance for existing holders that Sailing has just bought in...coincidentally, I just congratulated him half an hour ago on the PLUS board, where I believe I am right in saying he has come close to doubling his money in a matter of months!
battlebus2: Why would an acquisition knock the share price, I'd rather the cash pile was put to use to increase revenue and profits.
qut: Maybe some investors have got wind that there is an RNS on the way to say Zamano have an acquisition in the pipeline which would reduce their cash pile and knock the share price. The company has been saying for a while they're looking to make acquisitions...
aleman: It always amuses me when a company turns in unexpectedly good results and the shares fall. What are these people thinking? Probably they've wanted to sell before and have been waiting to get a decent price when their there is enough buying volume not to get silly quotes for decent sized trades. I see the tick down today as inisignificant on my investment timescale. What is good news is the better volume. The poor liquidity is definitely one of the things that heas held this one back. I had wanted to buy much more in the past but been a bit nervous about how to get out at a decent price if I should ever want the money for anything else. THe good news for me is the strong numbers and better volume have encouraged me to buy some more without having to overpay. I think this one could be very rewarding for the patient. It is a turnaround story, much like FIF and IGR, where the market was slow to recognise improving results. They both had poor liquidity after the shares had been hammered down after the recession but I gradually increased my holding as results were good and liquidity improved and they made me lots of money. THere are some similarities in their share charts to ZMNO's, as well. I think we just have some people that want to sell out as soon as they can get their original money back after years in the doldrums. It tends to hold the share's rise at obvious resistance points when there was a lot of buying in the past. Clear those old holders out with some higher volume and I think we'll a significant increase in the share price. It is too low a P/E for the recent results, never mind the strong Q3 ones, and cash on the balance sheet continues to rise. The market is just slow to see things sometimes. I think patience will pay off here. I don't really care whether it's 3 months or 3 years. So long as the numbers we get keep looking like this, it will eventually go up significantly.
Zamano share price data is direct from the London Stock Exchange
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