Zegona Communications Share Discussion Threads

[value hound] 06/2/2024 10:33

Isn't it £1.49bn? 704.15m shares in issue? See www.investegate.co.uk/announcement/rns/zegona-communications--zeg/total-voting-rights/7911605

[hibberts] 06/2/2024 09:59

Can anybody confirm the market cap of ZEG?

[hedgehog 100] 25/11/2023 21:12

Well done to ZEG shareholders on a RTO at a 380% premium.

Those looking for a quick potential repeat may care to look at Aura Renewable Acquisitions (ARA): market cap. £0.551M. at 5.25p.

ARA looks to be one of the best value shells I have ever seen: trading at a large discount to cash, despite relatively low cashburn, and exciting near term deal prospects.

Aura Renewable Acquisitions (ARA) 5.25p Market cap. £551K. Current cash probably c. £ two thirds of a million.

[skyship] 18/11/2023 08:17

Thnx Fly...

[flyfisher] 17/11/2023 17:56

SKY,

Interests as at 10 November 2023 Interests immediately following
Admission and Re-Admission(1)
Shareholder
Number of Existing Zegona Shares
Percentage of issued share capital
Number of Zegona Shares Percentage of issued share capital
Zegona board and management(2) 1,694,401 27.45% 1,734,400 0.24%
Marwyn Investment Management LLP 774,321 12.54% 6,004,321 0.85%

[flyfisher] 17/11/2023 17:28

It gives MVI holding in the prospectus.

[skyship] 17/11/2023 16:57

Impossible to work out how many ZEG held by MVI before this week's announcement.

If really 10m as per the Header, then quite a fillip for MVI's NAV. MVI's capital structure so obtuse it is really difficult to ascertain what is what; even from the Annual Report!

[flyfisher] 17/11/2023 16:31

Will this be eligible for ftse 250 inclusion?

[tiltonboy] 14/11/2023 15:26

Nope, placing at 150p to fund Vodafone deal

[shareho1der] 14/11/2023 14:42

What's happening here? Is it a consolidation of shares?

[apollocreed1] 14/11/2023 12:29

@elbrus55-Thanks. I see that 900m is Vodafone reinvesting via a holding company, 300m from other institutions and 8m from retail investors. So where does the rest of the 5bn come from?

[elbrus55] 14/11/2023 11:27

It is a bet on whether management can significantly improve the profitability of Vodafone spain.They've been successful previously doing something similar but ..who knows this time.There's a lot of leverage in the Company so it looks quite risky. You could get a multiple back in a few years time... or Nil.

[apollocreed1] 14/11/2023 11:19

Does anyone know if it's a good idea to subscribe to the share offer via Interactive Investor/HL/AJ Bell? At least I can put them in an ISA.
However, investment trusts generally fall to discounts soon after issue, so if we pay 150p per share, isn't it likely that they drop afterwards to a discount?

[renewed1] 14/11/2023 11:18

Pity I didnt add a load more!!!!

[value hound] 14/11/2023 10:22

Did anyone else stay on for the wild ride?

[flyfisher] 31/10/2023 10:33

Hi eezy, I am daft enough, just didn't have the balls.

I look forward to spending the proceeds of my 9 share residue from the stock redemption, after commission it might buy me a victoria sponge!

[eezymunny] 31/10/2023 07:59

Nice 5 bagger for any brave buyers before suspension, assuming this goes through :)

I'm nowhere near daft enough!

[hugepants] 22/9/2023 10:29

Indeed. E5 billion valuation suggested.

[value hound] 22/9/2023 10:14

So we might be buying Vodafone's Spanish business. I'd guess there's around €8-9m in the kitty, so no wonder ZEG is in discussions "with banks in relation to its financing"!

[hugepants] 21/9/2023 16:26

The 2 executive directors of this shell company are being paid over £1.2M per annum. Absolutely shocking.

[boystown] 11/4/2023 07:34

So this shower have blown close to €5m in a year and have done nothing - other than write the longest-winded final results ever to say just that. Unbelievable.

[value hound] 08/9/2022 07:59

They're still mulling things over I see. Nice work if you can get it.

[skyship] 04/4/2022 09:42

Ahh - thnx for that. Problem with reading Annual Reports nowadays is that there is so much useless box-ticking, politically correct guff to plough past!

So, cE8.2m = c£6.9m = c£1.29. Still not bad, even at today's slightly improved sp; though of course the NAV is perhaps largely irrelevant as it will continue to tick down as salaries drawn and costs accrue.