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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Zamano | ZMNO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.00 |
| Top Posts |
|---|
Posted at 24/11/2019 15:15 by hedgehog 100 Anyone looking for a replacement shell for their ZMNO payout could do worse than look at main-listed MILA Resources (MILA).MILA has been edging up recently, in anticipation of a potential RTO: currently 1.75p (market cap. £406K.) Here are some key phrases from MILA's 31.10.19 RNS: • "extremely exciting opportunities" • "at least one of these opportunities" • "a swift replacement" The phrase "extremely exciting opportunities" is clearly very bullish, especially from a company that is not known for its hyperbole. The phrase "at least one of these opportunities" means that multiple acquisitions are potentially on the cards, and also increases the chances that there will at least be something. And the phrase "a swift replacement" indicates that we shouldn't have to wait long. |
Posted at 13/8/2018 16:09 by eezymunny www.investegate.co.u |
Posted at 08/8/2018 12:05 by tabhair Lack of progress here is extremely frustrating.It's been 5 months since ZMNO has been declared a cash shell, and by my reckoning we have just one month to go until the ZMNO listing is cancelled and surely becomes worthless. |
Posted at 09/7/2018 19:34 by the_sage1 That is a fudge of an update if ever I have seen one, interestingly they have not provided a timeline for another update. This could rumble on for an age, all the time shareholder cash is being eaten up by BOD and city cronies.Typically there are now reports that the the advisors to the house builder may prefer to list it separately and not via the ZMNO cash shell, of course these advisors will make more money that route. Can see what is coming here, the deal will not proceed and by the time the next to useless ZMNO BOD update cash will have dropped from around 4.4p a share to around 3p a share. Let us prey the RTO concludes but the signs look ominous. |
Posted at 09/12/2017 19:25 by hedgehog 100 Time/Date Price Volume Trade value10:08:11 04-Dec-17 4.25 50,000 2,124.50 10:01:13 04-Dec-17 4.25 35,000 1,487.15 15:57:06 01-Dec-17 4.15 50,000 2,075.00 12:04:26 01-Dec-17 3.88 20,000 775.00 08:07:02 30-Nov-17 4.14 23,957 993.02 The ZMNO share price is perking up after a quiet period, to its current 4.125p (3.75 - 4.5p). There have been four trades already this month, which can be a lot for this share! |
Posted at 31/8/2017 09:30 by hedgehog 100 30/08/2017 14:49 UKREG Zamano PLC Results of EGM"The board of zamano is pleased to announce that all the resolutions proposed to shareholders at the extraordinary general meeting held in Dublin on 30 August 2017 were duly passed. As set out in the Company's announcement on 11 August 2017, following completion of the disposal, zamano will be classified as an AIM Rule 15 cash shell pursuant to the AIM Rules and an investing company under the ESM Rules. Accordingly, the Company will then have a period of six and 12 months under the AIM Rules and the ESM Rules, respectively, to complete a reverse takeover before trading in its shares will be automatically suspended by the relevant exchange. Further details of, inter alia, the Company's investing policy can be found on the Company's website www.zamano.com." |
Posted at 16/8/2017 21:53 by hedgehog 100 From ZMNO's EGM Circular:"8. INVESTING POLICY Following completion and the passing of the Resolutions, under Rule 15 of the AIM Rules and Rule 15 of the ESM Rules the Company will become a cash shell with no new material trading activities. The Board is therefore seeking Shareholder approval (Resolution 2 page 13) for the investing policy set out below to examine potential opportunities to be satisfied by cash and / or shares in a single transaction which will amount to a “reverse takeover”. The Company’s investing policy is to seek to invest in and/or acquire companies with either strong existing profitability or significant growth potential, in the, inter alia, manufacturing, service activities, or extractive industries/explorati In selecting investment opportunities, the Board will focus on businesses that are available at attractive valuations and hold opportunities to unlock embedded value over the medium term. The Board will seek to invest in businesses where it may influence the business at a board level. The ability to work alongside a strong management team to maximise returns through revenue growth will be something the Board will focus upon. These criteria are not intended to be exhaustive; however, zamano may make an investment which does not fulfil all the investment criteria if the Directors believe that it is in the interests of Shareholders as a whole to proceed with such an investment. Any acquisition by zamano will be put to Shareholders for their approval pursuant to Rule 14 of the AIM Rules and the ESM Rules at the appropriate time. It may be considered appropriate to take an equity interest in any proposed business, which may range from a minority position to 100 per cent. ownership. Any investment is likely to be made into an unquoted company and structured as a direct acquisition. As zamano’s financial resources are likely to be invested in just one investment, this acquisition is also likely to be deemed to be a reverse takeover pursuant to Rule 14 of the AIM Rules and the ESM Rules. zamano does not currently intend to fund any investment with debt or other borrowings, but may do so if appropriate. The Company’s primary objective is that of achieving for Shareholders, over time, both capital growth and income through increasing profitability coupled with dividend payments on a sustainable basis. The Directors believe that the collective business experience in the areas of acquisitions and corporate and financial management of both the Directors and of the Company’s advisers and Shareholders will assist the Company in the identification and evaluation of suitable opportunities. Subject to the approval of the investing policy by the Shareholders at the Extraordinary General Meeting, the Company will become an AIM Rule 15 cash shell pursuant to the AIM Rules and an investing company under the ESM Rules. Accordingly, the Company will have a period of six and 12 months under the AIM Rules and the ESM Rules, respectively, to complete a reverse takeover before trading in its shares will be automatically suspended by the relevant exchange." "Dated: 14 August 2017" |
Posted at 14/8/2017 18:30 by hedgehog 100 ZMNO has risen 0.25p today, to 4.0p, market cap. £3.98M.In comparison, the expected EUR5.3M. gross for distribution to shareholders &/or an acquisition equates to £4.82M. (£1 = EUR1.1). |
Posted at 14/8/2017 18:07 by hedgehog 100 After-hours ZMNO RNS On Friday:11/08/2017 17:27 UKREG Zamano PLC Disposal Announcement "Disposal of All of the Company's Operating Business and Assets zamano announces that, further to the announcement on 9 August 2017, it has entered into a conditional sale and purchase agreement (the "SPA") to sell all of the Company's operating business and assets to Kilavan Holdings Limited (the "Purchaser" or "Kilavan") (the "Disposal"). … Following completion of the Disposal, zamano will retain cash of approximately EUR5,582,000 out of which it shall discharge existing Plc liabilities and transaction expenses related to the Disposal of approximately EUR282,000 and will have no other significant assets or liabilities. Following completion of the Disposal, the Board will commence the process required for the company to be in a position to make a return of cash to shareholders. Such process is expected to take up to six months. During this time, the Board considers it is in Shareholders' interest to continue to examine possible investment opportunities whilst this process is ongoing. The Board confirms that any material or significant investment opportunity will be conditional on Shareholder approval being obtained. The Disposal constitutes a disposal resulting in a fundamental change in business of zamano pursuant to Rule 15 of the AIM Rules and the ESM Rules and requires the approval of the Company's shareholders ("Shareholders"). Contingent on the approval of the Disposal by Shareholders, the Company will become an AIM Rule 15 cash shell pursuant to the AIM Rules and an investing company pursuant to the ESM Rules. Accordingly, the Company will have a period of six and twelve months under the AIM Rules and the ESM Rules, respectively, to complete a reverse takeover before trading in its shares will be automatically suspended by the relevant exchange. The Company will also seek Shareholder approval for its investing policy. A circular, which will contain further details of the Disposal and the investing policy (the "Circular") is expected to be posted to Shareholders shortly and will also be available on the Company's website at www.zamano.com. … Notice of the EGM to approve the Disposal and the investing policy will be included in the Circular that will shortly be posted to shareholders and it is expected to be held at the Conrad Hotel, Earlsfort Terrace, Dublin 2 on 30 August 2017. … -- Investing policy will have a focus on target companies with either strong existing profitability or significant growth potential, operating in both cases in attractive underlying markets. … Future Strategy and Investing Policy Following the Disposal, it is estimated that zamano's net cash position will be approximately EUR5,582,000, which will be used in part to discharge zamano's existing Plc liabilities and transaction costs related to the Disposal of approximately EUR282,000. Following the discharge of such liabilities and transaction expenses related to the Disposal, it is expected that zamano will retain approximately EUR5,300,000 of cash, and will have no other significant assets or liabilities. … " |
Posted at 06/8/2017 15:22 by hedgehog 100 Yes HugePants,In its 31st. March final results, ZMNO stated that " ... a decision is expected to be made during H1 2017." So we are now over a month overdue. However, ZMNO's recent recovery to 3.9p is a bullish sign. And ZMNO's AGM on Wednesday could provide a timely opportunity to update the market. 31/03/2017 07:00 UKREG Zamano PLC Final Results "... In light of this, the Group took the decision in early February 2017 to formally wind down the existing business lines in order to protect the cash position on the balance sheet. The wind down of the existing business lines is ongoing and the Board is currently considering alternative strategic options. In the absence of a timely strategic alternative, the Group will look to maximise its cash position and make a distribution back to shareholders. The zamano Board is focused on conserving the Group's strong cash position by optimising our withdrawal from our existing business lines and the Group remains fully committed to supporting its clients and providing a high level of customer experience and service during the wind down process. ... This profit after tax, excluding the impairment charge, led to a further improvement in the Group's net cash position. At 31 December 2016, net cash was EUR7.2 million, an increase of EUR0.9 million over the 31 December 2015 net cash figure of EUR6.3 million.... (b) Going concern As explained in the Directors' Report, detrimental regulatory changes introduced during late 2016 have impacted both the Group's performance in the short term and the ability of the Group to sustain profitability going forward. In light of these changes, in February 2017, the Board took the decision to formally wind down existing business lines over the course of 2017. The Board is currently considering alternative strategic options for the Group beyond the cessation period for existing operations, one of which includes a liquidation and distribution of the Group's net assets to its shareholders. No decision has yet been made over the Group's strategic options however a decision is expected to be made during H1 2017." 27/06/2017 17:06 UKREG Zamano PLC Posting of Annual Report & Notice of AGM "zamano plc is pleased to confirm that its Annual Report & Accounts for the 12 months ended 31 December 2016 have been published and sent to shareholders. The Company is also pleased to announce that its Annual General Meeting ("AGM") will be held at 11am on 9 August 2017 at the Conrad Hotel, Earlsfort Terrace, Dublin 2 and the notice convening the AGM is contained in the Annual Report & Accounts which has been posted to shareholders. The Annual Report & Accounts and Notice of AGM are available on the Company's website www.zamano.com" |
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