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ZMNO Zamano

4.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Zamano Investors - ZMNO

Zamano Investors - ZMNO

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 00:00:00
Open Price Low Price High Price Close Price Previous Close
4.00 4.00
more quote information »

Top Investor Posts

Top Posts
Posted at 04/5/2018 14:02 by hedgehog 100
"BUSINESS

Zamano considers reverse takeover deal with house builder Seamus Ross

Brian Carey

April 29 2018, 12:01am, The Sunday Times

Zamano, a Dublin-quoted cash shell, is believed to be in talks with house builder Seamus Ross about a possible reverse takeover that could result in a new residential property developer listing on the Irish Stock Exchange.

Last Friday Zamano said it had signed a memorandum of understanding with an unnamed party to acquire “certain operating assets” in return for the issue of new shares in the company. Alongside this reverse takeover transaction, Zamano said the new group would also raise “new capital through an underwritten issue of new shares to a new investor”.

The Sunday Times recently reported that Investec Corporate Finance, which is an adviser to Zamano, was working on a plan to bring a company connected to Seamus Ross of Menolly Homes to… "
Posted at 19/8/2017 19:47 by hedgehog 100
ZMNO's strong cash position reminds me of the £3M that the acquisitive CTP (Castleton Technology, formerly Redstone) started out with in late 2013.

And within two years CTP had more than 8-bagged from its low of 10p to over 80p, on a series of acquisitions.

31/12/2013 07:00 UK Regulatory (RNS & others) Castleton Technology PLC Unaudited Interim Results to 30 September 2013
" ... Group net borrowings of GBP4.2 million (2012 GBP1.6 million). All borrowings repaid subsequent to the period end following the disposal of Comunica, returning the Group to a net cash position of approximately GBP3.0 million immediately on disposal
-- Group now set to seek new opportunities in the technology sector
David Payne, Chairman of Castleton commented:
"The disposal of Comunica presents a good opportunity for the Company, led by an experienced management team, to seek opportunities to maximize the value of the remaining trading businesses in order to generate higher returns for investors, which may include strategic acquisitions within the technology sector. The net cash position will be invested for these purposes." "
Posted at 30/1/2017 03:09 by 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.
Posted at 11/1/2017 20:13 by hugepants
A bit of comment from Mr Wexboy on Zamano which is worth a read -



...The company remains rudderless (still nothing regarding a CEO) – the only good news is that acquisitions are finally off the table, plus the remaining management team’s finally been forced to come up with & implement a restructuring plan (which should have been at least outlined alongside the Payforit warning, not two months later) to ensure the company remains profitable/cash-generative & to protect its EUR 7.3 million cash pile.

But presuming that, the last trade price values Zamano at a near-30% discount to cash, plus I believe the business still has significant value (at least in relation to its current market cap) in terms of intangible assets and/or the potential stabilisation in revenue/possible profits going forward (don’t forget the company’s a survivor for almost 20 years now). But investors obviously aren’t prepared to give management any benefit of the doubt here, and to date the company’s cash pile has been inaccessible (& therefore ‘worthless’ in many respects) – realistically, a decent return from here is only going to be delivered via a sale or liquidation of the company, with the cash pile returned to deserving shareholders (now the only logical step, with acquisitions killed off & presuming the restructuring ensures profitability)...
Posted at 18/9/2016 09:15 by the_sage1
Had a good look at this recently and reckon there is money to be made at current levels.

+ Cash growth last year was in excess of 20% now sitting at £6.5m in June, now probably in excess of £7m - current market cap £10m !

+ There is no debt

+ They state in the interims they expect a strong 2nd half in earnings thus increasing profit.

+ The £ has recently strengthened against the Euro, good for earnings

+ There seems a very strong possibility of takeover, last year they received an approach at 17p a share.

+ They will probably make £1m - £1.5m this year so the forward PE is under 4

+ There is talk of earning enhancing acquisitions

+ It is likely a dividend is possible due to the strong cash position, this would re-rate the shares

+ There is the possibility of new board appointments which could generate new investor interest.

+ Only 100m shares in issue, very low free float

The list goes on BUT you get all this for an enterprise value of only £3m, the market cap is ONLY £10m,

Cannot understand why the shares are sitting around 10p, there could easily be 50%-75% upside here in my view.

Looks like it is under the radar and exceptionally undervalued.
Posted at 01/6/2016 21:05 by the_owl
Thanks - but its not really about getting the money back is it (though I must admit Zamano are now chasing me to do just that!).

I just do not want to give them my name or address - which FWIW (together with my mobile no.) is probably worth a lot more to them than the £10 they owe me !!... because what's to stop them now selling it on to 5 similar 3rd parties, and them in turn sending me dodgy texts??

No. I've resolved the matter, written it off, confirmed the number is blocked, cancelled EE contract and taken out a £5 one which gives me similar benefits.
BTW - asked them for c10 pieces of info about my own data - all very basic stuff. They provided answers to just 2 - despite my chasing. I have contacted M Connelly - Zamano CFO, and asked that my Paypal account be refunded.

1 month, and the £10 loss will be no more. Each month thereafter I'll be better off by £10 + VAT :-)... sod Zamano, their 3rd parties, and our UK tootless regulators who allow these practices.

Final thing to do to wrap up the situation is to contact EE, explain in the strongest terms how their TP operates, the impact on EE customers, and suggest it blocks them, and all such companies - choosing instead a different company with some ethics.

Battlebus - I agree its not relevant to your investment. EE probably won't do anything and they'll still have Vodafone. Just putting it out there as it epitomises a culture in one of their revenue streams, and maybe some of their investors will also see this, and think twice - but its only a minor income stream I agree. END
Posted at 01/6/2016 00:15 by rndm355
They have been pretty clear that they are hoping to make an acquisition or merger so a dividend policy is not the priority.

I agree that the disclosures could be a lot more helpful to investors though - so I recommend calling the company for anyone who has or is contemplating a serious investment here. They were very generous with their time when I called them and I got through straight away.
Posted at 01/12/2015 12:38 by shaunstar
I think investors have every right to be annoyed at the persistent gap to fair value. Directors acting in shareholders best interests should be using tools at their disposal to reduce this gap.
Posted at 01/12/2015 09:29 by aleman
I think pretty much everything he says is true but it is illogical to get annoyed with directors for the failure of the stockmarket to give the company a decent valuation, particularly after the balance sheet has improved s much and the shares have risen 400% in 4 years! I see no problam with writing to request a dividend, though. I would encourage that. In the first instance, investors should write to the directors, rather than Wexboy, to see what response they give. You should only start shareholder action groups if the board fail to comply with popular shareholder requests.
Posted at 07/8/2015 08:59 by the millipede
FWIW - and I hesitate to comment on a stock I have just sold out of - I think we are getting to the point where the cash balance is becoming a problem. For starters plenty of small AIM firms fritter cash away when they have it and I think it is becoming clear that ZAMANO can see no business opportunities to invest it in.

My feeling is that the best thing the company could do with this cash is buy back its shares. This has the potential to enhance liquidity but also will give investors who remain a higher share of the earnings pie and any future dividend payouts. The next best thing would be to return cash directly to shareholders in the form of a special dividend, although because of the tax implications for investors, a buy back is preferable IMVHO.

Sure this might be academic if the offer is accepted. But if not, and if I were invested, or if I buy back my shares, I think this is the sort of thing investors should be pushing for.

BWTFDIK

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