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 Shares Traded Last Trade
  0.00 0.0% 4.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 3.90 -1.15 4
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
17/1/202020:49Zamano - 2013 - Optimism Returns667
22/1/201722:45Zamano - should we trust this Irish flotation ??1

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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"
hedgehog 100: 15/08/2017 15:37 UKREG Zamano PLC Posting of EGM Circular "On 11 August 2017 zamano announced that it has entered into a conditional sale and purchase agreement to sell the entire issued share capital of its wholly-owned subsidiaries which operate the Premium Rate SMS business representing all of the Company's operating business and assets, Zamano Solutions Limited and Zamano Limited, to Kilavan Holdings Limited, subject, inter alia, to approval by the Company's shareholders (the "Disposal"). zamano announces that it has despatched a circular to shareholders convening an extraordinary general meeting of the Company (the "EGM") for shareholders to consider and, if appropriate, approve the Disposal. The EGM will be held at The Conrad Hotel, Earlsfort Terrace, Dublin 2, Ireland at 9.00a.m. on 30 August 2017. A copy of this announcement is available on the Company's website: hxxp:// A copy of the EGM circular is also available at hxxp:// and is available for inspection during usual business hours on any business day from the date of this document until completion of the acquisition at the offices of Eversheds Sutherland, One Earlsfort Centre, Earlsfort Terrace, Dublin 2, Ireland. "
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 … 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. … "
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"
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
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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