Share Name Share Symbol Market Type Share ISIN Share Description
Zegona Communications LSE:ZEG London Ordinary Share GB00BVGBY890 ORD £0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 168.50p 165.00p 172.00p 168.50p 168.50p 168.50p 0 06:31:45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 120.0 -9.3 0.0 - 330.34

Zegona Share Discussion Threads

Showing 51 to 73 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
07/8/2017
10:43
Thanks EIGordo for your confirmation. I thought I understood the company's statement and surprised to receive the notice from Selftrade of the dividend payment rather than the usual corporate action message.
dekle
07/8/2017
09:43
Delke, the notice you received from your broker will have simply been a summary restating what was announced by the company in the 26/07 RNS. As you said in post 66, they are not proposing to pay a dividend of 71p per share, they are planning a tender offer - i.e., to buy back shares from current holders (possibly at a small premium to the market price at the time it is announced), for a total consideration of £140m. As for the timing, all we know so far is that it will first require a general meeting, yet to be convened and so date as yet unknown.
elgordo
07/8/2017
09:05
Update. Although I have received notice of the payment of 71p it appears not yet actually been paid. I wait in hope.
dekle
04/8/2017
15:33
Received 71p dividend notice today paid 2/8/17. so what will the tender offer price be? Doesn't seem much interest here yet we got almost 50% of the share cost rebated by way of the dividend. Not sure why this share is being ignored unless I am missing something?
dekle
02/8/2017
10:56
Since he plan is to return £140m to shareholders via a tender offer then surely they will have to make it attractive to sell rather than offer just the current share price. This must mean an offer at a premium to the ruling share price?? Doesn't that make it an opportunity?
dekle
19/5/2017
11:49
have a look Euskaltel share price Euskaltel SA BME: EKT - May 19, 12:30 PM GMT+2 9.65EURPrice increase0.15 (1.59%)
bidmsa
19/5/2017
09:21
Director buys over past three days have totalled £239k. hTtp://www.investegate.co.uk/zegona-comm-plc--zeg-/rns/director-pdmr-shareholding/201705190700076076F/ hTtp://www.investegate.co.uk/zegona-comm-plc--zeg-/rns/director-pdmr-shareholding/201705181025255427F/ http://www.investegate.co.uk/zegona-comm-plc--zeg-/rns/director-pdmr-shareholding/201705170700093504F/ Invesco have moved up from 16.0% to 17.3%
metis20
18/5/2017
16:19
Yes reassuring to see them buying again up here.
spectoacc
18/5/2017
15:35
Multiple directors bought yesterday as well also we have Invesco topping up with just over 2.5m shares. The last time there were multiple director buys the share price was at the 110p region.
flagon
18/5/2017
10:26
PDMR Number of Purchase Total percentage Ordinary price holding of Shares purchased (pence per Ordinary Shares share) (rounded) ------------------ ------------------ ------------ ----------------- Eamonn O'Hare Chief Executive Officer 63,870 161.00 1.083% ------------------ ------------------ ------------ ----------------- Murray Scott Non-Executive Director 20,000 158.50 0.020% ------------------ ------------------ ------------ ----------------- Howard Kalika Investment Director 9,500 158.75 0.140% ------------------ ------------------ ------------ -----------------
spectoacc
03/4/2017
11:39
Yes although limited liquidity directly, I suspect most hold through MVI.
mad foetus
15/3/2017
11:25
I guess those liabilities simply transfer to the acquirer AoW. The Zegona company balance sheet has almost nothing on it. Nothing wrong with a bit of prudence, we have no real idea what's going on.
eezymunny
15/3/2017
11:18
Agree it seems that these liabilities could be recovered but will be subject to current negotiation I presume and not straight forward. I think a range is 166-192p is prudent here.
actofwill
15/3/2017
11:07
There are E51m of deferred tax liabilities in your total, that would presumably go with sale as they belong in the subsidiary. Until we hear some more we are swimming in the dark to a certain degree...
eezymunny
15/3/2017
10:33
I see an implied value for ZEG of 163p share if Telecable is sold at EUR 750m. How does one get to 220p? I assume that PPE on b/s consolidated Telecable PPE. I hope to be wrong... Calcs based on 30jun'16 numbers NET cash GBP 30.5m Takeover consideration GBP 653.3m - Total liabilities GBP 358.2m = GBP 325.6m p / share GBp 166.1
actofwill
15/3/2017
10:10
Tx for that. I think I prefer ZEG for quicker possible gratification. If this deal goes ahead the MVI NAV uplift is modest vs ZEG and I guess MVI would still trade at a discount. MVI discount is clearly significant so will have a further dig.
eezymunny
15/3/2017
09:59
Clearly still a big seller still around on MVI fwiw - another 150k sold at 135p.
spectoacc
15/3/2017
09:31
@Eezy - MVI is a little complex and best thought of as a p/e co with mainly listed holdings (see "Top 10" towards bottom of page): http://www.hl.co.uk/shares/shares-search-results/m/marwyn-value-investors-ltd-ord-gbp0.000001 Essentially, they're mainly ZEG & BCA. GLOO is a zombie waiting for a deal. Edit - disadvantage of MVI is that you won't see a return anytime soon (including if you buy the realisation shares, MVIR, which are a total con IMO). Advantage is they're already on a big discount, and pay c.6% pa divi here. If you trust the likes of ZEG to keep performing, a la MRO, then MVI the way to play it IMO, if only for the double discount & yield.
spectoacc
15/3/2017
09:28
Indeed. ZEG could have a combination of cash and Euskaltel shares to the value of c. 220p by the looks. Dependent of course on exchange rates, tax and that E750m price tag. Thanks for the MVI heads up. ZEG about 29% of MVI NAV, so a possible MVI NAV uplift of c. 12% if my sums are right? MVI a more complex beast - not sure I have the will to plough through all the holdings. Lazy sod...
eezymunny
15/3/2017
08:56
Sale of the asset rather than the co - ZEG will presumably deploy the cash buying something else, MRO-style - but the trade for me has been to buy MVI not ZEG. MVI hold c.43% of ZEG, trade at a c.35% discount, and are suffering an overhang from a fortnight ago, hence been able to buy more at 135.0001p. Agree that I can't see ZEG selling it cheap - more likely not to sell than take a low-ball offer.
spectoacc
15/3/2017
08:51
Indeed. c. E750m mooted which might make ZEG worth c. 220p/share, in a combination of cash and shares. All a bit woolly but I've had a tiny few for the EEZY4 portfolio... uk.advfn.com/cmn/fbb/thread.php3?id=30375760&from=1585 One wonders why they have announced this today when these talks have evidently been going on for some time...
eezymunny
15/3/2017
08:17
Fair to say everything depends on price and if it actually happens. But interesting RNS today nonetheless.
spectoacc
08/2/2017
09:10
Yes thanks Flagon for finding and sharing.Not quite sure what it means though. Doing business in Spain is not easy, so I wish them well . I can imagine they will be having meetings with representatives from the local bank, the clergy, local politicians, the telco people , all very complicated I imagine and then there are the language difficulties and the politics and the agendas and backhanders and Spanish legislative backfdrop and the lawyers.... Still, the Basques are among the more serious Iberians and they actually quite like the Brits as well which may help. R2
robsy2
Chat Pages: 3  2  1
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