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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Zegona Communications Plc | ZEG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 732.00 | 16:35:01 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 746.00 | 730.00 | 748.00 | 732.00 | 732.00 |
| Industry Sector |
|---|
| MOBILE TELECOMMUNICATIONS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 21/06/2021 | Interim | GBP | 0.026 | 01/07/2021 | 02/07/2021 | 23/07/2021 |
| 21/12/2020 | Interim | GBP | 0.022 | 11/02/2021 | 12/02/2021 | 09/03/2021 |
| 14/05/2020 | Interim | GBP | 0.026 | 02/07/2020 | 03/07/2020 | 31/07/2020 |
| Top Posts |
|---|
Posted at 18/6/2025 16:58 by triktrak The Spanish press is reporting today that the Masorange CEO has stated he "plans to sign an agreement with an investor during the third quarter of the year to participate as a partner in the new wholesale fiber optic company (known as a fiberco) he has created with Vodafone Spain [Zegona]."The two promoters of the fiberco have already received binding offers from GIC, the Singapore sovereign wealth fund, as well as from private equity firms KKR and Brookfield. Meanwhile, Canaccord, in a note, said: "In combination with the (also very likely) sale of its MasOrange JV stake, Zegona seems on track for total Fiberco JV monetisation net proceeds of €2.1bn, in line with our estimate. This would enable the company to pay a special dividend of £1.6/ share (23% of mkt cap), allowing the subsequent cancelation of EJLSHM's 69% stake in the company. The stark reduction in share count could drive the shares to £6-11 assuming a 'look-through' valuation similar to listed European peers." Of the recent rumours of a takeover of Vodafone Spain by Telefonica, the analyst was dubious due to the heavy regulatory scrutiny that such a deal would encounter. |
Posted at 06/6/2025 10:46 by triktrak On Friday, Deutsche Bank (ETR:DBKGn) analysts initiated coverage on Zegona Communications (ZEG:LN) with a Buy rating. The analysts set a price target of £10.30 for the stock, highlighting potential upside and operational momentum.The analysts noted that there is a 70% upside potential for Zegona Communications, even if the company only achieves half of its planned stake reduction in FibreCos. They also pointed out the company’s path to double-digit unlevered free cash flow (FCF) yields as a positive factor. Operational momentum and cost-cutting measures are expected to help Zegona Communications offset pressures from Spanish competition. The analysts also mentioned potential FCF upside from further cost reductions, interest cost savings, and steps to improve mobile returns. The progress on FibreCos in the next two months is identified as a key catalyst for the company. The analysts project a 10% unlevered FCF yield by 2026, along with a 17% dividend yield. Deutsche Bank’s initiation of coverage with a Buy rating reflects confidence in Zegona Communications’ hxxps://uk.investing |
Posted at 28/5/2025 18:26 by triktrak Canaccord's note today was titled "Storm in a teacup?" following yesterday's article in Expansion.The note concluded that, assuming the article is correct, the Netco monetisation case would remain intact. It said: "We view the share price weakness as a buying opportunity - net proceeds from fixed network monetisation of €2bn or more should enable Zegona to pay a special dividend of £1.6/share (~25% of mkt cap) and subsequently cancel EJLSHM's current 69% stake in the company. This could drive 'look through' value of the shares of £6-11 (5-6.5x FY26E EBITDAaL)." |
Posted at 06/2/2024 09:59 by hibberts Can anybody confirm the market cap of ZEG? |
Posted at 25/11/2023 21:12 by hedgehog 100 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. |
Posted at 17/11/2023 16:57 by skyship 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! |
Posted at 22/9/2023 10:14 by value hound 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"! |
Posted at 29/10/2021 15:24 by skyship Red Ninja - most remiss of me - thnx for that.So ZEG actually did well twice. Redeemed via tender 99.8% @ 200p (Oct'17); then c15months later (Jan'19) went around for a 2nd time: "A total of 95,715,728 ordinary shares of GBP0.01 each in the equity capital of Zegona (the "Placing Shares") have been placed by Barclays Bank PLC, acting through its investment bank ("Barclays") and Oakley Advisory Limited ("Oakley") at a price of 105 pence per Placing Share (the "Placing Price"), raising gross proceeds of approximately GBP100.5 million. The Placing Shares being issued represent approximately 75.8 per cent. of Zegona's issued ordinary share capital prior to the Placing. The Placing Price of 105 pence each represents a discount of 12.5 per cent. to the middle market price at the time at which Zegona and Barclays and Oakley agreed the Placing Price." |
Posted at 22/1/2021 16:00 by hugepants "At the Euskaltel share price of €9.03 on 30 September, Zegona's holding in Euskaltel, together with its current net cash position, is worth the equivalent of £1.46 per Zegona share2. This value is over 31% higher than Zegona's current share price of £1.113."The discount must be bigger now. The above compares with the current situation ie. Euskaltel share price currently E9.18 and the ZEG share price is 105p. Note Euro/Sterling exchange rate is down 3% from 30 sept ZEG said this in the interims; "Zegona is fully aware that should it conclude it is no longer appropriate to retain its investment in Euskaltel, any material discount at which Zegona trades to the underlying value of its assets can be closed in a number of ways. These include, but are not limited to, the distribution in-specie of Zegona's interest in Euskaltel to its shareholders. Both the timing and process for any actions would be driven by what creates most value for shareholders. Zegona believes that, if it decides to monetise its Euskaltel stake, its greater than 21% ownership and lead shareholder status have strategic value, creating the potential to deliver a premium above the value of the individual shares." |
Posted at 21/12/2020 16:37 by red ninja Nice Dividend :-"ZEGONA ANNOUNCES £4.8 million DIVIDEND PAYMENT - 4.5% Yield On 15 December 2020 Euskaltel shareholders approved a €0.14 per share dividend to be paid in February 2021. Zegona has committed to pass 100% of all Euskaltel dividends straight through to its shareholders so Zegona's Board of Directors has yesterday declared an interim dividend of 2.2 pence per share, equivalent to £4,817,342. In total, 4.8 pence per share, equivalent to £10,523,356, will have been paid to shareholders in the 12 months ending March 2021, equating to a dividend yield of 4.51% " |
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