ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

ZEG Zegona Communications Plc

234.00
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Zegona Communications Plc LSE:ZEG London Ordinary Share GB00BVGBY890 ORD �0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 234.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
234.00 248.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services EUR EUR -3.31M EUR -0.5367 -4.36 14.44M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 234.00 GBX

Zegona Communications (ZEG) Latest News

Zegona Communications (ZEG) Discussions and Chat

Zegona Communications Forums and Chat

Date Time Title Posts
06/2/202410:33Zegona Communications371

Add a New Thread

Zegona Communications (ZEG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-24 15:41:00234.006,42415,032.16O
2024-04-24 15:35:24234.006,42415,032.16O
2024-04-24 15:35:10234.005,17512,109.50UT
2024-04-24 14:59:12240.006,00014,400.00O
2024-04-24 14:56:52239.001,6673,984.13O

Zegona Communications (ZEG) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Zegona Communications Daily Update
Zegona Communications Plc is listed in the Finance Services sector of the London Stock Exchange with ticker ZEG. The last closing price for Zegona Communications was 234p.
Zegona Communications currently has 6,172,424 shares in issue. The market capitalisation of Zegona Communications is £14,443,472.
Zegona Communications has a price to earnings ratio (PE ratio) of -4.36.
This morning ZEG shares opened at -
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 17:56 by flyfisher
SKY,

Interests as at 10 November 2023 Interests immediately following
Admission and Re-Admission(1)
Shareholder
Number of Existing Zegona Shares
Percentage of issued share capital
Number of Zegona Shares Percentage of issued share capital
Zegona board and management(2) 1,694,401 27.45% 1,734,400 0.24%
Marwyn Investment Management LLP 774,321 12.54% 6,004,321 0.85%
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 14/11/2023 11:19 by apollocreed1
Does anyone know if it's a good idea to subscribe to the share offer via Interactive Investor/HL/AJ Bell? At least I can put them in an ISA.
However, investment trusts generally fall to discounts soon after issue, so if we pay 150p per share, isn't it likely that they drop afterwards to a discount?
Posted at 31/10/2023 10:33 by flyfisher
Hi eezy, I am daft enough, just didn't have the balls.

I look forward to spending the proceeds of my 9 share residue from the stock redemption, after commission it might buy me a victoria sponge!
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 29/3/2021 11:03 by hugepants
copied from MVI thread;

davebowler29 Mar '21 - 10:29 - 1654 of 1655
0 0 0
Liberum;
Significant NAV uplift from Euskaltel bid

Mkt Cap £61m | Prem/(disc) -33.1% | Div yield 2.1%

Event

Masmovil yesterday announced a takeover bid for Euskaltel worth almost €2bn. Euskaltel is a quad-play telecoms provider in the North of Spain The largest shareholder in Euskaletel is Zegona Communications, which is the biggest position in MVI's portfolio. Zegona accounts for approximately 33% of MVI's NAV (based on Friday's closing price).

Zegona's large shareholding in Euskaltel originated when it sold Telecable to Euskaltel in 2017 in a cash and share transaction.

Masmovil's offer of €11.17 per share in cash for Euskaltel has the agreement of 52.3% of shareholders. The offer price represents a 16.5% premium to Friday's closing price. The offer is conditional on receiving at least 75% acceptance. The transaction values Euskaltel at 10.1x EBITDA and 21x operating cash flow.

Liberum view

A transaction between Masmovil and Euskaltel has been speculated for a number of years. Assuming the takeover completes, the transaction should be highly accretive for Zegona shareholders. Based on Friday's closing price, Zegona's market cap is £207m and the company's 21.4% stake in Euskaltel is valued at €428m (£363m) at the offer price. Zegona also has a small net cash position resulting in an underlying asset value per share of 170p (80% premium to Friday's price). Zegona’s share price has risen by 32% so far this morning. We would expect the majority of capital received by Zegona to be returned to shareholders.
Posted at 12/3/2021 16:20 by hugepants
This is what ZEG said in October;


"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."

Has anyone worked out a current estimate?
The euro has drifted 5% versus sterling since that date. However ZEG shares are just 93.7p to buy now versus 1.113. The Eusklatel share price is only down about 1.5%. I reckon the value of the Eusklatel shares has increased to about 44% above the current value of ZEG.
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."
Zegona Communications share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock