Zegona Communications Share Discussion Threads

[joemic3v2] 30/7/2021 14:05

https://signcurrency.com/?ref=Micheal

[red ninja] 30/7/2021 13:10

I hadn't anticipated a tender offer, the 2017 tender offer detailed here :- HTtps://www.investegate.co.uk/zegona-comm-plc--zeg-/rns/-140m-tender-offer-for-at-least--2.00-per-share/201708300700052390P/

[eezymunny] 29/7/2021 15:30

Very close? hTtps://www.investegate.co.uk/zegona-comm-plc--zeg-/rns/notice-of-gm/202107291200019383G/

[red ninja] 22/7/2021 15:36

Director buying possibly an indication money return is very close :- "Zegona Communications plc, LSE: ZEG announces that it was notified on 22 July 2021 by Mr Menno Kremer, Investment Director of the Company, that he had purchased 65,068 Ordinary Shares in the Company at a price of 146 pence per share on 22 July 2021. Mr Kremer's holding of Ordinary Shares in the Company totals 65,068 shares, representing approximately 0.0003% of the Company's issued share capital."

[elsa7878] 14/7/2021 10:52

Should be £15 million of which the management will own 28% = little under £11 milion for us. Won't be long before they pay it to themselves in salary, benefits and expenses.

[red ninja] 14/7/2021 10:41

There should also be a NAV of 5p per ZEG share after the 1.504 has been paid.

[elsa7878] 14/7/2021 10:02

You can buy at 1.452 (1.46 including costs) - whih is exactly a 3% discount to 1.504 cash offer. 52.32% acceptances from 3 largest shareholders. Need 75% plus 1 share so guess that the discount reflects uncertainty of achieving 75% or buyer pulling out...

[red ninja] 13/7/2021 11:41

Probably a buy (my buy quote is 145.45) and that price of 145.375 looks too high to be a sell. However, that buy had to be supplied by impatient sellers not interested in the remaining approx 5% when the sale goes through.

[badtime] 13/7/2021 10:36

Ok hands up who just sold out...could be Sky shedding that 500k..a smidgeon of his holding

[jc1546] 07/7/2021 14:58

Positive news from Spain re: CNMV clearance for the takeover to proceed. What is the current timetable for the completion of the deal and the flow of cash proceeds to shareholders?

[eezymunny] 07/7/2021 13:00

hTtps://uk.advfn.com/stock-market/london/zegona-communications-ZEG/share-news/Zegona-Communications-PLC-CNMV-Authorises-MasMovil/85533635

[gleach23] 06/7/2021 13:15

Thanks tiltonboy Edit - so is my understanding correct that 150.4p (153p less the 2.6p recent dividend) is to be returned as cash with a residual 5p left in the business? Consistent with recent weeks, share price seems to be unmoved on the news and one can currently buy @ 146p

[tiltonboy] 06/7/2021 12:51

Euskaltel get final approval, so hopefully not too long before the cash comes in.

[red ninja] 18/6/2021 13:33

Just needs xx changing to tt as below :- HtTpS://www.mobileworldlive.com/featured-content/top-three/masmovil-euskaltel-clearance

[tiltonboy] 18/6/2021 10:19

Preliminary approval has been received from the regulator for the takeover of Euskaltel. hxxps://www.mobileworldlive.com/featured-content/top-three/masmovil-euskaltel-clearance

[value hound] 24/5/2021 19:13

Excellent outcome - and one which treats PIs very equitably; a rare thing.

[pireric] 24/5/2021 18:18

Good result, well done holders.

[frazboy] 24/5/2021 17:59

£335m (153p) to be returned and 5p residual value. Happy with that although management LTIP looks generous as was alluded to by this board. 150p opening tomorrow?

[dekle] 21/5/2021 18:28

Letter dated 28th but signed 30th

[redalert] 21/5/2021 15:07

directors must call a meeting within 21 days and the meeting to be held no more than 28 days after the meeting is called

[frazboy] 20/5/2021 10:29

Perhaps it's 21 days from receipt of the letter? Perhaps the term 'proceed to convene' is open to interpretation?As you said previously, when drawing such a huge salary, why rush to respond, draw it out a bit.I did wonder what golden parachutes were in the board's contracts - could be why MVI are happy for them to bat on with a smallish amount of cash.

[elsa7878] 20/5/2021 10:15

Perhaps it's 21 working days and therefore the 26th...?

[frazboy] 19/5/2021 10:22

Tick tock...

[elsa7878] 11/5/2021 16:28

Yes, the board want to retain some cash and get paid a £1 million a year each while they look for another acquisition...and who wouldn't!