Mr Market somewhat disbelieving. Perhaps the 6 months process? Regulatory/competition review?
Buyer seems to be Spain's 4th biggest telco, so you'd think would understand the competition issues.
MVI/MVIR in almost complete denial :)
All a bit strange esp given that the door is apparently still open to competing offers? |
Really excellent news - and worth c.176pps for ZEG at current exchange rates acc' to my quick calcs???
Also, cash removes worries value seekers may have had about the underlying investment - so the discount should be negligible? |
All our recent questions have been answered, thank you Zegona |
Excellent news, well done Zegona, i wonder if they have a new investment lined up. Value always outs eventually, what a nice start to the week! |
MVI will be looking to monetise their investment, no doubt to try and invest in another SPAC ahead of the continuation vote later in the year. Likewise with the Le Chameau holding.
Things are looking good for Euskaltel, and therefore by proxy for ZEG. I would happily take EKT shares in specie, and let ZEG look for another acquisition.
No idea why the buy-back isn't still operating! |
I guess the future of MVI's 18.95 stake in Zeg is the factor. Incidentally the only change of holdings RNS since last July has been for a minuscule change in the FIL holding.
Anyone have an insight into what is happening with buybacks?
In June they announced a programme to last to the earlier of September or when they had spent £10m.
In September when they did their last buyback they said they had spent £3m.
On October 8th they told us they were looking to close the discount.
Since then...nothing |
MVI factor |
...too many already? |
Pounds per euro heading down ? |
Since december the share price has declined about 14%, whereas the underlying share value in euskaltel has increase by about 5%, an interesting disconnect.
Any opinions why? |
I'm tempted to buy more...but |
EKT at E9.58... |
Very tight spread here currently @ 94.32-94.44
I've been holding back on a top up due to an apparent overhang (seems to me that one can buy 250k) but sorely tempted.
Any clues as to the seller? |
EKT @ E9.50; so NAV c144p - discount now up to 34%. |
9.50 ¯_(ツ)_/¯ |
Eusklatel finished up 3% |
EKT up to 9.31.... |
Welcome aboard mate! |
Took a nibble |
EKT closed back up at 9.08... |
Also added today - just now at 95.25p. Encouraged by those large trades yesterday... |
On the back of the big trade, I've added again, but had to pay 95.3p this time.
That will do for now! |
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