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ZEG Zegona Communications Plc

278.00
6.00 (2.21%)
Last Updated: 14:37:40
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.00 2.21% 278.00 274.00 282.00 284.00 278.00 280.00 8,373 14:37:40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 0 -15.55M -2.5194 -1.08 16.79M
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 272p. Over the last year, Zegona Communications shares have traded in a share price range of 30.70p to 286.00p.

Zegona Communications currently has 6,172,424 shares in issue. The market capitalisation of Zegona Communications is £16.79 million. Zegona Communications has a price to earnings ratio (PE ratio) of -1.08.

Zegona Communications Share Discussion Threads

Showing 251 to 272 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
DateSubjectAuthorDiscuss
13/7/2021
10:36
Ok hands up who just sold out...could be Sky shedding that 500k..a smidgeon of his holding
badtime
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?
jc1546
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

gleach23
06/7/2021
12:51
Euskaltel get final approval, so hopefully not too long before the cash comes in.
tiltonboy
18/6/2021
13:33
Just needs xx changing to tt as below :-
red ninja
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

tiltonboy
24/5/2021
19:13
Excellent outcome - and one which treats PIs very equitably; a rare thing.
value hound
24/5/2021
18:18
Good result, well done holders.
pireric
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?
frazboy
21/5/2021
18:28
Letter dated 28th but signed 30th
dekle
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
redalert
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.
frazboy
20/5/2021
10:15
Perhaps it's 21 working days and therefore the 26th...?
elsa7878
19/5/2021
10:22
Tick tock...
frazboy
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!
elsa7878
11/5/2021
16:21
Thanks elsa,

"...to proceed to convene" - I understand how that's being read, I had originally taken it to mean, the meeting had to take place within 21 days.

So, 8 days, until we must have further news of a potential GM. Question then becomes, how many days have they from the 19th May, until the GM? I'm not sure what the benefit of procrastination is to the Zegona board. Any thoughts?

frazboy
11/5/2021
16:13
If they can't persuade Marwyn or large shareholders to oppose the request they will have to proceed with one. So by the 19th they will need to tell us when it will be and how we can vote etc.
elsa7878
11/5/2021
15:41
11th May today, 19th May is the 21 day limit. How many days notice of a GM do they have to give, 7? Surely, some news imminently!?
frazboy
05/5/2021
13:48
I really don't know...lol...
tiltonboy
05/5/2021
13:44
Tilts - quite right - certainly would seem duplicitous in the extreme if MVI then failed to provide a big pay-out to their own shareholders.

All suggests that a further ZEG rise could provide a further 15p onto the NAV. That would take it to c196p; of which cash may be as high as 80%. Frankly the share structure is so opaque I can't work out what the position might be!

Are the exchange shares for cancellation as per treasury shares in buybacks?

skyship
05/5/2021
13:22
The value returned is £350/218.97 = £1.5984

Note, as £350 million is the stated minimum it could be slightly higher.
218.97 million is current shares in issue. There may be share options to take account of as well.

red ninja
04/5/2021
18:24
Pot/kettle still come to mind...lol...

I would be happy if they left £20m in, and went again, but equally would be happy to take all cash.

I would guess that ZEG would struggle to get enough support to stop it going through!

MVI should now take some of their own advice and return ALL funds to shareholders!

tiltonboy
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older

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