Once again a mega volume day, 10 day v 3 month volume is now +113% with very strong recent relative strength imo. Added further, they seem to have ambitious plans. |
Thanks for the links guys, appreciated. |
tonytyke2,
see:
Telefonica’s New CEO Faces First Test as Bids Due for Fiber Unit
similar comment as the telcotitans article that 1ultimate has posted
JakNife |
Volume before 10.00a.m. already beyond the average 3 month daily volume. 10d/3m volume up nearly 100%. |
Good day today, looks like a big volume day with lots of late buys going through. Vol today 1.395m average 3 months vol 349580 |
* Zegona Communications Plc ZEG.L: Barclays raises target price to 600p from 570p |
Notice been quite a few developments around Vodafone recently, could be reason for the rise here? |
Hit an all time high of £4.08 today 😁 |
Non-Exec Director bought 54,399 (£174,076.80)
That’s what you call putting your hand in your pocket! 😂 |
A very quiet board for a company that is doing very well for shareholders who must be pretty chuffed with how it is all developing. |
Isn't it £1.49bn? 704.15m shares in issue? See www.investegate.co.uk/announcement/rns/zegona-communications--zeg/total-voting-rights/7911605 |
Can anybody confirm the market cap of ZEG? |
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. |
Thnx Fly... |
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% |
It gives MVI holding in the prospectus. |
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! |
Will this be eligible for ftse 250 inclusion? |
Nope, placing at 150p to fund Vodafone deal |
What's happening here? Is it a consolidation of shares? |
@elbrus55-Thanks. I see that 900m is Vodafone reinvesting via a holding company, 300m from other institutions and 8m from retail investors. So where does the rest of the 5bn come from? |
It is a bet on whether management can significantly improve the profitability of Vodafone spain.They've been successful previously doing something similar but ..who knows this time.There's a lot of leverage in the Company so it looks quite risky. You could get a multiple back in a few years time... or Nil. |
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