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ZEG Zegona Communications Plc

268.00
0.00 (0.00%)
Last Updated: 08:52:56
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
  0.00 0.00% 268.00 266.00 280.00 - 0.00 08:52:56
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 0 -15.55M -2.5194 -1.06 16.54M
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 268p. 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 £16.54 million. Zegona Communications has a price to earnings ratio (PE ratio) of -1.06.

Zegona Communications Share Discussion Threads

Showing 326 to 350 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
DateSubjectAuthorDiscuss
04/4/2022
09:34
Following the sale of its investment in Euskaltel, Zegona meets its day to day working capital requirements, including the costs of evaluating new acquisitions, from cash balances. At 3 April 2022, Zegona had approximately €9.2 million of cash and approximately €1.0 million of liabilities and we are already making progress on finding another attractive investment opportunity within the European TMT sector where we can again apply our successful Buy-Fix-Sell strategy.
horndean eagle
04/4/2022
09:33
They mentioned what the cash position is in commentary
horndean eagle
04/4/2022
09:16
Hmm - not that easy tracing current Net Cash.

31st Dec'21 B/S shows cash & receivables of 10,753m; less liabilities of 1,563m = £9,190m.

Does seem too high however as that would give an NAV of 172.5p with 5.326m shares in issue. NAV previously reported at c155p at the time of Tender.

HE - how do you get your £1.17?

skyship
04/4/2022
09:09
Net cash figure is wrong. It is circa £1.17 so not that attractive a discount given ongoing costs. Does depend on where they might do any fundraise though. I would assume they would want to do it at some form of premium.
horndean eagle
04/4/2022
08:08
Attractive or obscene?
flyfisher
04/4/2022
07:42
Well, net cash of £9m, mkt cap £4.39m, and they're "actively pursuing a number of attractive opportunities and have recently participated in a number of transaction processes...."

But they're also actively pursuing their attractive salaries whilst doing so.

value hound
14/3/2022
15:21
Finals to Dec'20 were announced on 20th April last year. This time around we should have had an RNS by now as there was sod all to add up!

Hopefully we will hear that the NAV in cash is still over 100p; and the BOD have decided to wind-up as no hope of finding, funding and concluding a deal nowadays.

skyship
07/1/2022
16:10
The downside is the BoD remuneration. I assume c.£2m pa? Add in wind up costs
ghhghh
06/1/2022
22:57
I've bought a few of these FWIW, for obvious reasons (151p for 90p). The problem is that they haven't got enough money to do anything like the sort of deal they'll want to - so may need to raise more. OTOH, they could just call it a day and give the cash back - IF that was the decision from Marwyn / Artemis presumably?
value hound
16/12/2021
13:07
From 15th Oct'21:

The Baseline value is expected to be GBP6.7 million, or approximately GBP1.51 per each of the 4,437,973 shares outstanding.

skyship
16/12/2021
12:33
Does anyone know the current cash position? About £7.5m?

Thanks

ghhghh
29/10/2021
21:30
Many thanks Skyship
galles
29/10/2021
15:24
Red Ninja - most remiss of me - thnx for that.

So ZEG actually did well twice. Redeemed via tender 99.8% @ 200p (Oct'17); then c15months later (Jan'19) went around for a 2nd time:

"A total of 95,715,728 ordinary shares of GBP0.01 each in the equity capital of Zegona (the "Placing Shares") have been placed by Barclays Bank PLC, acting through its investment bank ("Barclays") and Oakley Advisory Limited ("Oakley") at a price of 105 pence per Placing Share (the "Placing Price"), raising gross proceeds of approximately GBP100.5 million. The Placing Shares being issued represent approximately 75.8 per cent. of Zegona's issued ordinary share capital prior to the Placing.

The Placing Price of 105 pence each represents a discount of 12.5 per cent. to the middle market price at the time at which Zegona and Barclays and Oakley agreed the Placing Price."

skyship
29/10/2021
11:29
Mmm, that is not strictly accurate.

Zegonna started with Telecable and sold that to Euskatel.

On selling Telecable it announced a £2 tender offer for shareholders which was 99.8% taken uo.

It went on to raise new funds and took up a stake in Euskatel which it further increased.
It has also examined other potential investments in the past.

So Euskatel was it's second deal and it looks like it will do a third.

I agree timing of when to buy in would see you maximise your profits here.

red ninja
29/10/2021
10:34
"What was their track record like before the Euskaltel takeover?"

ZEG was a single purchase shell for Euskatel. It paid off rather well...eventually; and I think only for those who joined the game late.

skyship
29/10/2021
10:26
Same here - they have a vested interest in playing things out for a year or more before it becomes too embarrassing, then they identify an excellent opportunity etc., for which they need to raise funds. What was their track record like before the Euskaltel takeover?
boystown
29/10/2021
10:12
Boystown. I suspect big shareholders forced the big tender.

Little left to play with. I worry that they'll burn through cash and never get another deal done. Current cash c. 8m and corp overheads are quite high (tho hard to predict going forward?).

I'm gonna steer clear.

eezymunny
29/10/2021
09:43
I believe the current funds will pay for the ongoing office/analysts cost, presumably when the choose their new investment/s they will raise more cash ?
red ninja
29/10/2021
08:32
So why did they leave themselves with such a small war chest - relatively speaking - to fund new acquisitions?

Wouldn't it have been wiser to do a smaller % tender?

boystown
29/10/2021
07:42
Galles - see the RNSs of 15/10 & 26/10. Management have just subscribed for 15.9% of where we are now at 143.8p (They now hold 17.9%) - the underlying NAV, which is all cash:
skyship
28/10/2021
21:14
Hi Skyship, could you share how you worked out the remaining cash left in the company?I sold the remaining shares after receiving the cash, which turns out well in hindsight, but if there is such a discount, I might buy back in again and wait for their next acquisition.
galles
28/10/2021
18:57
So how would this likely play out if they identified an acquisition - rights issue?
zoolook
28/10/2021
14:59
The talk in the outlook statement in the half year report was all about finding a new acquisition; no mention of winding up.
zoolook
28/10/2021
14:40
Trouble here is capital could be tied up for some time before any value emerges.
renewed1
28/10/2021
14:09
No they plan to find another target to invest in.
red ninja
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older

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