We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

ZEG Zegona Communications Plc

4.00 (1.49%)
21 Jun 2024 - Closed
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
  4.00 1.49% 272.00 266.00 280.00 272.00 272.00 272.00 22,751 16:35:26
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 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 £16.79 million. Zegona Communications has a price to earnings ratio (PE ratio) of -1.08.

Zegona Communications Share Discussion Threads

Showing 51 to 72 of 375 messages
Chat Pages: Latest  3  2  1
Update. Although I have received notice of the payment of 71p it appears not yet actually been paid. I wait in hope.
Received 71p dividend notice today paid 2/8/17. so what will the tender offer price be? Doesn't seem much interest here yet we got almost 50% of the share cost rebated by way of the dividend. Not sure why this share is being ignored unless I am missing something?
Since he plan is to return £140m to shareholders via a tender offer then surely they will have to make it attractive to sell rather than offer just the current share price. This must mean an offer at a premium to the ruling share price?? Doesn't that make it an opportunity?
have a look Euskaltel share price

Euskaltel SA
BME: EKT - May 19, 12:30 PM GMT+2
9.65EURPrice increase0.15 (1.59%)

Yes reassuring to see them buying again up here.
Multiple directors bought yesterday as well also we have Invesco topping up with just over 2.5m shares.

The last time there were multiple director buys the share price was at the 110p region.

PDMR Number of Purchase Total percentage
Ordinary price holding of
Shares purchased (pence per Ordinary Shares
share) (rounded)
------------------ ------------------ ------------ -----------------
Eamonn O'Hare
Chief Executive
Officer 63,870 161.00 1.083%
------------------ ------------------ ------------ -----------------
Murray Scott
Director 20,000 158.50 0.020%
------------------ ------------------ ------------ -----------------
Howard Kalika
Director 9,500 158.75 0.140%
------------------ ------------------ ------------ -----------------

Yes although limited liquidity directly, I suspect most hold through MVI.
mad foetus
I guess those liabilities simply transfer to the acquirer AoW. The Zegona company balance sheet has almost nothing on it.

Nothing wrong with a bit of prudence, we have no real idea what's going on.

Agree it seems that these liabilities could be recovered but will be subject to current negotiation I presume and not straight forward.

I think a range is 166-192p is prudent here.

There are E51m of deferred tax liabilities in your total, that would presumably go with sale as they belong in the subsidiary. Until we hear some more we are swimming in the dark to a certain degree...
I see an implied value for ZEG of 163p share if Telecable is sold at EUR 750m. How does one get to 220p? I assume that PPE on b/s consolidated Telecable PPE. I hope to be wrong...

Calcs based on 30jun'16 numbers

NET cash GBP 30.5m
Takeover consideration GBP 653.3m
- Total liabilities GBP 358.2m
= GBP 325.6m
p / share GBp 166.1

Tx for that. I think I prefer ZEG for quicker possible gratification. If this deal goes ahead the MVI NAV uplift is modest vs ZEG and I guess MVI would still trade at a discount. MVI discount is clearly significant so will have a further dig.
Clearly still a big seller still around on MVI fwiw - another 150k sold at 135p.
@Eezy - MVI is a little complex and best thought of as a p/e co with mainly listed holdings (see "Top 10" towards bottom of page):

Essentially, they're mainly ZEG & BCA. GLOO is a zombie waiting for a deal.

Edit - disadvantage of MVI is that you won't see a return anytime soon (including if you buy the realisation shares, MVIR, which are a total con IMO). Advantage is they're already on a big discount, and pay c.6% pa divi here. If you trust the likes of ZEG to keep performing, a la MRO, then MVI the way to play it IMO, if only for the double discount & yield.

Indeed. ZEG could have a combination of cash and Euskaltel shares to the value of c. 220p by the looks. Dependent of course on exchange rates, tax and that E750m price tag.

Thanks for the MVI heads up. ZEG about 29% of MVI NAV, so a possible MVI NAV uplift of c. 12% if my sums are right? MVI a more complex beast - not sure I have the will to plough through all the holdings. Lazy sod...

Sale of the asset rather than the co - ZEG will presumably deploy the cash buying something else, MRO-style - but the trade for me has been to buy MVI not ZEG. MVI hold c.43% of ZEG, trade at a c.35% discount, and are suffering an overhang from a fortnight ago, hence been able to buy more at 135.0001p.

Agree that I can't see ZEG selling it cheap - more likely not to sell than take a low-ball offer.

Indeed. c. E750m mooted which might make ZEG worth c. 220p/share, in a combination of cash and shares. All a bit woolly but I've had a tiny few for the EEZY4 portfolio...

One wonders why they have announced this today when these talks have evidently been going on for some time...

Fair to say everything depends on price and if it actually happens. But interesting RNS today nonetheless.
Yes thanks Flagon for finding and sharing.Not quite sure what it means though. Doing business in Spain is not easy, so I wish them well . I can imagine they will be having meetings with representatives from the local bank, the clergy, local politicians, the telco people , all very complicated I imagine and then there are the language difficulties and the politics and the agendas and backhanders and Spanish legislative backfdrop and the lawyers....
Still, the Basques are among the more serious Iberians and they actually quite like the Brits as well which may help.

Good work flagon.
mad foetus
Euskaltel ‘close to deal’ with Zegona to create Spanish regional cable powerhouse
February 7, 2017

Spanish cable operator Euskaltel could be close to striking a deal with UK-based Zegona Communications to take over Zegona-owned Telecable, creating a regional cable powerhouse in northern Spain, according to local press.

According to Spanish financial daily Expansión, Euskaltel, which operates in the Basque Country and – via subsidiary R – in Galicia, is close to striking an agreement with Zegona to create a group with revenues of €750 million and EBITDA of €360 million.

According to the paper, the pair have been quietly discussing combining their operations for months, but have recently come close to achieving a consensus on the valuation of Asturias-based Telecable, the main hurdle in the way of a deal.

According to Expansión, the deal would likely see Euskaltel pay a mix of cash and shares for Telecable, making Zegona a shareholder of reference in the Basque operator alongside Kutxabank. Euskaltel would also initiate a capital increase, with Zegona subscribing through a payment in Telecable shares.

According to the paper, a deal would also allow the group to expand to other territories such as Cantabria, Navarra, La Rioja and Léon. It said that both groups had been in talks to roll out a network in Cantabria in partnership with local player Ibiocom, backed by the regional government.

The tie-up follows Zegona’s failure to expand outside the Asturias region by losing a battle to acquire mobile operator Yoigo to MásMóvil.

Zegona meanwhile has made some readjustments to its board and executive team. It has named finance director Dean Checkley as its new CFO in place of Howard Kalika, and appointed Rightmove non-executive director and former Engine Holding CFO Ashley Martin as an independent non-executive director.

Zegona said that Kalika would now focus on new investments and evaluating attractive opportunities across the European TMT space.

Martin will serve as chairman of the audit and risk committee and a member of the nomination and remuneration committee. Robert Samuelson will step down fro both committees, while Mark Brangstrup-Watts will step down from the audit and risk committee, meaning that both committees now comprise only non-executive directors.

Link ->

Chat Pages: Latest  3  2  1

Your Recent History

Delayed Upgrade Clock