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ZEG Zegona Communications Plc

-2.00 (-0.74%)
Last Updated: 09:04:08
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
  -2.00 -0.74% 268.00 268.00 272.00 272.00 268.00 272.00 2,017 09:04:08
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 270p. 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 126 to 149 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
value hound,

Sadly I know nothing. Zegona expect to exit Euskaltel, and MVI have a continuation vote later this year. The difficult part for me is ZEG achieving an acceptable price for EKT. MVI achieving value for ZEG is dependent on the former.

Thanks Skyship

In the words of Manuel "I know nothing", it was simply Tiltonboy's comment, above "Let's see how they end up exiting their position in ZEG" that made me think he must know summat.

value hound
Value Hound - MVI hold c21% of Euskaltel; and no sign of any reduction. They couldn't drip feed the Market even if they wanted to. They will exit at the right time and at the right price via a deal...

If you feel you know different, then please do elucidate...

DAK exactly why Marwyn want out at such a discount? If they're selling their 19%, it could hold the price back for quite some time / send it lower???

Nevertheless, I bought a few this week.

value hound
HP - agreed. With Euskatel now at E8.93 I make the current Zegona NAV c135.7p, after allowing for a 6% fall in the Euro since that statement in Oct'20.

So the discount = 31%, ie 44.8% above the current ZEG offer price of 93.7p.

At the historic dividend rate of 4.6p, we also enjoy a 4.9% yield whilst we await events.

This is what ZEG said in October;

"At the Euskaltel share price of €9.03 on 30 September, Zegona's holding in Euskaltel, together with its current net cash position, is worth the equivalent of £1.46 per Zegona share2. This value is over 31% higher than Zegona's current share price of £1.113."

Has anyone worked out a current estimate?
The euro has drifted 5% versus sterling since that date. However ZEG shares are just 93.7p to buy now versus 1.113. The Eusklatel share price is only down about 1.5%. I reckon the value of the Eusklatel shares has increased to about 44% above the current value of ZEG.


I feel under pressure

Time is running out for MVI. you would think that with the current mania for SPAC's, they would be ideally placed to take advantage, but they are inept beyond words.

Let's see how they end up exiting their position in ZEG!

Hi Tilts....joined you for a few at 93.7p....only a sighting shot, but holding a little too much cash and casting around for VALUE.
EKT continue their rise, while somebody continues to seek the exit on ZEG. A few small buyers (me included) sense some value.
Euskaltel share price has been drifting but its up 3% today. I assume the strength of sterling has caused ZEG price weakness
tiltonboy - think I remember you from HS days? I was HamsterWheel then
Indeed. Think it was about 12 - 15 years ago we communicated about German Market. So let's see how Zegona goes. Have been in for a while - and topped up again recently.And let's see how Brum City Centre livens-up as the lockdown progressively lifts. There was a very good 'not for profit' bar that had opened in Great Western Arcade - hopefully that will reopen when that part of the lockdown ends ....

Twenty years on here, and still going strong. I actually went into the office for a couple of hours on Monday, and do miss it. So sad to see Brum like a ghost town, as I'm sure it is with other great towns and cities.

Lets's hope the German market is up and running this year.

Hi tiltonboy .... good to see you are still around on advfn .... we corresponded with each other many years ago ( I was with a different advfn user name then ) - we were going to meet-up in the German market but never got round to it - perhaps at this years one?
Euskaltel firming up this morning, so I've picked a few up.

Nice cheap offer as well.

Indeed - I was also wondering what this transfer is about - as far as I can see it is about 1.77% of total shares ...
What is the benefit of the transfer of ownership? What options provide this move?
I’ve bought in here at 95p after watching for a while. Euskaltel results should be next week and I expect a good performance and bullish 2021 outlook with the Virgin tie up. Spain is tipe for consolidation and we may see Euskalyel get swallowed over the medium term. Maybe Zeg will announce another buyback programme, plenty of hidden value here IMO with a nice 5% dividend yield. Patience required though!
"At the Euskaltel share price of €9.03 on 30 September, Zegona's holding in Euskaltel, together with its current net cash position, is worth the equivalent of £1.46 per Zegona share2. This value is over 31% higher than Zegona's current share price of £1.113."

The discount must be bigger now. The above compares with the current situation ie. Euskaltel share price currently E9.18 and the ZEG share price is 105p. Note Euro/Sterling exchange rate is down 3% from 30 sept

ZEG said this in the interims;

"Zegona is fully aware that should it conclude it is no longer appropriate to retain its investment in Euskaltel, any material discount at which Zegona trades to the underlying value of its assets can be closed in a number of ways. These include, but are not limited to, the distribution in-specie of Zegona's interest in Euskaltel to its shareholders. Both the timing and process for any actions would be driven by what creates most value for shareholders. Zegona believes that, if it decides to monetise its Euskaltel stake, its greater than 21% ownership and lead shareholder status have strategic value, creating the potential to deliver a premium above the value of the individual shares."

Currently trading at a huge discount to NAV but that doesn't appear to stop the dribbly selling. Interesting.
Investor's Champion comments: With an experienced and well-incentivised management team driving improved returns from Euskaltel, other opportunities on the horizon and a seemingly reliable dividend to reward the patient, Zegona looks compelling value at the current share price.

More on their website why this is a bonkers bargain.

Nice Dividend :-

On 15 December 2020 Euskaltel shareholders approved a €0.14 per share dividend to be paid in February 2021. Zegona has committed to pass 100% of all Euskaltel dividends straight through to its shareholders so Zegona's Board of Directors has yesterday declared an interim dividend of 2.2 pence per share, equivalent to £4,817,342. In total, 4.8 pence per share, equivalent to £10,523,356, will have been paid to shareholders in the 12 months ending March 2021, equating to a dividend yield of 4.51%

red ninja
Drifting down.
I was think of buying a few now, but now thinking of waiting till it stops falling.

red ninja
Good news for Euskatel and therefore Zeg

Spain's Adamo awarded EUR 72 mln govt grant for rural fibre rollout
Thursday 26 November 2020 | 09:18 CET | News
Spanish broadband provider Adamo has secured EUR 72 million in grants from the Ministry of Economic Affairs and Digital Transformation to help it roll out FTTH networks in rural areas covering 19 provinces. The grants are co-financed by the European Regional Development Fund (ERDF) and are part of the government’s PEBA-NGA programme to improve broadband services in digital divide areas with next-generation networks. Adamo said it will be using the funds to improve coverage in the provinces of Lleida, Girona, Tarragona, Cantabria, Valencia, Zamora, Leon, Huelva, Badajoz, Asturias, Cordoba, Palencia, Seville, Avila, Cadiz, Valladolid, Lugo, Ciudad Real and Toledo.
In a statement, the company said it intends to invest a total of EUR 165 million to extend its network to areas still lacking fibre coverage in the provinces. It also wants to take advantage of this deployment to reach even more areas in need of fibre, bring 1Gbps speeds to some 450,000 homes over the next 2 years.

Adamo acquired 5 regional networks at the end of last year to add some 170,000 homes to its fibre-optic footprint, allowing it to surpass the 1 million-home milestone. The operator is now expanding at the rate of 30,000 homes a month and expects to be in a position to bring gigabit fibre-optic services to 1.5 million households in digital divide areas by the end of this year, rising to 2 million “very soon”.

Adamo currently has its own coverage in Catalonia, Madrid, Valencian, Asturias, Cantabria, Navarra, Castilla La Mancha, Castilla-Leon, Extremadura, La Rioja, Galicia, Murcia and Andalucia. Earlier this year it secured EUR 250 million in a fresh funding round led by banks including BBVA, ING and Investec and reached a wholesale access deal with Euskaltel.

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

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