Zegona Communications Share Discussion Threads

[skyship] 16/3/2021 17:54

EKT closed back up at 9.08...

[skyship] 16/3/2021 11:52

Also added today - just now at 95.25p. Encouraged by those large trades yesterday...

[tiltonboy] 16/3/2021 09:18

On the back of the big trade, I've added again, but had to pay 95.3p this time. That will do for now!

[mach100] 15/3/2021 19:38

ekt finished on E8.99. Just collecting the divi and reinvesting same until value and share price align.

[skyship] 15/3/2021 13:02

Back down to E9.01; having been up a full 2% at E9.17 mid-morning...

[tiltonboy] 15/3/2021 12:31

EKT over 9 Euros

[tiltonboy] 15/3/2021 11:01

Gary, Domestically it's been a tough few years, but I'm still around. Hope all is well with you.

[gary1966] 15/3/2021 10:42

Thanks HG, just looked at the original announcement and cut off was 15/09/20. However given the sustained big discount, surely they could have extended it if real intent was there? Obviously I wouldn't have bought what I did if I didn't agree that there is a lot of value here but just not sure what the catalyst is going to be for it to be released and the market affording the co a proper valuation.

[hugepants] 15/3/2021 10:24

I think the share buy back had a specific duration ie. 6 months or so.

[gary1966] 15/3/2021 09:57

Well despite my reservations above regarding the ceasing of share buybacks I can't ignore the discount, which has grown further today, and 5%+ dividend. I also, like Sky, can't ignore that Tilts is here, just to add a little more pressure. My 25K buy seems to have got them to firm the price up a little. Long time Tilts, hope you are keeping well.

[gary1966] 15/3/2021 09:20

Not sure about the intention of the board to narrow the gap if actions speak louder than words. They have just under £7m of the last share buyback pot remaining yet their last purchase was on the 02/09/2020. Does anyone have any answers as to why the share buyback stopped?

[arthur_lame_stocks] 15/3/2021 08:50

I bought a few today. The board seem to want to narrow the gap between NAV and price so hopefully there is some decent upside from here.

[value hound] 14/3/2021 16:05

Thanks both, I may also get a few more

[skyship] 13/3/2021 15:05

Ahh - one of the very best sitcoms ever - sadly nothing of that quality nowadays. Yes, it was Tilts declaring interest for a few at this level that prompted my involvement, which I may increase on Monday. The tap seems to provide a good buying opportunity.

[tiltonboy] 13/3/2021 15:01

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.

[value hound] 13/3/2021 13:44

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.

[skyship] 13/3/2021 13:33

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...

[value hound] 13/3/2021 11:11

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.

[skyship] 13/3/2021 08:30

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.

[hugepants] 12/3/2021 16:20

This is what ZEG said in October; https://www.investegate.co.uk/zegona-comm-plc--zeg-/rns/zegona-s-market-value-per-share/202010080700044409B/ "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.

[tiltonboy] 11/3/2021 14:15

SKY, I feel under pressure now...lol... 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!

[skyship] 11/3/2021 13:41

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.

[tiltonboy] 11/3/2021 12:40

EKT continue their rise, while somebody continues to seek the exit on ZEG. A few small buyers (me included) sense some value.

[hugepants] 04/3/2021 11:17

Euskaltel share price has been drifting but its up 3% today. I assume the strength of sterling has caused ZEG price weakness