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* quarter. Apols for bad spelling.
I was quoted 115.4p for a buy yesterday so I don't know why the notional ask moved from 116p to 119p recently. Unless the stake building has altered the pricing structure in the market for Zeg shares.
or half a million (if two buys of 250k) changed hands yesterday. A holdings RNS to come? FMR increasing its holding I wonder?
though I need to do a dummy buy to verify. I wonder if a fund has increased it's shareholding again? Nothing in the published trades so far merits a rise from 116p to 119p on the ask. Very pleased with my top-up at 115.64p last week. Apt timing!
Skid the buyback shares are for cancellation so definitely not sold to FMR.
Will part of this come from the buyback rather than fid buying more
by almost half as they go from 7% to a not inconsiderable 10%. They must see value here even at these levels. Good to see the SP holding up despite the fact that it is off most people's radar. I think we had a small PI join the party today though as a 2k+ trade punctuates the usual buybacks.
A cancelled trade so not a fund. Annoying when shares register a trade only to later find out it didn't happen. Picked up more Zeg today as I assume the fall in the SP is just an adjustment for the upcoming divi.
Ok they bought 60k worth on 3rd July but recent ones have been 23000 and there was a trade of that amount today.. They also seem to get a good price whereas today was a full ask.
from Euskatel laying out a clear pathway unencumbered for now with debt. Very ambitious revenue targets but given the rate of expansion hopefully achievable. Ignored by the market apart from a loyal few and I will add more shortly.
Evening Teddy. I use that investegate sitefor all RNS. Lse is inconsistent and slower. Though the RNS you refer to is now showing on LSE. Incidentally the Daily Mail website with it's dummy PF'S actually shows both RNS and SMW's too, the latter useful for bitesized news on a share.
More buybacks today which is underpinning the price. I am going to buy more shares with my divi at the end of the month. Seems Euskatel is expanding well though the SP has dipped under 8E.
"Euskaltel has signed a new agreement with Orange Spain that will allow it to access 1.8 million of the 3 million new fibre homes reached by the latter's network over the next 3 years. The new deal expands the mobile and fibre-optic access agreement the same partners reached at the end of last year and, coupled with the recent arrangement to tap into Telefonica’s FTTH network, brings the total fibre footprint covered by Euskaltel’s new Virgin Telco brand to well over 20 million homes.
Virgin Telco revealed its launch offer via the Orange Spain network in May. The flexible range of tariffs includes a fibre-only offer at speeds of up to 300Mbps for EUR 33 a month, rising to EUR 39 for 600Mbps broadband. This can be converted into a convergent plan with the addition of a mobile line with 20GB of 4G data and unlimited calls for an extra EUR 6 a month, rising to EUR 29 for a mobile line with unlimited calls and data."
hxxps://www.telecompaper.com/news/euskaltel-expands-ftth-deal-with-orange-to-18-mln-more-homes--1345520. Replace the xx with tt
Euskaltel expanded its mobile and fibre-optic access agreement with Orange Spain at the end of last year, with Orange subsequently confirming plans to carry on with its fibre rollout for at least the next 3 years, adding another 3 million homes to the current footprint of 15 million.
According to this site -
https://www.investegate.co.uk/index.aspx?limit=-1&date=20200708
there was an RNS from ZEG, but LSE does not show it.
Why isn't today's RNS being shown on this site?
Div - 2.6p on 31st July.
https://www.investegate.co.uk/zegona-comm-plc--zeg-/rns/euskaltel-distributes-dividend/202007080700073178S/
I owe my thanks to FK1 for the income I will get.
The div being passed on is £5.7 million so the drop may not be of any significance. Combined with the share buyback and EKTE sp potentially rising, it bodes well. Depends if there is a sell off by income seekers moving on for the next div.
is another 60k buyback today and the basket of trades to watch out for. Looks like they are wasting little time in doing the buyback. This will fall when they pass on the Euskatel divi in full but that will make the yield even bigger.
Part of the share buy back programme as announced in the RNS. Hopefully Euskatel's expansion plans in Spain are a commercial success- they certainly have good people and the Virgin brand- as the discount has narrowed here as they promised to do.
I should say I thought it gets marked down on Thursday but of course it might be dropped first thing tomorrow. I was quoted 116/119 sell/but this afternoon but after the 63k trades I was offered 115.75. So the SP has held up.
2 x 60,000 trades showing as sells. Will be interesting how it opens. Record day.
so far which is quite pleasing though the spread remains wide imo. I am interested to see if buying comes at 119p and 120p which would be an affirmation of faith in the prospects of the company. The buyback will continue of course and hopefully underpin the SP. Euskatel is down 3.5% after yesterday's strong rise but no effect so far on Zeg.
EKTE on track, maybe, 6% annual rise in core earnings each year , after Virgin launch. Good numbers possibly.
Good afternoon OAP. Funnily enough EKTE spiked in the afternoon too. Something afoot? All took off from 2pm to finish at 8.34p up 5.44%. Let us see what is going to unfold.
Nice 6% on EKTE. Should see price of buy back rise from 114 if EKTE holds. Interesting to see SP ex date and what happens.
Or maybe another investor. It is about double what they normally punt for buybacks but yes possible. They only bought 2 days ago but I think the ask is now 120p and an exit gets you 115p. Lol I mistimed my post on the spread narrowing.
Buy as part of share buy back £1.14. Should get RNS in morning ?
at full ask of 116p on the day before it goes ex div. The spread has narrowed and sellers can get 113p now for their exit. The size of the fall tomorrow should be interesting though I expect it to be marked down the full divi on opening. The wider spread previously could have absorbed the fall somewhat but that won't be the case now. I will be reinvesting my divis back into Zeg in August but hope that the SP will quickly claw back the fall. FWIW it might be worth monitoring the next time it is coming up to ex-divi as it has had a strong run up, albeit helped by Cannacord increasing their holding considerably and some excitement caused by the merger of telcos in Spain.