The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Well done to ZEG shareholders on a RTO at a 380% premium.
Those looking for a quick potential repeat may care to look at Aura Renewable Acquisitions (ARA): market cap. £0.551M. at 5.25p.
ARA looks to be one of the best value shells I have ever seen: trading at a large discount to cash, despite relatively low cashburn, and exciting near term deal prospects.
Aura Renewable Acquisitions (ARA) 5.25p Market cap. £551K. Current cash probably c. £ two thirds of a million.
https://www.lse.co.uk/SharePrice.html?shareprice=ARA&share=Aura-Renew-Acq
Ask price is still 10p lover than the primary bid offer
Just seen it’s a reverse takeover - hence the price increase. GLA.
My thought exactly Jaytee41. Who in the right mind would buy 5x the Market price? Unless someone can enlighten Jaytee41 and I that would be appreciated.
P.S. Only messaging on this board as got a PB email about this ticker.
150p seems rather high when last sp was 34p..
Looks like we got ourselves a nice premium!
Is this dilution?
£1.50 placing price
Hi mate did you keep buying down from 178p?
Don't really understand this how can a million pound company buy a business worth 1 billion can you explain?
How do share holders make money?
In talks to buy Vodafones spanish business. A region they know well. Interesting.
FK1 are you going to continue to hold or sell in the market and look to put the money somewhere else ? Rgds
Hi Noel. Thanks for the message. Lol it is quite a battle over there. I am going add more here as I think we will get to 158p in total. Therefore the fall is of use to me today. Keep well Noel.
Correction - After I said that he ran away and abandoned the FLX ship, he posted this and I replied
I might be banned FK. Roly has reported me. After said that he ran away and abandoned the FLX ship, he posted this and I rellied This is to let you what has happened should I never post again.
Roly - "What a silly post, I have read some cr~p on lse, but that is up there, pray tell what did roly 12 run away from and which ship did he abondon ?, hang on, I hear a bell ringing.time for you to go back to school and may I suggest a lesson in manners."
Me - "Roly - you ran away - on 20 May you posted - "time for me to stop posting here and leave the children to each other, Bye and good luck to investors here, Roly." - so by posting again you prove yourself to be a lair and a hypocrite. May I suggest a lesson truth."
Me - "There - proof, roly is a liar. "time for me to stop posting here and leave the children to each other, Bye and good luck to investors here, Roly." he wrote - but he hasn't gone a way. He is another one like the slimeball - can't be trusted."
Roly - "Post reported for being abusive, libellous and defamatory."
Me - "They were your words Roly - your post is still there - you are denying what you said."
Me - "Roly made a statement, then went against his words and when it is pointed out to him, he reports the post as defamatory. He is as bad as our political leaders for wanting to cover up truth."
@140 slip up by the MMS for a change
Lol
Missing word - A while ago I sold, I'm feeling sick.
ZEGONA ANNOUNCES RETURN OF £335 MILLION OF CAPITAL TO ITS SHAREHOLDERS, EQUIVALENT TO £1.53 PER SHARE, AND MANAGEMENT INCREASES ITS INVESTMENT IN ZEGONA
https://www.investegate.co.uk/zegona-comm-plc--zeg-/rns/return-of--335-million-of-capital-to-shareholders/202105241736166460Z/
Well done FK1. A while I sold, I'm feeling sick.
I dont know the exact cost but I like the underwriting of the takeover of Euskatel. Now risk free and the SP can make 150p imo. I will be adding.
Morning Geordie. Monetising their ONLY investment you mean. I will be shocked if it doesn;t go through as there is majority support for it (52%) by the controlling interests and that is before counting others who will almost certainly vote for the proposal. Who knows, perhaps even a second bidder could be smoked out as Telecoms is a cut-throat business, Yes the guy who thinks this should be 200p is out of touch but as the offer gives cash of 170p a share and ZEG have shown they are no mugs then I think 150p is fair value here.
The RNS about monetising one of their investments was good news. The RNS even said (or made it sound like) the sale would definitely happen. However, like many deals on the stock market, it could take ages for anything to happen and it might not happen.
Many companies are valued less than the sum of their parts.
??
?
Copy over from advfn :-
Liberum;
Significant NAV uplift from Euskaltel bid
Mkt Cap £61m | Prem/(disc) -33.1% | Div yield 2.1%
Event
Masmovil yesterday announced a takeover bid for Euskaltel worth almost €2bn. Euskaltel is a quad-play telecoms provider in the North of Spain The largest shareholder in Euskaletel is Zegona Communications, which is the biggest position in MVI's portfolio. Zegona accounts for approximately 33% of MVI's NAV (based on Friday's closing price).
Zegona's large shareholding in Euskaltel originated when it sold Telecable to Euskaltel in 2017 in a cash and share transaction.
Masmovil's offer of €11.17 per share in cash for Euskaltel has the agreement of 52.3% of shareholders. The offer price represents a 16.5% premium to Friday's closing price. The offer is conditional on receiving at least 75% acceptance. The transaction values Euskaltel at 10.1x EBITDA and 21x operating cash flow.
Liberum view
A transaction between Masmovil and Euskaltel has been speculated for a number of years. Assuming the takeover completes, the transaction should be highly accretive for Zegona shareholders. Based on Friday's closing price, Zegona's market cap is £207m and the company's 21.4% stake in Euskaltel is valued at €428m (£363m) at the offer price. Zegona also has a small net cash position resulting in an underlying asset value per share of 170p (80% premium to Friday's price). Zegona’s share price has risen by 32% so far this morning. We would expect the majority of capital received by Zegona to be returned to shareholders.
Good morning Noel. Not a bad punt for me. I knew consolidation was inevitable in Telecoms. Still going to add as I believe the company know what they are doing and the NAV discount remains too large. They bought back shares at well below the offer price so another bonus there. Keep buying.