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Started: JAdams5000, 9 Nov 2023 11:36
Last post: Hedgehog100, 25 Nov 2023 21:23
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..
Last post: BubbaBubbaBubba, 28 Sep 2023 02:50
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
Started: NoelShempsky, 27 May 2021 11:48
Last post: Fallingknife1, 28 May 2021 15:40
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."
Started: arsenal58, 25 May 2021 19:09
Last post: arsenal58, 25 May 2021 19:09
@140 slip up by the MMS for a change
Lol
Started: NoelShempsky, 24 May 2021 19:13
Last post: NoelShempsky, 24 May 2021 19:14
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.
Started: Fallingknife1, 9 Apr 2021 13:24
Last post: Fallingknife1, 9 Apr 2021 13:24
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.
Started: GeordieShores, 30 Mar 2021 09:16
Last post: Fallingknife1, 30 Mar 2021 10:07
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.
Started: Indie07, 30 Mar 2021 09:06
Last post: Fallingknife1, 30 Mar 2021 09:15
??
?
Started: Fallingknife1, 15 Jan 2021 14:46
Last post: RedNinja, 29 Mar 2021 12:49
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.
Well done FK1.
From RNS :-
"Substantial value creation for Zegona shareholders
· The Offer values Zegona's 21.4% shareholding at c.€428 million
· This equates to a Zegona Underlying Asset Value of £1.70 per share1, which represents an 80% premium to Zegona's current share price (94.5p)"
Thus with offer NAV is £1.70, but deal is not complete yet and share price will probably get to a discount of 20-30% to NAV when deal completes as a lot of the cash will be re-invested. IMO
I’m quite confused shouldn’t this be well over £2 now
Maybe market has missed this company and the morning rns
Started: Silverbackboy, 29 Mar 2021 09:32
Last post: Silverbackboy, 29 Mar 2021 09:32
That’s a pretty good rns if you ask me lol
Started: Fallingknife1, 11 Feb 2021 16:34
Last post: Fallingknife1, 11 Feb 2021 16:34
drives up the yield here. I will reonvest back into the company as at some point these will be much higher imo.
Started: RedNinja, 21 Dec 2020 16:36
Last post: Fallingknife1, 2 Jan 2021 10:57
Hi RN. Yes very welcome income which I shall be putting back into the company. A safe yield of 4.5% is not going to cause any hang-ups for investors in a low rate environment.
The company have three bidders for the sale of 49% of its fibre unit. The company plans to invest €313 million between 2021 and 2022 in the deployment of fibre optic networks and needs financial partners to finance the whole operation. No shortage of interest then among those with financial muscle who wish to dial in to the project.
ZEGONA ANNOUNCES £4.8 million DIVIDEND PAYMENT - 4.5% Yield
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%
Started: Fallingknife1, 26 Nov 2020 11:36
Last post: Fallingknife1, 26 Nov 2020 11:36
A useful tie-up with Adamo
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.
Started: Fallingknife1, 26 Nov 2020 10:44
Last post: Fallingknife1, 26 Nov 2020 10:44
hTTps://translate.google.com/translate?hl=en&sl=es&u=https://www.bolsamania.com/capitalbolsa/noticias/bolsa/euskaltel-los-rumores-de-opa-llevaran-al-valor-a-las-cercanias-de-los-1000-euros--7725364.html&prev=search&pto=aue
10% upside from its current price. If reached it would widen the gap between ZEG's SP and the NAV of its holdings. Something which the company is striving to narrow.
I am really liking the performance of the underlying asset and the progress it is making. As well as being underpinned by the dividend distribution. I plan to add to my holdings here as there is a disconnect between the SP and its intrinsic value.
Started: Fallingknife1, 25 Nov 2020 12:52
Last post: Fallingknife1, 25 Nov 2020 12:52
Spanish regional cable operator Euskaltel Group’s recently launched Virgin telco brand, which it uses to market services in Spain outside its home turf of the Basque Country, Asturias and Galicia, has now signed up over 58,000 customers after six months of operation.
Euskaltel CEO José Miguel García unveiling the Virgin telco brand earlier this year
The total subscriber base includes 43,000 fixed and 15,000 mobile customers, with the fixed base running well ahead of the 35,000 target the company set for the end of this year when it launched.
The higher fixed take-up reflects the fact that the telco now covers close to 21.5 million homes, ahead of the 18 million envisaged in the original business plan. The homes passed include 3.2 million in Madrid and one million in Malaga, Seville and Alicante.
Zegona Communications, Euskaltel’s largest shareholder, which has been instrumental in setting its current strategy and characterised the latest numbers as “a huge success”, said that 72% of municipalities with over 50,000 inhabitants now had contracts with Virgin telco.
Euskaltel last week launched a new package, Netflix Fan, that includes access to Netflix and 10GB that the customer can use on any of his or her mobile lines.
Broadband customers will be able to access the range of entertainment content offered by Netflix from any device and location, alongside 10GB of data to be used on any of the customer’s Euskaltel mobile lines or by buying a new data SIM card.
José Miguel García, head of Virgin telco and CEO of the Euskaltel Group said: “In six months, we’ve seen how this project has grown extraordinarily and I am sure that as a result of the huge effort made by the entire team and the company’s unbeatable philosophy, Virgin telco has a very bright future in the Spanish telecommunications industry, which, as I always say, is one of the most developed in the world. This is just the beginning and we will continue striving to offer customers services that meet their needs in a transparent, straightforward and flexible way. Customers will continue to be at the heart of our business strategy. 2021 will be an extremely exciting year, full of new developments”.
Koldo Unanue, chief marketing officer for Virgin telco, said: “Virgin telco can lay claim to having understood the needs of current customers and has been the first and only telecommunications company to launch onto the domestic market at the height of the global pandemic. Although this might have seemed risky, the company continuously shows that it can go all the way and that its 100% customer-centred philosophy works. “
Started: Fallingknife1, 26 Oct 2020 15:55
Last post: Fallingknife1, 12 Nov 2020 16:13
Virgin Telco, Euskaltel’s subsidiary for the whole Spanish market, has surpassed 50,000 customers some two months ahead of schedule following “strong growth” in October, adding 30,000 subscribers, 21,000 in fixed broadband and almost 9,000 in mobile broadband.
“We are very proud of this milestone”, said CEO of Euskaltel, José Miguel García. “We have managed to overcome our initial objective in less than six months (…) putting our customer at the centre of our business strategy.....
Growth from Spanish regional cable operator Euskaltel’s national launch under the Virgin telco brand has exceeded the company’s initial expectations, with 38,000 additions from this brand contributing to an overall net growth in the operator’s customer base of 20,000 for the quarter to September.
Digital TV Europe report 28/10/20
The new operation added 21,000 fixed line customers, taking its total to 27,000. Mobile additions amounted to 9,000. The operator had previously set a target of 35,000 fixed customers by the end of the year.
Virgin telco also helped boost the company’s top line, with revenues for the quarter up 1.8% to €174.2 million.
This is the fourth consecutive quarter of revenue growth compared to the prior year and the company’s biggest growth in revenue in recent years.
Virgin telco’s revenue has grown to €3 million in the quarter, in line with its strong customer base growth which is expected to continue this upward trend over the coming months. Furthermore, revenue from the company’s traditional business has also seen positive growth of 0.1% due to stable customer revenues and excellent performance in the business services segment.
In the first nine months of 2020, EBITDA has risen 3.2% compared to the same period last year, up to €260.2 million at 30 September, with a 50.3% revenue margin that is 119 basis points higher than in September 2019.
Euskaltel now has 802,000 customers overall. Broken down by segment, mobile revenue-generating units increased the most, with 21,000 additions, followed by broadband with 19,000. The company now has 695,000 fixed and 106,000 mobile customers.
Euskaltel said that while Virgin telco had exceeded expectations, the overall growth it achieved was muted by the impact of COVID-19.
Afternoon Teddy, Yes excellent update and surely more to come here. Euskatel seems to be doing the right thing and consolidation in the sector is likely. A decent yield too while we wait for things to unfold.
Fair bit of red in market today.
No reaction to today's RNS -
https://www.investegate.co.uk/zegona-comm-plc--zeg-/rns/euskaltel-reports-record-customer---revenue-growth/202010280700044022D/
The market is missing a sleeper. When will others wake up and spot it?
Started: Fallingknife1, 12 Nov 2020 16:09
Last post: Fallingknife1, 12 Nov 2020 16:09
osé Miguel Garcia, the CEO of Spain’s Euskaltel, has said that rumours that it is planning asset sales or alliances are without foundation.
Speaking in a wide-ranging interview with El Economista, he added that although it is obliged to study all the possibilities that represent creation of value or help its business plan, there is nothing on the horizon in these directions. Fortunately, Spain is a very mature telecom market and Euskaltel already has agreements in place with Adamo, Telefónica and Orange.
Garcia spoke about the pros and cons of cable compared to fibre, with the former better in competitiveness, reliability, efficiency and quality of service and latter in lower maintenance costs and ability to become a bargaining chip compared to other infrastructure companies and operators. That is why Euskaltel is expanding fibre in its coverage area.
Garcia also spoke about the success of Virgin Telco and expressed disappointment that there are no OTT offers to watch football in Spain despite the model being successful in other countries.
Started: Fallingknife1, 8 Oct 2020 09:56
Last post: Fallingknife1, 10 Oct 2020 21:52
Teddy thanks for that . Difficult to chart this one with the buybacks and low volume I should think.
The relatively strong small investor interest since the 8th of October is probably explained by this:
"Investor's Champion comments: Zegona looks a cheap, dividend yielding play on the improving performance and growth of a Spanish telecommunications group.
A bonkers valuation"
hxxps://www.investorschampion.com/
Behind a paywall.
Hi FK.
I looked at the 2Y chart. Very odd, not like a normal price chart, lots of horizontal periods, but I can see a case to be made for the rise since June to be a flagpole, and the period since early July being a flag, but this is very tentative.
If that is a correct interpretation of the chart, at some point not too far from now, there will a big breakout to the upside.
of the gap between NAV and the market price. The company are determined to narrow the discount and have been doing admirably to date. Zeg are worth holding for the yield, the potential for the narrowing of the discount and possible merger activity in Spain. Looks good to me.
Started: Fallingknife1, 1 Oct 2020 22:43
Last post: Fallingknife1, 1 Oct 2020 22:43
Competition is fierce in Spain, less than half a decade after Telia sold out, and we’re talking about the M&A merry-go-round once again.
Regional operator Euskaltel’s name keeps cropping up as a potential new fourth player. The telco – a fixed and TV player, and MVNO, whose roots are in Northern Spain – earlier this year announced plans to extend its presence nationwide under the Virgin brand. The operator said its aim is to reach the 85% of the Spanish market that it does not yet cover as part of a business plan for the next five years. The firm has declared itself the market’s fifth player, much like Masmovil tagged itself as Spain’s fourth national operator a few short years ago, and said it will operate as a value brand with competitive pricing.
Having seen the way Masmovil took the market by storm, you can forgive Spain’s existing national players for being spooked, Masmovil included.
While there is little of any substance in the reports emerging from the Spanish market at present, we find ourselves in a very familiar situation – history repeating itself, you could say – and talk of further consolidation seems like much more than just idle speculation.
hxxps://telecoms.com/506656/consolidation-is-on-the-agenda-again-in-spain/
Started: Fallingknife1, 15 Aug 2020 14:23
Last post: Fallingknife1, 15 Aug 2020 14:23
MADRID (Reuters) - Spanish regional telecom operator Euskaltel (EKTL.MC) has hired investment bank Lazard (LAZ.N) to explore a potential sale of its broadband network, Expansion newspaper reported on Friday, citing unidentified market sources.
Euskaltel would then rent the network back from the new owner and use the cash raised by the sale to develop its Virgin Telco mobile telephone business, the newspaper said.
The company operates mobile telephone, internet and cable TV networks in Spanish northern regions of the Basque country, Galicia and Asturias, where it faces increasing competition from rivals.
Started: Fallingknife1, 24 Jul 2020 12:50
Last post: Fallingknife1, 24 Jul 2020 12:50
Very pleasing Q2 figures released yesterday by ZEG's invested company. Net debt paid down to 4.07x EBITDA and a gross margin over revenue of 74.2% Euskatel managed 0.3% YOY growth even during COVID 19 with cash flow over 50m euros in a quarter for the first time to 50.9m. Looks like 3 of the other big Telcos are losing market share those being Orange, Movistar and Vodafone while Euskatel and Mas Movil being the gainers. They have cancelled their football rights which were unprofitable so should be good savings. Line portability would be affected by Cov19 so they have done well to grow market share. Increased profitability should see increased dividends which ZEG has promised to pass on in full. The other day I was quoted 115.64 to buy. Now it is 116.8p and someone paid 118p this morning. Looks promising and I will be picking up more.
Started: Fallingknife1, 22 Jul 2020 11:16
Last post: Fallingknife1, 22 Jul 2020 11:20
* 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?
Started: Fallingknife1, 20 Jul 2020 23:47
Last post: Fallingknife1, 20 Jul 2020 23:47
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!