Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video 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.
Wish I had a "stink bid" in to pick up those sells at 3.25 when 4.80 cash will be returned ! Weird why someone would sell like that. Are the MMs trying to collect cheap shares? Are those real trades?
Yes , the beautiful thing about this RNS is that £0.048 will be returned AFTER all expenses are shifted into the private company. The Shell company or PLC has no overheads, not even a board of directors. And all the while, the clean cash shell will be very appealing for an RTO - which they say they will continue looking for.
Correction looks like it is 4.8p to be returned the RNS was in Euro's
Better than I had hoped 5.3p return to shareholders within 6 months, still seeking opportunities but only if they add more value. Theoretically the share price may bounce above cash given the possibility of a deal, who knows but 5.3p seems locked in. Not bad given a SP of 3.75p currently.
Just to correct below 4th sentence - NET payables (payables minus receivables) was £1,060,230, and this is in sterling terms
Ok so they're close to selling off the business for £1 plus having to give cash with that to cover the fact that its not a cashflow positive (not positive enough anyway) going forward. So using the only figures we have which are year end figures: The business receivables and payables would be taken by the firm. At year end 2016, payables were £1,060,230 So lets say Zamano shift this net payables off their balance sheet but it costs them £1,100,000 to do so - then it becomes a pure cash shell of NAV £0.0526 If they leave £1,500,000 with buyer ( and buyer assumes the net payables position) then NAV is £0.0486 Even if they leave £2,000,000 with the buyer , then NAV (remember net payables position is gone) is £0.0436. Its looking positive for a gain for those picking at these levels but the all-important questions are Whats the bank balance now? Whats the amount of cash they'll have to give the buyer of the net payables position? Only when they start leaving more than £2,500,000 with the buyer, does NAV begin to fall under the current share price.
Shares in issue 99,451,244 Share Price £0.0400 MCAP £3,978,050 Cash £6,333,945 €7,157,000 Annual results 2016, Cash per share £0.0637 £795,609.95 Discount to Cash 37% (in euros below) 2016 receivables £2,598,360 2936000 2016 payables £3,658,590 4134000 cash to leave with buyer of mobile business £1,000,000 Current NAV £0.0430 IF THEY LEAVE EVEN A MILLION QUID IN THERE! (which they wont)
no doubt only reason they released today was because it would get discussed at AGM today! so payables and receivables position goes with buyer. Even if they leave £1,000,000 with buyer, then NAV still £4.3 pence!
If they offload the non cash generating business it will leave them as a shell company with a decent level of cash. I am hoping for them to inject a new business into the Co and return some cash. They are being extremely cagey with their market releases, they have not informed of the current cash position nor if they do have a plan other than returning cash to shareholders. I am hoping the reason for the above is due to the fact they are doing some deal in the background, no doubt we will get some idea by the market reaction after the AGM.
Zamano close to selling its remaining non-cash generating business. To do so they must give cash also to offload it . But as current liabilities were greater than current assets at year end , the buyer is taking the current net liability position too. Cash is about 6 p and share price here is 3.8p. Zamano can afford to leave cash and still return higher NAV than current share price . Total NAV , including the net liabilities over net assets is 5.3 pence . I'm still banking on 5 pence back to shareholders . Zamano released today's news id say solely to be abl to talk about it at today's AGM
Yes Rifteastafrica, As in its 31st. March final results, ZMNO stated that " ... a decision is expected to be made during H1 2017", we are now over a month overdue. However, ZMNO's recent recovery to 3.9p is a bullish sign. And ZMNO's AGM on Wednesday could provide a timely opportunity to update the market.
WHy are they so quiet? They're an activist investor who bought at time when SP was £0.05
SShares in issue 99,451,244 Share Price £0.0400 MCAP £3,978,050 Cash £6,333,945 €7,157,000 Annual results 2016, Cash per share £0.0637 £795,609.95 Discount to Cash 37% (in euros below) 2016 receivables £2,598,360 2936000 2016 payables £3,658,590 4134000 liquidation and orderly wind down net costs £300,000 Estimate Discount to Net + working capital 25% Current NAV £0.0530
Come on lads get your fingers out and return at least £0.05 NAV to shareholders. No deal / RTO has been good enough for you, so send the net cash back to shareholders. Share price being 30% below NAV shows big lack of faith in your abilities. AGM - 11.00am on 9 August 2017 at the Conrad Hotel, Earlsfort Terrace, Dublin 2
The Board is currently considering alternative options for the Group beyond the cessation period for existing operations, one of which includes a liquidation and distribution of the Group’s net assets to its shareholders. No decision has yet been made by the Board over the Group’s strategic options; however a decision is expected to be made and announced during H1 2017. There you have it - so any day now, given 1 month of H2 is already behind us The NAV here at 31 December was £0.053. Share price now is £0.04
Have an order in at 4 pence. Disheartened investors, or tired bulls, please be aware there is a market to sell to me a 4 pence. Thanks
Great Post HawaiifiveO. Huge upside . Not without risk though. Risk of slow turnaround, risk of unseen overheads coming into the wind down etc etc. But we can see there are really no shares available in volume below 4 pence right? Tell me, do you think you'd ever go profeshnel or are you happy enough wit the teachin?
If they do retain some cash and inject a new business after returning £3m (3p a share) to the shareholders there may be significant value ahead. Take the example of EME, albeit an energy company, they returned a large slice of cash to the shareholders after selling their main asset, they retained a around £2m. The shares post cash distribution were around 2p but within a few months they hit 14p over excitement over a new acquisition. I think investors are ignoring the possibility that the Directors could inject a exciting new business into ZMNO and still return 3p+ a share. There may be significant upside here IF there is a plan ahead. The recent nosey buying could suggest a few in the know are adding or buying in.
Jolly - NAV (cash + receivables - payable) at year end was £0.053 Allowing £300,000 for an orderly wind down of the mobile business gives NAV of £0.05 The rumour is they're going to leave £1-£2 million in Zamano to float another business into it. They would only do this if they thought it would be NAV accretive. I think £0.05 between cash back and share of new vehicle is the minimum we can expect. Shares in issue 99,451,244 Share Price £0.0375 MCAP £3,729,422 Cash £6,333,945 €7,157,000 Annual results 2016, Cash per share £0.0637 £745,884.33 £0.0257 Discount to Cash 41% 0.68 euros 2016 receivables £2,598,360 2936000 2016 payables £3,658,590 4134000 liquidation and orderly wind down net costs £300,000 Estimate Discount to Net + working capital 29% NAV after oderly wind down £4,973,715 £0.0500
£5m/5p isn't too ambitious imv (given the net cash)...and what value for the shell listings?
But thats where value lies - where there's no movement or interest, and lots of cash
Get in! AGM soon. Cash back coming to shareholders. 42% discount to cash currently
A few trades here in last two days, paying the ASK price and higher. Remember 30% discount to NAV value here AND 42% discount to cash at year end, although apparently they're negative cash flowing it now, to wind down business lines. Rumours are: a Return of cash to shareholders plus maybe €2 million staying in and re-floating another business. Just wish they'd hurry up ZAMANO PLC ANALYSIS FX Rate GBP / EUR 0.895 Shares in issue 99,451,244 Share Price £0.0375 MCAP £3,729,422 Cash £6,405,515 €7,157,000 Annual results 2016, Cash per share £0.0644 £745,884.33 £0.0264 Discount to Cash 42% 0.69 euros 2016 receivables £2,627,720 2936000 2016 payables £3,699,930 4134000 Discount to Net + working capital 30%
price...
hurry up and return cash!