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Pin to quick picksJames Fisher and Sons Share News (FSJ)

Share Price Information for James Fisher and Sons (FSJ)

London Stock Exchange
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Share Price: 305.00
Bid: 296.00
Ask: 304.00
Change: 1.00 (0.33%)
Spread: 8.00 (2.703%)
Open: 301.00
High: 308.00
Low: 301.00
Prev. Close: 304.00
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SMALL-CAP WINNERS & LOSERS: Investee deals lift Zegona and Daily Mail

Mon, 29th Mar 2021 10:09

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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SMALL-CAP - WINNERS

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Zegona Communications PLC, up 32% at 124.50 pence, 12-month range 79.6p-138p. This 12-month high was hit earlier on Monday. Zegona investee Euskaltel SA receives a EUR11.17 per share takeover bid from MasMovil Ibercom SAU, a portfolio company of private equity funds KKR, Providence and Cinven. Zegona is the largest shareholder in Spanish telecommunications provider Euskaltel, with more than a 21% stake in the firm. MasMovil's offer of EUR11.17 per share in cash values Euskaltel's equity at EUR2.0 billion, equating to an enterprise value of EUR3.5 billion. This values Zegona's stake at EUR428 million.

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Daily Mail & General Trust PLC, up 9.4% at 935.00p, 12-month range 601p-997p. The newspaper publisher notes used car buying platform Cazoo Holdings Ltd will become a publicly traded company after agreeing a takeover by a New York-listed special purpose acquisition company. DMGT, which has around a 20% stake in Cazoo, may pocket USD1.35 billion as a result. The deal with publicly-traded vehicle AJAX I gives Cazoo a pro-forma enterprise value of USD7.0 billion and a pro-forma equity value of USD8.1 billion. Each Cazoo share would be valued at USD10.00.

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SMALL-CAP - LOSERS

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James Fisher & Sons PLC, down 3.1% at 1,155.52p, 12-month range 735p-1,522p. The marine engineering services provider will kick off the search for a new finance chief as Stuart Kilpatrick will leave the role before the end of April. Kilpatrick has held the post of finance director at the marine services company since December 2010. He will step down from April 29, the date of James Fisher's annual general meeting.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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