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Pin to quick picksZegona Com Share News (ZEG)

Share Price Information for Zegona Com (ZEG)

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Share Price: 278.00
Bid: 276.00
Ask: 284.00
Change: 8.00 (2.96%)
Spread: 8.00 (2.899%)
Open: 284.00
High: 284.00
Low: 276.00
Prev. Close: 270.00
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SMALL-CAP WINNERS & LOSERS: McColl's Retail sinks after fundraise

Fri, 13th Aug 2021 11:16

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

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SMALL-CAP - WINNERS

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Zegona Communications PLC, up 1.1% at 149.68 pence, 12-month range 93.00p-150.00p. The media investor says that it plans to return GBP329.3 million to shareholders via a tender offer, after the sale of Euskaltel SA. Under the tender offer, shareholders can sell up to 98% of their shares at 153.50p each, which is a 3.7% premium to Thursday's closing price of 148.00p.

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SMALL-CAP - LOSERS

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McColl's Retail Group PLC, down 5.1% at 20.50p, 12-month range 20.00p-40.80p. Shares in the convenience store operator hit 12-month low on discounted share placing. Says it has successfully raised GBP30 million as it looks to invest in its store estate and boost its partnership with grocer Wm Morrison Supermarkets PLC. McColl's places 150 million new shares at 20.00p each. The price represents a discount of 31% to the closing price of 29.00p per share on Wednesday. The GBP30 million raised is only marginally short of McColl's existing GBP33.4 million market capitalisation. Morrisons shares were up 0.5%.

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Wheaton Precious Metals Corp, down 3.3% at 3,065.00p, 12-month range 25.16p-3,137.00p. The precious metal mining investor late on Thursday maintained its full-year production guidance after reporting surges in revenue and profit in the second quarter. Wheaton made revenue of USD330.4 million in the second quarter of 2021, up 33% year-on-year from USD248.0 million. Pretax profit rose 64% to USD165.2 million from USD101.0 million. "Wheaton once again delivered strong results in the second quarter and remains well on track to achieve 2021 guidance of 720,000 to 780,000 gold equivalent ounces," Chief Executive Randy Smallwood said.

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Stock Spirits Group PLC, down 0.5% at 383.22p, 12-month range 190.20p-391.05p. Shares had jumped 44% on Thursday. Stock Spirits said on Thursday it accepted private equity firm CVC Funds's takeover offer of 377.00p per share, representing a premium of 41% on the stock's 268.00p closing price on Wednesday. The takeover is expected to complete within the next three to six months, CVC said. Berenberg cuts the distiller to Hold from Buy and lowers its price target to match the offer price.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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27 Sep 2019 12:15

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27 Sep 2019 11:25

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27 Sep 2019 11:23

Zegona Communications' profit jumps following strong investee performance

(Sharecast News) - Zegona Communications on Friday reported a jump in profit before tax after a successful period for its Spanish investee company, Euskaltel.

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2 Aug 2019 14:28

Zegona Comms Proposes 2.5 Pence Interim Dividend From Euskaltel Payout

(Alliance News) - Zegona Communications PLC proposed a 2.5 pence per share interim dividend Friday as it continued to distribute 100% of dividends received from Spanish telecommunications firm SA

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11 Jul 2019 14:17

Zegona Making Progress To Return Euskaltel To Growth

(Alliance News) - Zegona Communications PLC said on Thursday it is making "significant progress" in its plan to return telecommunications company Euskaltel SA to growth.The on was

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3 Jun 2019 16:11

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25 Apr 2019 13:44

Zegona Communications Swings To Profit On Euskaltel Income

LONDON (Alliance News) - Zegona Communications PLC reported a swing to a profit in 2018 following a sharp rise in income from its investment in Spanish telecommunications firm Euskaltel is an that

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11 Feb 2019 14:31

Marwyn Asset Management Lowers Zegona Communications Stake (ALLISS)

LONDON (Alliance News) - Zegona Communications PLC said Monday that Marwyn Asset Management Ltd has lowered its stake in the company to 18.9%.Prior to the deal, completed on Monday, Marwyn

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14 Jan 2019 18:00

UPDATE: Marwyn Value Subscribes For GBP10 Million Of Zegona Placing (ALLISS)

LONDON (Alliance News) - Marwyn Value Investors Ltd said Monday it subscribed for GBP10 million of Zegona Communications PLC's GBP100.5 million placing.Shares in Marwyn closed down 0.8%

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