Professional
Added to YB: 2026-04-30
Pitch date: 2026-04-28
ZEG.L [neutral]
Zegona Communications plc
-10.6%
current return
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. Sign up for the newsletter.
Company Info
Zegona Communications plc engages in the provision of integrated telecommunications services in Spain.
Market Cap
GBP 3.8B
Pitch Price
GBP 16.98
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.63
P/E
-57.12
EV/Sales
2.22
Sector
Diversified Telecommunication Services
Category
turnaround
Alluvial Fund Portfolio Holding: Zegona Communications plc
ZEG.L (holding update): Largest holding, shares up YTD on large buyback post fiber sale. Focus on revenue growth, margin improvement & monetizing non-core assets. Telefonica tie-up rumors persist but unlikely near-term. Trades at discount to EU telcos despite 2024-25 operational improvements. Trimming position for risk mgmt as it approached 20% of portfolio.
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