Professional
Added to YB: 2025-01-27
Pitch date: 2025-01-24
ZEG.L [bullish]
Zegona Communications plc
+257.67%
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 provides integrated telecommunications services in Spain. The company offers broadband, mobile, TV, voice, data, and other value-added products and services.
Market Cap
GBP 12.8B
Pitch Price
GBP 4.04
Price Target
6.12 (-58%)
Dividend
N/A
EV/EBITDA
11.38
P/E
-175.12
EV/Sales
5.81
Sector
Diversified Telecommunication Services
Category
special_situation
Alluvial Capital Management Portfolio Holding: Zegona Communications plc
ZEG.L: Zegona's Vodafone Spain LBO progressing well. Q3 shows stabilizing revenue, improved cash flow. Fiber asset sale on track for H1 2025, enabling debt reduction & likely large shareholder payout. Trading at <50% of est. fair value. Early-stage turnaround, complex financials mask value creation. Multiple catalysts ahead.
Read full article (1 min)