Professional
Added to YB: 2024-10-30
Pitch date: 2024-10-28
ZEG.L [bullish]
Zegona Communications plc
+309.94%
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 10.1B
Pitch Price
GBP 3.22
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.46
P/E
-27.45
EV/Sales
6.16
Sector
Diversified Telecommunication Services
Category
special_situation
Alluvial Capital Management New Position: Zegona Communications plc
ZEG.L: Telecom turnaround play. Ex-Virgin execs buying Vodafone Spain for €5B, 94% financed. Plan: replace bridge loan, cut 1/3 staff, form fibercos w/ MasMovil & Telefonica. Expect lightly-levered, vibrant Spanish telecom w/ improved margins & customer growth in 2-3 years. Multiples of purchase price potential.
Read full article (2 min)