Professional
Added to YB: 2024-10-30
Pitch date: 2024-10-28
ZEG.L [bullish]
Zegona Communications plc
+422.62%
current return
Author Info
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Company Info
Zegona Communications plc engages in the provision of integrated telecommunications services in Spain.
Market Cap
GBP 4.0B
Pitch Price
GBP 2.85
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.74
P/E
-59.80
EV/Sales
2.27
Sector
Diversified Telecommunication Services
Category
special_situation
Show full summary:
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)