alpal
22 Mar 2018
Re: Top Trumps For 2017... I'm hoping for 4.5p but it does need the BoD to get on with doing it.Looking at Wexboy's post [30-1-17], it's taken the directors a year to admit they are a wunch of bankers and will now give us back some of our money
Ripley94
21 Mar 2018
Re: Top Trumps For 2017... Suspension 9th March 2018 .The last price 3.5 to 4.5 .. will anything like this be returned ? ( 17th Jan 17 .. 5.5p )To be fair the other Top Trumps..... IRL.. RMA.. VOF... APGN.. covered any loss here.
alpal
06 Feb 2017
Re: Top Trumps For 2017... Wexboy: Would you like to hazard a guess of possible amount per share available to shareholders on a liquidation?
Wexboy
30 Jan 2017
Top Trumps For 2017... Zamano (ZMNO:ID, or ZMNO:LN) (3.3%):Share Price: EUR 0.055Market Cap: EUR 5.5 MillionUnfortunately, with special situation/activist stocks, things can sometimes get (much) worse before they finally get better…as with Zamano, it seems. Since the UK/Payforit trading update – where management basically threw its hands up in the air, aghast – investors have tagged the business itself as (less than) worthless. Which is understandable, but a wee bit overboard… While smaller investors may have been puzzled by the apparent laissez-faire approach here of large stake-holders- who were maybe focused more on an eventual exit, rather than the day-to-day vagaries of the share price – I think that’s clearly no longer the case. While it should have accompanied the original trading update, in the end (albeit, two months later) management was forced to deliver an actual restructuring plan.Annualised cost savings of almost €0.4 million were announced, with more to come, to ‘allow the Company to continue to operate profitably into the future…whilst also protecting the Company’s existing cash position & shareholder value’. Crucially, all M&A discussion/activity has ceased, with the focus ‘on maximising shareholder value whilst continuing to explore options for further value creation’. Presuming both, Zamano now trades on a 0.75 Price/Cash multiple (vs. €7.3 million net cash as of end-Nov), and a substantial portion of this cash should now be available (logically, with acquisitions off the table) for a return of capital.But let’s not write off the ex-cash value here – after all, ZMNO’s survived plenty of industry changes & setbacks for nigh on 20 years now, plus it also managed to generate €2.5-3.0 million EBITDA pa for the last 4 years. Which suggests it can rebuild a profitable business again…except that would take time, plus a full management bench. A bird in the hand may now be more compelling – in fact, hopes for a sale could explain the radio silence re a new CEO. [Even if the company’s intangible assets were sold off piece-meal, and/or it was touted as a potential listed vehicle for a business wishing to IPO, I suspect significant value could still be realised in terms of the current market cap]. All options to ‘explore’…but to actually realise value here, investors need some timely decisions & implementation from the board. And while it’s a small stake, Farringdon Capital must be frustrated with a significant mark-down already on its new 9.0% stake (purchased from Pageant Holdings, and with little chance to exit unless they find another deep-value block buyer at an even worse price) – we can hope they provide fresh support/activism here.For this & other top picks, check/Google my latest 'Top Trumps For 2017...' post on the Wexboy investment blog.
alpal
30 Sep 2016
RNS Is Zamano now going down the drain?It seems the best would be to fold the company and return money to shareholders. But then the management would be out of a job. So, most likely, is that management will continue to spend available cash on themselves until it's all gone.Who thinks I'm wrong?
alpal
10 May 2016
CEO Would love to know what's behind the CEO's resignation.Unfortunately the BOD is still looking to spend money on acquisitions rather than return money to shareholders.
Wexboy
11 Mar 2016
Re: Dividend Hi alpal,See here: wexboy dot wordpress dot comYou can find my recent Zamano post/letter & contact details there - your shareholding & support are still appreciated, so please email me.Management keeps playing the same broken record here...focusing entirely on potential acquisitions, and completely ignoring dividends, better investor relations, share tender/buybacks, etc. Trouble is, that's exactly the same position they were in two & a half yrs ago, for example, yet today we have zero acquisition(s) completed, zero progress in the share price, and a significant decline in the company's Enterprise Value..!?Shareholder activism is the obvious solution, but unfortunately it can be a slow & difficult process of lobbying an often recalcitrant management to improve their investor relations & capital allocation strategy. However, there's clearly a lot of frustrated & discontent shareholders in the company, and a huge gap still exists between the share price & underlying intrinsic value, so there's a big incentive here to keep seeking more support & to keep pushing management to add value for shareholders.Regards,Wexboy
alpal
10 Mar 2016
Re: Dividend Good results now out but it seems the directors did not even think about a dividend.How does one get them to understand that shareholders expect dividends out of the profits?
alpal
04 Mar 2016
Re: Dividend Wexboy: Would like a dividend; how do I access your blog?
Wexboy
03 Mar 2016
Dividend 'Zamano – Time For A Dividend & Your Support…'If you're a Zamano shareholder & would like to see the payment of an annual dividend (equating to an 8.2% yield), check out the recent letter I sent to the board on the Wexboy investment blog.Cheers,Wexboy
The Millipede
01 Dec 2014
Re: Anyone here? Interesting company. Interesting history. Interesting share price.IMVHO.
