Regarding my analysis on Zamano PLC, regulatory changes forced Zamano´s management to close down its business earlier than I anticipated. The recent sell-off drove shares down to a level where the companies (anticipated) distributable cash exceeds market value by a significant margin of safety. Nevertheless, this statement is provided on a stand-alone valuation based on…
Zamano PLC – Special situation value opportunity
Summary Zamano PLC is an event-driven value opportunity, through excess capital distribution and significant cash earnings power in the short- to mid-term. The company is an Ireland-based provider of messaging gateways, payment services and marketing campaigns for mobile phones. Zamano is offering its services in Ireland, UK and Australia. With its main revenues generated in UK, the…