||EPS - Basic
||Market Cap (m)
Real-Time news about Euro.Telecom (London Stock Exchange): 0 recent articles
|chaneale: just lokked at the trades and yesterday there was a 250K buy in the morning ( I think and then steady selling, but in small amounts and didnt come any where near the possible buy in the morning!
Today there was an other possible buy, small then 2 buys and the share price goes down!
can we read in to this or not!!!!|
|chaneale: does anyone know when the results will be made public?
surley they cannot write down any more, all the bad news it out and surley we shoul datart to see this recover slowly?
It will be good to see how much of the debt they have paid off! maybe they will want to hold down the share price a bit longer if they pay off more debt and make the loss look bigger now so they can start with a clean sheet, the directors start buying and the way forward is north? maybe they will hold it down for a MBO or they respect the share holders that bailed them out of short term trouble with the right issue and we can ride the wave together!
|alexandrews: No real collapse in the share price as yet. The charts seem to be suggesting that it has entered a new short-term trading range 6p-10.5p (mid prices).
No investment advice intended.
|alexandrews: You seem to hit the nail on the head - "it has not looked very positive for the last 20mnths or so". Something of an understatement, some might say. I would say they have hit, or are very close to hitting, rock bottom as far as the performance of the company goes. From here, either the management grab it by the scruff of the neck and sort it out (which they seem to be trying to do, with support from RBoS), or it will go bankrupt (within the next 12-18 months?).
Here's a summary of the headlines that I made before buying a small amount in late August:
28/06/2001 Entered conditional agreement to divest its 80% interest in ET
Voice to Domain Dynamics (Holdings) Limited
28/06/2001 The Royal Bank of Scotland agreed in principle to provide banking
and debt facilities to European Telecom for the next 12 months.
28/06/2001 David McKinney (Group Managing Director): "The financial year
ended 31 March 2001 was a very difficult and disappointing one. In arriving
at the estimated losses we have had to take account of a significant level
of one-off costs and abnormal trading items. These include the impact of
the new ERP system which is now stable and operational, a major warehouse
relocation, reorganisation and restructuring costs, as well as the impact of
a rigorous appraisal of the value of our stocks and investments."
27/07/2001 European Telecom announced that it has agreed to sell its 50%
interest in Global Telematics plc to Thales IT & S Holdings Ltd; initial
consideration will be #6 million in cash payable at completion together with
the repayment of outstanding trade receivables owing to European Telecom by
As I said, I haven't researched them as thoroughly as I could have done, and more has happened since the above. I'm not focussed on the share price as much as on the actions and performance of the management - IF they can return the company to profitability, the share price will eventually reflect this; Mr Shuttleworth seems to give the impression that this can happen.
No investment advice intended.
|benson: EUROPEAN TELECOM BID RUMOURS
From Sharecast.com: July 26:
Shares in the AIM listed telecom group are 4.5p higher at 25p on rumours of bid talks with an American group. Market sources suggest that a US firm recently made a hostile approach which European's board was trying to turn into a friendly bid at a premium to the current share price.|
|master rsi: The share price may be at its low, and could have a sudden burst up,but there are two negative thing out there at the moment.
The announment of moving to AIM, and Canada Life still offloading its stake now below 3%, I think yesterday sale of 2X70.000 was from them.
So trade cautiously for the moment, I am tempted but I will wait for a while.|
Euro.Telecom share price data is direct from the London Stock Exchange