We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Eurodis Elect. | ELH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.95 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.95 | 0.95 |
| Top Posts |
|---|
Posted at 27/1/2006 10:52 by realcooltrader Thanks sharw, useful."The Inland Revenue says it will confirm over the phone whether or not a company appears on the negligible value list. Where shares do not appear on the list, it advises investors to send in their claims and each case will be investigated. Claims relating to insolvent companies are more straightforward. An Inland Revenue spokesman said:"Most claims for losses are accepted in good faith. If there is a query, we will check the status of the company with Companies House."" I haven't got time at the moment to ring IR, but will do at some stage. Companies House shows ELH PLC to be in administration as of 15/7/05. |
Posted at 27/1/2006 10:31 by sharw I haven't had experience of claiming this, but I think the onus is on you. Here's what the IC had to say on the matter (21/2/03):Investors face uphill tax battle Private investors shouldering huge losses from investments that have gone belly-up are facing an uphill battle to get their claims recognised by the Inland Revenue. Investment losses can be offset against capital gains tax bills. But claims will only be accepted if a company has been officially dissolved, or if the Inland Revenue recognises that the shares are of negligible value. The tax office, however, is notoriously slow to make such declarations. If a share is worthless but does not appear on the negligible value list, losses will not be granted. One investor who tried to offset a GBP30,000 investment in Bioglan Pharma has been told by Revenue officials that they do not accept he has made a loss. Bioglan Pharma went into administration a year ago and the investor has been unable to track down the current status of Bioglan. Bioglan's administrators, Ernst & Young, says the company went into liquidation in January. Unsecured creditors are unlikely to be paid off as the secured creditors are still in shortfall. The Inland Revenue says it will confirm over the phone whether or not a company appears on the negligible value list. Where shares do not appear on the list, it advises investors to send in their claims and each case will be investigated. Claims relating to insolvent companies are more straightforward. An Inland Revenue spokesman said:"Most claims for losses are accepted in good faith. If there is a query, we will check the status of the company with Companies House." Although claims for losses can be carried forward, they are only useful if the claimant's capital gains tax bill in a particular tax year is greater than the annual allowance of GBP7,700. |
Posted at 30/11/2005 15:09 by mike012321 Would guess the Accountants will be obliged to give an update at some point? Think it would have been helpful if Doug Rogers could have said more about Eurodis' demise.ELH's RNS of 14 July: It looks as if the bank pulled the plug on news that the takeover talks had terminated,or it was some coincidence. I wonder if Eurodis knew in advance it would do that; if so, there was no mention of it in their results. Lots of shareholders showed faith in Doug Rogers,including private investors as well as institutions like Artemis and Eaglet; you would think DR might have felt a moral obligation to give a fuller account as to how Eurodis foundered. I'd have found that helpful. They went into enough detail when they were seeking funds via placings and open offers! |
Posted at 25/7/2005 08:59 by kiwihope Just had a quick scan through the weekend posts. Some interesting points.I think an important point I would like to make is that everyone here accepted this was a high risk share. Why? Because eurodis was losing money, had moderately high debt and limited cash resources. With any company that means the clock is ticking and it's a race to see if profitability occurs before the money runs out. It certainly appears that eurodis lost the race. But that doesn't mean there was skulduggery or anything. I see it over and over again ... investors holding shares in companies they freely admit are high risk but then cannot accept that their gamble has simply failed. It seems that if the worst happens the company wasn't high risk after all and some unknown factor must have contributed. I don't mean to sound harsh, I certainly have lost money in this way also, but I think it's important to learn from these mega events. And it certainly is mega to some investors who had a large holding. Now I certainly don't want to sound like a know-it-all ('cos I'm not!) but for 12 months or so I had been posting about the risks with this share. The warning signals were there. I would say to anyone who has lost money in this company, don't blame the company, or DR, or the market or anyone but yourself. If you accept that, learn from it and move on then you've got a much better chance of future success. If however you continue to look for someone or something to blame then I'm afraid you'll probably end up in this situation again. |
Posted at 23/7/2005 16:19 by mike012321 Momentos,interestingJust seen this in today's Times...Peter Webb doesn't seem to be a shrinking violet(!) Pressac directors face rebel threat By Patrick Hosking A SHAREHOLDER revolt erupted yesterday at Pressac, the car components manufacturer, whose shares were suspended in. May. The value investors Peter Gyllenhammar and Peter Webb suggested that the directors were failing to look after the interests of ordinary shareholders and were paying too much attention to the interests of Pressac's banks. They have requisitioned a special meeting to oust three non-executive directors and replace them with two of their nominees, including George Wardale, the turnaround specialist. Mr Gyllenhammar and Mr Webb speak for 30.2 per cent of Pressac shares and say that they have the support of some other shareholders. Pressac had not made clear the reasons for the share suspension and a planned restructuring, the pair said. They also questioned whether a management bonus scheme was in investors' best interests. Pressac, once valued at as much as £260 million, plunged in value because of high debt and a disastrous move into mobile phones. At the time of its delisting, its value had shrunk to just £400,000. It is now planning asset disposals to repay about £50 million to HSBC and JPMorgan Chase. The rebels, in a statement, said: "The board seems to have failed to look after shareholders' best interests when entering into this agreement [with the banks]." Shareholders, they said, "have little left to lose". Pressac said that the board was cognisant of its fiduciary duty to shareholders and that the bonus plan was approved by its remuneration committee. Investors were urged to vote against the rebels at the special meeting on August 19. Mr Gyllenhammar and Mr Webb issued the statement through their respective vehicles, Union Investment Management and Unicorn Asset Management. Mr Wardale, who once worked for Slater Walker, helped to turn around Highland Spring and French Connection. The other nominee is Ewen Wigley, of Union. Shareholders are being asked to oust John Cohen, Sheridan Comonte and Philip Dobby.Union said Mr Comonte faced a potential conflict of interest because he was interested in buying Pressac assets. Pressac said safeguards were in place to protect investors' interests. ................. Different situation - Pressac is not in Administration and anyway can't see Webb publicly criticising the Eurodis management(?) After all,he was instrumental in putting Doug R in as Chairman! Artemis position might be different I guess, depending upon what happened exactly. |
Posted at 23/7/2005 09:36 by momentos It really is a situation involving all parties, not just Doug Rogers.He will go into a company and do a review of the current state of affairs. He will then put together a detailed recovery plan. These will form the basis of any investors risk assessments, I am sure the funds in both cases get access to far more detaied information that ordinary shareholders. It was not only Eaglet that chose to support the plan. For Eurodis, the funds made their choice to invest further on the back of this review / recovery plan. It didn't work, but given the bearing down on costs, working capital etc you can't say DR & Co didn't try their damnedest. That doesn't mean the review / recovery plan was necessarily wrong, I would have thought the issues of license loss and customer/creditor confidence were examined. Without being party to all those reviews and the judgements made it really is difficult to comment further. And without looking at the whole of Eaglet's portfolio performance you can't really call them as bad investors. For all the failures discussed above there may have been 5 other situations that succeeded and gave a storming return. It is, after all, their "Special Situations" fund. Note: DR was non-exec chairman at both Dowding & Mills and Eurodis. |
Posted at 16/7/2005 20:04 by fusebox Yes but look how many investors i have saved from idiots like you! The same happened with Ultraframe...a lot of potential investors thanked me.The same on Toad with a broker downgrade. The same with TFC you see i warned of Martell selling out...i did in fact get out before he did. TFC share price has never recovered! You are out of your league momentus and should be in the circus! |
Posted at 25/6/2005 11:48 by ed winchester A more detailed explaination.... it refers to Venture Capitalists acquiring a company, but can equally refer to companies acquiring other companies :Q. What is involved in the due diligence process for venture capital financings? A. Before investing in a company, a venture capital firm goes through a stringent review process to ensure that there are no skeletons in your corporate closet and that the perceived business opportunities are in fact real. The due diligence process generally focuses on two aspects: business diligence and legal diligence. The business due diligence process accomplishes several objectives. First of all, it is important for the venture capital firm to independently confirm your assertions about your company's product or service and the market itself. Thorough competitive and financial analyses will help investors gauge the risks they will be assuming and the potential return on their investment. If your business plan hinges on technology, the venture firm will also need to assess your technology to make sure that there are no flaws in or infringements on patents, for instance. If you are seeking later-stage funding, the venture firm will also contact key customers and suppliers to do reference checks. Industry experts may also be called on to discuss your company's potential. In addition, because the success of your company hinges on a strong management team, it is important for investors to gain a complete sense of the company and the key players. Background checks are not unusual and your culture, management approach, and decision-making and problem-solving skills will be judged. Legal due diligence is performed to ensure that all legal matters have been correctly and completely addressed. The firm's lawyers will request a comprehensive list of documents. See the sample due diligence checklists at AllBusiness.com. Because this is standard operating procedure, make sure that all your legal documents are in order and you are prepared for their requests. The checklist of requested documents will typically include: - Key contracts - Employment agreements - Minutes and consents of the board of directors and shareholders - Confidentiality and invention assignment agreements with employees - Corporate charter and bylaws - Litigation-related documents - Patents, copyrights, and other intellectual property-related documents. - Past financing agreements and shareholder agreements The due diligence process can be time consuming. It will involve multiple meetings and interviews with management, at both the investor's and your offices. Make sure you anticipate questions and requests particular to your business and you are well-prepared and have all the necessary documents organized. |
Posted at 19/4/2005 16:28 by ed winchester SAN FRANCISCO (AFX) - Texas Instruments Inc. shares rose 5.2% early Tuesdayas the world's third-largest chipmaker topped Wall Street's profit expectations and said its distributors have worked through an inventory glut of its semiconductors. The stock gained $1.20 to $24.12. Late Monday, Texas Instruments reported net income of $411 million, or 24 cents a share, compared with the year-earlier profit of $367 million, or 21 cents. The results beat Wall Street estimates by a penny a share. Revenue rose 1 percent from a year ago to $2.97 billion, just shy of expectations, as higher sales of chips used in newer, more-advanced cell phones were offset by weaker sales of chips for high-definition televisions and broadband equipment. Texas Instruments said its markets are improving and that it increased production of semiconductors during the quarter because it believes an inventory glut of those products that began last fall is over. "Our factory loadings are building, as the market environment is strengthening," CFO Kevin March said in a conference call. "Our inventory remains at desired levels . . . we're confident that TI markets are moving in the right direction." Orders for March and April were much higher than the past few months, fueled by wireless handset chips as well as its handheld calculators, company executives said. Sales of the firm's wireless products, which contribute about half of its revenue, rose 15 % from a year ago. The Dallas, Tex.-based company also managed its business more efficiently, cutting manufacturing and operating expenses, amid concerns that chip sales growth this year may not be as robust as some analysts have predicted. Analysts and investors uneasy The report came on the heels of a sell-off in technology shares last week that sent the Philadelphia Semiconductor Index down to its lowest level of the year on Friday. The market gloom was prompted by a disappointing earnings report from tech bellwether IBM Corp. and broader concerns about the pace of U.S. economic growth. Smith Barney analysts, in a Monday report published before the company released its results, lowered their 2005 financial targets for Texas Instruments and a handful of chip players on fears that the second quarter is likely to fall short of normal seasonal patterns. The brokerage firm cut its full-year estimate for Texas Instruments' profit by 9% to $1.08 a share and its sales forecast by 4% to $12.84 billion. Other data released last week provided more reason for pessimism among chip investors. U.S. personal computer shipments rose less than 3% in the first quarter compared to a year ago, less than expected, according to data issued Friday by the Gartner Group. Texas Instruments gets nearly a third of its sales from chips used in printers, hard drives and other PC-related gear. A fall off in PC demand may create a buildup in inventory which could hurt the firm and other chipmakers, as it did in 2004. Orders during the first quarter decreased $203 million from a year ago to $3.03 billion due to lower demand for semiconductors, TI said in its earnings statement. But the company's statement that its distributors had worked through the excess inventory and was ramping up to meet an expected rise in demand seemed to assuage investors. "We believe the inventory correction in TI's standard semiconductor products at distributors that began in the third quarter of 2004 is complete," Chief Executive Richard Templeton said in a statement. Texas Instruments forecast that second-quarter revenue would range between $3 billion and $3.24 billion, with earnings per share in the range of 25 cents to 29 cents. That's within the range of current analyst expectations. The firm is still wrestling with an oversupply of chips used in flat-screen televisions and high-definition TVs but said that glut should improve over the next three months. Last month, Texas Instruments trimmed its sales forecast, warning of sluggish sales of those chips. |
Posted at 18/4/2005 09:58 by ed winchester Edmond Jackson: buy the dips as caution resumesPublished: 08:35 Monday 18 April 2005 By Edmond Jackson, Columnist Does last week's sell-off mark the start of something more serious? Looks more like another buying opportunity as investor sentiment returns to more realistic levels. In recent weeks it has bothered me that investor sentiment has continued to be optimistic for such a long time. Ever since March 2003 in fact, when the war in Iraq burst investors' tension, the risk appetite of market participants has improved. But whether it is economic, political events or investor's confidence, in a dynamic financial world something is bound to change. So why didn't I ring the alarm bells early last week and urge you to sell? One key market valuation factor I have been considering is the yield differential between equities and long-term bonds, which continues to be favourable. Such a situation, on a global scale, is quite rare and in principle lends strong support for equities. Institutions can be expected to 'buy the dips' but obviously the timing of when they may do so has a large element of guesswork! I am presently inclined to regard market falls, as the inevitable volatility investors must be steeled for, but not an issue that long-term investors should panic about. The biggest risk in my opinion would be a sense of 'stagflation' about the US. This is when an economy stagnates at the close of a few good years' economic prosperity and inflation also increases. Since central bankers' number one priority is to limit inflation this means interest rates can still go up, even if industry squeals. The outcome is thoroughly unpalatable to investors. The main trigger of fear last week was a sense of a trend taking shape, for US second quarter company earnings to disappoint. If this coincided with a worsening economy here, with consumer sentiment falling as a result of tax increases and council tax rises after the general election it would mean a difficult few months. Enough investors would read events as confirming the adage of 'sell in May and go away'. Conversely, jittery financial markets and indications of economic slowdown would reduce the chances of interest rate rises. Perhaps the key issue is a general rise in uncertainty. For example, no one really knows how to anticipate oil markets (one key influence on inflation) as the commodities cycle generally is geared to the Chinese economy, itself very hard to predict. However, the current understanding is that the rate of growth in steel and oil consumption (and imports) has eased. Whether it is traders such as hedge funds or more conservative pension funds, speculative excess has built up in commodities markets; that is liable to reverse. We saw this happen quite similarly a year ago, amid doubts on China, although there is more froth now. Last week oil prices started to defy forecasts of a permanently high pricing regime, and cynics may justifiably say that when the consensus agrees on a 'new era' then it is time to be contrarian. Regarding the oil price, Goldman Sachs, the European Central Bank and International Monetary Fund all published bullish forecasts within roughly a week of each other. More positively, a 'super-high' oil price regime would be a negative effect on inflation and the growth of developing countries that are more reliant on oil at their stage of industrialisation than the advanced service economies of the US and Europe. So there is good and bad in the current big picture, the main problem being the rise in uncertainty behind anticipating trends. As ever, financial markets play their own role, influencing the real economy according to expectations and how central bankers (for example) react. It will be interesting to see if institutions do indeed buy into a widely anticipated markdown today. Private investors will be nervous, having digested a generally alarmist weekend press. The press always does well in a sense of panic, so you can expect it to intensify any fear. More positively, markets fell sharply last week and I notice these panics can sometimes be acted out in the media then markets 'ironically' rise. I suspect the uncertainties are too great this time around, but I am not currently a seller. The next few weeks and months will be an interesting test of the equity/bond yield differential, as an indicator of financial probability. As I said, currently it suggests 'buy the dips'. |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
