Eurodis Elect. Share Discussion Threads

[drichards] 07/9/2005 07:30

The worst risk is not taking one at all. Go after your dreams and goals but don't go it alone. Rely on this great find to help guide you through murky waters. This newsletter has unparalleled insight and an amazing track record. It helps you pick great shares that you may not have thought about before. It accomplishes this by emailing you when something worthwhile is on the move and worth mentioning. You will not receive any junk mail. Before you venture into those murky waters alone remember that you have something great backing you up.

[crt131] 07/9/2005 05:30

Yeah still here in Qatar. You can keep your 70 virgins though... much prefer an experienced lady ;)

Regards

CRT

[dyfiman] 06/9/2005 20:29

CRT.... save a tinful (meths) for me.
Are you still out there riding a camel to work and dreaming
of 70 virgins in Heaven??
Best regards to you and all

[crt131] 06/9/2005 18:59

Hey guys.. just want to thank you all for a great thread over the months. It was a great ride from end of January, but life must go on. See you for a shot of meths on the park bench!

[realcooltrader] 06/9/2005 18:52

Yep, much appreciated by me, for one. There is some kind of perverse masochism that draws me back....

[momentos] 06/9/2005 17:12

I am sure we are all written down to zero, but any info I find will continue to be posted here - I am sure most people want to know what happens to the company!

[galleon] 06/9/2005 11:57

mornin all..as i said..vultures and feeding frenzies - b......s! Wrote down to zero ANY other than that would be manna from Heaven!Move on guys.....lol

[momentos] 02/9/2005 09:34

AFX International Focus

AMSTERDAM (AFX) - TKH Group NV said it expects to reach agreement to buy part of the activities of Eurodis Electron PLC, which is in administration under UK law and has partly been declared bankrupt in The Netherlands.

If agreement is reached, TKH will take a stake in a newly established company, Texim Europe BV in the Netherlands, that will continue the activities to be acquired. The new company will focus on the niche products of Eurodis' line of products for the industrial sector.

TKH did not disclose any financial details but said it expects the new company, with approximately 50 employees, will 'in time' achieve 30 mln eur in annual sales.

The new company will initially concentrate on the Benelux and German markets, with its activities complementing the portfolio of Industrial Solutions within TKH's Technical Trading division.

[momentos] 02/9/2005 09:32

Dutch Distribution centre sold:

2 September 2005
De Twentsche Courant Tubantia

TKH neemt Eurodis over

Haaksbergen. De TKH Group denkt op korte termijn overeenstemming te bereiken over overname van het failliete Eurodis Electron in Haaksbergen. De groothandel die componenten levert aan de elekronica-industrie wordt voortgezet met 50 van de 180 werknemers. Het doorgestarte Eurodis gaat door onder de oude naam Texim Europe. De driekoppige directie van Eurodis neemt met een minderheidsbelang eveneens deel in het nieuwe bedrijf, dat niet langer 'bulk' wil verkopen, maar zich op niches in de markt wil richten. Eurodis wordt ondergebracht in de technische handelsgroep van de TKH Group, beter bekend als Twentsche Kabel Holding.


......


Dutch cable maker TKH Group, formerly known as Twentsche Kabel Holding NV, will take over part of the activities of the partially bankrupt UK wholesaler Eurodis Electron Plc for an undisclosed sum, TKH Group said on September 1, 2005 in a press release.

The activities to be bought include Eurodis' portfolio of electronic products for the industry sector.

If an agreement is reached, TKH Group will participate in the newly established company, Texim Europe BV in Haaksbergen, eastern Netherlands, that will continue the activities to be acquired. The new company will focus on the niche products of Eurodis' line of products for the industrial sector, TKH Group said.

TKH expects the new company, with nearly 50 employees, to grow to an annual turnover of 30 mln euro ($37 mln). The new company will initially concentrate on the markets in the Benelux and Germany.

[sharw] 30/8/2005 17:45

MuxDaPanza - precisely. Team A is leading Team B 12-0 with just a couple of minutes to go but professional ethics prevent the refereee from stating that Team A will win.

There are a few people on this thread who need to get real and remind themselves of the last official statement from the administrators:

"However, given the level of debt across the Eurodis Electron group, the Administrators do not anticipate, at present, that there will be a return to Eurodis Electron shareholders".

I wrote my holding down to zero and suggest you do the same. Of course, the administrators will welcome telephone calls because every minute they spend is more income. According to the documents I received from another company in administration, partners are charged at £275/hour (yes, that's half a million a year for 40 hours a week for 46 weeks), managers 170 to 195, other staff 25 to 135. Humph.

[muxdapanza] 30/8/2005 16:01

Because the liquidation process is not technically completed yet and as such they cannot formally state the bleedin obvious.

[dyfiman] 30/8/2005 16:00

Unless it's a wind-up, someone said something to someone before a phone call
was made to the administrators. So just asking what, exactly, was said.
Fair dinkum??!! Agree that there seems to be nix FA in the share out kitty for shareholders...... on the face of it at least.
Regards all

[nineoneone] 30/8/2005 15:52

exactly momentos... but why are the administrators not stating it clearly to holders that they will get nothing ? its quite wrong to give out the impression that there's even a small chance of a return. Unless they have a good reason to say so.

[momentos] 30/8/2005 15:47

Dont make me larf. Liquidation sale now....

Only extremely remote possibility is a structural (financial) reason which leaves some parent co assets untouched despite the insolvency of the subsidiaries. Very unlikely.

Pref holders get first dibs of GBP15m anyway. And thats after Mr Kahn & Co.s multimillion admin bill..

[nineoneone] 30/8/2005 15:38

Love to know why they wont rule out any return. From the face of it, its pretty obvious there will be no return so why the administrators wont rule it out is beyound me.

[dyfiman] 30/8/2005 15:32

Hi Stinger........ no point me ringing to get the same info as you!

but why did you ring them? Who told you what? All info of great interest.... not just to me but many holders that lost small fortunes on paper to date. Grateful for ANY detail. Regards.

[the stinger] 30/8/2005 15:28

No foolin dyfiman

Try ringing yourself - all they say though is that they will not rule out a return to shareholders. Some hope at least!

[dyfiman] 30/8/2005 14:40

Any chance of a little more detail...... that is, what they actually said and why you rang them in the first place. Did you ring on the off chance or as
a result of something someone said. If the latter, what was said?
Or might you just be foolin'????
Regards

[the stinger] 30/8/2005 14:17

There's inside talk of a return to shareholders!. Just rang the Administrators who would not dismiss this talk

Goodluck all

[galleon] 30/8/2005 12:57

...vultures and feeding frenzies....damn!

[mike012321] 26/8/2005 10:35

From Eaglet...

Fund Commentary

31st july 2005

During the past month the share price of Volex Group continued its rally following the successful fund raising and there was positive trading news from Systems Union, Glotel and Imprint Search & Selection. In what was a fairly quiet period for news, Deltron also announced two acquisitions.

The positive news was regrettably outweighed by weakness in the share price of Abacus Group and the demise of Eurodis Electron . The Harvey Nash share price was also particularly weak but we are hopeful that the recent appointment of Numis, as company broker, will help rectify this situation.

There were a number of partial disposals to reduce borrowings and these included Volex Group, Mears Group, Imprint Search & Selection and Robert Walters. As a result of these disposals borrowings have fallen from £21.7m to £14.4m.

It is quite possible that the prospect of lower interest rates will provide a boost to smaller company share prices in the months ahead. However, recent news confirming the weakness of consumer spending within the economy means that the right sector calls will be very important if we are to make progress in the months ahead.

Corporate activity remains a likely catalyst to unlock value amongst our companies although the exact timing of action remains unclear.