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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eurodis Elect. | LSE:ELH | London | Ordinary Share | GB0003100772 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.95 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
08/2/2006 14:24 | Is there basically no hope of any redress? Is all our money definitely a capital loss? If someone well-minded and helpful could reply in a concise, dignified manner, I'd be most grateful. | oxford blue | |
08/2/2006 13:32 | dear oh dear ! | jordaggy | |
08/2/2006 13:07 | Hello, as an ELH holder who bought ar around 8p (!), could someone give me a brief synopsis of the current state of this shower? Most appreciated. | oxford blue | |
27/1/2006 11:41 | Yes, the problem here is that the holding company can continue to exist after everything has been wound up. This happened to me with Aquarius (once quoted as AQG). This was in the hands of administrators years ago. They have now finished their work but the company continues to exist with zero assets and I received a notice of the AGM! | sharw | |
27/1/2006 10:52 | 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. | realcooltrader | |
27/1/2006 10:31 | 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. | sharw | |
27/1/2006 08:34 | sharw, thanks for the clarification, it's not something I've had to do in earnest before. Does IR notify the market, e.g. via RNS, or is the onus on the shareholder to enquire? | realcooltrader | |
26/1/2006 17:01 | realcooltrader - neither suspension nor delisting will give you a CGT loss. You will have to wait for the Inland Revenue to declare the shares to be "of negligible value" which they will do in their own sweet time! | sharw | |
26/1/2006 15:59 | It would be nice to know for sure though. I've got some GCT losses to realise! | realcooltrader | |
26/1/2006 15:31 | I'm not an expert, but there is a six month rule relating to results. The last ELH results were to the end of 3/05 so they have, in theory, to the end of 3/06 to publish results to 9/05. In any case, this is all hypothetical because the share is suspended (no Holly Bush, you can't buy them in the market) and the various comments from the receiver reported here indicate that there will be no funds available to ordinary shareholders so there is no way that the suspension will be lifted. In other words, whether suspended or delisted this will not be traded again. | sharw | |
26/1/2006 14:51 | Strange one though,,,i thought there was a 6 month rule where companies in this position had to de-list? Any thoughts out there | the stinger | |
26/1/2006 13:13 | Maybe they keep it listed as a warning to any new suckers tempted to buy such stupid stocks. | holly bush | |
18/1/2006 19:12 | lol galleon , how many times you wanted to remove it , but .... daren't! me too ! | mr.oz | |
17/1/2006 10:35 | Happy - and hopefully prosperous New Year to all losers of Eurodis....Thyanx sdtoot for the above link..only goes to support my previous observat6ion about " con men and vultures " ! I do think we were all unreasonably misled by the Board..but can see little to be done about it now. Why is the stock still listed? Its just a nuisance clogging up my screen! lol | galleon | |
06/1/2006 23:25 | Link to FSA final notice censure for anyone whos interested:- | sdtoot | |
29/12/2005 19:33 | Happy New Year all...... from one very broke Welshman. Trusted the Big Man... and he didn't pull it off. Stuffed men and some of you a lot more. Good luck in the New Year to you all. Regards. END | dyfiman | |
29/12/2005 11:31 | WHIZZSHINNGGG ALL A APPPY KRISTMUZ.....HIC.... Love Chainy , Cell 54 The Scrubs - where alcohol and food is free...Club Tropicana.....blah blah blah | chiansaw | |
26/12/2005 11:38 | A happy christmas and a great new year to all the old ELH alkis. Should bottle some of the spirit on this thread or perhaps create a new one ... the parkbenchers 2006 Id drink to that.. Hic Very Best SP | spurious | |
25/12/2005 09:41 | Happy Christmas everyone! Hope you are all doing better since the bad news came out. No where near to recovering my money yet, but back to making a few small gains again. Prosperous year to all, Barry | barrybaker | |
25/12/2005 08:31 | Just would like to wish all the ELH'ers a very happy Christmas. Join me on the parkbench for a seasonal and festive drink of vintage meths :) Good luck trading in 2006!!! | crt131 | |
23/12/2005 18:06 | Mike, I've already noted this to the FSA via e-mail - it would be helpful if all those holders of ELH who were basically lied to do the same, the link for correspondance is below. There's a belief that those who have orchestrated this collaspe will benefit from tax rebates e.g. those who pulled the plug - i would rather any money go to the FSA instead (fines) as we shareholders will definately now not receive a bean. consumerhelp@fsa.gov All the best | the stinger | |
23/12/2005 11:22 | Thanks for the links Momentos. I wonder if Eurodis were at it again in their interims. As Barry said in post 9501: "as far as I understood from the interim report, things were going to be a little tighter, but there seemed no imminent threat of bankruptcy" . The sequence was: 1 Takeover/merger talks terminated. 2 Bank promptly withdraws/reduces financing. 3 Eurodis promptly calls in the Administrator. I wonder if the FSA has had any complaints re Eurodis' interims. | mike012321 | |
10/12/2005 17:54 | As I read the article you would only have a case if you bought shares between Nov. 12th and Dec. 8th 2003. | sharw | |
10/12/2005 10:13 | Regrettably I think the issue was so long before the final collapse (Dec 2003) it would be difficult to take a successful action. Epecially as the placing occured later and full fact did come out. Later shareholders would appear to certainly be on weak ground. As stated in the Final Notice: "Since 15 July 2005 Eurodis has been in Administration. The FSA has received from the Administrators a statement of Eurodis' financial position to the effect that it has no means with which to pay a financial penalty." Dead. As a dodo. | momentos |
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