Ebiquity Share Discussion Threads

[clink] 18/10/2001 09:09

From today's FT :
'Video game retailer Electronics Boutique led the fallers in the FTSE 250 as shares fell 7 to 106p after the company's biggest shareholder, James Kim, sold his 18 per cent stake, about 66m shares. Kim's holding was placed by Credit Suisse First Boston at 100p per share'.
Hope this clarifies the situation.
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[errol6429] 18/10/2001 00:22

surely someone must know?

[errol6429] 18/10/2001 00:08

Has there been some bad news ? or what ?

[mcooke01] 17/10/2001 16:01

They are placing 18% of the companies shares at 100p. I don't understand exactly why this should affect the market price though, as these are not being sold in the market.

[billy ray valentine] 17/10/2001 15:59

Apparently it is EB in US selling off a 18% holding in EBQ.

[uncle-bob] 17/10/2001 10:10

Veto: Let me explain.

EB Nevada hold the stock in EBQ, NOT ELBO. EB Nevada is a private holding company run by the founders of ELBO. It is not a chain of retail stores. ELBO is the USA listed sister company of EBQ, which runs the stores in the USA. ELBO owns no stock in EBQ.

If EB Nevada dumped its shares it has nothing to do with ELBO's business in the USA. No sh*t is about to hit the fan. Some private individual probably wants some dosh, and maybe acted after the directors sold shares recently.

Shares are being amazingly resilient.

Rob

[clink] 17/10/2001 10:08

Bob - they were placed by CSFB at 100p, i have no idea of the mechanics of it but there were pretty big chunks going through at that price early on for us to see!!
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[witten] 17/10/2001 10:08

My guess is that EB Nevada have sold their stake and institututions have purchased the stake. The trades at £1 may look as though they are sales but bear in mind that these trades are put through with only commission. Dont worry, this will only be a temporary fall until all is clarified.

[veto] 17/10/2001 10:04

Sorry folks I think something went wrong there and the same message has been posted 3 times!

[wuggs_uk] 17/10/2001 10:04

I expect they are being placed with various people, but is being shown as a single sell trade of 66m, followed by lots of buy trades at the same price which in theory should all add up to 66m as well.

[veto] 17/10/2001 10:03

I hope they do not know something that we are not aware of.
They have reported weaker sales over in the USA and i hope that is not going to be indicative of the state of affairs to affect the UK.
However, what usually happens in USA tends to be mirrored in the UK some time later.
I hope the sh*t is not about to hit the fan!
Approx. 38% of issued capital of EBQ has now been traded and the price is down by about 11p when the market is actually over 100 points up.
What is going on????
If EBQ-USA have got out then is it about time we did the same?????

[veto] 17/10/2001 10:01

I hope they do not know something that we are not aware of.
They have reported weaker sales over in the USA and i hope that is not going to be indicative of the state of affairs to affect the UK.
However, what usually happens in USA tends to be mirrored in the UK some time later.
I hope the sh*t is not about to hit the fan!
Approx. 38% of issued capital of EBQ has now been traded and the price is down by about 11p when the market is actually over 100 points up.
What is going on????
If EBQ-USA have got out then is it about time we did the same?????

[veto] 17/10/2001 10:01

I hope they do not know something that we are not aware of.
They have reported weaker sales over in the USA and i hope that is not going to be indicative of the state of affairs to affect the UK.
However, what usually happens in USA tends to be mirrored in the UK some time later.
I hope the sh*t is not about to hit the fan!
Approx. 38% of issued capital of EBQ has now been traded and the price is down by about 11p when the market is actually over 100 points up.
What is going on????
If EBQ USA have got out then is it about time we did the same?????

[burntout] 17/10/2001 09:50

Does anyone know why over 124 million !!! shares have been sold in the last hour? Is this a concerted effort to scare everyone out? If so, it worked. I've sold mine. I was showing a good profit anyway.

[veto] 17/10/2001 09:48

I don't know the real reason but there have been some very large sales indeed.
Approx. 37% of the issued shares have now exchanged hands!
Most of these have been sold at £1.00.
EBQ is now about 11p down when the market is over 100 points in positive territory.
I hope the sh*t is not about to hit the fan????
Possible price war or profits warning to come???
Cannot figure it out!

[uncle-bob] 17/10/2001 09:47

ahhhh.. and they dumped them on the open market?!

[clink] 17/10/2001 09:44

they are now saying that the US sister company has sold its 18% stake so we can expect an rns to confirm if that is what's happened
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[wuggs_uk] 17/10/2001 09:31

so basically once we see 63million x2 trades at 100p its all done (63m in, 63m out)?

[father_paul] 17/10/2001 09:30

ELBO in the States reported poor sales last night:

Electronics Boutique Holdings Corp. (Nasdaq: ELBO) today updated its earnings estimate for the third quarter ending November 3, 2001. The company still expects to report a year-over-year improvement in net income, but at the low end of its previously issued estimate of $0.11 to $0.14 per share, compared with earnings per share of $0.06 a year earlier.

The company expects to report third quarter sales below previous estimates, with better than expected gross margins due to enhanced operating efficiencies and benefits from expansion of its pre-owned video game business. Citing delays in consumer purchases attributable, in part, to the events on and after September 11, the company anticipates comparable store sales will be in the negative single-digit range.

[uncle-bob] 17/10/2001 09:21

Wot placing? Can't see a mention of it.. Very baffled by a volume of 100m!

Should there be an RNS or something?

[blueflame] 17/10/2001 09:21

Sales now at 115m shares. All at 100p. Is this all to do with the placing?