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EGS EG Solutions

112.125
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
EG Solutions LSE:EGS London Ordinary Share GB00B07XR777 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% 112.125 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Eg Solutions Share Discussion Threads

Showing 21851 to 21869 of 23325 messages
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DateSubjectAuthorDiscuss
13/6/2004
13:43
Energis Unhappy At BT Network Plan

Telecommunications company Energis has criticised British Telecom's ambitious "21st century network" plan.

Under the £2bn "21CN" scheme, BT plans to replace its network with one based on internet protocol (IP) technology.

It claims the move will help provide a better service to the carriers that use BT's infrastructure.

But Energis' concern is that BT is proceeding without consulting the carriers that pay to use its network.

Energis intends to have a single IP network, rather than a layered system to suit differing needs.

henry14
12/6/2004
10:15
The Times reports that NETWORK RAIL... is to be re-floated, if this finacial, loss making,money burning, bottomless pit makes it back to the stock exchange...then for Energis shareholders....hope springs eternal. The reason given for the re-float of NetWork-Rail being that the company would be more accountable under shareholders...(LOL)....undoubtedly it`s present administrators and bankers,ie, HMG, as in the Energis scenario, want a return on their money invested and probably just as in the Energis scenario, will no doubt hang onto a lion share of the re-floated company.
htrocka
07/6/2004
07:54
Losers. Get a life. Leave this alone.

Bully

bullishbuyer
05/6/2004
22:22
the demise of Energis was a combination of unfortunate factors...the Sion problem towards the end of the bubble being a case in point...however lots of people....America in particular, withdrew from the stock markets and pumped into property..(the pension problem was also a contributory factor).this helped fuel the present house spiral, however as interest rates climb,this cycle will end and a resurgance in the market place is expected to take place during the fourth quarter.As you say, hind sight is wonderfull...but history is a better indicator with respect to buying and selling shares...the election of an American President, the British Elections on the horizon...and as the inflation factors kicks in....the signs are looking good for a market revival....in the short term at least...this year, the `sell in may` adage is the biggest indicator of a volotile market later on in the year.Not so much a case of risk,,,more a case of when to go back in.
htrocka
05/6/2004
11:11
JakNife,
You are, of course, right to say that buying shares is a risky business. The one fundamental criterion is that the officers in charge of the business take the shareholders' interests seriously.
Both, at the stage of negotiating and announcing the financial backing upto 2007 and at the subsequent stage four weeks later when the company announced that they may breach the covenant, there were, besides the members of the board, internal auditors, external auditors and lenders involved.
The outcome was a complete screw up and the loss of shareholder value. Put an equasion mark between the two facts and ask, where was 'due care and diligence' on the part of all those players? Where are the British Institutions - both Government and private - whose sole job is to ensure 'fair game' in business and financial matters? The last question is, of course, rhetoric as we all know the answer!
Regards,
Bundle

bundle
04/6/2004
21:14
....and if memory serves correctly,Just before the`crash`, a well known National Bank shorted Energis down to 1p....makes one wonder if this was not `sailing close too the wind` as far a inside knowledge was concerned...?...then the moment they reached 0.9p...and the bank cashed in, trading was suspeded....timing was perfect to say the least.Even to this day I still believe that trading should have been suspended at the breaking of the covenant stage...however buying shares is a bit like buying a ticket in the lottery,it`s not so much a game of chance, as the winning numbers are `chosen` before hand...never the less, you`ve still got to be `in it to win it`...it`s not the rotating machine with the balls in that your competing against but the computer that determines the numbers before hand...not unlike the way the stock echxange works...the company determine fundamentals..the market makers dictate the share price...take British Energy for example..
htrocka
02/6/2004
21:50
JakNife
To what legal Counsel are you referring ?
By the Time the average shareholder knew what was happening ?
The Stable door was hanging off its hinges .

gerry2
02/6/2004
17:04
Leave it alone.

Bully

bullishbuyer
02/6/2004
17:02
JakNife,
No doubt you are familiar with the contents of Energis Plc's Annual Reports and other prospectus published by them between 1999 and 2002. Specially that which informed us just before Christmas (before the collapse) that the company had secured sound finance until 2007, then four weeks later they issued a statement that there was a danger of the company breaching their covenant? It was during that period when I bought a lot of Energis shares which promptly lost 70% of their value.

Please be kind enough to let me know where I could find any information released by the Energis board to the fact that they are up the creek and about to go down the tube? Even after the January 24th statement they asserted that the banks have full confidence in the company's business model and it is simply a matter of rescheduling the debt.

There are only to ways to go belly up in that situation. Stupidity or negligence. Both fall under the heading of irresponsibility.

One other point. How come that the owners of the business are not allowed to see professional reports concerning the behaviour of the officers of the business, involving the total loss of company assets?
Regards,
BUNDLE

bundle
01/6/2004
15:42
htrocka

How do you know I'm not directly involved? Well, you'd be wrong if you thought I wasn't. I was. 'Was' being the operative word. Time to forget the milk that was spilt. Time to move along and worry about things you can affect.

Don't spend the rest of you life being negative. Get a NEW life.

Bully

bullishbuyer
30/5/2004
04:32
Post removed by ADVFN
shirishg
29/5/2004
23:10
it`s difficult to `get a new life`...when a lot of your cash is tied up with Energis.....worry is all most of us have left,,,but don`t let this put you off making usefull and helpful remarks...all critisms wellcome.Just one curious point....if you`ve no direct interest in this thread as a shareholder, why are you posting...?....it`s not your concern...don`t bother yourself with matters that do not concern you....go to a My Travel, Marconi, Telewest or British Energy board...they need your advice...we don`t.This board was set up for agrieved Energis shareholders who believe they have been hard done by therfore we console ourselves in each others grief.Your comments are usefull...but un-wellcome......but there are some strange people that take pleasure in others misery...bullishbuyer for example....very sad, it`s not us that need a new life.......
htrocka
28/5/2004
17:09
the bottom line as I see it is that as in the British Energy scenario,whereby at the lowest point in it`s demise, the creditors initialy screamed for blood...but as the business gradualy got it`s act together with supermen parachuted in to take control, the bond holders, ie, the main creditors, found themselves in a strange dilema....in that the reconstruction plan had not as been completed yet the bonds had returned from 30% face value at the point of claiming the company for themselves to the present point in time whereby the reconstruction plan is still not finalised.... yet the bonds have returned to 115% of face value....and the greedy bondholders still want 92.5% of the company......and they`ve actually lost nothing. As a result the company had initially wanted the creditors to obtain 97.5% of the company...but in view of the bond recovery...the shareholders were granted a further 5%..(whoopy dah)...the reason I state this is that should Energis win the German counter claim that initialy sent the company into administration...then the original shareholder package should be reviewed....just as in the British Energy scenario....(not to mention that Patricia Hewitt states that in view of the fact that the above still requires judicial approval...she has threatened to re-nationalise Britiish Energy if she is opposed....this is democracy at work).........if the original Energis bonds reach par by the time of the proposed float...then a review for an increased offer to original Energis shareholders would be justified...this may be when the services and funds of the ESAG will be required...?
htrocka
27/5/2004
17:59
Thanks wayneb. So how much are the creditor's actually owed ?

Also, according to my calculator (which does not like to process too many '0's)if the business were to be refloated for £4 billion (yep four billion) EGS shareholders would receive about 10p (that's ten pence)per share.

(So I wont hold my breath for a refloat just now).

Unless anyone knows differently -- I'd be delighted to hear to the contrary.

efendi
27/5/2004
08:57
No,it all goes to the creditors so i've been told.
wayneb
27/5/2004
06:01
RE The Administrator's action in Germany agaist the the former owner of ISION. Anyone know IF this meets with any success would shareholders get anything -- after all don't they want around £500m back ?
efendi
26/5/2004
17:30
Ryanair Director joins Energis in Ireland
25/05/2004

Energis has appointed Conal Henry as General Manager for its operations in Ireland. The role sees Conal taking responsibility for growing the Energis business in Ireland.

Conal, 34, joins Energis from Ryanair where, as commercial director, his four main areas of focus were the company's online operation, Ryanair.com, call centre operations, ancillary revenue and new route development.

Prior to this, Conal was chief financial officer at Newco (a joint venture between AIB and Bank of Ireland). He has also held key roles at First Active where he was head of retail operations, Asda and Procter & Gamble.

John Pluthero, chief executive of Energis, commented: "We're building a solid and sustainable operation in Ireland. Our energies are concentrated on achieving best practice in customer experience and service delivery. Conal's broad range of experience will be invaluable in taking the business into its next phase of growth."

Notes for editors:
About Energis (www.energis.com) Energis is a technology-driven communications company. Our aim is to help the largest and most successful organisations and public institutions in the UK and Ireland achieve their business goals using technology. Our product portfolio embraces data, voice, call centre and internet services. Major customers include the BBC, Boots, Centrica, Wanadoo, Royal & SunAlliance, Tesco and the UK Government.

For more information please contact:
Paul Maguire, Energis, PR Director Tel: +44 (0)118 919 3499

robin godfrey
23/5/2004
13:49
one more comment on the proposed float....It just so happens that the £1.8bn is no chance number and just happens to be the required valuation to take the company onto the 100th position of the FT 100.Like wise YELL were also floated at a price so as to obtain FT100 status...and have since moved up to No 83. Cable and wireless,now No 72, actually dropped out and had to fight it`s way back,while BT, No 15, are moving into the alternative communication industry with a vengance, having just gained A £533n NHS IT contract....and will be the main competitors to Energis,however Ofcom , the new industry regulator has determined that their will be no dominant force in the market place with competition amoung the `big boys` as the driving force behind growth.Colt Telecom , valued at £1,095m are in 152nd possition, wheras a couple of years ago were in the mid 70`s position.The very fact that HMG have appointed a new regulator for the alternative communications industry implies that this is an important, expanding and serious business that requires government control.....to ensure that no one company dominates the market, hence the likes of B.T, Cable and Wireless, Colt Telecom. Energis...and undoutedly more to come, will all have to sing from the same `hymn sheet`..
htrocka
23/5/2004
13:44
htrocka - I'm with you. What a good and simple idea which gives us some recognition.
keithmakingston
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