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[haystack] 30/6/2004 12:49

It is more a case of that you are all wasting your time. Just move on/

[agincourt] 30/6/2004 00:33

Haystack - 12 Mar'04 - 10:16 - 4583 of 4583

"Don't forget that this is a BB, it is not real life. In fact it is more a form of entertainment really......."

"When I have sensible things to say about a stock I never post it on a BB. What would be the point? BBs are for entertainment and...."

[haystack] 30/6/2004 00:27

A thread just for all the no hope whining losers. You can now all club together and tell each other how hard done by you are.

[agincourt] 30/6/2004 00:13

I don't know why you feel the need to distort the facts so materially jaknife

[pawnseven] 29/6/2004 20:12

JakNife

What a surprise!

They'd be the same analysts who once valued Energis at £14bn - Yes thats £14,000,000,000. But now its worthless even thought it is a more stable condition than it was then. Do you really think these guys are impartial - they have an agenda and they always do. Somebody wants us to believe that its worthless - I wonder why!!?

It was only insolvent because of the accounting rules used - it had cash of around £15m and debtors owing some £150m - yet the judge said it was insolvent. Had he never heard of factoring?

The insolvency was a device used by the Banks to take control of a company with a failing management - and we can't really blame them for that (the Banks) they had far more at stake than we did.

They should now get on and settle with the shareholders as they must do if they want to re-float the company.

It's OK Jaknife we'll invite you to the party!

regards pawnseven

[bullishbuyer] 29/6/2004 16:04

Quite right FINNY

Bully

[finmac] 29/6/2004 14:35

Dear All, Good afternoon,
The problem with the deal that was done when they virtually iliminated the sharholders, was that most of the big shareholders (Pension funds etc)where also the bond holders.It is the small shareholders that where stiched up.
Regards
Finmac

[wayneb] 28/6/2004 22:06

pawnseven

I agree with you,but i think they will get round that as we do not have any claim against Chelys,the owners of the new Energis.I do wish there was something we could claim off them but i do not think there is,all the best

[pawnseven] 28/6/2004 21:39

wayneb

Yes he probably could/will! LOL Wonder where he is? Probably locked up in a jail in Portugal!

With reference to previous post - see link below relating to Listing rules section 12 this states that for a new listing on the LSE there must be no qualifications or doubts about the financial state of the company - I take that to mean - no prior claims to the assets, outstanding debts etc.

[wayneb] 28/6/2004 21:10

pawnseven

Maybe Kevin R Taylor (jaknife) could answer that.He normally has an answer for everything
Wayneb

[pawnseven] 28/6/2004 20:34

gruppe8 et al

Yes - I agree with the fat city cat comments but the City does have rules particular with regard to who and how companies join the main index. The Banks will want out before long, 2005 to judge by the comments in the press, The management will want thier bonuses and the company will probably want to raise more capital, as working capital if notheing else. The most likely way to do this is by re-floating the new Energis but to do that they will have to conform to city rules, ie a minimum of three trading etc etc. As far as I know they will not be able to list until all prior claims to the company have been settled. Otherwise how could new investors judge the worth of the company if there were outstanding claims from creditors/shareholders ie us!

Therefore sooner or later Chelys will come to the table to settle our claim. In my reading of things - comments welcome from any legal bods regarding stock market rules. regards pawnseven

[htrocka] 27/6/2004 09:57

...and a further piece from today`TIMES`... `Offcom, the the new telecom regulator along with Public Accounts Committee is to actively encourage consumers of BT ,,,,to switch... `....looks as if Energis have HMG blessing and backing for expansion ...... via BT customers...

[gruppe8] 27/6/2004 09:19

in reply to pawnseven.........the ft would not print anything derogatory against energis, lets face it its a fat cats paper there to look after them and not small investors like us, notice none of the large institutions that invested in energis are squealing, they have probably been sorted out nicely by energis why we lose the lot. john pluthero is just a slimey fat cat that knows too many other fat cats

[graham99114] 26/6/2004 23:37

pawnseven

what have ESAG got to do with it - I got the impression they have tried and failed

Graham

[pawnseven] 26/6/2004 20:28

Great news sounds like a really good company to me! So we were right to buy share in it after all - pity we got kicked out!!

This news could present a good opportunity for some PR about out situation. The FT is at the heart of the City and LSE and is read by everybody in those institutions.

Could ESAG contact the FT and get some publicity for our cause? There must be some young jouno's who would love a story like this. regards pawnseven

[graham99114] 26/6/2004 00:21

Top stories

23/06/2004
Financial Times selects Energis for secure data centre services
The Financial Times has selected Energis as its preferred partner for data centre services under a three year contract, it was announced today.

Energis will provide secure managed hosting services for FT's print and online systems, and internet connectivity for FT.com.

[gerry2] 23/6/2004 20:37

some of the new contracts :-





Energis wins Wanadoo contract

21/06/2004 by Sean Cornwell



Print | Email Colleague | Send Feedback | Read Feedback


Energis has confirmed that it has won a contract from Wanadoo to deliver an end-to-end broadband solution based on the new Energis ISPConnect broadband solution after announcing last week that it had made its first-ever profit of GBP10m on revenues of GPB745m.

The better figures were on the back of over GBP300m of contract wins and opportunities opening in broadband, local loop unbundling and IP convergence.

New contracts and renewals include Boots, Centrica, FT.com, Government secure intranet and the National Grid Transco, as well as Wanadoo.

This is the first time one of the UK's major ISPs has chosen a Datastream product as an alternative to BT's product, a move which augurs better for competition in the UK wholesale broadband market.

[raggedbull] 23/6/2004 20:33

Cable & Wireless fell 0.75p to 125.5p, Colt Telecom gave up 1.25p to 84p and BT Group retreated 4p to 192p as investors fretted about increasing competition among telecoms carriers. The worry was sparked by results from a resurgent Energis. The now privately owned company, which was on its knees in 2002, unveiled an impressive 21 per cent jump in earnings and boasted it had secured £300m of contracts so far this year. Analysts believe the phoenix-like recovery at Energis is bad news for its rivals in the telecoms sector.

[gerry2] 23/6/2004 20:31

Found this clip in todays independent :-




This is the clip from that link :-

"Cable & Wireless fell 0.75p to 125.5p, Colt Telecom gave up 1.25p to 84p and BT Group retreated 4p to 192p as investors fretted about increasing competition among telecoms carriers. The worry was sparked by results from a resurgent Energis. The now privately owned company, which was on its knees in 2002, unveiled an impressive 21 per cent jump in earnings and boasted it had secured £300m of contracts so far this year. Analysts believe the phoenix-like recovery at Energis is bad news for its rivals in the telecoms sector."

[efendi] 23/6/2004 19:06

Firstly, I would like to state that as an EGS shareholder I am firmly in the 'we was robbed' camp -- and always will be -- coz that's the way it was !!!

However according to my calculator even if the new EGS business were to be sold for £4 billion (yep that's £4 BILLION) the 7.5% club would only get 10p for each share !!!

Appreciate if someone can advise that I am pressing the wrong buttons -- thanks

Also on the topic of representation. There have been two recent cases, both to do with the arbitration process, one in England and one in Scotland and susequently tested in court. Each court held that there was the right to proper representation !! Think you were properly represented by the Grid at the administration hearing ??

Unfortunately I moved office recently and cannot find the note -- so cannot give the precise reference.

Regards

EFENDI

[bullishbuyer] 23/6/2004 07:58

Gosh that was a late post. What are doing up at that time of night.....you should be tucked up in bed!!

Bully