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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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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 | |
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0.00 | 0.00% | 112.125 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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22/11/2004 21:07 | Energis spending money LONDON (AFX) - Marconi Corp PLC, the UK telecoms equipment group, said it won a 15 mln stg contract to supply network services to alternative telecoms carrier Energis. Under the terms of the 3-year deal, Marconi will run all of Energis' transmission, routing and access equipment. sd/cml | graham99114 | |
19/11/2004 11:39 | ref Truckertee....I got whisked away on holiday...however.Na | htrocka | |
16/11/2004 10:07 | Efendi I've said from day one that the real culprits here are Nat Grid. They boasted on their website of their £2.3B (yes billion) profit from floating Energis-yet effectively wrote off their remaining 33% holding in the company without as much as a whimper. Strange that a company which gloats over such profits would quietly fade into the background. I even wrote to them asking them to "lend" their 33% to the action group but received no reply. I wonder what deal was struck with the "new owners". Regards Tt. PS Don't bother enlightening us again with your wisdom Jak,we've heard it all before.You're either someone with too much time on his hands and privvy to more information than most or you're a paid scribe for other vested interests in our company. | ![]() truckertee | |
12/11/2004 08:20 | The Titanic captain ? "I may be gone a Long time ". Ice in the fridge . | gerry2 | |
11/11/2004 21:29 | htrocka, Wasn't the chap called Mike Grabiner? | ![]() adrian turner | |
11/11/2004 20:35 | JakNife....Correct me if I`m wrong, but the demise of the company began when the original CEO, can`t remeber his name, but I`m sure you`ll remind me, set up the ill fated Sion aquasition. The afore mention CEO then turns up at the head of Primera trying to buy the company from creditors and shareholders alike. The company made one mistake, the Sion aquasition. Your right about saying that I should not be in shares, for prior to the collapse, brokers and bankers (like yourself) were up-gradeing the company to a `strong buy`from £3.00 to £4.00 and some as high as £8.00 a share, yet when the stock slid right down to 1p, no one, I repeat, no one recommeded a `sell`. From information given on this board by yourself, one can draw a conlusion by inference that such info would only have been privvy to personel present at the recostructuring meetings. So exactly what is your interest in Energis, you don`t sound like a disgruntled shareholder therefore what motives have you for posting on this board, or it is just a simple case of `batting for the other side`? | htrocka | |
11/11/2004 19:52 | Good evening JakNife, If the banks were 'shocked and amazed by the speed at which Energis failed ...', when they had cast their expert eye over Energis before lending it money, you can now, I hope, understand the shock felt by the less well placed shareholders at the company's spectacular fall. I note that you now accept that the blame lies at the feet of .... management'. We will continue in our efforts to unravel that blame. Is there anything you would like to contribute to this? Very best regards, ADRIAN TURNER | ![]() adrian turner | |
11/11/2004 14:10 | As far as I am aware the £150m made available to Energis was an additional 'facility' to draw on, if required, to keep the company going -- for providing this generous facility the Banks, in effect, got the company. As I recall, Energis was already able to borrow up to £725m and was up to a total of around £650m. So the net increase was only £75m. I don't know if the 'additional £150m funding' has ever been used. What stopped Energis using the remain £75m of the original facility (and possibly remaining solvent) was it's failure to meet it banking covanents. I still don't know exactly what these were - but I suspect they included not walking on cracks in pavements. The covenents had, only weeks previously, been entered into. Yes, by the very same banks. Oh yes, and this is the clever bit is all the debt stays on the balance sheet !! Energis was therefore 'bought' with it's own debt. One has to admire sutch 'expertise' and 'gamesmanship' even if one does not like it. Setting aside the received wisdom that the board and management of Energis were not up to running a 'whelk stall' there remains the issue of an alledged £600 + fraud being carried out the the company. Any news on the Administrators action ? How can a business that was supposed to be worth over £600, within twelve months, be worth zilch ? Who set this deal up? Who provided due dilligence, advice etc. According to my calculator (which does not have sufficient 0s for this calculation) new Energis would have to be sold for over £4 billion (yes billion)for shareholder to receive 10p per share. Are there not circa 1700m Energis shares ? Perhaps Jack can put us right on all the above. I far as I am concerned a significant part of the market is akin to "an asset stripped hedge fund" (Railrail, British Energy, 'Scabby' Abbey, Marconi, Kcom, to name avery few) and that is why I am almost disinvested in equities and why the general trend among investors and institutions is in that direction. The rule always was that you invested for the long term, 20 years plus -- the problem being that the businesses cannot manage last that long. I do hope my sentences, spelling etc are OK. I did not appreciate these posts are a test and are 'marked'. My secretary normally does this sort of thing. Regards | efendi | |
10/11/2004 22:44 | I Hate bankers ? They remind me of Frengies off Star Trek . When I go into my local Bank almost every time the cashier says - " Have You seen our Financial Adviser Sir " I sware ! This must be there first rule of acquisition . I have to bite my lip . One of these days I'm going to answer . " Why Have they thought up some more hairbrained ways to screw more money out of Me . You can Fit the Expletives in yourself . | gerry2 | |
10/11/2004 21:44 | Cheers Kev...(sorry Jak) You sad pathetic investment banker. | ![]() stevi111 | |
09/11/2004 12:10 | POST REMOVED BY ADVFN | ![]() shirishg | |
09/11/2004 10:55 | so why did the banks pay £150m hard cash for this `hot-air`?.......for the banks to advance this sort of cash, they would have wanted, minimum at least, the equivelant in NAV..(net asset value).and as Primera, the asset stripping hedge fund, had offered the Shareholder 5p a share,(that , although the negotiations were still `on-going `...and not yet finalised at the time and we were not allowed to vote on) implies that the NAV existed...therefore 600m shares divided ...at minimum of the equivelant of the bank advance...implies a NAV of 25p a share....undoubtedly there was more in the pot....hence the long drawn out battle for control of Energis. | htrocka | |
08/11/2004 10:56 | just going through Sundays papers...and noticed that B.T are going on a spending spree in America to the tune of $1bn in an attemt to aquire an alternative telco....not bad for a company that once carried a £30bn debt...and after the largest rights issue in British Corporate history of £5.9bn the debt still stands at £8bn.......the banks didn`t bend over backwards to get hold of this one...but allowed the company to trade its way out of difficulty.......... | htrocka | |
23/10/2004 09:05 | more revelations from the British Energy debacle......(posted in view of strong parrallels to the Energis story)....`the valueless, non-qualifying shares that fail to make up enough volume to form a `new` share...are being snapped up by Evil Kinevil...and may still be negotiable in the future through the ofex market..The most distressing point to this whole scenario is that not only have the creditors ended up with the 97.5% of the company but that the bonds are still allowed to trade on the open market and are at presnt 75% above par....as in the Energis story...this has been a win/win situation for the creditors...and a lose/lose situation for the shareholders...in both cases the companies are going from strength to strength....having ejected its shareholders.`Yes`, as my financial adviser informs me....that shares can go down as well as up... and I was quite prepared for this possibility.....but no one informed me that a possibility exists wherey by the company itself could steal your shares from you.The main reason that Bondholders swung into action was because of interest payment dead lines could not be reached....we as shareholders did not receive any dividend payment iether...but never complained...Colt Telecom, on the other hand , are snapping up bonds at 50% par value....this makes the company, which is owned by the shareholders...the main creditor. | htrocka | |
22/10/2004 21:25 | Good Evening Folks Hope you are all well keep it up lads Regards Malcolm | finmac | |
17/10/2004 13:09 | Thanks wayneb | ![]() greyseal | |
17/10/2004 11:23 | More activity here, compared with the chelys site. | robin godfrey |
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