Eg Solutions Share Discussion Threads

[clarence beeks] 05/8/2005 14:36

Jaknife - were you in Dallas in 1963?

just wondered!

[clarence beeks] 05/8/2005 14:36

Finmac - LoL!

have you informed Maestro?

[shirishg] 05/8/2005 12:44

Post removed by ADVFN

[finmac] 05/8/2005 12:40

Htrocka
Book sound interesting, but has a freemason I can tell you that we had nothing to do with the demise Energis or any other company. They did it all by themselves unfortunatly. I lost a lot of money on Energis which I have now written off to experience.
Kind Regards
Finmac

[htrocka] 05/8/2005 09:37

....I`m currently reading a couple of books on the rise and fall of various banking institutions with their multitude of interlocking webs ranging from Rothchilds-Ambrosiano-City Livery Companies-Hambros-freemasonary-massonic lodges and their involvement in world events....let me quote you just one line from the present book....`The Hambros operation, like all others, stinks so high it would take a world`s supply of deodorant to supress the stench. But save your most powerfull air freshner for.....`
The BCCI bank was dubbed `the bank of crooks and criminals`.......so don`t give that ethics cr`p.

[finmac] 04/8/2005 08:53

Jackknife
Thanks for those kind remarks, and yes as far as the Energis situation goes. " The law is an Ass".
Regards
Finmac

[gerry2] 04/8/2005 00:07

51p Wraith

[51p note] 04/8/2005 00:05

finmac have you sailed to france this summer?

[finmac] 03/8/2005 23:56

I have not heard from Bristol Baz other than through the Energis Action Group
Regards
Finmac

[51p note] 03/8/2005 22:08

finmac is bristolbaz still working on your boat?

[htrocka] 28/7/2005 22:43

sounds like a dead certe to me.

[htrocka] 28/7/2005 10:23

What amazes me about this proposed `merger` is that both Lapthorne and Norman are respctively exellently trained, highly accomplished and Royal Chartered Accountants, both know what they want out of the deal and I`m sure could have come to some ammicable agreement(Lapthorne has already stated that `HE` is writing to stakeholders)...yet mi££ions in `commission` is being syphoned off by both JP Morgan and Rothchilds..... The Energis shareholders would have been more than happy to settle for this commission alone.

[kuchi] 27/7/2005 18:52

what happened to Energies pressure group?

[wayneb] 24/7/2005 16:23

Energis chief Pluthero to run UK arm of C&W
By Michael Harrison Business Editor
Published: 23 July 2005

John Pluthero, the chief executive of Energis, is set to take over as the head of Cable and Wireless's UK division provided the merger of the two telecoms companies goes ahead.

Mr Pluthero, who was chief executive of the internet service provider Freeserve before joining Energis, would also join the main board of C&W alongside its chairman, Richard Lapthorne, and chief executive, Francesco Caio.

C&W confirmed yesterday that it was in talks about a takeover of Energis, which is expected to value its smaller UK rival at about £700m. The talks have been taking place for several weeks and both companies have appointed advisers. C&W has hired J P Morgan while Energis, which is chaired by Archie Norman, the former chief executive of Asda and Tory Party deputy chairman, has retained Rothschilds.

A deal is still thought to be a few weeks away as the two sides haggle over price. Mr Lapthorne told shareholders at C&W's annual meeting: "We cannot be certain that a transaction will result and a further announcement will be made in due course."

A merger of the companies could kick-start the long-awaited consolidation of the UK telecoms sector, although an enlarged C&W would still remain a distant second to British Telecom, the industry leader, with at most 15 per cent of the business telecoms market.

The combined UK revenues of C&W and Energis are £2.3bn and a merger of the two businesses would bring together a roll call of blue-chip business clients, including the BBC, Tesco, IBM and the RAC.

A takeover of Energis would turn the UK into C&W's biggest single division, generating more revenues than its overseas telecoms operations combined.

Royston Hogarth, the managing director of the UK business, left about six months ago after C&W decided to appoint separate heads to run its retail and carrier-services divisions. The broadband business Bulldog, which serves residential customers and small and medium-sized businesses, is also part of C&W's UK division. Mr Norman and Mr Pluthero stand to collect £2m each from the deal if Energis is sold for £700m. But Mr Norman, whose relations with Mr Pluthero are said by some sources to have become strained, would not remain with the enlarged company.

Energis is controlled by its banks, which rescued the company from collapse three years ago and then installed Mr Norman and Mr Pluthero to revive its fortunes. Last year it made an operating profit of £116m on revenues of £720m.

The banks have been looking for an exit for some time but have had difficulty finding a buyer prepared to repay the £708m in debt they are owed. Some estimates put the potential cost savings from a merger of C&W and Energis as high as £150m, which would in turn suggest that any merger will be followed by job losses. The combined UK operation would have about 5,000 staff.

The deal would also give C&W the scale and geographic reach it needs to become a more aggressive competitor to BT, particularly in the business market, and justify expenditure in so-called next generation networks. C&W also believes it will be able to prevent Energis customers migrating to other networks because it will be able to offer them its own broadband services.

[htrocka] 24/7/2005 05:22

From yesterdays National papers more evidence is emerging of the banks greed with regards to the Energis `sale`. The banks are demanding the return of their `£150m `loan`made to the company prior to any sale...in effect leaving a cashless `shell`.....and still want £700m for the company.... this is turning into a major stumbling block. The unrest among the minority bondholders together with the greed of the banks may well put an end to any potential sale.


It would be rather ironic that a glimmer of hope for the Energis shareholders has now become dependant on the greed of the very banks that `saved ` the company in the first place.

[htrocka] 23/7/2005 21:22

ref JaKnife...I can`t quite remember when you first came on the scene...I can`t seem to recollect you being around in 2001....however, if you ask ADVFN to release the postings from the Energis site for the period that lead up to the administration order....you will find that the posters were full of information regarding the notices on Barclays dealing room floors regarding shorting Energis down to 1p...