Eurodis Elect. Share Discussion Threads

[edward3] 15/7/2005 13:38

I suppose that is the best way to look at it... and if we do get anything back it's a bonus .... :-(

[momentos] 15/7/2005 13:35

Agreed, Chian / ian I have written off already also. My trading spreadsheet now has a big red bit.

At least now the only way is up!

[farsight] 15/7/2005 13:30

I've still got my Redac shares, dyfiman.

[ianturner] 15/7/2005 13:26

Sorry to say I am with u Chain another day another dollar.

[edward3] 15/7/2005 13:19

chain lets not write it off just yet............i cannot believe your so calm , i nearly downed a bottle of whiskey last night and to make it worse i've not told the misses yet...

[chiansaw] 15/7/2005 12:55

Girls, girls ,girls

Not looking good - Ive written it off - the only chance is ELH surprising us with renewed credit facilities - and pdq needed too.

Would expect end of next week to be 'final nail' time.

[dyfiman] 15/7/2005 12:49

Lottie...... just caught up with your "invitational" post..
can't get north so, as a cosmopolitan type you can drop
into the shop, on your way back to the dyfi Valley, at 7 Glebeland Street, Merthyr Tydfil.

[nonlottie] 15/7/2005 12:43

Dyfiman

You're quiet all of a sudden......Have you gone in from the playground for lunch........

If you don't make it to the Wynnstay by 3pm August bank holiday Monday ( I'll be there from 12.30) I'll pop into the Milk Bar in case you're there

[momentos] 15/7/2005 12:31

News spreading...

[momentos] 15/7/2005 12:25

re: Revised Finance.

As a (currently uninvolved) bank I wouldn't touch this with a bargepole especially given the Philips situation. Lloyds offer facilities based on German receivables, so are a possible - if they are willing to "throw good money after bad".

NMB Heller were the previous providers, now part of GE Commercial Finance. I can't see them wanting to step back in either.

THe only options appear to be to

1) Get bought, and pdq.
2) Renegotiate with Burdale.
3) Go into administration.
4) Flog somesting to get some cash - but they dont have much to sell.

Not looking good.

[nonlottie] 15/7/2005 12:19

Momentos

Can't agree more. An announcement like this would be the last resort. Every competitor in the world's salesmen will be waving it around to customers and suppliers. Board did a good job before of keeping everything positive but ..................it's a different game now......the vultures will be circling

[dyfiman] 15/7/2005 12:16

Realcooltrader......... re. Redac......you did well at 20%. We
live and learn, eh?!

Veryquick..... I'd like to think you are right,
but it's an overly optimistic view at the moment. Little we can
do now apart from wait.....

[ianturner] 15/7/2005 12:16

Knowing.
IMHO he wasnt on hols but trying to refinace.
He definitely didnt send me a post card "Wish You were Here"

[nonlottie] 15/7/2005 12:13

No need to be concerned. I'm quite happy extending an invitation to you Dyfiman. I'll be there so why don't you just turn up. The venue is quite appropriate for a first meeting.My current residence is a tad inconvenient unless you're also a tax exile. I have no preconceived ideas and look forward to meeting with you. It's down to you. I'll even buy the first half gallon if you like. Always been keen on redistributing the wealth to the unfortunate.We'll recognise each other by Eurodis Accounts..............I'm looking forward to it.

[knowing] 15/7/2005 12:12

Why would the CEO go on holiday if he knew the company was is serious trouble ? Does that make sense ?

[very quick] 15/7/2005 12:12

Anyone care to share their views on my points?

[ianturner] 15/7/2005 12:11

TS I agree completely.
We have at the outside until Wednesday.
Realistically u can write off the stock value from the accounts unless they
resume trading.
If they do resume trading i believe suppliers are going to renegotiate credit
terms, which will put even greater strain on their cash position.
I am a holder of >1.6 mill of these at 1.88 so less than happy.

[very quick] 15/7/2005 12:10

If this was my company< do you really think that after years of hard work i would just let my company go down the pan without a good fight? I'm sure the ELH board will be doing everything possible to save this company. And i'm optemistic that this will come back from suspension with new finance in place, if not another bidder in the pipeline. My guess is that the last bidder pulled out as the board was asking a to higher price per share and my guess was that the board wanted over 5p so perhaps they will have to rethink and perhaps take between 2.5 and 3.5p. LOL?

[dyfiman] 15/7/2005 12:05

Lottie.... puss, puss, puss......

[the stinger] 15/7/2005 12:04

Although easy to say - you never know guy's, there may be another party willing to jump on board now. If another party is willing to jump in it will happen before Monday, after that things wont look promising.

Goodluck all

[dyfiman] 15/7/2005 12:03

Come on, lottie.......

[very quick] 15/7/2005 12:03

I agree with Galleon. I think it was a good move by the company to suspend trading in ELH, had they pushed out the news at midday. The share price would have gone down like a shot, due to the panic selling. And yes i find it odd that the share price rose 5% yesterday before the RNS. IMHO i think ELH does have a plan B and all is not as bad as it seems, and suspension is not always bad and in this case it was wise to protect the share price as further developments are been worked on.