Eurodis Elect. Share Discussion Threads

[keepitup] 16/7/2005 01:21

momentos - 15 Jul'05 - 18:43 - 8936 of 8945

"Good chart above, its gone off the bottom. Says it all."

very funny!! it really has gone off the charts!! LOL!!


seriously now, sorry to hear the bad news. its only money and now you have a story to tell. Good luck and try not to worry about it to much.

[quraishim] 16/7/2005 00:13

drewz............yes it was then on the 6th.......then the takeover talk was announced..........i had a holding of 500k at average of 1.03p but what made me spook up was that there was no massive buy on the annoucement of talks with a predater but sequence of events was opposite to what i expected..........25% increase on the day of annoucement and then it was slowly creeping back to under 1p by block sales by instituitions which led me to sell all my holding last week and took a small loss to invest in NWD in which I gained 65% profit in a matter of three days..............it was my lucky star that I sold ELH as I wanted to release some funds for another opportunity......no skill on my part it was pure luck......my heart felt sympathy for holders of ELH as I did not expect we will go down this road.

[drewz] 15/7/2005 23:30

drewz - 6 Jun'05 - 14:09 - 6529 of 8942 edit


Still going down?

I told you in March it would. Should have followed me out at 3p as I suggested.

Dear oh dear.

quraishim - 6 Jun'05 - 14:13 - 6530 of 8942


drewz.....its going up now, today was the bottom. I Sold at 3p in March.......bought back today and more to cover 500k....just under 1p


Blind faith in a dog of a share with a history of disappointment never was a very sound investment principle to follow.

[adnatrob] 15/7/2005 22:40

Nonlottie,
I have lost a considerable wedge on this one, but what bothers me and people like me more, is the loss of the potential we would have made if the merger had gone through. Like you say, you can sit on the side lines, but you are never going to make serious money that way. I have learned from this experience, but it will not change my attitude to risk.
This is not a dig and I wish you well with your investments.

[momentos] 15/7/2005 20:27

OK who wants it? Bidding starts at £1. No takers then we break it up...

(Minus our 2m fee of course)

[poypee57] 15/7/2005 19:29

Ain't going to be on any list soon. I see ADVFN have already written it off in my portfolio. Made a big red dent in an otherwise mixed day. Effectively blown all my profit in first half. Relying on YOO to make good in second half. At least they are not sitting on a mountain of debt.

[shirishg] 15/7/2005 18:50

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[jordaggy] 15/7/2005 18:48

NOT IN AIM - your kidding me ! damn, I would have paid 40% tax on any profit anyway...ho hum...I can still use it for CG tax purposes I suppose...if I ever make anything *¬0

[momentos] 15/7/2005 18:43

Good chart above, its gone off the bottom. Says it all.

[fusebox] 15/7/2005 18:42

jordaggy...i dont follow institutions....they are gambling with your money not their own.

Im heavy into Elektron as most know but the stock is tightly held by a few players that are risking their own money.

A Mr John Kinder has 17% of the co and Panther secutities over 11%.

Perloff from Panther is one shrewd guy check out Panther holdings and you will see why.

He would not be in Elektron if the price was not going to shift up fast.

[isis] 15/7/2005 18:40

jordaggy - this is'nt in AIM - full listing I believe.

[c1ty whispers] 15/7/2005 18:33

GAME OVER.............ouch.

Glad i only dipped a toe in....

Goodbye EURODIS............may you burn in hell.

[jordaggy] 15/7/2005 18:31

Hi guy's and girls, just back from a euro trip. I share the common grief felt by all...If it makes anyone feel a little better, I've lost nearly £30k. Very upsetting and like Ed, probably won't be adding any more AIM to my portfolio in the future...Kenmil hits it on the head for me...institutions - you follow them into shares in the belief they have an inkling...will I ever learn. Try and cheer up Ed, it's not the end of the world !

[ramas] 15/7/2005 18:15

not a nice one but if anything is to be learned it it make sure you have a diversified portfolio... good luck to all

[poypee57] 15/7/2005 18:01

Like others I was lured into a false sense of security by institutional holdings and general sector recovery. The profit warnings were not sufficiently dire to put me off. Lesson is don't invest in a basket case unless you have absolute confidence in the mgt ability to turn-around. This represented 10% of my portfolio, so while not the end of the world, it is a substantial write off. Don't expect anything from administration. The only real asset, the customers, will already be heading for the exit. Competitors will sweep up with no acqusition costs. The End - Finito - Goodnite - Someone turn out the light.

[fusebox] 15/7/2005 17:40

The administrators duty is to save as many jobs as possible and get the best price for creditors.

When Elektron bought arcolectric out of receivership they obtained assets far in excess of their worth.

In actual fact they got the business for nothing.

Stock tooling and plant was obtained for a fraction of its worth and that was after it was written well down !

[fusebox] 15/7/2005 17:33

Unfortunately as malcolm has said shareholders are always bottom of the pack and that siad it is very doubtfull undeed whether there will be any left for shareholders.

Its worth bearing in mind also the admiministrators get paid for dealing with the mess and they dont come cheap.

[nonlottie] 15/7/2005 17:32

Dream on................ADNATROB.............capital loss is the only return here

[adnatrob] 15/7/2005 17:28

Chins up guys,
You never know there may be something left for us at the end. More than one purchaser interested. Good opportunity for them to get it cheap, but if they want it they have to better the others. I am sure there will still be some strategic value in aquiring ELH.
At the moment we face zero, so anythings a bonus.

[kenmill] 15/7/2005 17:28

Just returned to this board having sold in 2 stages some time ago with a sizeable loss on the investment but small in portfolio terms. The mind boggles at what the institutions were thinking. With the benefit of hindsight, they did not know what they were doing. They stumped up twice, put their own man in and then watched it go down the drain. The only reason I got in in the fist place was the level of institutional support (they must know more than me on this share syndrome)otherwise it was not a share I would have touched with a bargepole. If there is a lesson to be learned it is that the bright young things in the institutions have herd instinct and their experience and ability trail far behind their willingness to do the next deal.
As for the present, it is very unlikely there will be anything for the shareholders. The administrators will be looking to liquidate stock to pay the secured creditors with very little thought for anybody else and the only hope is a trade sale. Even then, a buyer is purchasing a distressed business and will not pay more than a percentage of assets as the company does not have a blindingly valuable name to trade. One to write off against (hopefully) other profits.

[farsight] 15/7/2005 17:21

If I'd spotted that Grant Thornton were appointed auditors I would have shouted louder. They've been "involved" with similar companies such as LGD.

[Abuse team] 15/7/2005 17:17

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