Eurodis Elect. Share Discussion Threads

[momentos] 18/7/2005 18:47

notalotuptoppie, given your incoherent ramblings this AM when you couldn't understand the difference between administration and liquidation, you're comments are laughable.

Just face it, you haven't got a clue have you? You can't even understand that the company could be sold in its entirety tomorrow, warts and all. Unlikely, but possible. Keep digging, those who actually understand how companies work will enjoy the entertainment of a half wit trying to explain what he can't understand.

Katie Price, I will not go away, I would imagine that you LIKE little boys to play with. You seem the type.

[chiansaw] 18/7/2005 18:38

Suspect if ELH had anything to do with Chelsea, thye'd be playing in the Conference next season.

[westernedge] 18/7/2005 18:11

well..we may be lucky and at least find out one day what actually went on..

imo..until the fat lady sings there is always hope but extrmeley remote but also then again theres f### all we can do about it anyway..so we wait/move on

just a shame chelsea werent interested...

[farsight] 18/7/2005 17:45

Do not think for one minute that directors' actions are always in shareholders' best interests in situations like this.

[katie price] 18/7/2005 17:39

Hey Momentos

Sore lossers shouldnt be playing with the BIG boys and girls.....

LOL

Katie

[nineoneone] 18/7/2005 17:32

Ozzy, was this you by any chance ?

"Ozzy Osbourne of Wolverhampton",

literally bites the head of his bird :

[nineoneone] 18/7/2005 17:30

mr lottie, eidos was bought out by SEG, warts and all (including the big debt as well). Agreed EID werent in admin but they were as good as on the brink.

[nonlottie] 18/7/2005 17:23

Momentos

Kiwihope is hardly confirming your confused elementary textbook approach but is yes quite sensible. Nineoneone is more your style half sensible but a bit off beam in the comment about buyer taking company warts and all..........this is theoretically possible but in practice hardly ever happens. Read what I've told you and explain why it should if you're so clever and knowledgeable.

[shirishg] 18/7/2005 17:17

Post removed by ADVFN

[momentos] 18/7/2005 17:16

Katie Price: sad cross-dressing Max Power reading man who thinks its clever to call himself after a woman.

Ha Ha Ha.

The relatively small amount I lost would not even come near paying for the psychiatric help you need.

You are indeed the poorer, in so many ways.

[katie price] 18/7/2005 17:14

Momentos LOSS

Hahahaha

Katie

[momentos] 18/7/2005 17:13

Ah, some sense returns (minus of course the EKT ramps!).

Glad to see nineoneone / kiwihope confirm the correct current position as I outlined earlier.

As far as the fruitcakes go, I'm very disappointed we are unable to complete the set. WE have three from four - Fusebox, Katie Price and Nonlottie. Unfortunately Haystack is unable to make an appearance due to his removal from ADVFN.

Perhaps we will get lucky and one of his aliases may pay us a visit. I do feel we are missing out otherwise.

[shirishg] 18/7/2005 17:04

Post removed by ADVFN

[kiwihope] 18/7/2005 17:03

westernedge,

My view is that eurodis directors are responsible to shareholders. But shareholders 'trust' directors to be competent and to only respond to appropriate offers - they don't have to put every offer forward. The statement did say that the potential offerror had withdrawn so almost certainly no formal offer was made, although ballpark figures must have been talked for eurodis to allow due diligence.

Fo the lead financier to reduce facilities there must have been a deterioration in trading or else a significant risk the cash would dry up. Eurodis did mention cash was tighter than expected and that April/May had seen poor trading. So the warnings were there. But it all does seem to have happened very quickly.

Once the finance company reduced facilties and the directors realised they did not have enough working capital to maintain 'going-concern' basis, they were obligated to call in the administrators. The administrators will firstly try and sell the business as a whole to maximise the value but my guess is that they wont succeed and will eventually sell the assets piecemeal. No one will want to take on the debt at face value. The only assets of any value are the distribution centre and stock. The company has no intellectual property and customers can easily migrate elsewhere.

A sad, sad state of affairs.

[fusebox] 18/7/2005 16:52

Elekton finished up quite strongly at 7.7% any investors that took my advice are clawing back their losses.

[nineoneone] 18/7/2005 16:48

thats not necessarily so westernedge. Directors represent the shareholders. If the bidder offered a price which was in the eyes of the directors a price not reflecting the value of the firm, they can reject it. However, whether they rejected the price, or the bidder found something untoward in the due diligence is a matter for speculators.

So long as the company remains in administration then I suppose there is still a chance shareholders may receive some hope of a return for shareholders. More over the statement stated that there were more than one party interested in the company. If the company is sold as a whole entity then shareholders should receive something, as the buyer will take on everything, warts and all.

Its if they go into receivership that all hopes are dashed for shareholders.

Sorry for all who got entangled with this company, but hope that the administrators do their duty and sell on the company, not only for the shareholders but for 700 or so employees.

[westernedge] 18/7/2005 16:34

mike..the lender will know what / if any number was offered..
a..there was no offer.. very likely imo
b.. the offer was too low for elh management to accept but..was good enough for the men in suits hence administration and they are now persuing that offer/offers..unlikely as elh management were really obligated to put it to the shareholders no matter how low it was

[westernedge] 18/7/2005 16:31

ozzy... depends on your appetite for risk and what kind of markets you want to trade...and what time you want to spend doing it
no one knows but you ...not being funny but if you had 85% in here you must have a big appetite..or became temporarily imbalanced/ blinded to the downside

[mike012321] 18/7/2005 16:27

The view that Eurodis would definitely have sold the company cheaply (for say 1p or thereabouts) if it had been able to do so - as expounded for instance by Nonlottie - is an assumption. It could be that the offeror wouldn't pay what Eurodis and/or the inside institutions wanted (possibly considerably more than 1p) and that, on the news that the offeror had withdrawn,the lender became nervous and reduced the borrowing faclilty.

Nonlottie,your continued interest in this share is quite bizarre, given that you are neither long nor short of it.You will no doubt continue to insist that this isn't the case, but actually it is!

[edward3] 18/7/2005 14:59

For what it's worth ...


Neville B Kahn and Nicholas G Edwards, partners of Deloitte & Touche LLP, were appointed Joint Administrators of Eurodis Electron PLC & Eurodis Electronics PLC by order of the High Court at 4:15pm on the 15th July 2005

[0zzy] 18/7/2005 13:21

Like a criminal (so they say!) I am drawn back to the scene of the crime...OK, the BB for ELH posters and the mentally challenged.

As my portfolio has shrunk by 85% I may not be able to trade out of this situation....uhoh, the better half wants access..back later!

Back....what was my mistake, well believing that getting a 600% growth over 24 months made me invincible. That the rules I carefully applied no longer mattered and that when all the signs said 'get out', I knew better!

So what shall I do ..learn my lesson and get a job (not so easy for someone my age and intellectual inability) or soldier on and try to build again a nest egg for my declining years.

Well the latter but how...suggestions please from anyone but Haystack (in all guises), Fusebox (who knows but one share), nonlottie (fixated personality) or those with a psychotic disorder ('cept Chiansaw).

Waiting, in a less suicidal mode...just

0zzy

[-)

[very quick] 18/7/2005 11:25

I have been told that the administrators were called in by the banks and not the company.