Eurodis Elect. Share Discussion Threads

[the knowing] 27/1/2005 13:15

Small mention

[muxdapanza] 27/1/2005 13:13

I know but we can't compare or forecast for that period.
True also that we will not know if the forecast was correct, but by discussing the merits of the forecast we can form a better view of the recovery prospects.

[ed winchester] 27/1/2005 13:11

2,041,607 shares have been traded on virt-x as well.

so total traded so far is appx. 14m

[ed winchester] 27/1/2005 13:07

mux

remember the full year this time round will be 16 months.

[ed winchester] 27/1/2005 13:02

spoken to my broker, interims results were actually ahead of what DrKW forecasted.

[muxdapanza] 27/1/2005 13:00

If sales have been in decline and in ELH's case serious decline, they never ever just start going up.
Its a steady curve of decline, bottoming out and then growth.
What has surprised me is the slowing of the decline.

For the 6 months to Nov 03 sales declined by 25%
For the 6 months to Nov 04 sales declined by 9%

A similar picture occurs for the second half.
So if we experience a 9% decline in the second half the P & L looks like this

Mux's steady as she goes forecast for year:

Sales 298m
Gross Margin 52m
Overheads 64m
Full year loss 12m

Yes we can tweak the margin a bit to 17.5% and we could even say that ELH manage to hold sales for the second half in line with prior year and possibly reduce expenses a bit further:

Mux's crack that wip dougy full year forecast:
Sales 312m
Gross Margin 55m
Overheads 61m
Full year loss 6m

If the latter performance is acheived it would result in a second half break even performance.

Any views?

[ed winchester] 27/1/2005 12:43

kiwi, just reading a post on the fool board by odysseus2000, do you understand what he is getting at ? someone called KarlAstin has stated what you posted here about the operating cash flow figure (exc. exceptionals). But odysseus2000 has put forward a curious query regarding it. I cant for the life of me fathom what he is getting at. can you ?

[kiwihope] 27/1/2005 12:41

barclays now up to 1.58 bid, 1.60 offer

[westernedge] 27/1/2005 12:28

Morning folks on this momentous day...
Momentous?... yep the bench will stay empty a while longer...

Anyway fwiw my view
Overall as expected, stability to allow progress achieved..
So we give em to next trading statement...but
Find lack of sales growth worrying, they are, i would suspect, walking away from low margin business to protect the gross..
Sometimes u gotta mix it with the big boys.. are they being aggressive enuff with a relatively fixed cost base?..
If twas me i would be going for everything at this point in time..
They are relying on jv,s etc to generate the extra and going for the higher margin stuff.. fair enuff.. their call

imo its easy to take costs out of a business..
its not so easy to grow profitable market share..
they need to speed up sales growth
i still have faith in rogers to achieve this but im critical of what they have achieved so far.. but like i posted before... rogers will have kept some cards unplayed.. but Mr Rogers.. you got 12 months to play em

holding and may add...

[ed winchester] 27/1/2005 12:24

true cross

tdw currently 1.58 - 1.58

[crossfirecssf] 27/1/2005 12:21

Surely we can't say at the moment what's a buy and vice versa.

[ed winchester] 27/1/2005 12:18

ah, thanks for that rct. just hope we get that darn seller out of the way soon. on current buying, the share price would be much much higher if it wasnt for the overhang.

[realcooltrader] 27/1/2005 12:15

1destiny1, not on comdirect, still 1.58p. Clearly, as was mentioned earlier, prices are all over the shop, but there seems to be a gradual trend up.

Ed, you are of course right, I put the larger limit against the higher price, which was wrong. Should have been Bid 1.57p 500k, Offer 1.56p 2.5m. Apologies for causing palpitations.

[1destiny1] 27/1/2005 12:10

thanks Crossfire

[ed winchester] 27/1/2005 12:08

can i confirm with you guys that this was the case earlier on

realcooltrader - 27 Jan'05 - 10:28 - 603 of 629

Ed, comdirect back to weird:

Bid 1.57p 2.5m
Offer 1.56p 500k


so at one point market makers were wanting 2.5m shares and only offering 500k ?

[crossfirecssf] 27/1/2005 12:06

idealing:
bid 250k 1.58p
offer 2.5mill 1.62p

[1destiny1] 27/1/2005 12:04

realcooltrader - has the offer changed to 1.62p?

[realcooltrader] 27/1/2005 11:52

comdirect, movement on the Bid side (price down, limit up):

Bid 1.58p (1m)
Offer 1.58p (2.5m)

[ed winchester] 27/1/2005 11:37

good post cross however i go with kiwi, you need to stabilise the ship first before going forward and more over stop the cash drain. On both counts Doug seems to doing a grand job. And considering the past doom comments from eurodis, today's were in comparison contained clearly some optimistic light.

[crossfirecssf] 27/1/2005 11:36

Thanks Kiwihope...your opinion appreciated as ever. Glad to see you buying.

[realcooltrader] 27/1/2005 11:35

Sorry CHIANSAW, I edited my post before I saw yours.

[chiansaw] 27/1/2005 11:33

Getting weird again..

ComD
Offer 1.58p to 2.5 mill
BID 1.59 to 500k

[realcooltrader] 27/1/2005 11:32

dell, I think I prefer Karl Austin's response! (and Lekka, I am not KA).

comdirect now:

Bid 1.59p (500k)
Offer 1.58p (2.5m)

Limits are correct Ed ;-)

[kiwihope] 27/1/2005 11:27

crossfire ... you are absolutely right. Sales growth has to happen before we can say eurodis are firmly on the way to recovery. However I think firstly sales have to stabilise which they appear to have done. I'm well aware of the risks with this company but equally keep and open mind.

These results are for the period June-Nov 04 and I think the company was still affected by the turbulence of the last few years. It takes a long time to get customers back (much longer than people think) ... especially the customers eurodis wants, those with repeat annual business. And the competition is fighting hard to take them (from a stronger position). So growing sales is going to be hard. There is also the inventory correction ... I believe this is true as others have spoken of it.

So with this back drop I am actually quite encouraged they even maintained sales for the June-Nov period. I have never been as bullish about sales growth or the company as others, however I think the balance of risk/reward has shifted slightly in the positive direction ... enough to justify taking a small position.

[dell314] 27/1/2005 11:15

You probably won't like this but I thought you may like an opportunity to read and comment:



Rgds
dell