Pressac Share Discussion Threads

[charlie boy bronson] 17/3/2005 17:22

IMHO holders who bought in at the 20p level will (in due course) do rather well!
Time will tell.

LOL!!!!

CB

[penrynner] 17/3/2005 17:03

I'm in the same situation as Peter Webb. I have shares in Pressac and Eurodis. The value for both is so low that they cannot now damage the value of my portfolio. In fact I wrote off the value of both of these holdings long ago. Eurodis might survive, Pressac will not. I bought the toilet paper in bulk, but not the shares fortunately.

[knowing] 17/3/2005 16:56

Ahh but do you buy in bulk ?

[penrynner] 17/3/2005 16:54

my multipack package of toilet paper is worth more than these...

[nchls] 17/3/2005 16:32

Unless you could find someone to buy the shares off you they would have no market value as you would not be able to sell them through the stock exchange. You would still be a shareholder of the company and so have a claim on company assets (at the end of the queue behind the banks & other creditors of course) if the company was wound up.

[empirestate] 17/3/2005 15:50

nchls- but what does a delisting do in terms of value of our shares in the co

[nchls] 17/3/2005 13:17

A 'de-listing' simply means that the shares would not be tradeable through the London stock exchange and so very hard (if not impossible) to sell until re-listed (eg on AIM possibly). Does *not* mean the end of the business.

[latifs100] 17/3/2005 12:54

de list what does it mean? voluntary liquidation or aim.. thanks in advance

[nchls] 17/3/2005 12:33

'De-listing', a somewhat scary statement from the company.

Still a straight delist is only one option. Might not happen, may move to AIM. Last trading update said 'in-line' and at that level they are generating enough cash to cover interest payments.

Risky, but I'm in.

[milacs] 17/3/2005 12:23

Knowing

You certainly are the kiss of death. Medisys and Pressac bite the dust.

M

[bomfin] 17/3/2005 11:39

Took a small punt on this today on the basis that their property assets could be undervalued in the balance sheet. Break up value could be interesting.

Just a gamble in all honesty.

bomfin

[rebel] 17/3/2005 11:26

Brumont,

yep, delist to list on AIM costing thousands of pounds which pressac have got

[dell314] 17/3/2005 11:23

Brumont - You may be correct but if they are merely considering the lesser evil of a move to AIM, surely they could have said so more clearly.
The wording of this RNS does make the possibility of a total delist look real...

Rgds
dell

All IMHO, DYOR etc.

[knowing] 17/3/2005 11:20

Here was my tutor

[jrjr99] 17/3/2005 11:18

i would say bad !

[mike crowsoft] 17/3/2005 11:14

clive

Where did you learn your stock picking skills ?

[latifs100] 17/3/2005 11:12

is this good or bad, holdin from 5p

[brumont] 17/3/2005 11:07

JackNife
much more likely that the reference to listing is to do with withdrawal from the main board to AIM.

[charmer1_23] 17/3/2005 10:52

PRESSAC PLC

For immediate release 17 March 2005

UPDATE ON DISCUSSIONS WITH PRINCIPAL LENDERS AND STRATEGIC REVIEW

Following its trading update announcement on 8 December 2004, Pressac plc ("Pressac") has been in
discussions with its principal lenders ("the Principal Lenders") regarding the extension of its
credit facilities (the "Credit Facilities") which are due to expire on 30 June 2005. At this
time, the Company continues to make payments in respect of amounts owed under the Credit
Facilities as they fall due, but is operating under the terms of a waiver relating to certain
covenants under the Credit Facilities.
To date, discussions with the Principal Lenders have been constructive and the Company's Board
remains confident that an extension of the Credit Facilities will be agreed significantly in
advance of expiry on 30 June 2005. In light of these discussions, and the potential conditions
which may be required to secure the ongoing support of the Principal Lenders, the Board is
currently undertaking a review of the Group's ongoing strategy including a consideration of its
ongoing listing status.
A further update on the outcome of the discussions with the Principal Lenders will be made in due
course.
ENDS

Enquiries:

Pressac plc
Chris Woodwark,
Chairman and Chief Executive Tel: [phone]

Jane Aikman,
Group Finance Director Tel: [phone]

IKON Associates Tel: [phone]
Adrian Shaw Mobile: [phone]
E-mail:
[e-mail]

Pressac

[mcfctrader] 16/3/2005 19:29

I'm still here.

My 4p bottom is holding.... but for how long.

I'm in for more (again) if it does slip blow 4p.

[boll] 14/3/2005 23:59

I think he means that whatever happens to the share price of Pressac or eurodis it will have little impact on Eaglet investment trust( implication that they have very little net worth)

[empirestate] 13/3/2005 16:17

well it means that he can not see further downside from here