Recent News :

RNS Number:4107D
Eurodis Electron PLC
28 September 2004

ANNUAL GENERAL MEETING

At the annual general meeting of Eurodis Electron PLC today, Mr Doug Rogers,
Chairman, is making the following statement:

"In recent weeks there are signs that growth in demand for electronic components
in Asia is continuing at a lower pace and this has brought global supply more
closely in line with demand. Where previously we had seen some products on
allocation - where suppliers ration supplies - lead times have mainly now
reverted to normal levels. As a result of this, we believe that inventory levels
in the global supply chain may be higher than normal, a number of distributors
are reducing their stock levels and upward pressure on prices has largely been
eliminated.

In the European market, where Eurodis operates, the underlying consumption of
electronic components has been maintained, but, during September, we have seen
customers taking advantage of reduced lead times by lowering their forward order
commitments. We are, therefore, also taking steps to reduce our inventories. We
continue to control costs tightly to improve efficiency and expect that effects
on sales due to a short term global inventory correction will be offset by lower
operating costs.

We continue to work hard on recovering market share and return the business to
profitability, though, as stated in our results announcement of 27 July 2004,
the pace of this recovery remains difficult to predict."

RNS Number:8895E
Eurodis Electron PLC
04 November 2004

4 November 2004

Eurodis Electron PLC

("Eurodis" or the "Company")

Commercial Co-operation between Eurodis and ATeG

Eurodis Electron PLC, Europe's third largest pan-European electronic component
distributor, and the Advanced Technology Group (ATeG), an alliance of Europe's
leading independent design distributors, announced today that they have signed
heads of agreement to co-operate in the European market.

Once the agreement is implemented, the ATeG companies will act as sales agents
for Eurodis, and will approach their key customers with a much expanded line
card. Similarly, Eurodis will act as sales agents for ATeG, and will introduce
ATeG's range to its customers. In each case, the sales agent will be remunerated
by way of commission on completed sales which it achieves for the other party.
This co-operation will effectively increase Eurodis' sales team by about 20%
without any material increase in fixed costs.

The intention is that, in future, key customers of Eurodis and ATeG in Germany,
Switzerland, UK and Spain will have one account manager through whom they will
be able to access the combined line cards, value added services and logistic
solutions of both organisations.

Eurodis has sales coverage in 19 European countries and ATeG strengthens that
coverage as well as bringing its range of franchised products to Germany,
Switzerland, Austria, UK, and Spain.

Eurodis and ATeG anticipate that the co-operation will enable both companies to
increase sales and net earnings by leveraging existing customer and supplier
relationships. Customers will benefit from being able to fulfil more of their
requirements through one sales contact, and suppliers will benefit from
increased sales out of existing franchised distribution channels.

06 October 2004
Eurodis Electron plc ("the Company") has been advised on 5 October 2004 that the
following directors have purchased ordinary shares in the Company on 5 October
2004, all at 1.6 pence per share:

D.E. Rogers 185,008 1,874,939
S.P. Swayne 60,630 1,095,452
M. Guffogg 60,630 109,757
W Alexander 60,630 184,383

04 November 2004
Eurodis Electron plc was today advised that Morley Fund Management Limited (a
subsidiary of Aviva plc) have a notifiable interest of 37,616,258 ordinary
shares in the Company representing 3.97% of the issued ordinary share capital.

16 July 2004
Eurodis Electron plc was today advised that Artemis Investment Management now
hold a notifiable interest in 134,268,248 ordinary shares of the company
representing 14.18% of its issued ordinary share capital.

07 June 2004
Eurodis Electron plc was today advised that Man Financial Limited have an
interest in 3,890,500 ordinary shares of the Company representing 0.41% of its
issued ordinary share capital.

08 March 2004
Eurodis Electron plc was today advised that UBS Global Asset management Life Ltd
have a notifiable interest in 31,731,230 ordinary shares in the Company
representing 3.35% of the issued ordinary share capital.

Results for the six months to 30 Nov reflected the fifth phase of cost cutting across the company.The pretax loss before goodwill and exceptional items was 2.7m.compared with a profit of 1.2m in the first half last year. This was based on sales of 168.4m down 16% in a market which declined by over 20%,suggesting Eurodis continues to gain market share and illustrating the operational gearing working in reverse.
During the year,Eurodis restructured its operations once again,in line with lower levels of sales. Although operating expenses were reduced further, this only partially offset the effect of the decline in sales. Gross profit also reduced as a result of declining prices and was affected by some service level issues as Eurodis transfered inventory from eight warehouses to one. That process is complete and Eurodis now operates a single, intrgrated organisation, with unified IT and a central point of ordering. Management therefore expect margins to go up in the second half.
Eurodis three main markets of Germany, Italy and Nordic all experienced declines. Worldwide, the only places doing well at present are Eastern Europe(+25 to 8.5m and where Eurodis has just acquired an outstanding minority interest)and the Far East(no presence untill now; joint venture just established with World Peace in Hong Kong).
Despite a lowering of working capital requirements helping reduce Eurodis borrowings,capex on its advanced logistics centre in Holland (10.4m has been spent in the past 18 months of which 4.7m was in this half)and cash costs of restructuring, resulting in net borrowings of 49m, up slightly on a year ago.
Some months ago. Eurodis provided guidance to analysts that restructuring would cost 10.5m,but now reckons this is likely to be closer to 14m,of which 5.0m will be a cash cost in the second half and 9.0m was in the first half. IN particular, the warehouse move proved a complex process, tough labour laws in parts of Europe meant staff reduction costs were higher,whilst Eurodis has also thrown in the towel on some onerous lease commitments on surplus warehouses. No further restructuring is expected.
To cap off its restructuring, Eurodis is reducing its supplier focus to 27 key franchises covering semiconductors, passives electro-mechanical, crystals, power supplies and LCDs. It will retain approximately 150 complementary suppliers but is in the process of terminating 200 marginal ones (3% of sales).
Eurodis has cut costs by 30% over the past 18 months mainly through non-sales related reductions in headcount,from 1278 to 870. Further savings will come from eliminating dual running costs through the new logistics centre. Annual running costs have therefore been cut by 20m to 50m Some investments is of course required to grow sales. If sales retraced the previous high of 450m. costs would still be 20% lower, in other words producing 12m more profit.
Rated a Buy

I have bought 51,833 shares yesterday at 5.18 pence....there was very heavy buying yesterday and I think the overhang has now cleared.

INDICATORS HAVE TURNED BULLISH :

4 BUY signals vs 0 SELL signals :

Trend : Bullish
MACD : Bullish
Stochastic Oscillator : Bullish
RSI : Bullish
Commodity Channel Index : Bullish
Best-Charts Index : Bullish
ROC : Bullish
Elder Force Index : Bullish
William's %R : Bullish
Percentage Price Oscillator : Bullish
Money Flow Index : Bullish
On Balance Volume : Bullish
Price & Volume Trend : Bullish

Momentum also ticked up today....out of all them MACD crossing over and RSI rising were the most significant.

Marked up today...5.00-5.50 pence.

---Trades at 5.25 pence today are BUYS....

Hello SueHelen Glad to hear this SueHelen - I managed to regain a partial loss when they had the share offer but am still sitting on the ones which dropped for 50% - at the moment I would be happy with just getting my money back and buying more Caledon! Wishing you success (and me!)

Morning Fonty...nice to hear from you...What I do know is like Caledon these will not fall anymore but gradually move forward from now on...

Plenty of selling today at exactly 5p. In fact there has been about 800k so far sold at 5p. I think the MMs have ticked it up to help pass on stock they are taking in. This is still showing a lot of weakness and I expect it to drop further. I think there are a couple of major sellers still around.

Sorry...I don't agree...I have witnessed your shaninigans on the VTB thread here this week....

From ADVFN : With Regards to Haystack.

"It's the general tone of your posts lately that shows youre getting rattled. Why should you get so hot and bothered is beyound me. You don't even hold the stock, nor do you short it. I doubt it you trade any stock, just a sad simpleton who has nothing better to do that haunt multiple boards with the same old tripe. But if it makes you happy and contended then carry on".

Doesn't say much about his personality....

Not 'shaninigans' at all. I am just postiug my views which are very negative on VTB. I have a similar view of Eurodis (ELH). I am expecting these to fall further yet. It's OK to disagree with each other about ELH as it is also OK to post differing views. My view is that there are still big sellers around and the MMs are just playing everyone along at the moment. People may get excited because it goes up by 1/8p, but the trend is still very much down. A very high risk stock at present until there us some sing that they are trading better. I expect another cash call this year.

You're pathetic from the drivel I have seen you post this week here on VTB and your pathetic attempts to drive stocks down on advfn threads...

I have just had to use the Squelch for the first time...on you....Someone who starts posting abusive language notably on the advfn threads has no regards from myself and I would like to distance myself from that.

SueHelen
I am not attacking you and have been polite as well. Why are you attempting to attack me.

I am afraid that you have to put up with my negative sentiments regarding ELH and cannot silence my posts in that way.

I repeat that my views on ELH are very negative. They carry a huge amount of debt which has been paid down temporarily due to a recent cash call. If their profits do not increase enough then this debt will rise again as the cash runs out.

In their recent statement they admitted that they lost one franchise recently which accounts for 5% of their business.

ELH is not a stock to reckon or consider about. Don't waste time on it.

SueHelen
I can see that you clearly do not like negative posts on ELH. The most sensible answer in that case is for you to use the squelch button (something that I have never felt the need for). I have no reason to argue with you at all. I just expect to be able to post my views without personal comment.

ELH has attracted a huge number of rampers on ADVFN who try and silence any alternative view. It would be a pity if the same thing was attempted here.

I expect this to drop further soon.

Out of 2.18m shares traded so far today it looks like

A 2 x 300k rollover

911k of sells at exactly the bid (so they are pretty well certainly SELLS)

That leaves a maximum of about 660k buys and some of those may in fact be sells as well, but being generous we can call them buys.

So selling still well in evidence at present.

I expect this to be down further.

Lol, your getting quite a name haystack, do you have any positive feelings on any shares in your portfolio? Any views on Bioprogress?

I do have positive views on a number of stocks and I post on them occasionally. I still like many of the housebuilders and developers which I have bought and sold several times like BKL, WMPY, QED, PSN etc. I like ICI as a good stable business which is well run (I did financial modelling there a few years ago). I like CASH, SPS and many others.

I am not happy about BPRG at all. The ramping, volatility and lack of finacnial information makes valuing and trading it very difficult. It could go much higher or crash. It is a very high risk stock and I would avoid it apart from trading it on a technical basis very short term. I might be tempted to buy it for a few hours or a day if the market as a whole was flying.

We have reached the bottom with these...the sells were easily absorbed. Level 2 actually improved from 2 v 3 to 3 v 3 so the price was stable throughout the day....Trades at 5.2 pence were buys with the price closing at 5.00-5.50 pence.

Thanks for your view haystack.

Hi,

I agree with haystack :- I repeat that my views on ELH are very negative.

Their statement,in my opinion,is a poor attempt to make a bad company appear
good.Whether price rises/falls is merely how investors interpret the statement.
rgds aj

There were a number of fair sized sells today on ELH. I think the MMs put up the price to encourage buyers.

That makes me think that they were not confident in finding buyers for the stock. It also makes me think firstly that there are more large sells to come and that the price will be down again very soon if not tomorrow.

Today's larger sells.

250k
28k
49k
51k
100k
116k
350k
100k
250k
that's about 1.3M

plus numerous smallers ones. I think the sells were absorbed because the price was ticked up. The MMs may try the trick again, but I expect the overall direction still to be down.

I think you have made your point clear...Haystack. Even though I have got you on the Squelch....can still see your name appearing like a train that does not wish to stop at the station. Do you have to repeat your points so many times...There is no drivel on threads on moneyam...apart from on this one and VTB which you have bought with you from ADVFN.

Please leave my thread alone if you have no interest on these....

I dislike ELH. Having been involved with these types of businesses for many years they effectively act as a box shifter and bank for the reseller channel.

When these types of companies hit on hard times resellers desert them and vendors are nervous of financing them. ELH has bigger competitors with more pricing power and usually more financially stable. Vendors will funnel more business through these channels rather than risk default.

Therefore I would rate ELH as a very very speculative buy. It's not something I am particulary interested in.

SueHelen
I don't regard my comments on ELH as drivel. I have also been right about this company over many months.

What you actually mean is that very few people put alternative arguments and make negative comments here about stocks without it turning into a brawl like the TAD thread.

The secret is to be polite when you make your points and not make personal comments about the other person. I have no comments to make about you at all as I have no knowledge of you. Even if I had it would be pointless to direct my comments at you when it is the company that I have a bad opinion of and not you.

I should also point out this is NOT your thread. It is a forum to discuss ELH for better or worse. You won't find me complaining about any positive comments you may make about the company no matter how much I disagree.

And in the Blue corner, at a 195lbs . . .

Gosh what a fascinating introduction to discussion forums in the money market!!

As an applied psychologist who is a brand new amatuer entrant to the stock dealing world, I am amazed at the amount of irrelevant emotion in an arena where I expected almost 100% rationalality.

I shall watch this thread with great interest.

Just a silly thought but . . . I could almost believe that SueHelen and Haystack were married!

They are. Haystack is sleeping downstairs on the sofa though.

Kayak
The other way round. I like my comfort.

It is interesting to see the ELH trades this morning. Every one is a sell so far and all exactly at the bid just so there is no confusion.

There is someone on the ADVFN ELH thread that likes to tell everyone that the trades have been buys. It made amusing reading as the price sunk lower day by day.

I have recently sold my ELH holding, and lost about 30%. I work in the electronics industry, and believed that ELH were ready to start climbing again. Sadly, I was wrong, and think that this will remain around this level for quite a while.
Many people do not like what Haystack says, but....he's the one who's been correct over the 3 months I've been monitoring this (and A.D.V.F.N) board.

Shares magazine has this as a sell today. There has been a constant stream of sells all morning.

Agree 100 % sells to-day and mostly yesterday. I have been trying to buy ( a few!! ) for a couple of days but not no drop in the 5.50p price I have tried 5.25p and 5.35p. Sells have varied from 5.0p to 5.20p.

What do you make of that.

Thanks guys, its really good to get anothe opinion and facts from other sources, it gives a more level feel for the company and share rather than from one source, sometimes one can get carried away with all the techie stuff posted so very valuable debate.

Hi all,
I suggest you re-read my post :- Their statement.......a poor attempt to make
a bad company appear good.Are haystack and me the only people on the thread
that have analysed it ?
rgds aj

I must say that the trading statement from the company was very sparce and avoided many difficult areas.

It was clear at the end of last year that many of their suppliers had lost confidence in them due to the high level of debt. The high debt caused them to reduce stock levels to the point where they had trouble making deliveries and sales. The suppliers were naturally upset about this and they lost several franchises. The recent statement indicated that they have lost another one even after the latest cash call. This represented 2% of ELH's business (I mistakenly posted 5% in an earlier post).

The trading statement only talked in generalities about their progress in gaining market share and turnover. They hinted that margins will continue to be difficult for them. If that is the case then that does not bode well for the next results and for the control of their sizeable debt problem.

The market knows that debt is the biggest reason for companies going under. Shortage of working capital is not so much of a problem as cash calls rarely fail if there is little or no debt. There comes a time though when a cash call may well fail if the debt just carries on and on.

ajren haystack
what are your thougts on cdn,just looked at that thread and being talked up but big drop.

Hi haystack,

Your 1st and 3rd paragraphs are sufficient to show it is a very bad company.
rgds aj

Hi Berty Bassett,

I have no opinion as I have not researched it.
rgds aj

I have looked at CDN in the past. I wouldn't touch it personally. It keeps dropping to a support level. Based on my experience I expect it to drop below trat support soon. If it was testing the support now and then and trading sideways then I maight expect it to bounce off, but it seems to be testing the price at that level too often. If it does drop though the support then you can expect a faster fall afer that.

As the experts have taken over my thread I would like to ask them a question:

Q. Can you please tell me why the price has still not dropped yet. I would think about 3 million in sells would have gone through now in the last 2 days...Yet the price has not fallen..Why are the Market Makers absorbing the shares. In addition...why have the instituitons who we can call stupid as you guys think the price will be going down bought 100 million shares etc (holdings in my header post) into this company.

A.

Ps. Haystack...Why do have to repeat your drivel everyday...although I can't see your posts...your name is sticking out too much on the sides of the frame.

If you can only see is name how do you know it is drivel. ?

It can be witnessed on the ADVFN threads - VTB and ELH.

There was talk of a merger with Abacus in March(Shares Mag 11-17 March)and that in there opinion this sector was on the mend. It also said that the management that made a string of acquisitions and lost control has since been replaced.Is this a possible reason why investors see Eurodis as a Hold for the moment? Being a share holder I admit to feeling cautious and would not take much for me to bale out.

SueHelen
I thought the discussion that we were happening today was quite sensible. There are clearly several other people who are not happy with ELH.

As for why the price has not dropped after the sells today, I have no idea any more than anyone else. There may be a big buy going through. There are plenty of reasons why share price do not move on sells. I dare say we may find out later. Perhaps the price will drop later. The MMs may even put the price up briefly to pass on the stock to punters they can suck in.

The fact is that this has been dropping steadily and is still very vunerable due to past business problems and debt.

wilfagg
Do investors see it as a hold? Shares magazine for instance calls it as a SELL today.

SueHelen
It is interesting to see that you claim to filter me on this BB and do not filter me on ADVFN. From previous experience I have found that few people actually filer anyone. It is used more as an insult. As in 'look how much I hate you - I have filtered you'. LOL

????????????

Haystack - Do you think its possible that shares are being accumulated for a possible bid for EUrodis and not a merger and that is also assisting the price to be stable?I take your point about Shares mag comment which I had not seen.I do not know the content but it seems a significant change to their March comment?Do they make any reference to Abaccus in the article?

you can say whatever you like about sue and her tips , but they always cause a reaction . the girls never boring , is she.personally i liked cfp and bought . intend to hold long term , regardless of what sue does. i look at most peoples tips and then dmor. i dont fancy this one. i did fancy cfp and asos , so i bought. still looking at cdn. you do what you do , sue . we all make our own choices.

willfag
No. The volumes are far too small for buying prior to a bid. 1M shares is worh only about 50k.

bosley
I have no quarrel with Sue at all. I am just surprised at the reaction I received when I was negative about ELH. I haven't looked at any of her tips to be honest.

Thanks for your views Haystack...ouch a 1 million sell and the price has remained unchanged.

I did not mean just the sale s today as there has been quite a lot of sales recently , far outweighing buys(regretably)thanks for comments

The market makers must be stupid Willfagg...for absorbing all the selling yesterday and today and there's been plenty last week as well.

The company statement says everything i.e.it is a very bad company.
Faulty analysis = Buyers
Correct analysis = Sellers
Indecisive analysis = Holders

rgds aj

2.79M shares traded and almost all sells. A 1M sell announced at the end included in that figure. Something strange is going on. I can only think that there is a big seller who has 5p in mind and won't sell less than that. The MMs may put the price up tomorrow to pass the stock on unless they have a buyer who has not completed their buy yet.

Eurodis are unlikely to be bid for because most competitors are likley to be able to win business through attrition. A lot of ELH competitors have a lower cost base so they can turn the screw tighter if they wish and while they will be able to survive competitors with a higher cost base will struggle.

If you bought a portfolio of ten of these companies then two will go bust, two will fly to the moon and the rest do nothing.

I suggest positive posters analyse the company statement again and give us
ONE reason to buy.

SueHelen,
Please desist from your constant verbal attack on haystack e.g.drivel
rgds aj

I had a nose at the balance sheet and depending upon how things have gone recently I reckon the funding raised probably still is not enough to stave off possible bankruptcy. I took the last interim balance sheet and rebased a few figures. Still a lot of risk in this. If they can't turn things around quickly with a heavily dilutive 2 for 1 rights (rescue) issue then it looks pretty bleak.

Reminds me of DTC a few years ago.

ELH making a move up - results on Tuesday - some big trades today

I see very little sign of ELH 'making a move up'.


There are usually 'big trades' on ELH. The trouble is they are usually large SELLS.

Haystack, I disagree, I see some big moves. Lots of bankruptcy specialists keeping an eye on the news flow from ELH ready to make a quote to the FD.

LOL

Recent RNS :

RNS Number:8009A
Eurodis Electron PLC
13 July 2004



Eurodis Electron PLC is pleased to announce the appointment of Mr Milton Guffogg
as a Non-Executive Director of the Company with immediate effect.

Mr Guffogg, 48, was appointed to the main board of NAAFI International in March
2003 as Director of Operations. Prior to this appointment Mr Guffogg was with
Woolworths PLC for 11 years, latterly as Director of Operations, and Regional
Director with the Burton Group.

This information is provided by RNS
The company news service from the London Stock Exchange

END
BOAGUUGPMUPCGAW

Recent RNS : Artemis bought a further 1 million pounds worth of shares.

RNS Number:9328A
Eurodis Electron PLC
16 July 2004



EURODIS ELECTRON PLC ('the Company')

Eurodis Electron plc was today advised that Artemis Investment Management now
hold a notifiable interest in 134,268,248 ordinary shares of the company
representing 14.18% of its issued ordinary share capital.



This information is provided by RNS
The company news service from the London Stock Exchange

END
HOLUNAORSRRBAAR

Institutions often buy stock in the wrong companies at the wrong price. Take Emblaze. At one time they were buying at 20+.

I am still unimpressed with ELH and think it is heading for the scrapheap.

I expect the results due imminently to be dire!

ELH is still falling fast. It is hitting new all time lows day after day. The rate of fall has even increased.

Good call Haystack but I am going onto hang onto mine as I feel the company will get back on track in the future. My indication now is that these are a long term hold.

OK chaps - any one in for this one - so much for the bounce but hey it is due for one! Worth a punt - any holders out there?

I've followed only the sp on this one for a few years and punters talking about recovery stocks etc, yet their fundamental business with real customers is getting worse, - isn't it? A few months ago they stated loss-per-share was 12p but they thought recovery - - etc - - Well, strike me!...at that rate every pound you pay is turned into ashes by the company. What is the point of such an investment?
We are not talking Biotech =where there are years of development and potential Riches!
At today's price ( c. 2p) it is clear that most punters have left the party, leaving only our Pension Fund Managers to fight over control of - what? A pile of stink? Let's hope it's not their money!
The likes of Farnell and Electrocomponents seem to have the market sewn up and are enjoying sp about 100x greater - now I wonder what their loss per share is??
ELH needs new management and a new strategy IMHO. I will ask for their latest report (oh and they have a slack period when they will do the sccounts in 2005 - creating yet more confusion )- - they must have computers; or are they not programmed to accept negative numbers?
- In addition to new management, new computers as well!

recent good news flow on eurodis seems positive.i feel there will be strong upward movement soon.

i was thinking the good news flow could be a potential takeover, This was being suggested when the price was 5p so they must look incredibly cheap now although the level of loss is not very exciting.They are up againdst some sharp competitiors if they are going to be arecovery play. However it is encouraging that the directors bought in , but that was at 1.5p which was one hell of a price. I think I would have bought in at that

It would be good to hear what SH thinks. You still holding SH? xmortal

Volumes are increasing and MACD is starting to look better. Also momentum is gathering. Could someone provide their views on this one for a short term play? thanks xm

Hi Xmortal, I don't hold these anymore after taking a loss by selling out at 4.00 pence levels back in July.

I am neutral on these for the moment, there is a very large overhang here at the moment so until that clears the price will stay like this. The overhang was created by Fidelity selling around 79 million shares at 1.00 pence about six weeks ago. Hence, the real prices are about 1.75 to sell and around 1.77 to buy.

I am keenly following the developments though.

once the overhang clears the price is sure to rise....eurodis is a quality player,but like most techs not wihout problems.....but hey its gotta be worth 3 or 4 times current levels...http://eurodis

Thanks for your input Sue, always appreciated. I will keep an eye on this one thread. xm

was hoping the over hang would have cleared by know,with news flow positive ,whats holding back the share price?
any views?

I think it will take a few more weeks if not months for the overhang to clear....this sort of overhang typically last for 6 months.

RNS Number:6793F
Eurodis Electron PLC
25 November 2004


PRESS RELEASE

For Immediate Release 25 November 2004


Pre-Close Update

Summary
The Board of Eurodis Electron PLC (the "Group") announces that it expects the
overall result before restructuring costs for the six months ending 30 November
2004 to be in line with market expectations. We expect to announce these results
on 27 January 2005.

Market
In our AGM statement released on 28 September 2004 we said that we believed a
short-term global inventory correction was occurring and this remains the case.

Trading
Although, in the short-term, sales are likely to continue to be impacted by the
current market conditions, this excludes the potential benefit from net new
franchise arrangements anticipated and expected sales from the co-operation with
Advanced Technology Group ("ATeG"), announced on 4 November 2004.

We are continuing to review the operating costs' base, to ensure it is aligned
with the Group's requirements without affecting sales reach. Additional savings
have been identified, which, once fully implemented, will reduce the operating
costs' base by Eur 6m to a revised annual run rate of Eur 63m. Some
restructuring costs are likely to arise; these will be reported with the results
for the six months ending 30 November 2004.

Inventory is currently at a similar level to that reported as at 31 May 2004. By
maximising the benefits of our Advanced Logistics Centre we intend to reduce
inventory further whilst maintaining good levels of customer service. We expect
that net debt at 30 November 2004 will be below Eur 60m. Our facilities headroom
is in line with our expectations and, notwithstanding the usual Christmas
seasonal dip, we expect headroom to remain adequate going forward.

Joint Venture
Together with World Peace Group ("WPG") we have signed an agreement to set up a
Hong-Kong based joint venture company, Eurodis WPG Asia Limited. This will
strengthen the existing alliance between Eurodis and WPG and enable both parties
to benefit by supporting companies transferring production from Europe to Asia
Pacific.

Outlook
The benefits of the ATeG co-operation and reduced operating costs will assist in
returning the business to profitability, although the timing of this remains
difficult to predict.

Forthcoming results
Our provisional timetable for results announcements is as follows:

Six months to 30 November 2004 27 January 2005
Ten months to 31 March 2005 Late May 2005
Sixteen months to 30 September 2005 Late November 2005



For further information, please contact:

Eurodis Electron PLC
Doug Rogers, Non-Executive Chairman 01737 242 464
Steven Swayne, Chief Executive 01737 242 464
Peter Grant, Group Finance Director 01737 242 464

Bell Pottinger Financial
Zoe Sanders/Chris Birks 020 7861 3232




This information is provided by RNS
The company news service from the London Stock Exchange

END

The overhang could clear by the time the next set of results are released on 27 January 2005. Worth another look in January 2005, price will very likely linger at these levels until then.

Interesting price moves since this thread started....................






.............down!

Well forecast Haystack. ;-)

I expect this to be lower yet!

"it
cautioned that the timing of the return to profit is difficult to estimate."

"The company expects net debt to be below 60 mln eur at Nov 30"

"In the short term, it expects sales to continue to be impacted by the global
inventory correction currently affecting the market."

Same old story same old cyber rampers that no one (to my knowledge) has met and no one knows ...... SueHelen / xmortal !

These two are the biggest joke since Nick and Hoot !

ELH is a basket case. Surely, surely not another buy recommendation, surely not.

lol , careful Scrip cos her and her aliases will email Mike and get you censored :-)

I actually held ELH as a share in '99. Made money too.

It's obviously a dog now, but let me get this straight. The thread started when the price was 5.2p mid and it's now 1.9p mid. Tremendous return - NOT!!!

Directors have been buying since it was 8p in March. Ouch!

I know this company very well because I consulted for a company that almost bought them a few years ago but didn't. Also the HQ isn't a million miles from me.

I suppose if you choose 200 hopeless cases one of them has to come good doesn't it? Not sure if you would end up with a positive expectancy on this strategy though.

Something must be stirring - Artemis Fund managers have picked up over 14% of the Company.

Nice one Sue .... another cracking call.

Lol - the stochastics are moving towards overbought :-)

I guess when they are 0p they will be oversold.

Directors have started buying - see RNS 31/1

i reckon this stock could do what asos and spirent have done in the past..it is unbelievably cheap,it has signed great daels with its partners to consolidate its position in the market.just hold on for the ride....p.s. directors have been buying for the last couple of months....any views.http://elh

Directors bought today no it was 28Jan (but delayed reporting, it seems) - parh.
= a miserable 5k worth - hardly a testament to future profitability. That buying, was maybe, to show a united front with the new appointee but such trivial amounts of dosh may fool MM's (who plonked +17% up on the sp), but it doesn't impress me. When a director spends 50k+ that's worth looking at.
//
It's a dull company amd a dull sp to match.
I don't hold this stock.

Just read another thread - where some confusion lay with Disney, Paris........
I wonder if EDH needs to change its name? Does it really say we are a highly efficient distributor of state-of-the-art electronic components - sounds rather like a distibutor of micky mouse radios.
/
Could this be their root problem? (apart from slightly staid Directors?)
/
Suitable names might be Euro-electroncs, Eurotron Distribution, Tron-Dis Europe, and so on. Alternatively they could name the operation by chosing the name of the town where the euro-hub is situated........where?
You read it here first.
Regards.

dunno what it is ,but its up 50% in 4 trading days.....im game if it makes money.http://elh

Any thoughts on this of late ?

luks a good speculative buy,heavy buy momentum,overhang cleared? any views,seems agood time to buy.

hangon...

Euro-Hub is located Corby, Northants :-)

More seriously,

One of many reasons why Eurodis may be being revalued is the fact they are now making inroads into the Chinese market.

Huge potential imvho, dyor etc.

Tangle

.

Eurodis and Infineon extend franchise agreement to Austria


London UK, 10 February 2005


Eurodis Electron PLC, Europes third largest distributor of electronic components and Infineon Technologies, one of the worlds leading manufacturers of Semiconductors today announced that, with immediate effect, Eurodis will represent Infineons complete product portfolio in Austria. This is in addition to the existing franchised territories in Germany, Benelux, Eastern Europe, the Nordic countries and the UK.

The companies co-operate already Pan European to offer complete solutions for Bluetooth-enabled products on an exclusive base. The strong fit of this portfolio with the capabilities of Eurodis Centre for Advanced Wireless Technology has been an enabler to provide customers with a total solution, reducing engineering effort and time to market

Albert van der Wijk, Vice President of Marketing at Eurodis commented: "Within Eurodis we have many years of experience with Infineons high quality advanced products. We are very proud that we can now promote the full Infineon portfolio including Discrete, Microcontroller, Sensors, Wireless and Wireline Products in Austria as well, where we have a very strong position as the second largest semiconductor distributor. Obviously, both Infineon and Eurodis will strongly benefit from this so-operation and the result will be an even stronger position for both parties"

Eurodis already holds a high quality profile inventory of Infineon products, available for immediate resale into the new territory. For further information, please contact:




Dr Albert van der Wijk
Vice President Marketing

Small article on possible takeover.

Can`t seem to get the link to work but address below for intrest

http://www.guardian.co.uk/business/story/0,3604,1418053,00.html

EuroDisEl make a plausable announcement (bluetooth distribution) and we are expected to get excited about all that kit flying off the shelves....
/
So how come (after some upward reaction), the sp is still heading down?
/
This company looks to be a serial disapointer - or am I reading the graph the wrong way up?

I can't see anyone wanting to buy ELH. Their competitors might be just as pleased to see them quietly go out of business or buy them from the receiver for 1.

This has been dying slowly for a few years now.

Company suspended on the stockmarket yesterday as credit facilities witthdrawn and bid talks failed.

LONDON (AFX) - Eurodis Electron PLC said it has appointed administrators because of its financial position.

It appointed Neville Barry Khan, Nicholas Guy Edwards and Nicholas James Dargan, all all of Deloitte & Touche LLP, to act as joint administrators of the company.

Khan was quoted a saying: 'It is our intention to allow the company to continue operating to support its customer base, while we seek a purchaser. A number of parties have already expressed interest with whom we have commenced discussions.'

Eurodis yesterday announced the suspension of its shares pending clarification of its financial position after the termination of merger talks the company had been holding since June 20.

No surprise at all really. It makes me really sad to see people lose money by speculating on complete garbage.

Since the date of their appointment the Administrators have been seeking to
achieve either sales of the companies in the Eurodis Electron group or sales of
the businesses and assets under their control.

The Administrators are hopeful that the disposals of either the companies or the
businesses and assets will be concluded satisfactorily in due course. However,
given the level of debt across the Eurodis Electron group, the Administrators do
not anticipate, at present, that there will be a return to Eurodis Electron
shareholders.

In light of this situation, there is no current intention to request that the
suspension of shares of Eurodis Electron PLC from listing on the Official List
and trading on The London Stock Exchange be lifted.

Link to FSA final notice of censure:-

http://www.fsa.gov.uk/pubs/final/eurodis.pdf

;-)))

remember this one suehelen. Another of your ramps

Hey Snip.....when did they let u out.

If u are going to dust all the threads then please be man enought to dust them all.....DOC, PMD, CLS, BSP, DMR, ETQ, ELH, CDN, WHOG, SIP

Just from the above DOC went up by 1000%, BSP went up by a 1000%, WHOG went up by 700%, CLS went up by 110%, ELH went bust, CDN went up by 10%, DMR is up by 50% so far......position is SIP was closed well before they went into administration. ETQ - made a profit of 25%....so evident on the threads....from 5 pence to 7 pence. PMD - loss of 25%.

Snip - go back and read some of ur rampish comments which didn't come off.

You have just joined the barmy army and good job you did because you're gonna show yourself up now as well.

PS. Those that listened to you and didn't buy DMR are already looking at paying over 0.50 pence for stock....they would have had to pay 0.35 pence if they listened to me. Just the start baby.....shouldn't have started this tit for tat.

Bit sad of you that you have suddenly appeared out of the closet like this. Never rated you highly.

Squelched.

The trouble is SueHelen all you do is ramp and say how wonderfull all the companies are when many clearly are not. If you said something like, very risky but worth a punt because..... then people who respect you. As it is you just seem to like pulling in more buyers when you have taken a position. That's pretty immoral.