Looking at Eurotunnel this morning and am considering buying as they have started rising but I am worried about their recent news. Could I please get some views on this stock?

Javid

little woman,

Granted, their debt is not a record holder but it is still scarily high given that forecasted income and traffic levels have never materialised - ever (please check this stat, it is very important when considering the management team of ETL and hence the viability of this company)!

Net interest payment for 2002 was 320m whilst they only turned over 570m during the same period, turnover has been on a *general* down trend for quite a while or at least flat. Does this not ring alarm bells with interest rates on the up?

Good luck.

I've done really well over the years with companies like ETL (and have done very well this year already with this particular share). There so many quoted companies that we should leave well alone, if you go by the fundamentals - but sometimes the share prices don't follow sound reasoning. They are many that believe in ETL and will buy the share. My target price is 42.5p to sell. If I'm lucky (yes a lot of it is luck!) it'll hit that by accident!

Good news in making a turn from ETL and long may this continue.

Just bailed out at 44.5p, could't get acceptance at 45p, still nice little profit of 232.00 in couple of days,pity I didn't go with my first intinct and buy 10,000 instead of 5,000. (Why are we always wiser after the event?).

I did the same, but at the end of the day a profit is a profit, especially welcome in only a few days!

Eurotunnel to report disappointing revenue and traffic figures tomorrow (tues).

What sort of difference do you think a win or lose by the rebel shareholders concerned who are wanting management change might make to this share price's direction.