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.

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.