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.

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.