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Eurodis Electron - The Bounce Back Up is about to Happen... (ELH)     

SueHelen - 09 Jun 2004 00:19

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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.

SueHelen - 26 Nov 2004 20:43 - 81 of 114

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.

Big Al - 26 Nov 2004 22:30 - 82 of 114

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






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

Well forecast Haystack. ;-)

Haystack - 26 Nov 2004 23:14 - 83 of 114

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."

Dil - 27 Nov 2004 01:02 - 84 of 114

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 !

Scripophilist - 27 Nov 2004 01:08 - 85 of 114

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

Dil - 27 Nov 2004 01:17 - 86 of 114

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

Big Al - 27 Nov 2004 19:34 - 87 of 114

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!

Scripophilist - 27 Nov 2004 20:10 - 88 of 114

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.

jimwren - 22 Jan 2005 09:25 - 89 of 114

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

Dil - 23 Jan 2005 05:41 - 90 of 114

Nice one Sue .... another cracking call.

Gausie - 23 Jan 2005 06:05 - 91 of 114

Lol - the stochastics are moving towards overbought :-)

Haystack - 23 Jan 2005 15:56 - 92 of 114

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

jimwren - 31 Jan 2005 14:01 - 93 of 114

Directors have started buying - see RNS 31/1

ism4eel - 31 Jan 2005 16:38 - 94 of 114

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

hangon - 02 Feb 2005 15:03 - 95 of 114

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.

hangon - 02 Feb 2005 15:13 - 96 of 114

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.

ism4eel - 02 Feb 2005 16:28 - 97 of 114

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

daves dazzlers - 03 Feb 2005 16:20 - 98 of 114

Any thoughts on this of late ?

ism4eel - 03 Feb 2005 17:23 - 99 of 114

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

tangle - 08 Feb 2005 21:18 - 100 of 114

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

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