Moneyback on Petrol:
£9.94m
0.000p
1.05p
Date: Thursday 14 Jul 2005
LONDON (ShareCast) - Eurodis Electron was suspended today as the electronic components maker lost the support of its lead bank leaving it on the brink of bankruptcy.
The group announced last month it was in merger talks with an electronics distributor but said today the potential acquirer had decided not to proceed.
Eurodis added “Our lead finance provider has decided to reduce facilities to a level that the Board believes makes the ongoing business unsustainable.”
The group was forced to request the suspension of its shares with immediate effect and is now reviewing its options.
Shares have lost three quarters of their value over the last year and Eurodis did warn in May of recent poor sales and said cash was getting tighter.
| Currency | UK Pounds |
| Share Price | 1.05p |
| Change Today | 0.000p |
| 52 Week High | 0.000 |
| 52 Week Low | 0.000 |
| Volume | 0 |
| Shares Issued | 946.59m |
| Market Cap | £9.94m |
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| Price Chg 6m |
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| Latest | Previous | |
|---|---|---|
| Final | Interim | |
| Ex-Div | 02-Oct-02 | 20-Mar-02 |
| Paid | 01-Nov-02 | 08-Apr-02 |
| Amount | 2.50p | 1.73p |
| CEO | Steven P Swayne |
| Finance Director | Bill Alexander |