Member Info for EIE01

Will be interesting !!

There is no denying that the taking of the Donbas was always a key Russian goal.

Does this mean Ukraine simply rolls over, of course not, but it could signify the beginning of a slow down in the aggression.

https://www.express.co.uk/news/world/1634687/Russia-Luhansk-Donbass-advance-Ukraine-peace-Russian-Army-vn/amp

Cat - My personal opinion, I was never fixated on £1 plus.

I thought 80p - 100p and I’m extremely happy with that.

Times and situations change, and now I believe 40p -60p is a more reasonable expectation.

That said, 40p - 60p is more than agreeable to me.

Cat - Just out of interest what do you perceive the potential share price will be following a successful offer?

Shell previously announced their intention to pull out of Russia.

Putin has also stated that companies seeking to quit Russia could potentially have assets seized, this is not new.

CTC - I will be at the AGM

Scotty - So let's not go to one of the big 4 to seek advice in regards transactional structure/tax advice.

No, instead EUA should of chosen an accountant with an office over a betting shop in Wembley or alike!!!

Tygra - KPMG are not appointed as auditors, Grant Thornton are the auditors and have agreed to be re-appointed.

"The Company recently appointed KPMG as agent within Russia to further this strategy and although there can be no guarantees, we remain confident of a positive outcome from these discussions"

It is 100% clear that the engagement of KPMG is entirely related to the potential sale of assets.

Just added 1m

Still confident of a very good out come from here.

I can think of no other reason for the appointment of KPMG other than advising on the structure of any deal in regards tax.

KPMG certainly aren't looking for buyers.

Ian

There are probably a number of longterm holders who have a significant holding that wished they had sold at 40p.

That said i would imaging those same investors never for one moment imagined there would be a 'special operation' plus additionally the messages from the company were always positive.

I personally think the noises the company are still making is that a deal will happen, but obviously is taking a far longer time than we all anticipated.

If/when a deal is announced at what price is the question.

Personally i was always perfectly content with a price of 80p-100p, in fact extremely happy.

Now i would be happy to take 40p-50p and the buyer would be getting a very good price at that amount.

So assuming if 40p-50p were to be the price that a deal was struck, then no need for longterm holders to feel that wished they sold earlier, they would get that price.

The issue will be that due to the situation with Ukraine it has resulted in the prospect of an extremely lucrative deal being scaled back, and these opportunities don't come along often.

Tilly - Any reason you keep posting ‘sad war rumbles on’ in pretty much every post.

I would imagine the majority, if not all, of posters are fully aware of this fact.

Kira - You aren't listening!!!

Cash alone does not equate to a dividend being able to be paid.

For a company to pay a dividend it requires two elements, sufficient cash and sufficient retained profit on the company balance sheet.

Both are required, no offence but you are talking nonsense when just referring to cash.

Kira your not looney?

What so you say draw than on the loan facility in order to pay dividend...........lol thats a great one!!!
Or
Not realising a company requires sufficient reserves on the balance sheet in order for a dividend to be paid...........priceless!!!!

Cat - But a requirement of the AGM is notice of 21 days be given, as such I don’t see how it would be possible that the AGM will be held in June.

Anyway last comment by me on this, as in the scheme of things a short delay is not relevant.

Cat - I’m not familiar with all the regulatory requirements in regards announcing the AGM date, but like you state, a basic requirement is no later than 6 months post financial year end, in EUA case meaning 30th June.

Additionally at least 21 days notice is required.

One requirement of the AGM is the presentation of the financial statements to investors, this requires the issuing of those financial statements before the date of the AGM.

So to me I’m unclear how the AGM will be held in June, unless accounts finalized in two time and can a shorter notice period be used to notify investors of the AGM.

In all honesty I’m not that bothered about it, worst case I’d say AGM delayed by 3 weeks.

You can have all the cash in the world, but you need capitalized profit as reserves on the company’s balance sheet in order to pay dividends.

EUA will pay a dividend once those reserves are created, and that will only happen when the transaction completes.

The RNS states the annual accounts expected to be issued and published before end of June.

The AGM can’t be held before the accounts are issued, one of the requirements of the AGM is to present the annual financial statements.

I would suggest when the BOD are sure the statements will be approved and signed off a notification of the AGM will be issued.

I would suggest middle to last week of July will the AGM date.

Personally I can’t get to excited about it, but who knows, perhaps another four weeks will enable transaction to finalized and be incorporated in the AGM.

Kira how do you purpose a company pays a special dividend without sufficient reserves, let alone cash.

Please enlighten us holders.

Stating the obvious, but some form of news/update desperately needed by the BOD.

Hard to believe after all this time we are still awaiting completion or even simply more details.

Extremely frustrating.

Surely even allowing for current Ukraine situation, any transaction must surely be in the region of £2B.