Kodak Alaris for Sale?

MattKing

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In general you need to read that link carefully, because the only thing that is totally clear in it (to us who are not in the UK pension business) is that it is entirely about UK pensions, and is written for an audience knowledgeable about UK pensions, using terms that are typically used when discussing UK pensions.
As for the sale of the part of Kodak Alaris' business that people interested in Kodak still film products are interested in, as I (sort of) understand it, that part of the business is profitable, but not sufficiently profitable to provide the returns that are considered to be sufficient for the needs of the pension plan.
If the pension administrators believe that they can get more for that business than they can earn from that business, it makes sense for them to sell it.
The real question for us is whether it will be purchased by an entity that will run the business well, or break it up and sell the parts.
 

MattKing

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I expect that of the assets obtained from EK, the leasehold interests and the property at Harrow and the non-photographic assets - the scanning equipment business and others - were what supported the price the Pension fund paid.
 

dutchsteammachine

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Kodak has released financial details from 2017 to 2018: https://www.kodak.com/us/en/corp/pr..._full_year_2018_financial_results/default.htm

"Eastman Kodak Company (NYSE: KODK) today reported financial results for the full year 2018, including a net loss of $16 million on revenues of $1.3 billion and continued growth in key product areas."

Highlights include:

  • GAAP net loss of $16 million for the year ended December 31, 2018, compared to GAAP net earnings of $94 million for the year ended December 31, 2017.
  • Revenues for 2018 of $1.3 billion compared to revenues for 2017 of $1.4 billion.
  • Operational EBITDA for the year of $1 million compared to Operational EBITDA in 2017 of $10 million.
  • Key product lines achieved strong year-over-year growth for the full year 2018:
    • Volume for KODAK SONORA Process Free Plates grew by 19 percent.
    • Annuity revenues for the KODAK PROSPER Press platform grew by 8 percent.
  • The company ended the year with a cash balance of $246 million.
  • The company entered into a definitive agreement to sell its Flexographic Packaging Division to Montagu Private Equity LLP, a leading private equity firm. FPD is presented within discontinued operations."

"For the year ended December 31, 2018, revenues decreased by approximately $61 million compared with the same period in 2017.
Kodak ended the year with a cash balance of $246 million, down from the December 31, 2017 cash balance of $343 million."
 

MattKing

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That is, of course, a different Kodak.
 

MattKing

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dutchsteammachine said:
KA still needs KE to produce film, no?
Click to expand...
Yes.
But not colour photographic paper and photo-chemistry.
And of course the additional complexity is that Kodak Alaris isn't for sale. Kodak Alaris (appears to be) selling the assets that we here are interested in - the business of selling photographic products.
 

mshchem

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I would think this would be a hot topic here. When Ilford was sold a couple of years back people were predicting the end.
In my rosiest scenario, a white Knight would swoop in and rescue Kodak Alaris and then buy out Eastman Kodak, take the whole thing private and put together a wonderful world of film and paper and E6 kits and Ektalure........
I hope that we at least keep what we have now.
 

Henning Serger

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Matt5791 said:
We have been trying to guess who would buy Film Paper Chemicals division of Alaris - Eastman Kodak, maybe?! This was suggested to me by one industry insider.
Click to expand...

Hello Matt,
hopefully it will be Eastman Kodak. That would end this artificial, unnatural separation of production and distribution of Kodak films. Getting all again back under the same, original roof is certainly the best solution for both - EK and KA.

Best regards,
Henning
 

chris77

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Why don't you just ask Trendland what's going to happen?

irony /off

sorry Trendland. the the poison has to get out. No harm intended!! cheers
 

removed account4

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chris77 said:
Why don't you just ask Trendland what's going to happen?
Click to expand...

its not being sold, but paul newmans is helping them out
i heard there were several different emulsions being worked on,
some were with egg yolks and olive oil which are very good on toast
and others with vinegar and cooking oil and spices, which are very good with peppery leaves.
 

chris77

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hahahahahahhaa thanks john
 

Helios 1984

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AgX

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Matt5791 said:
We have been trying to guess who would buy Film Paper Chemicals division of Alaris - Eastman Kodak, maybe?! This was suggested to me by one industry insider.
Click to expand...

Eastman Kodak just pressed that entity so to say on their creditors, as we understood.
Why then should they take it back? What has changed?
 

Helios 1984

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Sirius Glass

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I will take two rolls please.
 

MattKing

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