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IIR Ind.Intl.Inv.

1.25
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ind.Intl.Inv. LSE:IIR London Ordinary Share GB0009256867 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.25 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.25 GBX

Independent Research (IIR) Latest News

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Date Time Title Posts
18/4/201200:03Independent IIR Research Plc (Formerly TMA)6,598
22/6/200717:04last update under tma brand5
03/4/200719:33Ј2.5m Mkt Cap massive potential 3 bagger expected234
24/3/200721:42IIR Free Float Thread76
16/3/200709:14Only worth 4p on fundamentals14

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Posted at 18/4/2012 00:03 by fft
Just had a letter from Nat West saying that my holding in IIR is worthless.

I never realised !! :-)
Posted at 11/4/2011 07:46 by scrapheap
HMRC has already confirmed the capital loss in writing for my holding in IIR.
Posted at 01/3/2011 09:31 by risk assesor
sorry took a while to get it but this is what a friend of mine received , not sure it helps you but there you go !!!

----------------------------------------------------------------------------
To all shareholders and loan note holders



London, November 22nd 2010


Dear Shareholder,

I am disappointed to have to tell you that the board of the company has determined that as a result of a number of events, three operating subsidiaries (Pronet Analytics.com Limited, Independent Financial Markets Research Limited and Independent Research Pvt. Limited) are no longer viable. The board convened a meeting on November 10 2010 for the purpose of appointing a liquidator for a voluntary liquidation. All staff in the group have now been made redundant.

Those of you who have followed us closely since 2000 will recognize that we have struggled. More details addressing the background to this unhappy outcome are provided below, and I am writing to you today also to request any feedback or comments you may wish to make concerning our proposals for winding down the parent company.

Independent International Investment Research Plc has no other operating companies. All of the tangible assets were held by the subsidiaries and these (mainly desktop PC's) will be sold by the liquidator. The intellectual property assets, meanwhile, were provided as security for funding that I provided personally to the company earlier this year as we attempted to bridge a difficult period. Regrettably these assets have delivered little value, with or without a team of professionals to execute business.

Together with three former staff, I now intend to pursue a business activity which uses some of the intellectual property assets (notably the Irideus.org website and domain) – productively and profitably, at some point in the future, we hope. There are no revenues associated with these assets. Significant new investment will be required (£1mm) which we have no certainty of obtaining.

We also propose to acquire from the group one of the dormant companies (Irideus Limited). Similarly, no revenues are associated with this company or its services. The company has four arrangements in place with suppliers, but no clients.

If you wish to make any comment on these plans, may I please invite you to do so within the next seven days.

The result will be that IIR will become a shell company. Whilst it could be liquidated, the practitioner dealing with the subsidiaries has suggested that to save costs, we may wish to simply allow the company to be dissolved. I have personally funded the orderly liquidation of the three operating companies and cannot fund the liquidation of IIR. However should any shareholder or group of shareholders wish to do so, this option can be adopted. Again I would welcome your views in the next seven days.

Background and recent events
The IIR Group was founded in 1996 and was admitted to AIM in 2000 with a placing that raised approximately £4.6mm. There have been no subsequent public/institutional fundraisings. The original business was technical research on FX and commodities and the Group's business plan ran immediately into the challenges presented by the tech meltdown in 2000 and subsequent economic down turn. Attainment of breakeven required a number of strategy changes and took much longer than anticipated for the original fundraising. For the whole of the last decade, the Group has been under-funded but in recent years began a substantial positive trend in net earnings. Whilst still vulnerable, however, in terms of cash reserves, the Group has been impacted by three related events which it has proved impossible to survive.

Amongst the milestone challenges we have faced,

 In 2004 the Group had to begin long and costly legal proceedings to protect core intellectual property that was being infringed by a much larger company. This was a significant drain on resources.
 When the original technology built in 2000 to deliver our technical research platform needed substantial new investment around 2006, funds were not available and this product was necessarily discontinued.
 The Group began an initiative with a leading stock exchange in 2006 which took much longer than expected to reach market, in 2009.
 This initiative launched in very difficult conditions in March 2009. Adding to the problem, one of the three partner research providers failed to meet expectations for sales and marketing support, undermining the efforts and success of the others.
 The Group's IPO research service was withdrawn when the IPO pipeline evaporated in the credit crisis. Re-launched in January this year, it was successfully building a client base but too slowly.
 The Group's advertising-supported research model, Research Oracle, took longer to reach market than planned and didn't build a critical mass audience by the time revenues from the Global Research Settlement were winding down, requiring the Group to scale back substantially on published content.
 Our nomad withdrew from the market, and we were required to replace this adviser at short notice.
 A dysfunctional relationship with the replacement nomad which sapped our resources at a crucial time, and the costs of remaining listed, determined that we de-listed from AIM. This allowed us to focus on the business, conserved cash and extended our runway, but negatively impacted on the Group's ability to raise new equity funding during a rare window, and has made further funding harder to access.
 The change in the US regulatory environment that came with end of the Global Research Settlement in July 2009 reduced our revenues by 75%
 A contract with a client signed earlier this year had been expected to extend substantially in scale by now, but in practice despite great efforts from the dedicated team the first phase has proved problematic and with significantly less margin than expected.

Most recently,

 The Group's external web development firm effectively went into melt-down, leaving us without support at a crucial time.
 Our campaign to engage with several hundred prospective funders over the summer months met with little success, due to the state of the private equity and VC sector, our size, and the unlisted nature of our shares. However by the end of September, the due diligence stage had begun with several potential investors.
 Our funding proposition to these prospective investors was based in part on the expected conclusion of a 10-month negotiation with a major investment bank, for a significant number of licences of our Capital Connections product. The bank unexpectedly terminated this negotiation on 30 September, citing reduced flexibility in the context of a difficult year in equity capital markets.
 Our inability to demonstrate progress in this negotiation led to our bankers declining to provide arranged working capital facilities, which were contingent on this progress
 As a consequence of the impact on our solvency our current largest client terminated their contract.

Thank you for your support over the years. Please do contact me if you would like to discuss any aspect in greater detail.

Best,

Shane Smith
Chairman and Chief Executive Officer
Independent International Investment Research Plc
shane.smith@iirgroup.com

v: +44 20 7232 3090 f: +44 20 7232 3099 m: +44 7785 276 703


these are his new details

------------------------------------------------------------------------------

Shane Smith
Chairman & Chief Executive Officer
Asia Century Capital Limited Group:
International Capital Connections Limited
& Irideus.org, the Intermediated Research Initiative

shane.smith@capitalconnections.tv

Cell: +44 7785 276 703 Skype: shanesmithiiir Fax: +66 8456 525 858
Posted at 21/2/2011 12:19 by system5
According to the Company's file at Companies House, there is a proposal to strike the company off the register

I hold my shares through Barclays Stockbrokers but they tell me that they have not received any communication from the Company

I shall be grateful if any shareholder, who holds a share certificate, could confirm by reference to the Company No. 03882401 that we are indeed talking about our Company

In addition, if they have received any communication from the Company, I shall be grateful if they will post a summary together with any contact details for the Company

I set out the extract from the Company's file below:


Name & Registered Office:
INDEPENDENT INTERNATIONAL INVESTMENT RESEARCH PLC
24 LOCK KEEPERS HEIGHTS
BRUNSWICK QUAY
LONDON
ENGLAND
SE16 7PW
Company No. 03882401


Status: Active - Proposal to Strike off
Date of Incorporation: 24/11/1999

Country of Origin: United Kingdom
Company Type: Public Limited Company
Nature of Business (SIC(03)):
7487 - Other business activities
Accounting Reference Date: 28/02
Last Accounts Made Up To: 28/02/2009 (GROUP)
Next Accounts Due: 31/08/2010 OVERDUE
Last Return Made Up To: 24/11/2009
Next Return Due: 22/12/2010 OVERDUE


Barclays Stockbrokers are investigating the matter on my behalf and I will post any information that I receive from them

Thank you in advance

S5
Posted at 15/10/2010 08:14 by thinkbig?
this guy is a con man and nothing more, and has had are hard earned cash, the guy is a coward never answers his phone just has it on voice mail. he has nothing more than lied I have the e mails he sent me about g mail belonging to Iir and then later he says it was only rented to Iir.

will be looking at taking legal action as
Posted at 05/8/2010 19:26 by scrapheap
I notice that the IIR website 'latest news' and 'annual reports' pages are now empty... could this signal an upcoming release of information then?
Posted at 18/7/2010 18:14 by rob67
Hi James

What did you think to the Rovr presentations? I was a little disappointed in the overall professionalism from the ones i have seen. Its early days but the sound quality is still poor and the IIR backdrop on one was all crumpled!! The presenters will improve im sure but Satish does umm and err alot! Shane was pretty professional in his demmo tho.

They have been developing and demonstrating Rovr for quite some time now and so i hope it does prove to be popular as they do seem to be putting all their eggs into this particular basket!
Posted at 15/7/2010 11:59 by scrapheap
IIR reported as saying avoid the Ocado IPO...

Ocado Says GBP510 Million IPO Plan Remains On Track For Next Week
Ocado Group PLC, the online grocer that has yet to make an operating profit since forming 10 years ago, said Thursday its plans for a GBP510 million initial public offering on the London Stock Exchange are still on track.

Earlier Thursday, U.K. oil company Fairfield Energy PLC pulled its planned IPO to raise $500 million, citing market conditions. That raised speculation that Ocado could suffer a similar fate, since the deal has already faced sharp criticism from some investors and analysts who see its aimed-for valuation of around GBP1 billion as too high.

"We can categorically confirm that the Ocado IPO is proceeding according to plan," a spokesman said in an emailed statement.

"The Ocado team have had a great reception in the U.S. and are continuing with a busy roadshow schedule during which the management team are meeting a very large number of potential investors and the audience is very engaged," the spokesman said.

Ocado is looking to raise GBP200 million in new capital to pay down debt, improve capacity in its existing warehouse, and to help fund the construction of a new warehouse that would expand its distribution. Existing shareholders can sell up to 155.2 million shares, worth about GBP310 million at the low end of the 200-pence to 275-pence price range. Order books close on Tuesday.

Analysts at Independent International Investment Research PLC on Tuesday issued an "avoid" rating on the Ocado offer, saying that they see fair value at around 155 pence a share, well below the offer range.

Ocado, based in Hatfield, England, sells and distributes groceries for supermarket Waitrose, a unit of the John Lewis Partnership PLC, as well as some non-food products for John Lewis. It has about 1 million registered users, of which about 240,000 had used the service in the 12 weeks to May 16.

The selling shareholders include John Lewis's pension fund, Ocado's founders, cashing out part of their stakes, and Ubs AG (UBS).
Posted at 07/5/2010 11:46 by fatfish
been burnt by 2 irish companies so when i see its irish i run the mile, jarvis,well saw that coming as ime in the industry and was astonished when it went north not so astonished when it went south, i too wish for a relist but doesnt seem forthcomming iir will try sell ya shares for ya just need to let them know your interested, me, just hanging on hoping some good will eventually come.
Posted at 04/5/2010 13:37 by scrapheap
this is a bit odd - we settled ages ago for a couple of hundred thou' and that was when the fun and games broke out over whether the cash went to the Smith Trust or to IIR..

has it really taken google that long to clear hurdles to get gmail in the uk?
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