|Independent Intl Inv Research
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|fatso: many thanks, took note of this.
The lowest price paid, ever, was mine- 1.5p for 10K IIR- but the price bounced
afterwards up- a typical dead cat bounce.
How much one would be expected to pay for a IIR share today?
I think a 3p per share for a going concern, might be a start
Will register when spare cash to hand.|
|scrapheap: Well said... agree with every single word & more.
For example, how is it putting our interests first by delisting and only after that, then exploring matched basis trading as it says in the RNS. Why not do that before so we aren't totally left stranded. Then how about these massively increased non-money option costs, how come they have increased so much given the share price performance and that they aren't working either!
I wondered if these mgt costs were a reference to having to deal with we fussy, difficult private investors contacting them with our pesky, probing questions.
Afterall we've only bought tens of thousands of pounds worth of these shares because we were foolish enough to believe the investment case laid out by the board!
There are so many contradictions and unanswered questions raised in these announcements that any AGM could and should last many hours if we are to raise them all....|
I`m no expert, but if the company have information that affects the share price they must inform the market. In this case they need time to work out the implications of the settlement etc , so rather than take the risk of leaks to the market ( which may produce a false market in the shares ) they have suspended until they can inform the market of the implications of the settlement etc.
At this stage, i believe they have acted appropriately.|
|fft: Looking at the documents from April, it appears that the IIR legal team hadnt handled the Precision Research side very well, so wanted to reopen the discovery phase. Google were given permission to do so, but not IIR. If my understanding is right, then that wasnt positive for IIR.
The last few months has seen all the deadlines extended (with agreement of both sides) as they have been in negotiation.
My gut feel is that Google have agreed a payment to IIR, but, and its a big but, this may not be much more than to cover the legal fees - so a moral vistory, but not enough to change the company. Legal cases in USA are not cheap and it will be interesting to see if we ever find out how much it cost.
The fact that the share price has not moved at all seems to back this, as good news would have leaked out...|
|lord gnome: Where's fatso? Shouldn't he be buying more to boost the share price?|
|tonyx: Looks like someone is selling banks/builders & putting it into the safe haven of IIR ;-)
Is it just coincidence that Barclays share price has halved since they made me redundant last year?! :-)
MJC-good job on the mag. Will look at in more detail later.|
|dale gribble: Afternoon James.
Shocking share price atm!
I'm sure these will recover when you see a bit more visibility from the company.
All the best mate
|mjcrockett: At last, I have a few moments to post my thoughts on yesterday's AGM. I am babysitting tonight for 2 grandchildren who have just gone reluctantly to bed. So this post will only complete tonight if they stay asleep.
Firstly, thanks to James2 for covering most of the stuff in his earlier posts - you're doing an excellent job here. I agree with all you've written, but did not note the customer's name that you refer to.
I came away from the AGM with a good feeeling that IIR are reasonably on track and do seem to have an exciting future. The directors seemed to be genuinely pleased to have us investors present and we had plenty of time for questions which were dealt with well.
On Google, we should expect something this month...or early Noember at the latest. All credit to the directors as they gave no idea of how good or bad the settlement will be. Personally, I think some investors (traders?) will be disappointed whatever happens - but at least we do not have long to wait.
On the subject of the Share Based Payments that have been appearing in the recent P&L's eating up the company's hard earned profits. David L explained that the company revalue the potential liability to the company with each Interim and Final results i.e. every 6 months. A major component of the formula used here is the company's estimate of the share price when the options vest (2008-2010). The company cannot publish this share price estimate as this would constitute a forecast. (It is interesting that the company took a £600k charge for share based payments in the recent interims when Insinger were reducing their forecasts.)
In the interims there were 2 'negatives' which were forecast to be resolved in the second half. I asked if they have been and one has and the other will be very shortly.
The final point I have noted is that the new service will almost certainly generate revenue in the current FY - i.e. in the next 4 months. I got the feeling that the directors are quite excited about this.
So a good meeting - apart from the price of the beer. My fault - I should have known better than drink in the hotel, particularly when there is a good bar just over the road.
|scrapheap: Well farewell to a disappointing month in terms of the weather and IIR share price albeit after an entirely reasonable, if not more, set of results.
I feel the disapponting insinger forecast has rather capped our short term performance but hopefully trading 'pressure' will force them to take the 'cap' off the price in the next month or too. We are 1/3 of the way through the new trading year afterall.|
|nickcduk: James - I was refering to IIR share price when saying it hadn't been swept along with the market euphoria in the US. I don't think IIR are that different to software companies servicing the big banks and brokers. When clients are doing very well, as they currently are, the likes of IIR will do likewise. Now we just need the markets to understand the correlation and move IIR higher.|
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