I-nexus Global Share Discussion Threads

[paulypilot] 04/5/2006 14:21

Hi,

I actually agree with Kiwihope - it's sometimes better NOT to meet management, as you usually can't help liking them, and that can indeed cloud ones judgment.

As for any form of activism to oppose the possible sale of Home Gaming to management, I'm not sure that's a good idea. It's a people business (only a handful of them, at that), who could easily set up a competitor doing the same thing. So regrettably I feel it's probably the only option we've got.

That said, people are still missing the key point about selling off Home Gaming with an earn-out - namely that as a private company it will be able to operate a lot more aggressively, and hence drive profits back up again in a way which perhaps would not be possible as part of a plc.

It makes complete sense to hive it off in this way, leaving us with Brightview.

Regards, Paul.

[k123] 04/5/2006 14:14

If its so bad why are so many buys?

[sven2006] 04/5/2006 14:10

Nice stock picking RBonnier - LOL

[kiwihope] 04/5/2006 14:03

GSands,

I've come to the view it is a good idea for most people NOT to meet management. I've only been to a few agms and have liked most of the directors. But I think that clouds your judgement and you can be more hard-nosed just doing research from a distance. The only time it may be worthwhile is if you can do it very thoroughly, and learn a lot about the whole business (the scuttlebutt thing). But for most investors this isn't practical.

[gsands] 04/5/2006 13:47

Kiwi,

Regretably I find myself agreeing with you.

I know Paul has met the management, so maybe he has a different view of the situation and believes that their attempt to sell the gaming division to themselves on a deferred payment basis is being done in the best interests of the shareholders.

Sounds a bit naive to me, but maybe a different picture will unfold as time passes.

[rbonnier] 04/5/2006 13:37

Hi Paul

With the home gaming division still profitable and cash generative to what extent who knows the sale of this should be blocked I believe we should lobby to achieve this.The database is valuable as it has over 300,000 names on it all who of which have contributed to a highly profitable business in the past.
With the right management and prizes not a carriage clock! the home gaming division can be revived.
Indeed if we were offered 10 million for it cash then under the circumstances Id say take it.But to get nothing for it but defered payments whilst Brightview sinks in this cut throat business is just not an option shareholders should accept,surely the sale of the home gaming division would have to be passed at either an egm or agm .If this is the case the vote should be no the current directors dont own many shares.No doubt Paul Hargrave will be coming back on board after having depressed the share price with his sales to swoop like a vulture on the prize pickings.

[vs] 04/5/2006 13:11

Let's see... the company puts out a statement at 7:01am, and Fusey opens the thread at 12:00 claiming he predicted the warning. I think his time machine is up the creek. LOL

INX investors exit as fusey predict a profit warning ! (INX) Add Favourite
fusebox - 04 May'06 - 12:00

[kiwihope] 04/5/2006 12:48

I've kept an eye on invox for a while. Decided some time ago not to buy in , no matter how low the share price The main reason ... total lack of confidence in management. They vastly overpaid for brightview. If they can make that sort of mistake once they can make it again.

If you don't have confidence in management then nothing else matters ...

[paulypilot] 04/5/2006 12:45

Hi,

I've bought another 60,000 this morning (2 lots of 30k), jumped the gun a bit. Currently have an order in for another 200k shares, but way below the market price - just in case there is a large holder who wants out at any price !


fusebox - 4 May'06 - 12:17 - 513 of 513 (premium) (Filtered)

You know it makes sense ! This poster just has some weird personal vendetta against me. Pointless even reading his posts.

Regards, Paul.

[rbonnier] 04/5/2006 12:42

Call an egm lobby invoxs institutional investors to block the deal and have Paul Parry removed he clearly hasnt got a clue and get someone in like Paul Scott who could change invoxs fortunes round with fresh ideas and an enthusiastic approach.The more I read todays announcement the more I feel we are being stitched up, but get a big proportion of the voting shares behind us and we can do something about it.We will achieve nothing of course apart from probably worthless share certs if we dont.

[fusebox] 04/5/2006 12:17

The market follows me not numpties like you and pilot!!!

[rbonnier] 04/5/2006 12:16

He wouldnt get 30p for it today more like 13p you numpty.lol.!

[fusebox] 04/5/2006 12:13

Possibly pp dumping his stock.

[fusebox] 04/5/2006 12:13

Possibly pp dumping his stock.

[gsands] 04/5/2006 12:11

It's basically the buyer which is currently holding the bottom up. Otherwise we could be a lot lower.

May it's Paul going in for double or quits.

[rbonnier] 04/5/2006 12:09

No its not you numpty.lol.!

[fusebox] 04/5/2006 12:08

450,000 trade gone through and i cant see anyone wanting to buy this dog share so its probably a sell.

[fusebox] 04/5/2006 12:06

450k probably a sell!

[rbonnier] 04/5/2006 12:05

Someones serious 450k at 30p.!

[gsands] 04/5/2006 12:04

Fusebox,

You know that is not correct. Paul has invested here with the best of intentions- like the rest of us. Unfortunately is has not worked out.

Back on filter for you I'm afraid.

[fusebox] 04/5/2006 12:04

Paulypilot has lost more and more credibility keep your eyes on IND its been over ramped by him and is due a severe correction imo.

[fusebox] 04/5/2006 12:02

Be warned pp is a known ramper and has led investors up the garden path.

[gsands] 04/5/2006 12:02

Paul,

Sorry for the tirade - no offence meant or intended.

I just find todays announcement quite a surprise re the sale of their home gaming division.

Maybe I am being over cynical but I smell a rat here and I don't like it.

I am holding my current stock on the basis that it appears to cheap to be selling.

However, I certainly wouldn't be commiting any more money here until the fog lifts. Good luck to you if you are.

For me this is now a bottom drawer holding to be visited from time to time to check for progress.

Condolences to everyone (including myself) who mistakenly bought this share as a recovery play. I feel that hope is a very long way off now.

Regards,

Guy

[fusebox] 04/5/2006 12:00

The share price has crashed just as i predicted...

Holders of this stock have been ducking and diving for years and could end up losing the lot...



This stocks definately going nowhere now but down.

Evil shorted this stock some time ago.



Paulypilots ramps have failed to do anything with the share price.

The co to dispose of home gaming and concentate on Brightview is imo high risk.



Carphone warehouse offering free broadband is bad news for Brightview.