I-nexus Global Share Discussion Threads

[jotoha1] 23/11/2006 14:13

I have it on good authority , and the source is always correct that both Man and the secretive Mr F have both been shorting, they nearly have their money back and will let it go long when there are some new developments, it's so easy in this market!!

[loganair] 23/11/2006 09:44

RBonnier - I agree, why build a 14% stake then short? I was just asking is it possible to find out who is shorting and by how many and how did jotoha1 come up with the idea that Mr F is shorting.

jotoha1 - Why do you think Mr F is shorting? & How did you find out about it?

[rbonnier] 23/11/2006 08:10

How can the secretive Mr F be shorting when he is quietly building a significant stake in the company ?

[loganair] 23/11/2006 01:56

INX own £1 worth of DM stock, therefore at the current valuation Brightview is being valued at only 2 months turn over. My understanding of Brightview is they have a good name in the industry. I do not believe that people are leaving Brightview in droves.

In my humble opinion, Brightview is too small and would be better selling itself off to the highest bidder as it would be a good fit for many other larger internet providers.

RBonnier... 23.5p + the DM stock = 30p. I'm willing to give Brightview a premium of 10p making a bid around 40p. I do not believe the Command Fund will sell for a loss. If anyone is willing to take the chance, one could make a 100% plus profit from here within the next year.

INX have money in the bank, the 11p per share profit they kept. Why would Barclays pull the plug. If I had some money in the bank and a mortgage, I would pay down my mortgage and would hope INX will do the same.

I know it is easy to find out how many shares are being shorted. How does one find out exactly how many shares the secretive Mr F is shorting.

[jotoha1] 22/11/2006 15:57

Well it looks like MAN and the secretive Mr F have shorted this to these levels, so they are already in the Black , this clearly has a health warning attached!!!!!!!!!!!!!

[rbonnier] 22/11/2006 15:48

There has been a lot of valuations and write ups on this disaster story.The most recent one put a valuation of 11.6p on this .This shows how inaccurate and dum some journalists and analysts are as they said 50000 subscribers value £120 each = £6 million - debt of 3.7million = 2.3million .
Unfortunately the guy who wrote this forgot the 2.7 million in the bank !
So on his matchbox calculations £5 million is more accurate which gives an share price of 23.5p.
This gives no premium for the high quality brand names Brightview and Madasafish there still could be a bid around 30p.

[loganair] 22/11/2006 14:46

RBonnier - For the last fiancial year INX made 11p per share or around £2m and kept the whole lot for themselves. With this £2m INX could drastically reduce thier £3m debt.

I'm just an ordinary bod and find the free broadband more trouble than it's worth and therefore pay for mine which I'm sure many of the Brightview subscribers will continue to do.

My scratched record question, why did Fiszman, Command and Man pay what they did for their stakes and Fiszman has kept increasing his stake? and if any of these three had thought INX was about to go bust why have none decided to sell and at least recover 50% plus of thier original investment?

[rbonnier] 22/11/2006 08:54

"Profits for the current year will be significantly lower than in the year ended
30 June 2006. While we anticipate that we will continue to win new customers
with our combination of competitive pricing and top-class service, the net
profits of Brightview will inevitably deteriorate in the current year owing to
the continuing decline of dial-up business and stiff price competition in
broadband."

Heres a guess from the above what might be going on here.Brightview could be in trouble, with all the free Broadband services in the market place subscribers could have left in there droves leaving Brightview a loss making business.
Remember this is in talks with its banks it owes 3 million so if Barclays are not prepared to support a loss making business anymore as the future looks very bleak and its pulling the plug this is heading for suspension pending clarification of its financial position.

[loganair] 22/11/2006 00:51

barnetpeter - INX were paying twice this market value in dividends just a year ago. I think a total of 41p in dividends for 2003 & 2004.

The board of directors are obliged to say something as to why the share price has fallen off a cliff, as share holders we have a right to know if Inx is about to go bust. I never though I would ever see the share price at 10p.

I'm sorry if I keep repeating myself here. Has anyone any idea why Fiszman purchased his 14% stake for around 30p a share. A man like that just doesn't throw £1m plus down the drain, unless he is taking a tax loss or knows some thing us mere mortals don't and that he thinks there is some value in INX. And why after buying his initial 10% stake, knowing what is what with INX decide to up his stake further to the now current 14%. I note from other chat rooms, others are asking the same question.

Could the secretive Mr Fiszman be some how pushing the share price down to say 5p then come in with a bid and snap INX up for say 10p a share. Then no doubt later bring INX back with a massive load of debt at say 50p a share. Thereby Mr Fiszman making millions while us smaller fry get our fingers burnt.

Why would the Command Fund buy their 7% stake for 35p per share and Man's 6% for around 45p per share. In total, between the three, they have paid £5m and now their stakes are worth only £1m. They are able to do far better research than I and no doubt have done so. Between the 3, they own 30% of INX and paid in the region of 40p per share, with none deciding to SELL to cut their losses. If any of the three think that INX is about to go bust I would have thought at least Command and Man would have sold out when the share price was 18p not to lose their complete investment in INX.

[loverat] 21/11/2006 19:50

Looks doomed.

[barnetpeter] 21/11/2006 16:47

Cap now well below 2 million. Broadband a disaster and a profit warning coming? Bank pulled the plug? They were paying more than this mkt value in dividends just a year ago.

[the skies the limit] 21/11/2006 16:27

More than 30% down now this looks bust.

[ok,yah] 21/11/2006 16:21

it never looked like the basket case it now seems to be..This is either capitulation and the bottom or bad news leaking

[chapman123] 21/11/2006 16:20

also remeber Nigel wray being on the board and T1ips tipping it but they all get it wrong its costs me too......

[lqs] 21/11/2006 16:12

down 25% now
insider trading by the looks of it

[the skies the limit] 21/11/2006 16:11

Another paullypilot dissaster!

[loganair] 21/11/2006 15:57

As I'm in the middle of nowhere at the moment. Anyone by anychance has the Invox e-mail address? I've looked on my brokers web site, behold no e-mail address given for Invox.

[loganair] 21/11/2006 15:48

I'm not 100% certain of the date. I just took a quick look at my brokers site and that was the date being given.

Last years AGM was the 04th November 2005.

[rbonnier] 21/11/2006 15:44

So they couldnt even manage an RNS to say that all the resolutions had been passed.!

[loganair] 21/11/2006 15:13

I think the AGM was held 04th November. Pitty, I missed it as I'm overseas until mid-December.

[rbonnier] 21/11/2006 14:45

When is or when was this years AGM ?

[loganair] 21/11/2006 14:31

I think that the directors are obliged to say something, to put out some news as to why the share price keeps falling and falling and falling and falling.........

[loganair] 21/11/2006 14:25

Does any one remember the Investors Chronicle, Shares and a few others saying just over a year ago that INX is a BUY at £3.15. The IC again said BUY at £1.20.

[barnetpeter] 21/11/2006 14:21

This was a serious business at the start of 2005 - 280p share price and looking promising with a decent divi etc. Now priced to go bust. Banks ....

Financial

We are very grateful for the continued support of our bankers, Barclays Bank
plc. Given our aim of continuing growth in its broadband subscriber base, we are
in negotiation with Barclays to secure facilities consistent with that goal.
This may involve deferral of repayments envisaged under the existing agreement.