Iaf Group Share Discussion Threads

[mryesyes] 01/12/2008 03:30

Thank you and be grateful you only had a small holding when the share had to go this way, and thank you for putting your money into IAF, as an associate I always know who to thank and when. Goodbye

[2trying] 30/11/2008 22:51

I thank you for your very interesting poat mryesyes .

I'll certainly have to think about the points you have raised .

Thank you again -

John

[mryesyes] 30/11/2008 22:23

Yes I can point to Sunderland FC which bravely delisted its shares announcing that the PLC (with a low share price) was not viable i.e. holding a rights issue or an offer to others would sell a whole chunk including overall control
for less than could be realised by putting the PLC into mothballs and massively increasing the equity on offer that could be sold to a completely new organisation
OK I accept that we used this as a device after the FA started pointb deduction for going into administration and looking for backers
Can you accept that in your position as a shareholder in a delisted PLC OK, but as a potential technical director that I can now poach from a competitor and offer eqwuity to and an overseas millionaire I can now sell a non listed stake even a 50% stake in IAF to it is a good thing in the round?
Please do not talk about dumping the shareholders and reselling their assets as that is not constructive. There are laws which do not prohibit IAF's strategy and a lot of beneficiaries and I do not only think about myself

[2trying] 30/11/2008 17:27

mryesyes - thank you for your post / point of view .

I have no intention of falling out / arguing with you , however -

I have experience of involvement in a de-listed company , the share price of
which dropped like a stone , and has remained so . Liquidity / transactions
in same , varies between nil and zero .

Surely the same will apply to IAF ?
So we have to wait for dividends to see a ROCE ( our own , of course )?
Not good , surely ?

If this were good news , why then , are we the biggest faller on the market ?

Now - I ( obviously ) hold shares in IAF - which I purchased in May this year ,
along with warrants . The warrents I assume are now worthless . Nice .

You state "After we have delisted we can raise new funds, develope(sic) and
incentivise new staff and facilities" - I am somewhat puzzled -
What / where is the improved situation of raising new funds after delisting ?
What / where is the same on facilities ?
Likewise regarding staff motivation ? I'd have thought share options
were an excellent way of same - now no longer an option .

You state "freed from the contrictions of a listing we found that with that scenario new investors were willing to back us"....as you speak in the past
tense , I presume you have experience of a similar situation .
Would you be so kind as to expand ?

Now - on a positive note - I also buy and sell shares via JPJ and have
found their people ( whom I have chatted to , both on the phone and email
sometimes even at eight o'clock at night ) to be incredibly helpful -
and twice , they have bought me shares in companies X and Y below bid !!!

Again , let me emphasize - I am not arguing , we're on the same side ,
I wish everyone the best in their investments .

John

[mryesyes] 29/11/2008 22:10

I think you have to look at things from the company's point of view. After we have delisted we can raise new funds, develope and incentivise new staff and facilities and freed from the conscrictions of a listing we found that with that scenario new investors were willing to back us and everyone wins.
You share certificate is not worthless. It is a part holding in a fast growing well incentivised team of professionals.

[dell314] 28/11/2008 08:11

Sept 01 2008:

During the current year the Board expects, despite market conditions, to make substantial progress towards our goal of a broadly based profitable group.

The key issue for that Company is that the regulatory capital requirement of IAF Securities is met and the business has sufficient working capital for the future. At the year end the consolidated cash and cash equivalent balances were £0.9m (2007 - £0.7m). The Company is confident that current resources, are sufficient to meet its requirements.

The year has made an encouraging start. Trading in the year to date has exceeded budget, with turnover for the first two months of this year ahead of the equivalent period for 2007/2008 and it is expected this trend will accelerate.


28 Nov 2008:

As the Company approaches its half year, it is already likely that results for the full year to 30 June 2009 will be below expectations.

The lack of an institutional shareholder base has limited the Company's ability to raise capital from the stock market to grow the business organically and to effect acquisitions..............

The Directors have concluded that it is no longer in the best interests of the Company and its Shareholders to maintain admission to AIM of the Ordinary Shares.


I think they mean, "thanks for your support. We'll have our company back now!"

Just another AIM atrocity.

Rgds
dell

All IMHO, DYOR etc.

[clocktower] 13/11/2008 10:17

Whatever it is you can bet that it will not benifit small investors and minority holders.. It seems IAF provide as little information to them as the majority of the companies that J P Jenkins offers a matched trading facility for - if you can call it that. IMO they act as market makers - taking a fee from all sides.

All they do really imo is to provide a smoke screen for companies that were listed on AIM to do as they please.

[randolph and mortimer] 20/10/2008 14:36

What's the next step re. re-capitalisation?

[clocktower] 30/9/2008 08:36

Thanks for that 2t - very well spotted. Murky waters?

[2trying] 29/9/2008 18:50

interesting stuff
note the date

then , read today's news release from IAF

[clocktower] 01/9/2008 10:43

Results - more losses!
More dilution on its way or what?

[clocktower] 26/8/2008 11:09

Has any minority investor alive, ever seen the share register?

[clocktower] 18/7/2008 16:47

other boards on other sites seem to have few posters either if I am correct or please correct me if I am wrong but I understand there have only been 10 posts on the iii board since 1999.

Are all minority shareholders dead?

[clocktower] 15/7/2008 13:46

What a shower this bunch are.

JP Jenkins it seems does not respond to e-mails about their service and the fact that thier website does not operate fully. It it failing to provide the trades or mid prices I understand.

The FSA want to look at their practices imo.

[clocktower] 09/7/2008 16:07

A trade today of 5000 shares so there is some form of life after all but I guess no advfn poster.

[clocktower] 25/6/2008 13:12

Are there no living shareholders of IAF that are registered with advfn or have any interest in this AIM company at all?

[clocktower] 10/6/2008 10:58

Having looked at the pdf dated 28.04.08 Re: Trading and the placing the concern is the Warrents.

What are the exact terms of these warrents?

What if in the future these two parties that have known each other since 1978 were to agree to form a concert party and apply to the takeover panel for a whitewash - do you think ttp would prevent it or take any action in favour of minority shareholders?

[clocktower] 10/6/2008 09:16

handycam,

I have not looked deeply into the history of this outfit but in view that they are FSA regulated and in buying JP Jenkins have wide ranging responsibilities, there are matters that on the face of it appear to need explanation.

The recent increase in AIM companies de-listing and turning to so called matched bargain basis on JPJ is also a matter of concern as it would seem that they are not even providing this information fully on the JPJ website as far as I can see.

If any current stakeholders have concerns I would like to hear more about them.

[handycam] 09/6/2008 21:50

Hi CT,

This company - and it's not really a company - is finished. For example, what happened to the money from the planes?

[clocktower] 09/6/2008 15:32

One thing I have noticed in respect of IAF is that in the RNS dated 22.03.2007

IAF stated they had expanded its services into the real estate sector - I wonder if MGP as real estate providers are in any mutual discusions?

[clocktower] 09/6/2008 15:05

RNS - 28.04.08





I notice this has a sizable Concert Party, and who are the certain members( members) of this CP?



When I looked I could not see Mercury on the JPJ website - are the shares matched by JPJ or not?

[nissi beach] 30/6/2004 13:12

lots of buying activity again and at high levels directors buying is good sign