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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| IN House | IHGP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 14.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 14.00 | 14.00 |
| Top Posts |
|---|
Posted at 09/8/2010 13:04 by festering pustule Five In House businesses enter administration Five companies owned by Warrington property investor In House Group, the former AIM-listed business, have gone into administration. Ernst & Young were appointed administrators by the Dunfermline Building Society after the group breached a loan agreement. The companies entering administration are Avanti Properties, Berrymount Developments, In House Property Projects, Compustar and Decaton. The group's shares on AIM were cancelled in January 2010 and the directors were hoping that a Plus flotation could help to save the business. However in a statement, the business said: "Despite our efforts to rescue the company with a new Plus floatation, which has taken up a great deal of our time and resources, the bank has pulled the plug on our facility." It added: "The reason given by the bank was that we have breached our loan to value covenant. Although we would imagine nearly every property loan in the UK is in a similar position, the bank did not wish to listen to any of our valid proposals for correcting the position." Ernst & Young said it plans to sell the group's portfolio of buy-to-let properties in due course. In House Group reported a pre-tax loss of £2.1m for the year to 30 April 2009, compared with a loss of £787,000 a year earlier. Turnover fell by 48 per cent to £643,000. |
Posted at 19/8/2009 11:58 by intuitiv100 Still dont understand the atmosphere here, this company is still running and surviving even though the Uk is in real hard times! even managing to get investors to put in money! never seen clowns do that before! looks like the directors of this company have sacrificed a lot too as the previous announcement seems to suggest they worked for very little for quite a long time! i think thats quite commendable. |
Posted at 14/5/2009 14:11 by tiltonboy reba,Unfortunately I was talked/persuaded/con I'm a professional investor, so I'm more disappointed that I fell for it, rather than the loss of money. One ex director has been in deep trouble for being involved with a "boiler room", but I believe his shadow remains at the company. I can't say what I really think, as I would be in a lot of trouble. I've managed to sell a few recently, and would have sold the rest if I could. tiltonboy |
Posted at 02/4/2009 16:20 by intuitiv100 If these investors do come in it may be quite good for In House Group, especially as property prices as low now and rents havent come down. |
Posted at 01/4/2009 13:02 by andrbea given the big falls = 'priced to go bust' IMOperhaps the price rise today points to faint hopes of survival (ie funding hopes?) "The Company is also in discussions with several investors with a view to completing a refinancing of In House" just guessing nia dyor |
Posted at 16/12/2008 15:59 by f 10 Largish trades have been appearing last week....short selling no doubt (by CIH and UEB)... knowing full well they would be getting the shares soon.Who's been buying ? the usual gullible get rich quick investors being convinced by the hard sellers ..... |
Posted at 09/12/2008 10:40 by f 10 Shareholders, are you on the ‘suckers list’?By Chris Marshall | 16:24:00 | 08 December 2008 Investors are again being warned of the danger of boiler room fraudsters. The City regulator is concerned that fraudsters have the personal details of 11,000 UK shareholders on a shared ‘suckers list’. It has written to those on the list, which it believes has been sold from gang to gang. The gangs use the personal details to target their high pressure sales pitch, during which they offer non-tradable, overpriced or even non-existent shares. The FSA’s head of retail enforcement Jonathan Phelan, warns: ‘These criminals sound authentic, are smooth talkers and can be very persistent. If anyone calls you out of the blue offering to sell shares, just hang up or you stand to lose a lot of money with very little hope of ever getting it back.’ In the summer the FSA warned of a scam aimed at UK shareholders in failed stockbroker Pacific Continental. It said it was aware of at least ten overseas ‘recovery firms’ that were cold-calling UK investors who owned shares in Pacific, the London stockbroker which went into liquidation in March this year. These ‘recovery firms’ were offering to put the shareholder in touch with a buyer or even to buy the shares themselves, the FSA said. However, they would demand an advance fee before proceeding. Another investigation centred on two North American based-companies, Rocky Mountain Gold Mining Corporation and Rocky Mountain Gold Mining Inc. The regulator found that UK investors had sent £1.25 million to the unauthorised investment firm. It returned £1 million returned to investors earlier this year. The FSA gives the following advice to prevent people becoming victims of the next scam: - Check that anyone offering to sell them shares is registered with the FSA; - Call the company back using the details in the FSA register to verify their authorisation; - Report any company that cold calls them to sell shares, to the FSA; and Hang up the telephone if the caller persists. |
Posted at 16/10/2008 14:57 by waynerwayner In House Group PLC Big Business!Posted by: In House Group PLC - 15/10/08 @ 6:30PM In House Group are pleased to announce the offer for sale of our largest portfolio to date. The Giant Portfolio as we have named it, is for sale at £350 million pounds! The portfolio increases the calibre of In Houses sales department with covenants from Abbey National, Axa, T- Mobile, AMEX, HSBC, IBM and PWC to name but a few. Claire Boon, In House Groups Business Development Manager commented, " This marks a great occasion for us at In House, as in this time of doom and gloom concerning the credit crunch ,we can take satisfaction from being able to attract and supply quality investment stock for those lucky investors that have the ability to pick up incredible deals that we are now able to offer." ==================== In House Abroad Celebrates its 2nd year Anniversary! Posted by: In House Group PLC - 13/10/08 @ 5:45PM In House Abroad , In House Groups PLC's dedicated foreign property portal celebrates its 2nd Birthday!! A whole host of foreign property has been offered and sold through In House Abraod and the site continues to offer investors and holiday home seekers the best of choice from the worlds portfolio of properties. In House Abroad can be found at www.inhouseabroad.co A special news event and showcase will be taking place in the very near future ! watch this space!! |
Posted at 26/6/2008 19:31 by ed winchester Boiler room swindler bankrupted by FSAThursday 26th June 2008: 12:49 By John Bakie The FSA has obtained a bankruptcy order against Samuel Nathan Kahn, who helped boiler rooms illegally sell shares to UK investors. Kahn had tried to get around his £3.7m liability through an Individual Voluntary Arrangement (IVA), but the regulator successfully applied for bankruptcy to reclaim the full amount from his estate. At the time, Kahn was in charge of Chesteroak Limited and Bingen Investments Limited, which illegally sold shares through boiler room scams. In January 2007, the regulator was able to freeze the assets of Kahn and his companies for dealing in shares without authorisation. In September last year, both Chesteroak and Bingen were liquidated. Kahn admitted liability for claims made by the FSA on behalf of around 800 UK investors, but disputed the amount of £3.7m. He then placed himself into an IVA in an attempt to avoid his liabilities, but the successful bankruptcy application means the full amount can now be claimed against his estate. Jonathan Phelan, head of retail enforcement at the FSA, comments: “We will use every power available to us under the law, including freezing assets and making people bankrupt, against any UK company or person who helps boiler rooms steal money from investors. “The bankruptcy order will ensure that Mr Kahn’s affairs are investigated which could mean that investors get some of their money back.” However, the firms were not FSA authorised, meaning investors cannot complain via the ombudsman or make a claim from the Financial Services Compensation Scheme, and Phelan says investors should always check a firm’s authorisation before committing their cash. |
Posted at 29/4/2008 11:51 by grassyknoll Inside Track axes property seminarsSimon Lambert, This is Money 10 March 2008 Inside Track has axed its buy-to-let property seminars in the wake of sliding house prices and tight lending conditions for new-build flats. Britain's biggest buy-to-let property investment company, which enticed prospective buy-to-let entrepreneurs on to £2,500-plus courses, has suspended all seminars when its current run draw to an end. The company built a business model on claiming buy-to-let investors could make large profits with its expertise and deals with developers on mainly new-build one and two bedroom city centre flats. But a glut of new-build flats on the market meant properties have lost value and rents failed to deliver, and banks and building societies have begun heavily scrutinising or even refusing to lend on developments. Inside Track will axe 40 staff and suspend its seminars once already booked events are completed. Its last free workshop designed to attract people on to paid-for two-day courses is on 26 March, according to its website. The company has three other arms which will continue to operate Fuel mortgage brokers, agents Instant Access Properties and management/support wing AfterCare Solutions. Tony McKay, managing director, of Inside Track said: 'Our seminar company has seen a fall in the number of people who want to invest in the property market for the first time and that is understandable in the current climate.' Inside Track advertises heavily for potential buy-to-let investors to come on free workshops where they are then told of the benefits of paying for two-day property seminars costing around £2,500. Here potential landlords are told of the financial benefits of building up a portfolio of properties and the discounts Inside Track can gain them. To invest they must pay a further fee of up to £10,000 and a subscription. Its advertising material says Inside Track helps people 'crack the 'inner circle' of property investors.' It says: 'These are the people making deals and serious money buying and selling new houses while they're still being built.' Properties are typically city centre flats, with many in Leeds, Manchester and Birmingham, and also overseas properties in locations including Florida and Spain. When these markets were booming and prices were rising rapidly investors found it easy to make profits. However, Inside Track has continued to promote the same methods of investing despite a slowdown in the new build market. Inside Track claims to have helped thousands build up substantial portfolios and make money but many investors say discounts have failed to meet claims, rents have not managed to reach required levels and they have lost money. |
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