IN House Share Discussion Threads

[california joe] 19/11/2008 21:39

If it was 20 million shares for a tap washer, I bet the firm can't wait to be called in for a damp patch!

[esrimeur] 19/11/2008 21:37

Oh, it was just a question, Wiggy:-)

[wiganer] 19/11/2008 21:24

Does the surname begin with an E?

[gluefactory] 19/11/2008 21:18

Wiganer.The outside tap did need to be tightened on the property so it is unfair to suggest that 20,000,000 shares at .02p is not a reasonable consideration.And they did close the gate after them when leaving and didnt send a bill for that

[wiganer] 19/11/2008 21:16

Even by IHGPs standards the latest RNS is a bobby dazzler.

The word chutzpah springs to mind.

[gluefactory] 19/11/2008 21:05

Issued shares come from an extra large toilet roll kept in CEOs office(which is in the corner of the boiler room).Next ones for the Milk money and the Daily Star where he monitors share dealing

[tiltonboy] 19/11/2008 21:02

They may need to issue shares to pay for all these RNS announcements.

[california joe] 19/11/2008 20:59

20 million shares issued to cover a £4k repair bill?

Lol, they'll be issuing shares to the corner shop for the coffee and biscuits next!

2 billion+ shares in issue and a daily increase almost.

Maybe they should change the name to the Monopoly Group because they'll only ever be worth monopoly money!

[deanroberthunt] 19/11/2008 14:06

another one of those nailed on 50 baggers...that never was....lol....surprised? not on your nelly........only happens in fairy tales

[tiltonboy] 19/11/2008 14:01

F 10

Thanks for letting me know. I will run the balance, although it's tempting to try and get the price lower, so the next issue will be at 0.0003p.

[f 10] 19/11/2008 13:56

tilton

they want 7,500,000 @0.01p

[deanroberthunt] 19/11/2008 13:54

should be change to

Cons r Us

[moormoney] 19/11/2008 13:49

ditto Tilton---breatheasy finance what a name to take the mick!!

[deanroberthunt] 19/11/2008 13:48

everyone get it yet...............

[f 10] 19/11/2008 13:47

well done. There was 10m limit earlier on but that 9m seller took advantage of that.

At least the £1k will bring some joy to your loved ones ;-)

[tiltonboy] 19/11/2008 13:45

F 10

Thanks for pointing out the bid for 5m. I let them have those. Only another 9.5m to do.

Not one of my better investments.

tiltonboy

[f 10] 19/11/2008 12:47

Tilton

you still hold your c20m ?

market maker wanting 5m at 0.02p

(that 9.3m seller took advantage of the highish limits).

Just dump your load mate, this company is run by clowns - gravy train if ever there was one. Get something back - use the dosh for xmas presents.

[tiltonboy] 19/11/2008 12:40

I think they are going for the record of most shares in issue.

I don't know why they just don't give up.

[keepitup] 18/11/2008 18:01

sounds like another pecularity, breatheasy is probably just some software with little or no support! Updated by a friends of the company ;) if you get my meaning. really are bleeding the company dry now...not long before this one is buried.

[double6] 18/11/2008 13:06

Do you not reckon that the value of the property portfolio will have slumped over past few months ??

[andrbea] 18/11/2008 12:54

2.5% more shares in the share issue
SP down 40%

weird times....

[alibongo612] 18/11/2008 10:06

Be very interesting to see just exactly what IHGP is getting 75% of that it clearly values so highly at 22% of the combined group.

[trigger45] 18/11/2008 07:06

For Immediate Release 18 November 2008

IN HOUSE GROUP PLC ("In House" or the "Company")

ACQUISITION OF PROPERTY SOURCING COMPANY AND ISSUE OF SHARES

The Board of In House Group plc is pleased to announce that the Company has
agreed to acquire a 75% interest in Breatheasy Finance Limited. Heads of terms
have been agreed proposing a purchase price of up to £200,000 to be settled by
the issue of the Company's Ordinary Shares of 0.001p ("Ordinary Shares") and In
House Group has issued 50,000,000 Ordinary Shares at a price of 0.05p in
settlement of a £25,000 payment for a three month exclusivity period.
Completion of the deal is subject to completion, by the Company, of appropriate
due diligence on Breatheasy Finance Limited.

Breatheasy Finance identifies housing stock at below market value with a view
to achieving strong rental yields. Housing stock is acquired via a variety of
key strategic partnerships and from owners looking to dispose of property
expeditiously. A key facility offered to owners wishing to dispose of their
property is Breatheasy's "Tenant Stay" where the owner has the facility to stay
in the property whilst paying a fair market rent rate. The tenant also has the
option to purchase the property at a later date if they wish.

Properties identified will be acquired and managed on behalf of third party
investors and also directly for the Group thus providing a combination of
additional income streams and the potential for capital growth. Properties
acquired by the Group will be financed from a combination of existing finance
facilities and new finance facilities currently under discussion with a
commercial finance broker.

Application has been made for the 50,000,000 new ordinary shares, which will
rank pari passu with the existing ordinary shares, to be admitted to trading on
AIM and trading is expected to commence on 21 November 2008. As a result the
Company's issued share capital will be 2,068,895,494 ordinary shares.

NOTES TO EDITORS

In House Group plc operates its business in three main areas:

Portfolios - which are ideally acquired on a self financing basis in that
funding has been arranged to cover the full cost of each acquisition with
anticipated rental income covering a substantial part of the interest costs of
the prospective debt financing for each Portfolio. The group's expertise is in
turning around distressed property and obtaining secure tenancies to elevate
property values and income streams. In some cases, the Company is able to agree
five year letting contracts with government appointed agencies, thus providing
security of income. As Portfolios are only being acquired where rents largely
cover ongoing costs (including interest), this enables the properties to be
held until the target price for each of the properties in the Portfolios is
obtained.

Property Broking - The Group has over £450 million of property for sale on the
Property Broking pages of its website. Instructions are either taken directly
from vendors, for which the Company receives between 0.25% and 2% commission on
completion of a sale, or through joint agency agreements with a number of other
agents where commission is split when a sale is agreed. The Group aims to have
a comprehensive and diverse investment property brokerage covering both
residential and commercial sales stock. Where portfolios are acquired by the
Group they will be immediately placed for sale through the Property Broking arm
on a break-up basis in order to generate income and cash flow for the Group.

Property Lettings Management - The group continues to manage properties for a
number of landlords and is actively looking for new instructions from property
owners and landlords. The Company is also looking to increase properties under
management with referrals from professional connections (for which a fee will
be paid) and from the acquisition of other lettings businesses. In House group
canvasses debt agencies for repossessed properties and is offering a turn key
service to these companies to let and manage properties whilst disposal is
sought. It is also intended that the lettings management arm of the Group will
take over the lettings management of the Portfolios. Whilst portfolios are
prepared for sale on a break-up basis, it aims is to retain the management of
these properties in the interim period.

Contact: Marcus Cassidy, In House Group Plc on 0845 061 9999
[e-mail]

Roland Cornish, Beaumont Cornish Limited,
0207 628 3396

Sergio Pani, Ulysses Communications & Promotions on 0845 345 2705
[e-mail]