IN House Share Discussion Threads

[tiltonboy] 07/2/2008 16:10

Had a look, and can confirm I would!!!!

BTW the picture of the Brazilian hotel is still there, and is now down as NEW.

[tiltonboy] 07/2/2008 16:04

gibsono,

The pictures on the website are not usually real, including a hotel I had stayed at in Brazil being used as one of their properties for sale.

I will go and have a peek at the pic now.

tiltonboy

[gibsono] 07/2/2008 16:00

I have a new strategy for IHGP...get their newest recruit Claire Boon to meet up with the clients and stock will surely fly off the shelves (so to speak). i dont know if the pic on their website is real but she's a fox.

[graylyn] 07/2/2008 14:58

24th AUGUST 2007 IN House GBP10M Loan Secured

In House will use the £10m loan facility to fund the acquisition of commercial
property, and has already used £3.75m for the recent acquisition of its
Stockton portfolio, which will be broken up and resold. The Company is also
finalising terms with a leading high street bank to provide In House with a
further £8m to fund the acquisition of a further two plots of land.

Purchases since loan facility..........

07 NOV property acquired £185,000
GROSS POT RENT = £17,500
EST VALUATION = 250,000 PA

03 DEC property acquired £299,268
GROSS POT RENT = £22,500 PA
EST VALUATION = £400,000

06 DEC property acquired £1,008,586
GROSS POT RENT = £72,000 PA
EST VALUATION = £1,300,000

13 DEC property acquired £337,000
GROSS POT RENT = £25,000 PA
EST VALUATION = £465,000

18 DEC property acquired £262,658
GROSS POT RENT = £26,700 PA
EST VALUATION = £349,000

20 DEC property acquired £644,780 + 4,285,714 IHGP SHARES @ 0.35P (£15K)
GROSS POT RENT = £45,000 PA
EST VALUATION = £900,000

O3 JAN 08 property acquired £861,400
GROSS POT RENT = £54,500 PA
EST VALUATION = £1,200,000

10 JAN 08 property acquired £604,760
GROSS POT RENT = £38,700 PA
EST VALUATION = £ 800,000

17 JAN 08 property acquired £600,000
GROSS POT RENT = £60,000 PA
EST VALUATION = £800,000

07 FEB 08 property acquired £517,659
GROSS POT RENT = £33,300 PA
EST VALUATION = £710,000


Total "Pot/ rent" per annum £395,200

Total valuation £7,174,000

Total purchase price £5,321,111 + (£15K IN SHARES)

Total POTENTIAL GAIN £1,853,000 ( IHGP MARKET CAP £1.05M APPROX ) @ 0.175p per share

Total interest charges for the recent properties £5,321,111 @ 1.25% above base rate (REDUCED BY O.25% @ 6.50% = £345,872.21 per annum

Bear points : The potential rents may not reach the expected figures
The potential valuation may not be realised in the current mkt
Interest rates could rise even though they have just been lowered

BAL LEFT TO DRAW 1,478,889 (FROM £6.8M)

also........................

When IHGP relisted 06th August 2007 they aquired a residential property for £3.83m est val £4.490m pot gain £652,000

Prospects ( Taken from the results )
The Group is making a series of acquisitions relating to a portfolio of North
West residential properties that the Group is pulling together from a variety
of sources. The overall value of this is in excess of £8m with the
consideration being under £6.2m.


A number of other trading property acquisitions are also close to being agreed
as are the acquisitions of two property management companies.


From the above it is clear that the Group is making significant progress on two
parts of its overall strategy; it is successfully building up its trading
property stock (and expects to start realising some of this stock in the coming
months) and the property management company acquisitions will significantly
increase activity in this area for the group.


The funding arrangements for the trading properties are such that the Group
gains an element of working capital, this combined with the proceeds from the
expected sale of some of the properties in these portfolios and the income
generated by the property management activities of the Group means that the
Group expects to continue to have sufficient resources to pursue its plans for
the foreseeable future.


David Meddings

Chairman

28 January 2008

[cyberpost] 07/2/2008 13:48

it is successfully building up its trading
property stock (and expects to start realising some of this stock in the coming
months)

[8trader] 07/2/2008 13:47

Thanks cyberpost, miles away.

[cyberpost] 07/2/2008 13:45

8trader, the object is not to gain the rent. Its to sell on the property for profit.

[8trader] 07/2/2008 13:41

Is spending over 500k of debt to get back 33k a year in rent such
a good deal then ?

Would the 33k cover the interest payments ?

[cyberpost] 07/2/2008 13:32

it will happen haff. some buying yesterday and today.... so its getting noticed slowly but surely.

also when the acquisition of the property management companies is made it could well have a very positive effect on the company and its price.

A number of other trading property acquisitions are also close to being agreed
as are the acquisitions of two property management companies.

.... it is clear that the Group is making significant progress on two parts of its overall strategy; it is successfully building up its trading
property stock (and expects to start realising some of this stock in the coming
months) and the property management company acquisitions will significantly
increase activity in this area for the group.

and if they announce a sale of one or two properties they have recently acquired (for a profit) then the market will definitely wake up.

[haff1] 07/2/2008 13:29

Its all encouraging. at least they are doing what they said they would. It would be nice if there was a little bit of share price response as well......

[cyberpost] 07/2/2008 13:21

Acquisition of Property Portfolio




For Immediate Release
7 February 2008

IN HOUSE GROUP PLC ("In House" or the "Company") ACQUISITION OF PROPERTY PORTFOLIO

The Board of In House Group plc, the AIM quoted property broking and management
company with a focus on purchase for resale, is pleased to announce that the
Company has agreed to acquire 6 residential properties in the North West with a
Gross Potential Rent of £33,300 per annum for a total consideration of £
517,659.
HIGHLIGHTS * Potential gross annual rent of £33,300 per annum

* Purchase for total consideration of £517,659

* Value independently estimated in excess of £710,000

The properties are currently being independently valued with initial
indications that the value will be in excess of £710,000. The acquisition has
been fully funded with debt and therefore will not affect the reported net
asset position of the group.
These acquisitions is the tenth batch of a series expected to take place
relating to a portfolio of North West residential properties that the company
is pulling together from a variety of sources. Funding arrangements are in
place for the whole portfolio with Dunfermline Building Society with which a
facility of £6.8 million has been agreed (this being a further tranche of the
facility announced in August).
The acquisition of the Portfolio represents the continuation of the Company's
strategy announced in the AIM Readmission Document of acquiring property
portfolios for its property management arm to enhance or consolidate the
yields. Once this has been achieved the properties will then be placed for sale
by the Company's trading arm.
The company further confirms that there have been 43 completions in relation to
the 62 acquisitions announced to date.

[waynerwayner] 07/2/2008 13:21

For Immediate Release 7 February 2008

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

ACQUISITION OF PROPERTY PORTFOLIO

The Board of In House Group plc, the AIM quoted property broking and management
company with a focus on purchase for resale, is pleased to announce that the
Company has agreed to acquire 6 residential properties in the North West with a
Gross Potential Rent of £33,300 per annum for a total consideration of £
517,659.

HIGHLIGHTS

* Potential gross annual rent of £33,300 per annum

* Purchase for total consideration of £517,659

* Value independently estimated in excess of £710,000

The properties are currently being independently valued with initial
indications that the value will be in excess of £710,000. The acquisition has
been fully funded with debt and therefore will not affect the reported net
asset position of the group.

These acquisitions is the tenth batch of a series expected to take place
relating to a portfolio of North West residential properties that the company
is pulling together from a variety of sources. Funding arrangements are in
place for the whole portfolio with Dunfermline Building Society with which a
facility of £6.8 million has been agreed (this being a further tranche of the
facility announced in August).

The acquisition of the Portfolio represents the continuation of the Company's
strategy announced in the AIM Readmission Document of acquiring property
portfolios for its property management arm to enhance or consolidate the
yields. Once this has been achieved the properties will then be placed for sale
by the Company's trading arm.

The company further confirms that there have been 43 completions in relation to
the 62 acquisitions announced to date.

[perception] 06/2/2008 13:14

Andrbea

Just to let you know you are not the only one here

I am happy with what the management are doing
We must just be patient

P

[andrbea] 06/2/2008 08:48

early doors 400k buy

[dorset64] 29/1/2008 09:52

All-inall, I think that looks to have set the Co. up for the forseeable future, with no further funding, more property acquasitions in the pipeline plus the added bonus of 'a couple' of property management Co. purchases to throw in as well.

I think you can, as far as I can see at the mo, that this is deffinately & especially at these levels of a market cap of only £1m, these are ones to hold now, forget and come back some time in the future.

If they carry on their model as they have jusat started one things for sure, in 12 months time the overall business structure/profits will look completely different even to todays.

Dorset

[cyberpost] 29/1/2008 09:46

they would still be deemed to be in a closed period if there is news or deals pending. And from the RNS today it does seem there are some deals to be announced soon.

[eggbird] 29/1/2008 09:45

It would be nice to see the directors snap a few up at these prices now the closed period has ended..

[graylyn] 29/1/2008 08:35

All sounds quite encouraging, and no need for further fund raising.

[eggbird] 29/1/2008 08:00

pretty much as I expected really. No nasty surprises, and good news on the future acquisitions of 2 property management companies, alongside the confirmation that they will start to look to sell some of there current properties. Great also to see that they consider they need no more founding....

Im very happy to hold here for a while longer.

[waynerwayner] 29/1/2008 07:57

Well, the results wont exaclty set the market alight. The directors will be allowed to buy now, would be a very positive signal if they did.

[magwash] 29/1/2008 07:38

A number of other trading property acquisitions are also close to being agreed as are the acquisitions of two property management companies.

From the above it is clear that the Group is making significant progress on two
parts of its overall strategy; it is successfully building up its trading
property stock (and expects to start realising some of this stock in the coming
months) and the property management company acquisitions will significantly
increase activity in this area for the group.

The funding arrangements for the trading properties are such that the Group
gains an element of working capital, this combined with the proceeds from the
expected sale of some of the properties in these portfolios and the income
generated by the property management activities of the Group means that the
Group expects to continue to have sufficient resources to pursue its plans for
the foreseeable future.

[waynerwayner] 28/1/2008 16:39

I believe by 8.00am on Friday to abide by the rules.

[dorset64] 28/1/2008 15:18

which day wayne, do we know yet?

[waynerwayner] 28/1/2008 15:15

Thanks Graylyn, interims have to be out this week, will be interesting to see where they stand, hopefully they will give a current trading update too.

[graylyn] 27/1/2008 11:12

I assume we will get some results this week then ??

24th AUGUST 2007 IN House GBP10M Loan Secured

In House will use the £10m loan facility to fund the acquisition of commercial
property, and has already used £3.75m for the recent acquisition of its
Stockton portfolio, which will be broken up and resold. The Company is also
finalising terms with a leading high street bank to provide In House with a
further £8m to fund the acquisition of a further two plots of land.

07 NOV property acquired £185,000
GROSS POT RENT = £17,500
EST VALUATION = 250,000 PA

03 DEC property acquired £299,268
GROSS POT RENT = £22,500 PA
EST VALUATION = £400,000

06 DEC property acquired £1,008,586
GROSS POT RENT = £72,000 PA
EST VALUATION = £1,300,000

13 DEC property acquired £337,000
GROSS POT RENT = £25,000 PA
EST VALUATION = £465,000

18 DEC property acquired £262,658
GROSS POT RENT = £26,700 PA
EST VALUATION = £349,000

20 DEC property acquired £644,780 + 4,285,714 IHGP SHARES @ 0.35P (£15K)
GROSS POT RENT = £45,000 PA
EST VALUATION = £900,000

O3 JAN property acquired £861,400
GROSS POT RENT = £54,500 PA
EST VALUATION = £1,200,000

10 JAN property acquired £604,760
GROSS POT RENT = £38,700 PA
EST VALUATION = £ 800,000

17 JAN property acquired £600,000
GROSS POT RENT = £60,000 PA
EST VALUATION = £800,000


Total "Pot/ rent" per annum £361,900

Total valuation £6,464,000

Total purchase price £4,803,452 + (£15K IN SHARES)

Total POTENTIAL GAIN £1,660,548 ( IHGP MARKET CAP £1.05M APPROX ) @ 0.175p per share

Total interest charges for the recent properties £4,803,452 @ 1.25% above base rate 6.75% = £324,233.01 per annum

Bear points : The potential rents may not reach the expected figures
The potential valuation may not be realised in the current mkt
Interest rates could rise even though they have just been lowered

BAL LEFT TO DRAW 1,996,548 (FROM £6.8M)