IN House Share Discussion Threads

[cavkc] 28/3/2008 10:27

Sofa Spud

Your overall theory is correct ie it is possible to lose money when trading in a falling market, but your numbers are perhaps too extreme. Losing 20% in 3 months equates to 80% in a year, it's not terribly likely.

It is well proven also that rental demand, and rates, increase during a falling market so under the scenario you have outlined it would be better simply to hold on.

[sofa spud] 27/3/2008 18:57

I can't sell them on online and I can't be bothered to do it any other way as the shares are of so little value!

During harsh times it might be possible to make money in property dealing, yes, but if the harsh times include a falling property market, not so sure.

E.g. buy a house to renovate for £100K, estimated cost of renovation £25K, estimated resale at current market value £150K. - potential profit £25K

If it takes 3 months to do up that house and the market falls by 20% during that time, estimated resale value of renovated house now £120K, = £5,000 loss.

[randsys] 27/3/2008 17:15

Just be patient!

[cyberpost] 27/3/2008 17:15

by the way are you saying no one can make profit in property dealing during harsh times ?

[cyberpost] 27/3/2008 17:14

Of course you can sell them. Is somone holding a gun at your head and saying "dont sell" ?

[sofa spud] 27/3/2008 17:06

I got a lot of flack on here for suggesting IHGP was pursuing a boom-time business strategy that was doomed now that property prices are slumping.

I'm just here to close the windows and turn out the lights and lock up - still got my shares though - can't sell 'em!

[catswhiskas] 27/3/2008 10:59

Absolutely hopeless, cant blame anyone for calling it a day here ,nothing but doom and gloom in the property markets ,maybe some nice warm sunny spring weather will perk up peoples spirits ,either that or have a Gin and Tonic as the only spirits round here will be ihgp shareholders of the Past when the share price is still 0.16p bid...Pathetic !

[realcooltrader] 26/3/2008 14:53

Back to "definitely unloved" status if it can drop 7.9% on one 107k trade.

[waynerwayner] 18/3/2008 14:55

Yes, the first was Berrymount.

[sofa spud] 18/3/2008 13:38

I wouldn'tt waste more than a minute or two at the most posting on here. I do it cos it's fun - presumably everyone on here is a hard-nosed, shrewd investor so they should be able to take a bit of flak! .

[johnwalton] 18/3/2008 12:34

ok so it's fact

in house is never going to take off!

now here's one that will

apollospad.com

you wont make any money on it but you'll have a good laugh.

[cyberpost] 18/3/2008 12:25

then again you could be right... Berrymount is an accredited landlord :

Landlords Accreditation

[realcooltrader] 18/3/2008 12:22

Yes, you're probably both right, just guessing that's what wayne is referring to.

[cyberpost] 18/3/2008 12:18

rct

cant see that as being a property management company (eg managing lettings)

[gibsono] 18/3/2008 12:12

When i read over that for the first time i read it as 'property lettings company', assuming it would be the takeover of a company in control of perhaps hundreds of properties, but not actually owning them. As i thought they were trying to grow this side of the business.

[realcooltrader] 18/3/2008 11:31

Berrymount Developments Ltd, as per last RNS?

[cyberpost] 18/3/2008 10:44

wayne

?? which one ?

[waynerwayner] 18/3/2008 08:23

"the acquisitions of two property management companies."

And one of these has already been completed.

[n s fletcher] 17/3/2008 22:16

Bonnier

not according to the RNS (29 Jan 08) :

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

so wont necessarily have to wait a "long time" to realise property sale/s.


Apart from a property sale... the following announcement will give an uplift :

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

and

the property management company acquisitions will significantly
increase activity in this area for the group.


Todays 750k sale got full price, AND didnt move one market maker off the bid... and more importantly price wasnt affected in what was a torrid market.

[n s fletcher] 17/3/2008 22:10

sofa

all that effort in posting on here for a miserly £100-00 investment ? why bother ? surely your venting would be utilised more fruitfully elsewhere.

[rbonnier] 17/3/2008 22:07

Probably take about 4-5 years before anything happens with the share price.
The only way this is going up is by selling the properties at a decent profit and I cant see that happening for a long long time.But if you just forget about them and have a look say in 5 years time they might be worth something.

[haff1] 17/3/2008 21:14

If you own some and you talk it down..... that really doesnt make any sense at all.... are you in the market with the intention of loosing your money or just reducing its value?!! lol!

[sofa spud] 17/3/2008 18:10

I might only have £100 worth of shares, but if I do manage to sell them in the current mood it could be the straw that triggers a small price drop!

Anyway, who says we're only allowed to 'talk up' the prices of IHGP shares on this thread?

[filletafish] 17/3/2008 17:03

hope you do sell, it will save us from more whinging ;-)

[sofa spud] 17/3/2008 16:58

I tried to sell my IHGP online and couldn't! So far today there's been one trade in IHGP (about 3/4 million shares) .....SALE.