IN House Share Discussion Threads

[rbonnier] 24/6/2008 22:08

O.O1p ? Nope next stop is O.OOP

[brando69] 24/6/2008 17:45

just when you thought it couldn't sink any further.

next stop 0.01p?

[waynerwayner] 24/6/2008 13:53

Some hope...

[waynerwayner] 19/6/2008 11:20

I notice you can sell 1.5m online right now, interesting that the mm's are willing to buy so many.

[waynerwayner] 17/6/2008 08:42

This is currently the dullest share in my portfolio... and I own PTC...

[brando69] 16/6/2008 22:27

this one is making my stake in brainspark look like a blue chip holding

[sofa spud] 16/6/2008 16:47

I never had a certificate as my shares were in an online nominee account!
I suppose I must have assumed IHGP, or Nadlan was a worthwhile bet when I bought my shares however long ago it was.

I can't remember how long ago I realised the property party was over - I think it was around December last year when 'new price' banners started appearing on the house ads in the local paper.

OK, I only lost a couple of hundred on my IHGP, but if it makes anyone happier I have lost more on other non-property PLCs because I believed in biofuels and bought Biofuels Corporation and D1 Oils! The former effectively (from the shareholder's viewpoint) went bust, while the latter has kept pace with IHGP in its fall. I didn't spot these two failing quick enough and kept expecting them to bounce back since they were troubled pioneers in an industry which seemed to have a bright future.

[waynerwayner] 13/6/2008 07:52

...cue news of a massive profit and share price shooting to 5p... ;)

[alibongo612] 12/6/2008 14:43

looking a bit grim

[rbonnier] 12/6/2008 12:37

>waynerwayner

Looks to me as though its completely out of money,the usual lines of credit may have closed to ihgp with the property market in melt down ie the usual subscribers to shares have said no to subscribing to any further issues.This may or may not be the problem if it is Cassidy will have no choice but to suspend the shares pending clarification of the companies financial position as the auditors will not sign off the 2007 accounts.

[waynerwayner] 12/6/2008 11:48

They certainly need to come out with some very special news to make this go anywhere... no significant RNS's and not even any updates on the website since the beginning of May...

[rbonnier] 12/6/2008 11:47

Think I will dump my 3.5 million this afternoon .The company is technically insolvent housing market is in melt down and we are likely to get dilluted into oblivion no Ill re phrase that we WILL be dilluted into oblivion so no point in holding like I said the business model is completely wrong in the current market that is not set to change any time soon certainly not for IHGP anyway.

[haff1] 12/6/2008 11:39

... i hope they are insured for the damage! (lol)

[brando69] 12/6/2008 11:34

only hope for this is if someone decides to reverse into it

[waynerwayner] 12/6/2008 11:32

Oh dear, this isnt looking good.

[alibongo612] 11/6/2008 23:23

Cash shell !

I'm afraid sale at auction would not clear its borrowing.

[greengnu] 11/6/2008 23:04

I don't understand. As far as I can see IHGP is in the rental market. When house prices slump the rental sector does okay - so I've read. Surely all will be okay if they can keep tennants in the properties and meet their obligations on repayment of loans?

Why would they not be able to find tennants - people have to live somewhere and the areas they are buying in are not swamped with new flats.

[rbonnier] 11/6/2008 17:11

Buying more and more properties should have been knocked on the head when they realised property prices were falling sharply across the board, at that point they should have realised the business model was not correct for the market, as the market was deteriorating rapidly.Now the market is on the verge of melt down with no prospect of it improving for at least 2 years .If the rents default by businesses going under as the country grinds to a halt and goes into recession this will go under.
So with In Houses Business not correct for the market for at least the next 3 years and very limited resources the only way to survive is to put all its properties to market send them to Auction if they have to and become a cash shell and rto into something that is correct for the market.

[haff1] 11/6/2008 15:56

I think the heading needs to be up graded... the sub text 'set to take off in 2007' is not only untrue..it didnt.... but misleading. Maybe 'set to scratch out survival in 2008' ? ... could be the replacement.... lol

[rbonnier] 11/6/2008 15:52

The housing crash is only in its early stages unless in house can sell down its portfolio we are looking at Armagedon .A jar of hair gel will be worth more than in houses market cap !!!