Independent Research Share Discussion Threads

[scrapheap] 01/11/2010 13:28

Dear GEO client,

I am writing to update you, since my email on 14 October.

As you know, we opened dialogue with a number of interested parties with a view to carrying on the GEO Monitor product and protecting the jobs of the research team for the future. This initiative bore fruit, with an arrangement agreed in principle.

However, the research team was unfortunately split on whether to move together to a new owner and, ultimately, we have been unable to complete the objective. I am sorry to tell you, in consequence, that publication of GEO Monitor has been definitively ended.

Clearly, this is a disappointing outcome for all of us, and all of you. I am sorry for the inconvenience caused. The website and associated alerts will be disabled over the coming days.

Best,

Shane Smith

[scrapheap] 28/10/2010 09:43

well that's encouraging - a little....

Being paranoid, they had been not have phoenixed it!!!!!!!!!!

[rob67] 27/10/2010 23:18

Well the website is back up and running and there is a new PSQ sector report out. Maybe a sniff of life still remains.... Must be running out of cash soon though.

[scrapheap] 26/10/2010 10:16

One very small crumb is this will be a BIG CGT loss I can record and use in future years but I'll need to wait to see when HMRC declare the shareholding worthless - anyone any ideas how that is prompted?

[scrapheap] 26/10/2010 10:14

I'm afraid so - a nasty and gutting experience as an investor with a BIG stake in them - but it didn't cost me my job so....

In hindsight the decision to delist whilst it bought them more time actually devalued their attraction too I think.

[rob67] 25/10/2010 22:32

Looks like they have definately gone out of business. You cant even bring up their website or the Irideus website any more!! Dissappeared with our cash!

[thinkbig?] 15/10/2010 09:14

this guy is a con man and nothing more, and has had are hard earned cash, the guy is a coward never answers his phone just has it on voice mail. he has nothing more than lied I have the e mails he sent me about g mail belonging to Iir and then later he says it was only rented to Iir.

will be looking at taking legal action as

[fatfish] 15/10/2010 08:16

another one bites the dust, clever investment by me oh well add it to the losses.

[scrapheap] 14/10/2010 23:40

Couldn't put it any better myself Rob. Bu$$er......

[scrapheap] 14/10/2010 23:07

Dear GEO Monitor user,

I am sorry to have to tell you that we have experienced a very serious setback and this will have implications for all our clients and registered users.

We last raised money from investors ten years ago, just before the tech meltdown created very challenging trading conditions. Since the end of the Global Research Analyst Settlement in July 2009 we have once again encountered a difficult commercial environment, and we have needed to steer a very careful course.

As some of you are aware, during the summer we initiated a funding round to underpin our new phase of expansion, building primarily upon our "virtual" corporate access platform, Capital Connections™, and our intermediated research initiative with a number of Stock Exchanges.

By the end of last month this new funding round had reached the stage of investor due diligence. Our funding proposition to prospective investors was based in part on the expected conclusion of a 10-month negotiation with a significant prospective client, for a substantial number of licences of our Capital Connections product. Unfortunately, these negotiations ended unexpectedly at the end of last month. As a consequence, we have been unable to draw upon our working capital facilities with our bank, and are faced with immediate solvency issues.

Our GEO Monitor service is unique in providing comprehensive international IPO research. It has been very well received amongst our buy-side clients. owever it was re-launched less than a year ago after the IPO pipeline began to recover from the credit crunch, and has not had time to build subscriptions to the point at which the costs of our research team are covered. As such, it represents the most significant drain, amongst our product range, on our cash resources.

Our legal obligation under our present conditions is to formally terminate the research team's employment contracts. However, for about the last two weeks most of the team has continued to operate, whilst we energetically pursue a dialogue with a number of parties who may be interested in taking over the product and the team. I am sorry to say however that we have now reached the point at which this effort needs to be mothballed, pending the outcome of our discussions with these third parties.

Thanks for your patience thus far. We remain hopeful of a constructive outcome after this service interruption. Please be assured that we are exploring all possible options to avoid definitive termination the GEO Monitor service.

Best,

Shane Smith

[martincoops] 07/10/2010 17:43

Why the change James?/

[rob67] 06/10/2010 23:36

Nice Header James!!!

[fatfish] 12/9/2010 17:45

ile second that
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[martincoops] 12/9/2010 17:38

Zzzzzzzzzz

[rob67] 26/8/2010 15:18

Still no results! Although in some previous years they were in early Sept. Just have to wait and see.

[scrapheap] 05/8/2010 20:26

I notice that the IIR website 'latest news' and 'annual reports' pages are now empty... could this signal an upcoming release of information then?

[james 2] 25/7/2010 08:10

Howdy rob

Yes agree it needs some work which at this stage is a tad worrying, I wondered if the sound quality was due to being a recording or my set up but not so sure it is !

cheers

[rob67] 18/7/2010 19:14

Hi James

What did you think to the Rovr presentations? I was a little disappointed in the overall professionalism from the ones i have seen. Its early days but the sound quality is still poor and the IIR backdrop on one was all crumpled!! The presenters will improve im sure but Satish does umm and err alot! Shane was pretty professional in his demmo tho.

They have been developing and demonstrating Rovr for quite some time now and so i hope it does prove to be popular as they do seem to be putting all their eggs into this particular basket!

[james 2] 18/7/2010 16:34

Rovr has a presentation on Ocado's IPO tomorrow. Then a further demo of ROVR itself for the NYSE at the end of the month - from what I have seen they have covered most of the main exchanges now so if any chance of success would expect a bullish comment alongside the final results.

[scrapheap] 15/7/2010 12:59

IIR reported as saying avoid the Ocado IPO...

Ocado Says GBP510 Million IPO Plan Remains On Track For Next Week
Ocado Group PLC, the online grocer that has yet to make an operating profit since forming 10 years ago, said Thursday its plans for a GBP510 million initial public offering on the London Stock Exchange are still on track.

Earlier Thursday, U.K. oil company Fairfield Energy PLC pulled its planned IPO to raise $500 million, citing market conditions. That raised speculation that Ocado could suffer a similar fate, since the deal has already faced sharp criticism from some investors and analysts who see its aimed-for valuation of around GBP1 billion as too high.

"We can categorically confirm that the Ocado IPO is proceeding according to plan," a spokesman said in an emailed statement.

"The Ocado team have had a great reception in the U.S. and are continuing with a busy roadshow schedule during which the management team are meeting a very large number of potential investors and the audience is very engaged," the spokesman said.

Ocado is looking to raise GBP200 million in new capital to pay down debt, improve capacity in its existing warehouse, and to help fund the construction of a new warehouse that would expand its distribution. Existing shareholders can sell up to 155.2 million shares, worth about GBP310 million at the low end of the 200-pence to 275-pence price range. Order books close on Tuesday.

Analysts at Independent International Investment Research PLC on Tuesday issued an "avoid" rating on the Ocado offer, saying that they see fair value at around 155 pence a share, well below the offer range.

Ocado, based in Hatfield, England, sells and distributes groceries for supermarket Waitrose, a unit of the John Lewis Partnership PLC, as well as some non-food products for John Lewis. It has about 1 million registered users, of which about 240,000 had used the service in the 12 weeks to May 16.

The selling shareholders include John Lewis's pension fund, Ocado's founders, cashing out part of their stakes, and Ubs AG (UBS).

[scrapheap] 07/7/2010 14:13

I hope so!!!