Inland Zdp Discussion Threads

[davebowler] 13/5/2024 12:58

pjrh Thanks for that -can you let me know a contact name at Azets?

[bsdjj] 13/5/2024 07:57

https://www.datacenterdynamics.com/en/news/google-to-build-new-uk-data-center-campus-in-hertfordshire/This should increase the value of the Chesham Lakeside site.

[davebowler] 11/5/2024 11:33

Hope this is relevant....htTPs://www.bucksfreepress.co.uk/news/24311231.historic-beaconsfield-estate-set-350-new-homes/

[p1966] 10/5/2024 11:42

Also of interest is the resignation of the then auditors, BDO LLP (on 3rd August 2022), mid financial year, with the confirmation that there were no circumstances in connection with their resignation which needed to be be brought to the attention of the Groups shareholders or creditors.

[p1966] 10/5/2024 11:32

What was the relationship with Troy Homes, where INL had a 25% shareholding. Consider the profitability vs. directors' remuneration?

[p1966] 10/5/2024 11:29

Of interest would be the relationship with KCR Residential REIT. Did INL (or a subsidiary) take a significant shareholding in KCR, a small and illiquid AIM stock. Why?Did KCR (a residential investor) purchase a commercial property from INL and not long afterwards sell it back to INL? This was around 2018, so it is tricky to understand the timelines.

[p1966] 10/5/2024 11:05

I believe J. Billam PLC (floated March 1935) was renamed Energiser Investments PLC in November 2008. Then renamed Drumz PLC in July 2020, finally renamed Acuity RM Group PLC in (June?) 2023 to reflect the change in focus from property to risk management products. I suspect at this stage Stephen Wicks would have withdrawn from any management role, if not already done so.

[redhill9] 09/5/2024 13:22

I only have a few shares left having sold most when it became apparent things were not well with Inland Homes, but I'm happy for this liquidation to proceed.

As pjrh says above, the liquidators have a legal responsibility to act in the best interests of creditors and shareholders so I can't see any point in not liquidating now.

[pjrh] 07/5/2024 17:43

Re the winding up resolutions, Azets are working on behalf of the zero holders to try and salvage something from this mess. The roll of a Receiver is enshrined in law where they have a duty to act on behalf of the zeroholders and I believe can look back over the past 3 years to ensure the Directors acted in the best interests of the holders.
At last we have someone who is working on our behalf and therefore I would not be voting against the resolutions

[davebowler] 02/5/2024 13:23

I'm not sure either, but I wonder -doesn't a Zero have to wind itself up anyway to discharge whatever it's liabilities are???Anybody else have a view?

[arthur_lame_stocks] 02/5/2024 13:06

On the subject of the winding up resolutions, I'm not sure what to do. If the company is wound up and dissolved will that be our formal acceptance that all liability to us is discharged finally?

What harm can it do to vote against the resolutions? If it's a choice between getting nothing soon and maybe something why not wait?

[arthur_lame_stocks] 02/5/2024 13:03

Energiser was a small property company that Wicks and Malde floated a good few years ago. Don't know what happened to it, I think Inland might actually have acquired it.

[davebowler] 02/5/2024 12:37

Just received this on my holding from my broker.

Inland ZDP Plc has announced a consent event in which you have the option to consent to the proposed written resolutions.

Please note that if you do not input any election, or elect to ‘Take no action, you will be deemed to have not consented the resolutions.

The resolutions to vote on are as follows:
A) That the Company be wound up voluntarily.
B) That Andrew Stephen McGill and Stephen Grant of Azets, 6th Floor, Bank House, Cherry Street, Birmingham, B2 5AL, and Azets 2nd Floor, Regis House, 45 King William Street, London EC4R 9AN respectively, be appointed Joint Liquidators of the Company for the purpose of the voluntary winding-up.
C) That the liquidators be authorised to act jointly and severally in the liquidation.

[steve36] 12/1/2024 16:35

I think at least part of the answer to the queries about the status of what was supposed to be the main pledged asset is that Inland pledged its loan receivable from CLDL to ZDP but that loan was itself unsecured and it appears it is unlikely to have any value.

What I don't understand is what has happened to the £4.2m of cash (as at Sep 22) that was supposedly held in a separate account and pledged to ZDP?

[smithie6] 09/1/2024 17:49

Okosling

....greedfear wrote
"Thus: 3.5 + (34.6 x 109 / 124.5) x (35.5 / 208.7), approximately 8.65 ?
8.65/18.1

something like 47p per INLZ share?"

Do you agree/disagree with ~47p/share ?

....or are holders of ord. shares going to get £0 ??

[pjrh] 06/12/2023 20:16

Does anyone know who is fighting the corner for the zero holders? I have spoken to the 2 remaining ZDP Directors and they have no holdings in the zeros and don't appear to understand what is going on. Likewise I have spoken to FRP the administrators for the Ords and they don't seem interested in the rights of the zeros.

Is there an action group of zero holders getting involved. I understand one fairly big private client stockbroker has a big holding, does anyone know who this is?

Also I spoke to Nish Malde some months ago and questioned the assets that were pledged as collateral for the zeros and where they had a charge, asked if a bank could come in front of their position and he assured me that was not the case. Reading the above about Paragon and Homes England that sounds as that was more lies from the Directors

[bsdjj] 06/12/2023 12:03

So the first charge on the pledged assets was not in fact a first charge?Surely this is a gross misreputation if not worse....