Innobox Share Discussion Threads

[shawzie] 01/2/2005 14:33

Not to worry
'B' Broker to Broker
A transaction between two member firms where neither firm is registered as a market maker in The security in question and neither is a designated fund manager

[scaleyman] 01/2/2005 14:21

Someone must have been desperate for the dosh, 500k @6p!!

[hendenne] 30/1/2005 19:26

Could they be looking to build a 'portfolio' that might attract a larger bidder?

[tamaybroke] 30/1/2005 14:14

They maybe moving too fast without really proving themselves in this area first.
That was my only concern,didn't see the proof in their results yet so sold out and will wait for a time when they have.

[marvelman] 29/1/2005 08:38

Boz

Without doubt ARX is an important asset to this co.I think you have always (rightly) drawn attention to the assets underpinning the share price both of ARX and the Freehold.However this far down the line things have changed.The cash position is not as strong,ARX appeares to have stalled and they still having achieved the 4th purchase.
However I personally did not expect these business's to open up smoothly as the management led us to believe.In my own experience and with such major changes to the fabric of the property's how could there not be a considerable disruption penalty to pay.Despite this and within a fairly short time span these business's (or some of them) have made a profit.In a full uninterupted trading year imagine how much more they will make.Imagine then the difference another unit will make.It sounds like that will happen soon.
"Others" (Stephen Wickes,etc)are either waiting in line or already have diverted investment into this company.
I believe things (positive) are going to start happenning from now on in and that only the bones of the business are in place.I do not believe the old business model of building them up and selling them off is the current business model.I believe they want to achieve critical mass and make a decent profit THEN start to sell them off at a profit whilst replacing them at the same time with the next property.ARX is the distraction now and as soon as they get rid of it the better but it is about timing and that is not always at the behest of the beholder.(well you know what I mean)
So yes I am looking to get back in now as I can see a profitable future.Believe the share price will be supported by more buying from Wickes & co.
Please keep posting Boz your objectivity is a great help as we sift through the decision making process.Its as interesting to talk about from the outside as from in....and I suspect we will both be back in sooner than later.

[bozzy_s] 28/1/2005 23:27

Not changed 180 degrees on ARX Marvelman, see my recent posts on this BB where I reckoned it was overpriced at 20p. With an order book in the region of £300,000 - £400,000, against a market cap of £24m, they really have to deliver big contract news to justify the valuation. In fact, they need orders of a few million pounds to do so.

I do of course respect your opinion, and I guess by your positivity you will be jumping on board in INO again.

I was looking for something around break-even for these results, given that 2 of the 3 hotels were "trading profitably" since the summer. And I was looking for a profit in the next trading period. However due to the building works this is very unlikely.

And for that reason I just cannot see the share price going far in the short or medium term.

[marvelman] 28/1/2005 21:34

Bloody hell Boz...ARX overpriced.You really have moved 180 degrees.
I really dont agree with your prognossis.People in the know have just moved a lot of their money into this stock and I cant believe they have got it so wrong.The results were surely what were to be expected - not a disaster.What results would have made you think differently...a profit,no chance.I have always said I will await a trading statement and to be honest this was the best I would have expected.I really believe that this company will move on from here and we already know that there are those vultures waiting to get on board.ARX is still pivitol in the short term but this is a stand alone business which will be made to succeed by those with the vested interests to make it succeed.

Regards

[bozzy_s] 28/1/2005 21:25

The expectation of profitability in this set of results which didn't materialise, and the threat of further losses while two of three hotels are disrupted by building works. And the fact that the third hotel is performing badly.

[hendenne] 28/1/2005 21:05

well bozzy, that is quite a change of opinion for you, given the strong support you have posted here over the past months....apart from poor performance, which was there for the last year, what more has come to the table to have caused your change?

[bozzy_s] 28/1/2005 20:00

Good move Tamaybroke I believe. The results are dreadful, both the financials and the trading updates. AND the two sites trading reasonably well are going to be disrupted for the foreseeable future due to building work.

The other site is trading poorly, and in order to attract business customers rather than holiday makers, the company has advertised in all East Anglian Tourist Promotions! Is it me, or does that just not make sense? Surely local business journals, newspapers etc would be better places to concentrate marketing?

So no profit expected in the 6 months to April 05. And unlikely in the 6 months to October 05. I will certainly not be reinvesting in the near future after today's results. The only factor which will move the price is Net Asset Value - i.e movement in ARX share price. Which I believe is overpriced anyway.

[marvelman] 28/1/2005 19:42

Hendenne

No its not that bad.Infact looking at the revenue these business's are actually making a profit and that is despite the disruptions.To be honest what more did we expect.This business is in its infancy and I do believe there is a long way to go.I did expect a poor trading statement as it could not have really been anything else but am pleasently surprised by the progress that has been made.You are right..these guys are switched on businesmen and have a lot of their own loot invested in it.I am trying to catch the falling knife at the mo and it has nearly landed.This share will fulfill its promise.

Regards

[hendenne] 28/1/2005 17:03

did you mean critical mess?

[marvelman] 28/1/2005 15:47

Well said Hendenne.Totally agree.I have to say though it is all about critical mass and at the moment their revenues as well as being hit by closures and refurbishments cannot support this overhead which does seem excessive for such a small company.

Regards

[tamaybroke] 28/1/2005 15:06

PS:best of luck to the remaining shareholders here,even you Hendenne.

[tamaybroke] 28/1/2005 15:02

I'm out,can't c it going anywhere short term,will be keeping close eye though and hope to get back in later in year if trading improves.

[sack of spuds] 28/1/2005 14:28

potential of 3 sites looks good,but too much building work is hitting short term profits.
interesting note about partnership deals and approaches.
All in all though i thought the future looks rosey for all 3 sites.but it does depend on the local managers to deliver

[dickdasterdly10000] 28/1/2005 12:23

looks okay - if you annualise the income from the acquistions and ignore the one-off acquisition costs the company should be profitable

[marvelman] 28/1/2005 12:20

Currently valuing the ARX investment at 20p

[657] 28/1/2005 12:16

too many problems happening that are hitting the operational profits

[tamaybroke] 28/1/2005 11:57

PS:just a minor thing anyone have any comments on results ?

[pokey1979] 28/1/2005 11:57

Has anybody had chance to look at the interim results that were released earlier this morning?

Not exactly what I was expecting in terms of profitability, but still have faith for the future.

[tamaybroke] 28/1/2005 11:54

shud of stayed in bed !!