Innobox Share Discussion Threads

[scaleyman] 20/4/2005 16:53

....by offering them to loyal beleaguered shareholders at a premium to market price instead of a dividend!! LOL :)

[shawzie] 20/4/2005 16:19

I assume that expenses will be deducted from the £504,000 raised, say 15%.
Hopefully the net amount raised will cover the costs of refurbishing Fishmore
and share price will be more in line with the nav/share.

With regard to the ARX shareholding, the lock-in agreement expired on
March 20, 2005 so INO can now dispose of all its ARX shares.

[skyship] 20/4/2005 15:55

Bt in again over the last couple of weeks @ 7.25p & 6.81p. Personally not displeased with the announcement as I would view the 7.0p level as the median norm; and as such the placing discount of 20% is not excessive for an AIM listed company with very limited marketability.

The appt of Seymour Pierce has to be considered good news surely.

[camlor2] 20/4/2005 14:36

just been advised by broker to buy this share, said it's got a good growth potential as it might be selling it's share in ARX soon.
Don't know much about this share, have you any comments?

[tamaybroke] 20/4/2005 06:29

what a discount!!glad i got out here,but i do feel for the current shareholders,a total lack of disrespect.

[jayboy4] 20/4/2005 06:08

Innobox Plc

("the Company")

Placing

Innobox Plc is pleased to announce that it has carried out a placing of
9,000,000 new 2p ordinary shares ("New Ordinary Shares") at 5.6 pence per share
to raise ?504,000 through Seymour Pierce Ellis Limited ("Seymour Pierce"). The
placing is within the Directors' existing authority, which was granted at the
Company's annual general meeting on 3 November 2004.

Application will be made for the New Ordinary Shares to be admitted to AIM and
dealings are expected to commence on 11 May 2005.

The Company also announces the appointment of Seymour Pierce as its broker with
immediate effect. Westhouse Securities continues as the Company's nominated
adviser.

Commenting on the placing, Russell Stevens, Chief Executive of the Company
said:

"I am pleased that we have achieved this placing, which will help fund our
proportion of the development costs of Fishmore Hall."

For further information, please contact:

Russell Stevens 07860 562621

Chief Executive, Innobox Plc [e-mail]

David Simmons 0161 838 9140

Westhouse Securities LLP [e-mail]




END

[bozzy_s] 15/4/2005 09:21

Not sure that would cause INO to fall though. My guess is someone has sold a chunk of INO shares. It's a long-overdue fall, the recent demise of ARX has cost INO 8p per ARX share x 3.5m shares = 280,000 pounds, or the equivilant of 2.2p per INO share.

[scaleyman] 15/4/2005 09:00

Bad week on markets in general, but one wonders if INO have dumped ARX holding & mms are ahead of an announcement??

[ic0gcds00] 15/4/2005 08:55

this is a pathetic a s sco,bprg,arx,

[sack of spuds] 11/4/2005 12:11

shawzie
thanks i missed that. All systems go then.imo

[shawzie] 10/4/2005 14:39

sack of spuds

Fishmore Hall Hotel, Ludlow, Shropshire
On 16 March 2005, Innobox's 75.01% subsidiary I F Hotels Limited completed the purchase of Fishmore Hall Hotel located in Ludlow, Shropshire

[sack of spuds] 09/4/2005 12:12

plast. i hope you are correct,
Unless i have missed it their latest aquisition in ludlow area still has'nt been purchased and the season gets ever closer.Thats a bit of a worry.Timing is all in this seasonal business

[plast] 07/4/2005 22:16

this is good, as i have posted before inno will be flying later in the year, think about it, new hotels, summer coming ,lots of lovly money in there bank, and to cap that options to sell areo shares as well , but im sure they wont need to because the profits from the hotels will do it for them, thats as i see it .

[vikingben] 07/4/2005 20:56

some hustling going on, good or bad??

[hendenne] 07/4/2005 17:33

up 14% today -wot- no comment?

[energyi] 03/4/2005 20:01

That plunge in ARX looks ominous.

The UK economy looks set to slow, and with it shares may go South.
I remain sidelined with this share. Things have never really lined up for me, but i will continue to watch it

[plast] 03/4/2005 19:43

also the hotel's doing well ,and with the summer upon us surely this is a good time for inno.

[plast] 03/4/2005 19:41

it would not be in inno's interest to sell out now , what with the price of arx at 13p, surely inno will wait till arx goes higher , a lot higher, and they will thats for sure good product, just time and orders to come in, and arx and inno will reap the rewards, so it will be mad to sell now, all in my oppinion, i hold both so hope im right, good luck to all holders.

[tamaybroke] 30/3/2005 23:30

Folks just looking back in,i have to say the share price MUST be about to drop,with th huge drop by ARX and the future looking dismal for them also,and if INO's price does drop it might be the start of a number of medium term,now nervous investors bailing out.
P.S:glum i know but things have changed a lot in a couple of months.

[scaleyman] 29/3/2005 13:27

Hendenne, I seem to recall that they can ask permission to sell certain amounts of stock "to maintain an orderly market"!!!!!! LOL LOL Yeah right!

As has been said b4, INO holding up very well in its own right, despite the ARX shenanigans.

[hendenne] 29/3/2005 13:17

Bozzy - is INO actually now able to sell all the Aerobox holding?