Innobox Share Discussion Threads

[tamaybroke] 01/5/2005 15:04

bozzy,yes 7.75p would be reasonable now,but my point was that i think the directors and their buddies have made a quick profit here at the expense of the current shareholders by the issue of a placing before the sale of their ARX holding,who is involved with Pershing keen Nominees i wonder,surely this is questionable ?.

[bozzy_s] 29/4/2005 20:12

Good move selling your ARX holding B.T.W, good call! My sale of INO in Dec was enforced, but 7.75p per share looks reasonable now.

[bozzy_s] 29/4/2005 20:11

I'm not so sure about that, check out the accounts for details of Directors Salaries, nothing over the top there. I would be quite happy to buy back in at the right price, with the right news. That means a sell-off of the remaining ARX shares, and good progress with the pub/hotel investments.

[tamaybroke] 29/4/2005 18:04

They had plenty of time over the last 6 months to sell a further 35% of their ARx holding,and also plenty of oppurtunities to have sold at double the value it is today,that 35% if sold on those oppurtunities would be valued at two thirds the value of their entire holding in ARX at present.
I had shares in ARX and kept a close eye over the Jan, Feb,i sold my shares in Feb because i felt the future of ARX based on the announcements and other research done that it's future was looking more and more unstable and that a significant price drop was on the way.
Now surely INO's directors would have a little bit more information than ourselves to what's going on in the background concerning ARX.
Don't get me wrong i don't think these guys are fools but i do think their lining their own pockets here.

[bozzy_s] 29/4/2005 16:59

Just to confirm, the ARX share price has fallen from 20.25p to 8.5p in the space of 6 weeks. That's a 58% decline without a word from the Directors!

[bozzy_s] 29/4/2005 16:56

Well put it this way, I'm happy not to be holding and INO shares at the moment Tamaybroke! But there wasn't much the company could do regarding selling the ARX holding - not possible before 31st March 2005.

And I think the INO share price is far too high currently, it hasn't factored in the loss in value of the ARX holding, costing around £400,000 in a couple of months. I think 5.5p would represent fair value (pretty much the placing price).

It's the ARX directors I am more disgruntled with, where on earth are the orders for their products? The fact that they haven't even released a "statement re. share price movement" RNS in the last week says to me that the recent collapse is justified. They have nothing positive to offer to investors.

[tamaybroke] 29/4/2005 15:01

so bozzy your ok with the fact that they are now selling their ARX holding after the placing when it should of been the other way round,as i said earlier i'm glad i'm not in here because this smell's of something.

[bozzy_s] 28/4/2005 22:58

And further support will no doubt arise upon the sale of ARX shares. My guess is they are being disposed of at the moment, hence the continued demise in the ARX share price.

So let's imagine they get 9p per ARX share x 3.5m shares = £315,000. A nice little nest egg to purchase another small site with?

[the_meister] 28/4/2005 17:34

I guess the cross trade referred to above may well have been wills & co getting rid for a near instant 0.15p profit.

Strange way of reporting things though, with the announcement yesterday and then again today.

Anyway at least the recent goings on will help to support the price at current levels.

[the_meister] 28/4/2005 17:21

no way that trade at 7.25p today was a sell.

wtf is going on tho?

[bozzy_s] 28/4/2005 17:07

Looks like Wills & Co have already sold a chunk of their stock at 7.25p (not bad business considering they only paid 5.6p per share). Nice to see they were in for the long haul, not just a quick buck!

[brianbush] 26/4/2005 14:13

What, no comment on today's Agency Cross (X) sale of 1.5m INO at 5.75p?

[shawzie] 22/4/2005 13:34

nav/share at end of April 2004 was 11.3p and by early November 2004 the nav/share had fallen to 9.9p - with the fall in value of the ARX holding
and the issue of 9M new shares the nav seems to be heading for
around 6.p/share - this may be reflected by a fall in share price unless
the y/e April 2005 results are exceptionally good.

[sack of spuds] 22/4/2005 09:14

sorry posted twice

[sack of spuds] 22/4/2005 09:04

bozzy
sad to say i have arx shares and my view at present is very much the same as yours.They need sales to drive the share price,get the cash flow moving and uitilise there assets.However ino at the moment are in much better shape and as i see it have a sound business plan.

[bozzy_s] 21/4/2005 11:38

ARX has taken (another) nosedive today, I wonder if that is due to an INO sell-off? The sooner the better in my opinion. ARX is doomed, no orders, huge overheads, and now a shareprice starting to reflect that fact. Without news in the next month or so, I would expect ARX to be around the 5p mark (which is still a market cap of £7m).

[shawzie] 21/4/2005 00:27

perhaps posting number 954 by dell314 on this thread is worth pondering

[shawzie] 21/4/2005 00:20

pokey1979
my posting on this thread number 698 states that - - - " the existing 12.5M shares issued, raised £1,014,004 after expenses - about 20% of issue price swallowed up in expenses - but shareholders paid £1.25M for their shares.

[shawzie] 21/4/2005 00:14

vikingben
25% after March 20, 2004 ---- 35% after September 20, 2004 ---- and presumably
40% after March 20, 2005

[vikingben] 20/4/2005 22:34

shawzie
so INO can sell 35% of theire holding in ARX after 20/09/2004
what about the 65% balance, is there a date for those??

[shawzie] 20/4/2005 22:26

vikingben
my posting number 656 on this thread :-
"Shares in Aerobox - these shares are subject to the terms of a lock-in agreement under which the company cannot dispose of any shares in the period to March 20, 2005 save for a disposal of up to 25% of the shares after March 20, 2004 and a further 35% after September 20, 2004 unless such a disposal is made with the prior written consent of the broker to Aerobox or certain other circumstances

[vikingben] 20/4/2005 21:52

shawzie - I think you will find that INO can only sell 35% of theire current holding of ARX shares.

However I would be very disappointed if they were to sell at the current price.

Can anybody confirm the 35% ??

[shadowchaser] 20/4/2005 21:32

INO --There's nothing remotely intriguing about this stock --a complete waste of space ,time and MONEY !

--LOL!-SC

[tamaybroke] 20/4/2005 20:45

folks,my impression is Stevens and his mates have bought a large chunk of these,hence the current shareholders not getting a look in.
I asked him a little while back about a possible placing and the chances of stephen wicks getting hold of a large quantity of it,he reliably informed me that that wouldn't happen and that himself and his buddies would themselves w be interested in a large quantity of any placing.
Camlor, if you were advised to buy these because of the possible selling of their holding in ARX i would think again.
Without going into figures indepth,if they had sold their holding very recently in ARX it would of resulted in them being in a better financial position and therefore would have risen their share price considerably,and therefore a discount(similar todays % discount)placing would have probably been around 6.75 or so at least and would have raised another £100,000 at least,but more expensive for themselves to buy.
No i think the current shareholders have been shafted and the big boys took care of themselves,and that was the reasoning for the placing first rather than the sale of their holding in ARX.

[pokey1979] 20/4/2005 18:42

Shawzie, I would hope that the commission percentage would be alot lower than 15%, would hope it would be nearer 5% or below. What do you think?