Innobox Share Discussion Threads

[sack of spuds] 11/8/2005 14:31

bozzy
i guess it depends on ino's exposure in their pub/hotel investments. if they are looking to come through with good profits why sell now. however if they arent..take the 10p!
so what they(ino) do next could be a good indictor of the finacial state of ino.

[bozzy_s] 11/8/2005 14:21

1.91m ARX shares to get rid of. I'd take 10p personally.

[bozzy_s] 11/8/2005 14:20

Hope so. 10p to sell now. Time to cut the ties completely.

Not the best timing for the latest sale, but if they hadn't got rid of 1m @ 35p last year, INO wouldn't be so far advanced now.

[the big fella] 11/8/2005 13:33

I would expect them to sell them into strength.

[sack of spuds] 11/8/2005 11:19

They appear to be like the rest of us. got their timing just wrong! However i can only assume they were badly advised by there brokers!but they still have plenty left.
arx is now worth 9p a share and still rising.

[scaleyman] 05/8/2005 17:15

Must have been desperate or needs anew broker boz!

[bozzy_s] 05/8/2005 16:34

My my, 3.75p sell! Is the world going mad?

[bozzy_s] 03/8/2005 22:24

Ah, a true gent, nice to see you're still hanging around here Marvelman. Hope you're well.

I must admit my 'decision' to sell was somewhat forced due to cash problems. As it happens I bailed out at 7p and 7.5p, and the shares went up to 9p within weeks! But looks like I got lucky long-term.

I would also agree that a cash call is coming soon, and may well have already started, hence the recent slump. They can still place 2.5 million shares (only did 10m last time with potential to do 12.5m).

If they get say 5p per share from institutions, then that's £125,000 less costs. Not a fortune, and cash could yet become tight. I reckon the answer, and this is my personal opinion, would be to sell Moss Cottage as soon as the renovation work is complete. That should bring in around £1m and the share price would look cheap again.

[bozzy_s] 03/8/2005 10:37

Biswell, your figures are misleading on the other extreme! I agree totally re. ARX of course, what a disaster. However INO have managed to sell at mini-peaks, so I think we can at least book in 6p per share.

So, net assets...

1.91m ARX shares @ 6p = £114,000 (why you had a negative figure I don't know, because you didn't balance it out with the book value)

Cash proceeds from ARX sale = £90,000

Cash proceeds from share issue = £500,000 (most re-invested and capitalised I would guess)

Unreported trading losses since results = -£100,000

Sling those figures into the equation and you're looking at a better picture than Biswell paints. I'm still not tempted though due to the risk of working capital running out.

[ic0gcds00] 03/8/2005 10:09

short and biswell

[sack of spuds] 03/8/2005 10:00

as i said in post 1185
biswell is infamous for his deramping, flawed logic, bigoted agenda and a refusal to accept facts. See ARX today if you want to see what noise and spin he can produce.
I have nothing against biswell personally,but his posts are mostly flawed inaccurate and sometime outright mis-information. He has an agenda of his own.(god knows what it is)
filter him i have.he's not worth the time and effort.

[shawzie] 03/8/2005 09:53

biswell
have you considered the Royal Oak at Leominster and Fishmore Hall
at Ludlow and the additional issue of 9M shares ?

[plast] 03/8/2005 08:43

property prices are falling, lol, not enough to worry about, soon bounce back always do.

[biswell] 03/8/2005 08:24

I have asked for the NAV to be revised and nobody has done so , this is what it is on the header

Net Asset Value Estimate / NAV as follows...

3.5m ARX shares @ 23.75p ...................... = £830,000
Moss Cottage Property = £1.0 mn.Est x 80% share = £800,000
Unreported Trading Profit from Moss Cottage = Say £100,000
Cash (again this isn't known, but a guess)..... = £200,000Est
Three Tuns chg.in property value since purchase = £ 50,000Est

------------------------------Approx Net Assets = £2,000K
------------------------------Which is approx 16p per share.



I will now put in my figures ...DYOR

Net Asset Value Estimate / NAV as follows...

1.9M ARX shares @ 5.25p , remainder sold ......... = Loss of - £400,000
Moss Cottage Property = £0.9 mn.Est x 80% share = £720,000
Unreported Trading Profit from Moss Cottage = Say £50,000
Cash (again this isn't known, but a guess)..... = £50,000Est
Three Tuns chg.in property value since purchase = £ 30,000Est

------------------------------Approx Net Assets = £450K
------------------------------Which is approx 3.6p per share.


So my personal take is that the NAV is 3.6p , but property values are falling, and I expect another -30% fall over the next 3 years

So my prediction is a future NAV by end of 2007 is round figures 2.5p


To leave the NAV as is on the thread is very wrong

B

[biswell] 02/8/2005 19:04

The last lot of ARX shares were sold at a loss of circa £174k at 7p

The remainder will mean a loss of circa £190K at say 5p

The NAV on the header needs serious rework and is thus very misleading to newbes

ARX figure must now read something like a minus £300k figure

Cash must be all but gone

Property prices have been falling for the last 13 months

B

[bozzy_s] 02/8/2005 18:53

Hmm, support already. Someone took 100k @ 4.6p.

[scaleyman] 02/8/2005 11:24

..or death watch beetle?

[scaleyman] 02/8/2005 11:23

...yeah, like thru' the floor boz? Must be a bad case of dry rot in this property portfolio!! :)

[ianturner] 01/8/2005 12:25

(Liquidity Ratios)
Net Working Capital to Total Assets Premium Silver Data %
Current Ratio 5.16
Quick Ratio (Acid Test) 5.06
Liquidity Ratio 3.87
r these figures correct?

[bozzy_s] 28/7/2005 18:40

Hi Tamay, nice to see you here still. I currently have no open share positions. Managed to get into CCO at 55p and sold at 76p. If I'd held for another 2 hours I'd have got 100p! Like the look of Ben Bailey (BBC). Cannot for the life of me see why they trade on a P/E of 4, and seem to have always done so.

Infinity, I think it might have been part of the plan to buy in undesireable areas, to avoid paying top-whack for the properties. Must admit I wasn't overly impressed with the reports of barking dogs, derelict greenhouses and unsightly power lines at Three Tuns.

Shawzie, I too considered the ARX holding a bonus. I firmly believe the rest should be sold off, and the association with ARX ended. Time for the company to concentrate on it's business plan - to invest in run-down pubs/hotels. I would be surprised if they announce a trading profit in the results, due to all the interruptions on site. We'll see though.

Looking for the right moment to re-invest. It might well be when the ARX link is cut.