Innobox Share Discussion Threads

[sack of spuds] 04/11/2005 16:12

intersting announcement from watermark now formally tied up with arx.
so will ino sell remaining stock or hang on?

[shawzie] 28/10/2005 15:57

According to Year End Financial Statement 28/2/05 BDT held 15.04% of ordinary share capital in Innobox plc valued at £165,440. By 4/8/05 the value had fallen to £84,600 wiping out more than 10% of BDT shareholders funds.
The market share price of Bidtimes could fall well below the current 6/7p perhaps back to 3.5/4.0p. Half Year results should clarify the BDT position.

[latestarter] 28/10/2005 13:06

plenty of things can be done at 10% an egm can be called, you can vote against the director to be re elected at the next agm, or you can vote against the accounts, but you will need support from fragmented shareholders, whilst director holdings here are poor they will be able to use the clout from the BDT holding 1.8m
Arthur baker is also a director at blue chip casino. im 100% certain s wicks has bought more he would need to be sounded out as he also holds 20% of BDT
what are your concerns?

[latestarter] 28/10/2005 12:49

so how many shares?

[katoema] 28/10/2005 12:41

We are a corporate in France. It is not a notifiable amount under British Regulations. K

[latestarter] 28/10/2005 12:25

how many shares do you hold/represent katoema?

[katoema] 28/10/2005 12:21

If this company was here in France, for sure the directors would be going to a Tribinal now and probably from their to prison. Anyone shareholder can challenge any one director and, as a quoted company, would have to account for their actions in public. You people in the UK cannot do that, unless it was criminal, or can you? We here for sure will be taking advice and following it. K

[shawzie] 28/10/2005 11:18

This share price looks to be following Meriden (also controlled by Russell)
which has more than halved in the past six months.
So perhaps Innobox will soon be 2.5/3.25p by the time that I get my copy of the Annual Report and Financial Statement.

[latestarter] 27/10/2005 15:46

I would make a couple of points, whilst we all expected poor results which were duly deliverd,i still buy th e story, but clearly wwe are going to have to dig in for the winter.

[bozzy_s] 27/10/2005 15:09

Good move L.S, and agreed Shawzie. Medium and long term prospects are now looking poor following those dreadful results.

What I do not understand is why someone is still buying large amounts at 5p+ per share, where the balance sheet shows NAV of 4.2p in April 2005, and the Chairman's statement says the year has started poorly. I think a more realistic current NAV would be around 3.5 - 3.8p per share.

[shawzie] 27/10/2005 12:02

I have been optimistic in the past about Innobox but the current annual report is a lesson on how to have your cake and eat it - or is it "you can take a company to the AIM and you can milk it?"
Investments in Innobox made by the Directors have surely been covered by their fees/expenses.
Nav/share was 11.3p at April 30 2004 and is now 4.18p.
Lost what little confidence I had in this Board, now time to depart.

[hendenne] 27/10/2005 09:53

the bozzy's out of the bag and the cat's got the mouse

[latestarter] 26/10/2005 12:32

Holding(s) in Company

Innobox Plc

Holding in Company

Innobox Plc (the "Company") was notified on 25 October 2005 that, following
recent purchases of 2p ordinary shares in the Company ("Ordinary Shares"), Mr.
Stephen Wicks is now interested in a total of 1,075,000 Ordinary Shares, of
which 625,000 Ordinary Shares are held in Mr. Wicks' own name and 450,000
Ordinary Shares are held in the name of the Wicks Pension Fund. This total
interest of 1,075,000 Ordinary Shares represents 5.00 per cent. of the issued
share capital of the Company.

Enquiries:

Russell Stevens 07860 562621

Chief Executive, Innobox Plc [e-mail]

David Simmons 0161 838 9140

Westhouse Securities LLP [e-mail]

[hendenne] 26/10/2005 11:56

For sure I have previously accused bozzy of ramping Innobox - just look at his posts a few days ago, strongly positive when the price increased on no news.

If you don't want to lose money remember this little exchange the next time you see bozzy posting positively on this thread.

[bozzy_s] 26/10/2005 10:29

Final word of advice for any newbies here, ignore everything Hendenne says. He/she accused me of being a company insider not long ago, and of pumping/dumping shares.

[latestarter] 26/10/2005 10:09

for a stock that should be attracting sellers, the market is actively looking for it

[hendenne] 26/10/2005 09:30

WAKEY WAKEY RAMPERS - time to fill yer boots bozzy and co - you guys start shouting on this board to push the price up then are 'surprised' when it crashes - you have done this many times before and have no doubt made a packet st the expense of your gullible followers.

Innobox is was and always will be a bad investment, except for its directors.

recent Crampers postings >>>>>

infinity - 25 Oct'05 - 12:44 - 1417 of 1430

Well in that case nice to know we have at least 2 very knowledgable property "gurus" as investors - Stephen Wicks & Mark Clare. Any further negativity in the shareprice will see me add further

bozzy_s - 25 Oct'05 - 13:00 - 1418 of 1430

Join the queue mate! There is good support out there, and I think cutting the ARX connection has helped greatly.

[vikingben] 26/10/2005 09:27

Can somebody please post the results on here, I am still here>

Ben

[jmillskeel] 26/10/2005 08:53

The place at Leominster is a nice enough pub, problem is Leominster is not so nice, night time is a no no.

Fishmore on the other hand is good, but wont be finshed for 2 years and i am 100% sure they do not have enough money for the works with out the sales of most of the other assets.

2 plots as Leominster will being in £80-100k, which is a nice bonus and maybe that is the way the company should be going...

[trading blue] 26/10/2005 08:43

bozzy_s
A wise move i must say,I sold out after i visited the 3 Tuns as you remember i
was not impressed and they will have a job selling it believe me.

[bozzy_s] 26/10/2005 08:21

Balance sheet date 30/4/05 so already includes the placing proceeds.

I'm not usually one for panic selling, but this was an exceptional case.

Anyway, hope you managed to pick up my lot at 4p.

[bozzy_s] 26/10/2005 08:08

Right, I'm gone. Can't hang on for years myself.

The biggest worry (other than poor trading, significant decrease in NAV) is the lack of cash. There was a placing for c.£0.5m on 20/4/05. 10 days later the cash balance was c.Nil.

I do wish L.S and the others all the luck in the world.