Share Name Share Symbol Market Type Share ISIN Share Description
Innobox Plc LSE:INO London Ordinary Share GB0000528181 ORD 0.05P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 0.10p 0 06:32:19
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 0.04

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Date Time Title Posts
03/5/200821:16Innobox: An intriguing Microcap1,674
16/10/200420:29sell ino,says ino arx breakout12
16/10/200420:28ino arx breakout is desperate to sell ino20
16/10/200420:27look at ino i told u is a twat10
30/6/200411:48ino on the ropes.running out of money.sell4

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bozzy_s: I bow to a BB genius. I am not worthy Marvelman! As it happens, my enforced sell-off of about 2% @ 7.2p turned out alright. I'm delighted to be back in for about 1% at 5p! I suspect the results day might just allow entry at a lower price. They should be poor, everyone (including substantial holders) are expecting poor results. Maybe one or two punters will sell out then. This will however go against the trend of a mark-up in share price upon results release, which has always given a net asset value well in excess of the actual share price. Hopefully the reduced exposure to the ARX fiasco will also help this time. I'd rather have assets in hotels or pubs or cash (hell, I'd rather have investments in brothels) than ARX!
shawzie: I see no reason to panic and the fall in share price was to be expected. The full year accounts will certainly show a loss in value of the Aerobox investment and I have always considered this investment to be the equivalent of surplus profit when valuing Innobox. Moss Cottage Hotel may show a loss for the year due to the refurbishment of the bar and dining room. I anticipate that the Three Tuns should break-even and the Royal Oak should be profitable. My understanding is that Fishmore Hall refurbishment is due to commence in August and will not be completed until around easter 2006. The closing 'bid' price today more clearly reflects the nav of Innobox. Although the share price may have further to fall I have brought my holding back to 1.0% by purchasing 70,000 shares today. Meriden Group Plc - The Company announces that it was notified on 21 July 2005 that one of its directors, Mr R W Stevens had on 20 July 2005 sold 13,000,000 0.1p ordinary shares in the Company at a price of 0.712p per share. Mr R W Stevens now holds 152,500,000 0.1p ordinary shares in the Company, representing approximately 44.2 per cent. of the issued share capital.
swiftnick: I think the lower graph in the header says it all. The INO share price has held up remarkably well in the face of the ARX decline and is now looking vulnerable. Not only does the fall in ARX impact on INO's net asset value, but it also gives the company less collateral for future expansion. On top of this, worries about the economy may hit the licensed trade sector more than other sectors. Delays at Fishmore Hall will push back the timing of future income streams. Obviously a major contract win for ARX would shift sentiment, but the risk/reward balance for INO has definitely deteriorated.
bozzy_s: 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.
shawzie: I wondered what effect movements in the licensed trade share prices would affect INO share price, considering how ARX share price seems to move INO share price. Perhaps the licensed trade just ignores INO - but bid now down.
hendenne: Good point shawzie....... therefore, potentially at a huge discount to today's price....... For sure the likelihood of raising capital by a dilution will have a dampening effect on INO price....that's if punters do their research (eh TMB.) TMB - I am confused by your confusion..... if people like bozzy 'find' a stock with a 'hidden' high NAV on a penny stock then that's enough research for me to have a bet, together with a read of the other posts on this and other threads. TMB - are you whimsical? did I name you as one of the ramping posters on this thread or have you just recognised something? maybe it's time to call a halt to name calling...... For the sake of all HOLDERS I do hope to see an eventual improvement of INO price - let's hope that commercial property prices hold up, particularly properties such as those owned by INO. We must also trust in the board of INO to maintain a strongly positive cash flow sufficient to service the rapidly growing debt (mortgages)....... What I do not want to see is INO become a rubbish penny share that is traded by rampers and derampers.........
woodburnd: Innobox PLC - Tue 05 October 2004 07:00 - RNS Final Results Innobox Plc (the 'Company') Preliminary results announcement for the year ended 30 April 2004 5 October 2004 Chairman's Statement I am pleased to report the Group's results for the year ended 30 April 2004. The loss for the year after taxation and minority interests was £69,882 (2003: profit of £595,655), which represents a loss per share of 0.56p (2003: earnings per share of 4.77p). The loss is stated after the Group incurred exceptional costs of £86,253, which related to the Group's change in strategy. Following this change in strategy, which was approved by the shareholders in June 2003, the Board is pleased to report encouraging progress. In July of last year, the Group acquired the freehold of the Moss Cottage public house, in Ripley, Derbyshire and subsequently received consent from the local authority for redevelopment of the site to add a 14 bedroom hotel complex together with a residents' lounge and function room. The new hotel opened for business on time in July 2004 following a disruptive, but necessary, 26 week construction programme. The hotel has quickly proved the demand for additional rooms in the area and is now consistently running at 80% occupancy levels. Turnover is approaching budgeted levels and the site is trading profitably. The Board has been satisfied with the performance of the investment in AeroBox Plc during the year and the profit of £142,500, which was generated on the 22.2% part disposal of the investment, was pleasing. The Board continue to monitor very closely the Group's investment in AeroBox Plc and believe that the investment will provide further capital growth and realise future profits for the Group. In May 2004, the Group acquired the freehold of its second site, The Three Tuns public house, in Pettistree, near Ipswich. This operation is an 11 bedroom pub hotel. Since its acquisition, we have refurbished the restaurants, bar, gardens and letting bedrooms. The site is now trading profitably and our local marketing campaign is attracting major local companies as regular clients. We will shortly be applying for planning permission to add an additional 17 letting bedrooms. The Group has exchanged contracts to acquire a third site, The Royal Oak Hotel, in Leominster, Herefordshire. The Royal Oak is a beautiful Georgian coaching inn, with 18 serviceable bedrooms, two underperforming function suites, a closed wine bar and a number of further bedrooms which are not up to letting standard, but are capable of being refurbished at a modest cost. The whole site is currently run down and in need of care and attention. Completion is expected to take place on 14 October 2004 and the Directors have high expectations for The Royal Oak as part of the Group's portfolio. These sites fulfil the investment criteria which the board proposed last year, in that prior to our ownership they were not trading anywhere near their potential. However, under our ownership and guidance, together with carefully selected management and a focussed investment programme, they have the opportunity for significant improvement in trading performance and capital growth. This Group is in a people business, where we are competing for our customers' leisure spending. Our managers are therefore key to the success of our ventures. We believe that, by allowing our managers the chance to hold equity in the site that they manage, we have an imaginative approach to finding, keeping and rewarding high quality management. This arrangement ensures that we have highly motivated local management looking to add capital value to the venture and this approach has attracted several potential high quality managers to our Group. As a consequence, our next acquisitions are currently being evaluated and will be structured on a similar basis. The Directors feel that the current profitability and share price do not represent the true potential of your Company. However, we are confident that our strategy will deliver both increased trading profits and resultant capital growth and we look forward to the future with confidence. We are delighted with our first three ventures and would like to share this success with our shareholders who will all shortly be receiving a voucher entitling them to a complementary double room with full breakfast at any of our establishments and we look forward to receiving valuable feedback from those shareholders taking up this opportunity. Whilst the Company has made significant progress during the year, the share price performance has been erratic. It is also disappointing to note that the share price at the date of this report of 7.25 pence is at a significant discount to the Group's net assets per share of 11.21 pence as revealed in these accounts. It is hoped that, with further acquisitions in the pipeline, the share price will rally in the current year and the Board will be monitoring the situation closely. As stated above, the Directors believe that the AeroBox Plc investment has significant growth potential and they do not plan to sell any more of these shares in the short term. Therefore, in order to fund further site acquisitions, the Directors are considering a placing of shares in the future and the notice of the Annual General Meeting contains a resolution, which, if passed, will permit the Directors to pursue this strategy. This resolution will enable the Directors to issue all of the authorised, but unissued, ordinary shares, which currently total 12.5 million ordinary shares, equal to the number that is currently in issue. Finally, I would like to take this opportunity to thank my colleagues and our employees for their hard work during the year. A S Baker Chairman 4 October 2004
superslob: Bozzy_s, if you do come across the correct e-mail and re-send your item, I think it would also be worth adding one of your calcs of INO share price worth and ask why the directors aren't buying at such low prices! Regards
weegeordie: INO share price up again.
bozzy_s: Brianbush, what I am saying is, Moss Cottage is worth £500,000. That is the property value. It is making a small profit at the moment, and will hopefully grow into a bigger profit. At the moment, the INO share price values Moss Cottage at £0. Everyone knows that should INO sell Moss Cottage, they would receive more than £0 for it. And cash is cash, and should be valued at £1 per £1. And 3.5m ARX shares are worth approx. £1.25m. Perhaps they should be valued at 80p per £1 for prudence sake. Add up the facts and we have an undervalued company.
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