Innobox: An intriguing Microcap

I know I'm not the most popular chocolate in the Ino box for coming up with this, but subsequent price action has been similar to those numbers mentioned

biswell - 28 Aug'05 - 12:21 - 1268 of 1489 edit


This is what I said a few weeks back.

biswell - 3 Aug'05 - 08:24 - 1208 of 1254


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