Can anyone explain were this company is heading. Is it time to bail out with a merger or will the share price keep diving?

reference the trading of interalliance i see it has 1338 advisers, from my experiance over many years i can say that it is so very difficult getting one sound reliable financial adviser. these chaps are in neary every case just out and out salesmen who thrive by their wits. there true knowledge is very very limited...it fact it is so often limited to those products that show commission. in further fact the greater the commission the greater their knowledge of that product and so the greater eagerness to sell it..

all of this is like a south sea bubble in that one day the punter wakes up and cancels the product and part of the commission gained can be refunded to the product provider.

you should ask interalliance :
what is the average of years of service of financial advisers...my guess is 3 years

if every one cancelled their policies tomorrow how much commission would have to be refunded to the product providers.. i am 100% sure that interalliance are taking into their accounts as income commission before it has been fully'earned'

if interalliance wish to explain the answers to these questions then i shall welcome this

it beats me why anyone should buy shares in this company which has 'will of the wisp' goodwill and intangible assets of this magnitude coupled with 34,000,000 of losses in its last year and 18 million of losses in the previous year.

then look at the 79,000,000 of options granted to IFAs [the advisers!]and employers and a further 30,000,000 of options granted to directors.. all of these options waters down you share values.

surely you can do better than to buy inter alliance shares

10% up today

What's going on here?

Any technical input, apart from mpw777, cause I don't want hear it.

mpw777 - May I ask what your motives are for input on this BB. Would not your interest be better served on a stock you are keen on ?. We all know that this one is a punt but punts can turn into yachts

oakapples posting 26

i know all there is to know about financial advisers and,in particular,about independent financial advisers.

with few exceptions it is all a 'scam' and that includes the product providers...again with some exception of some products of some product providers. everything outside these two areas can be a 'scam'.

as a leading actuary announced yesterday the whole field will be better if there was no commission at all paid.....only specified clear fees and expenses.

i am sure that the salesmen of interalliance do some good.. but so often i guess a big chunk of the initial investment can go in commission and expenses.the products offered can be narrow.
in addition life offices have poured millions into purchasing shares in interalliance...i suppose to gain a flow of business. i guess that that money may have come from the policyholders funds,,,and not from shareholders funds.

there is no aspect of interalliance that excites me ...in fact the opposite applies. i simply put my arguments into the pot!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Things are hotting up merger news imminent

What makes you say so - john50

how do u know?

MPW777.I agree.

look at trades today

check the latest RNS for the merger update

Well done john50 - was it an educated guess. Go on my son!!

Would anyone try to explain to me why following this announcement there are sales recorded and one at .63p. Is it not that case that if merger is accepted we would get 1.25p or should I read the small print.

Oakapples - you should indeed read the small print.
You get 1 MIL share for every 47.2 IAL shares that you hold. It is not a cash offer.
As MIL is diving, the offer is now reduced to about 1p equivelant per IAL share.
Presumably, institutions and shrewd IAL holders are shorting MIL ahead of receiving their stock, thus locking in value and allowing them to buy back cheaper when the hordes try to sell their new MIL shares.

Rgds
dell
All IMO, DYOR etc.

dell314 - very grateful to you - had my head in the clouds - just got my EEN consolidation letter from HSBC which has also confused me - so I think I will take a day off - thanks again

Rgds

GC-R

It is obvious that for those who bought IAL shares at 1 pence would at least treble their money if those 'new' MIL shares are sold at todays price. You see it needs FSA approval for this merger to go ahead and that may take a long time, by that time perhaps the whole stock markets may be running up again.

Dell 314 u are wrong saying that MIL shares could be shorted. MIL or IAL are not a large or mid cap company and thus, it does not get shorted. (it is a fact that brokers with CDF and Spread Betting do not deal with very volatile stock like MIL or IAL)

would like to hear more from all those IAL holders.

Xmortal the spike was short lived, but am sure there will be more to come when things settle down.

xmortal - 09 Aug'04 - 20:05 - 37 of 38

It is obvious that for those who bought IAL shares at 1 pence would at least treble their money if those 'new' MIL shares are sold at todays price.

What are you trying to say, as the above quote makes little sense?

As for shorting, you can generally short companies with a mkt cap over 25mln. Specialist brokers can arrange shorts of smaller caps for favoured clients.

Also, have a look at a chart of MIL and then check your understanding of the word, "volatile".

Rgds
dell

Dell314,

why are u negative about the outcome of the merger??? tell me the reasons why backed with fundamentals not with TA or your assumptions on shorting.

you always deramp, even in other threads. Most people who bought IAL at much higher prices that 1 pence have not choice but to hold and see what happens. There is not point now of selling IAL shares as they will be worth almost nothing.

Xmortal - IAL has admitted that it could not survive alone without further cash.
There are already loans of c. 15mln arranged for the merger.
IMO A significant amount of this will go to city leeches for arranging this deal.

Will the 15mln be converted to equity, or be debt??
Either way it doesn't seem a promising start.

Restructuring will IMO be used to justify forthcoming poor results and I'll be surprised if there aren't further requests for more cash, relatively soon.

What do you think is the bull case?
You also haven't explained what you meant in your earlier post.

Rgds
dell

xmortal are you saying even with people buying this share now will loose money,even with the merger?its all confusing to me,please give your opinions as to what could happen to inter alliance holders,for those people who bought after the news of a merger at 1p a share.will they loose or could gain?or should they bail out asap?