NO ONE IS TALKING ABOUT THIS LITTLE RASCAL-WHATS HAPPENING-ANY NEWS ABOUT MERGER-THERE IS RUMOURS THAT IT COULD VALUED AS MUCH AS 10P A SHARE-IS IT TRUE??IF ANY ONE KNOWS ANYTHING PLEASE REPLY-I COULDN'T BELEIVE THAT PEOPLE STOPPED WRITING ABOUT THIS SINCE THE MERGER ANNOUNCEMENT WAS MADE-BUT PLENTY OF SUGGESTIONS AND POSITIVE NOTES BEFORE THE ANNOUNCEMENT-IS IT GOING BUST???????

wot???

SuHelen, i see you picked ial as one of your stocks in the stock pickers competition, have you got an up to date view on them

Leave them well alone cath...I certainly have....delay in releasing results is putting pressure on the price.

9 June 2004



FORM SAR 3


Date of disclosure... 9th June 2004 ...

DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")


Date of acquisition... SEE ATTACHED SCHEDULE OF DISCRETIONARY SHARES MANAGED
Acquisition in........ INTER ALLIANCE GROUP PLC ............(name of company)


(1) Class of voting shares Number of shares/rights If rights over shares
(eg ordinary shares) over shares acquired acquired, as opposed
to the shares
themselves, specify
nature of rights

ORDINARY SHARES .... ..2,000,000.....shares NOT APPLICABLE
ON 7TH JUNE 2004
...N/A..........rights


(2) Resultant total holding Resultant total holding Total percentage
of voting shares (and % of rights over shares
of total voting shares (and % of total voting
in issue) shares in issue)

12,258,333...(1.35%) ...............( %) .... 1.35% ( %)


(3) Party making disclosure....... EDEN GROUP PLC .....................

(4) (a) Name of person acquiring shares or rights over shares PERSHING
NOMINEE
and, if different, beneficial owner... SEE SEPARATE SCHEDULE ...

(b) Names of any other persons acting by
agreement or understanding (see SAR 5)...... NONE ............


Signed, for and on behalf of the party named in (3) above... JOHNSON-COLE ...

(Also print name of signatory)..... WALTER JOHNSON-COLE ..................

Telephone and extension number..... 0207 509 7440 .........................

Note 1. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

Note 2: The resultant total percentage holding of voting shares and rights over
shares is to be calculated by reference to the percentage held and in issue
outside treasury.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129. E-mail: monitoring@disclosure.org.uk

Inter Alliance


Client Ref Client Name Nominee Qty Book Cost Purchase Date Shares

KSABBEDI Abbott Mrs E D M 700,000 15,563.13 21/07/03 500,000
08/01/04 200,000

KSBALNFI Baldock N F 700,000 15,563.13 21/07/03 500,000
08/01/04 200,000

KSBRANI Barnard Miss A T 90,000 2,425.65 08/01/04 90,000

KSCHAKJI Chandler K J 450,000 9,988.83 21/07/03 325,000
08/01/04 125,000

KSEGLCRI Eglington Mr C R J 1,000,000 8,000.00 21/07/03 1,000,000

KSGREENI Greenleaves 200,000 5,378.13 08/01/04 200,000

KSHAYDBI Burstow Mr D - SIPP 300,000 8,062.19 08/01/04 300,000

KSHAYHOBI Hobart Mr C - SIPP 260,000 6,988.57 08/01/04 260,000

KSHAYJB1 Brocklebank 150,000 4,036.10 08/01/04 150,000

KSHAYMOI Moxon Mr J W J 1,000,000 20,261.OO 21/07/03 1,000,000

KSHAYWAI Warner-Allen - SIPP 140,000 3,155.40 07/01/04 140,000

KSHILSI Hill Mrs S H 300,000 6,155.00 21/07/03 300,000

KSMACMI Mack Mr A G 2,500,000 52,994.50 21/07/03 1,250,000
05/01/04 1,250,000

KSMACNII Mack Family Children's 250,000 5,094.17 21/07/03 375,000
Tst No 1 26/05/04 (-125,000)

KSMACNZI Mack Family Children's 333,333 6,789.99 21/07/03 500,000
Tst No 2 26/05/04 (-166,667)

KSENTCNI Nettle Mrs C G 200,000 4,080.00 21/07/03 200,000

KSNOBEMI Noble Mrs E M 360,000 8,384.50 21/07/03 200,000
08/01/04 160,000

KSPPMRDI Dempster Mr R 175,000 3,571.25 21/07/03 175,000

KSWALMJI Walters Mr M J 250,000 5,097.50 21/07/03 250,000

KSWALRCI Walker Mrs R C 500,000 11,168.60 21/07/03 350,000
08/01/04 150,000

KSWALWGI Walker Mr W G T 200,000 4,080.00 21/07/03 200,000

KSWARJCI Warner-Allen Mr J C 2,000,000 19,273.50 21/07/03 350,000
10/09/03 (-350,00)
07/06/04 2,000,000

KSWHIJWI Whittle Mr J W 200,000 5,378.13 08/01/04 200,000



TOTAL 12,258,333





This information is provided by RNS
The company news service from the London Stock Exchange
END

After IAL's failed attempt to merge with rival BBB, I was sure there would be another attempt.

In my opinion, IAL believes that size matters in gaining more advisers to achieve critical mass and a value either on the stock market or as an acquisition, which will most likely be by a product provider. You may ask why would IAL be a target for a product provider when their major shareholders include the likes of "Gartmore" and "HBOS". I believe this is more of a defensive strategy to avoid IFAs, like IAL, falling under the control or influence of main competitors.

All major shareholders increased their holding a few months ago after BBB's merger news. I would expect the same to happen this time around, because IAL will become a takeover target if this merger goes ahead as it will be better positioned than its 6 other quoted rivals.

Basically, if this merger goes ahead IAL's shareholders will be the happiest in the stockmarket.

Anyone want to enlighten us why after 1.5 mil buys and no recorded sells it drops 13.6%. Does that mean the the MMs have large ampount in hand and/or a massive sell will be recorded at and of play to-day

from my inquiries it is clear that it is almost hit and miss as to whether a transaction is recorded correctly as a buy or sell. there is a whole host of reasons. so my conclusion is to take at least two pinches of salt before concluding that the buy/sell figures are any thing like accurate!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Yes . . . I bought a few days back @ 1.1p and wasn't too worried when they almost immediately fell back to .65p - but I have to admit that I am mightily puzzled at todays drop when I see all the sells.

Does anyone, more informed than I, have any thoughts on this?

why is nobody picking this one up on here

Posts between Jun and earlier in Aug seem to be missing !

What is there to say ? ...Everyone's who's not sold is sitting on a big loss with this one. I guess everyone is waiting for the dust to settle and to be able to at least get back to where they got in or even make a profit !However long it takes..

Yep! You are dead right there, skyhigh. I am lucky in that I only went in very small with IAL - but now that I have had to accept the share offer, I am just sitting, waiting to see what my new, bright, shiny, Millfield shares will be worth - then sell the buggars bloody quick!