Inland Homes Share Discussion Threads

[masurenguy] 21/3/2016 07:49

Great set of interims - further progress is likely in H2 !

Strong financial results delivered across all operating metrics

-- EPRA net asset value of 84.4p per share

-- 274.4% increase in PBT (including £14.0mn revaluation surplus) to £21.5m (2014*: £5.7m)

-- Group revenue increased by 4.9% to £55.1m (2014*: £52.6m), reflecting a higher average selling price per unit of £325,000 (2014*: £242,000)

-- Current annualised rental income has reached an all-time high at £2.3m per annum

-- Committed £20m revolving credit facility, with an 'accordion facility' of £10m, secured with Barclays Bank plc to finance the majority of the Group's housebuilding activities

-- 33% rise in interim dividend to 0.4p (2014: 0.3p) per share, reflecting strength of earnings performance and the Board's confidence in the outlook

Growing land bank providing opportunities for strong returns through planning, development and sales

-- Disposal of 244 plots across three sites during the period, for a total consideration of £21.5m

-- Gross margin from the sale of private homes increased to 24.1% (2014*: 22.0%)

-- Net increase in the Group's land bank with the addition of 833 plots, bringing the total number of plots in the portfolio to 5,672, of which 1,146 have planning consent

-- Significant value-add activity with projects progressing through the planning system

[bhafc5] 21/3/2016 07:46

They are worth that !

[igbertsponk] 21/3/2016 07:40

Cracking results! £14m revaluation uplift on the Beaconsfield rental houses alone! Should now move up to £1.

[bodgit] 18/3/2016 17:28

Results on Monday then. Good luck all.

[shanklin] 07/3/2016 08:00

Last year the interims were 31-Mar, as was also the case in 2014. I haven't yet seen any reason why they will be earlier this year.

Admittedly in 2013 they were issued on 20-Mar.

[altom] 05/3/2016 08:31

expecting excellent Interims in next week or two. share price will probably disappoint in present uncertain atmosphere. Fair amount in cash is my plan until referendum.
IMHO this is the best of the housebuilders.

[dt1010] 01/3/2016 22:01

Need to break out of that descending channel short term

The results should do it

[jdb2005] 26/2/2016 18:28

QS99 - Most Builders have benefited from better economic data

[qs99] 26/2/2016 14:28

decent step up suddenly...

[manrobert] 26/2/2016 10:29

ok thanks Peter.

[peter27] 26/2/2016 10:13

Website says results due in March so no prior update now.

[manrobert] 26/2/2016 08:59

I wonder now are we going to get a trading update.think results come out in april.

[shanklin] 22/2/2016 08:34

yupawiese2010

Thank you for posting a link to the Wilton Park report.

No idea about the ability of local schools and doctors to cope with the associated increase in demand... ...which I took to be two of the main issues highlighted... ...as per most/all larger scale housing developments?

Cheers, Martin

[dt1010] 21/2/2016 21:19

Lol yes tomorrow is Monday after all doh, source ;)

[source] 21/2/2016 19:48

Bovis's tomorrow actually DT1010 - hopefully help confirm the positive backdrop is continuing for builders.

Regards,
Source.

[dt1010] 21/2/2016 19:12

Rising house prices, low mortgage rates and limited stock offers a positive combination ahead of results from Bovis Homes (Mon), Persimmon (Tue) and Barratt Developments (Wed).- cmc.

[dt1010] 20/2/2016 12:51

HAHAHAGAHA good idea sorry! (Post deleted!!)

[sparkyhd] 20/2/2016 12:38

Ok but you're DT not DD as mentioned in the post. Unbelievably sometimes people aren't always talking about you.

Can't you take a few more trips to Barbados to reduce the oil glut and drive up prices?

[sogoesit] 20/2/2016 03:53

Wow, DD, a switch from property to miners?
I can understand a re-balance in a portfolio but a complete switch on "fashion" confuses my mind.
If miners are recovering, or going higher, then, with a lag, economic activity must be going up and property would be on the rise.
In any case there is a fundamental supply/demand imbalance in favour of demand in housing whereas, for miners, there is excess supply! Good luck with that "trade" and hope you don't get fooled by a rally in the downtrend. Just my view.

[dt1010] 19/2/2016 19:15

These stocks do require patience.
Good luck chasing fast bucks elsewhere ;)

[duncan doughnut] 19/2/2016 18:43

I decided to sell this week. Builders seem out of fashion at the moment and money rushing from them to mining stocks.

Good luck all.

[yupawiese2010] 19/2/2016 18:25

Wilton Park feedback report

[source] 19/2/2016 09:13

Nice bounce today so far. Regards,Source.