Inland Homes Share Discussion Threads

[source] 13/6/2016 14:56

Thanks mfh

[sparkyhd] 13/6/2016 14:14

Have Inland actually performed any transactions with the Candy brothers yet?

[source] 13/6/2016 13:39

What did it say?Regards,Source.

[rjd1233] 13/6/2016 10:44

Dragging us down.... Looks like somebody has pushed us over the cliff edge!

[manrobert] 13/6/2016 10:00

presuming the weekend press on Candy Brothers dragging us down

[ben12358] 09/6/2016 12:00

Ok - I didnt know that.Maybe Barclays have made a play for the rest of Inland's loans. That could make sense (and avoid Barclay redemption penalties).Time will tell. It was abit of an odd rns to be honest..

[joe say] 09/6/2016 10:41

but what makes this very odd is that they have only just agreed a five year accordion facility with Barclays - so those early redemption clauses could prove expensive.

Not only that but the fees paid to date may well end up as 'worthless'

Therefore, the chances are they may well yet retain an element of this facility imo.

[ben12358] 09/6/2016 10:29

I read it such that INL are looking for one lender to replace a number of current lenders.Economies of scale and a floating charge over all properties should reduce overall interest costs.I would guess they would also have headroom for further purchases, rather than having to negotiate finance on a project by project basis.No need to inform current lenders, imo, just because early redemption clauses would be within current loan agreements with current property charges released upon repayment.

[joe say] 09/6/2016 07:57

The existing lender would have been told in advance of this decision without doubt imo - as this could affect their security

[impvesta] 09/6/2016 07:51

That's just what I thought Igbert. Are they trying to encourage existing lender to improve terms? It does seem strange.

[igbertsponk] 09/6/2016 07:49

Slightly odd announcement on refinancing. Usually you do this when you've done something, not before you start!Good to see they're now looking at more corporate debt than project funding though.

[yupawiese2010] 02/6/2016 18:56

Colchester.

[dt1010] 01/6/2016 19:13

Agree now is very safe from a margin of safety PoV.

[fruitninja84] 31/5/2016 17:56

From a trader pov i would say this looks ripe for a tree shake or a scare to shake out weak holders , could be a good opportunity to pick up some shares soon imo. Just a thought and a personal speculation. Been a holder here from 45.9p since 2013. 75p looking like strong support and needs a statement to move it.

[hornets89] 30/5/2016 22:58

Hi guys, I've got a quick question re the NAV here.

I'm trying to calculate the price / NAV ratio, in order to compare to other housebuilders.

Should I be using the 'normal' NAV of £107,066, or the EPRA NAV of £170,266 in my calculations? Or even the adjusted EPRA of £158,258?

Is the NAV quoted on other homebuilder's reports going to be standard or EPRA?

Thanks.

[norbert colon] 30/5/2016 17:51

Slight correction that application is actually deferred not refused.

[igbertsponk] 27/5/2016 13:14

I suspect it was the other way round. GT must have decided rather late that the accounting treatment had to change. Made INL look like proper Charlies.
BDO are much better for property companies - will send a few deals INL's way.

[cerrito] 27/5/2016 13:02

Cannot instantly recall a situation where an auditor resigns and says nothing that shareholders need to know about.
Perhaps they found INL rather a pain..especially in the issue INL had with the FRC on Drayton Garden.

[dt1010] 25/5/2016 19:23

There will always be local "not on my doorstep" opposition. Developers always win in the end though. Money talks.

[yupawiese2010] 25/5/2016 16:23

Locals "up in arms" in respect of Little Chalfont development.

[yupawiese2010] 24/5/2016 16:11

Poole starter homes article.

[dt1010] 23/5/2016 08:37

Good article in the EG pages 86 and 87 re Inland's 500 homes Chapel Riverside (Southampton) site. Paul Brett gassing on about it. Interesting though. £12m of remediation before they get it out of the ground!