Inland Homes Share Discussion Threads

[kilgallp] 23/6/2016 09:17

I'm with you JS!

[dt1010] 22/6/2016 19:12

I bought more today.

We will REMAIN on Friday and this will move up very nicely next week.

Buy now, these prices are about to be left well behind.

[manrobert] 22/6/2016 14:12

I sold as well but bt back in a few days ago so simon s tip was fortuneate for me.

[shaker44] 22/6/2016 14:09

IC very bullish. The article talks about good profit on recent land deals and has a target price of 95p. I sold and may buy back...

[manrobert] 22/6/2016 12:47

can you give me the outline of the tip as your link only brings up the note on bioquell.many thanks

[tromso1] 22/6/2016 12:15

Just tipped in the IC by Simon Thompson -

[joe say] 20/6/2016 13:45

SP fall must be due to a surge in Brexit support

Or so the trashy BBC media would have you believe

[manrobert] 20/6/2016 13:11

just bt 13000 but listed as a sell.

[davidosh] 20/6/2016 12:04

From the last results with explanation.....

Net assets attributable to shareholders of the Company at 31 December 2015 were £107.1 million (2014*: £64.7 million) equating to 53.1 pence (2014*: 32.0 pence) per share. As signalled in our 2015 Annual Report and Accounts, the Board has decided to adopt the performance measures of the European Public Real Estate Association ('EPRA'), in common with most UK listed companies active in the real estate market. The EPRA net asset value reflects the unrealised value within projects, created by the increasing value of our land bank as we go through the different stages involved with the planning process.



The EPRA net asset value of 84.4 pence per share of the Group has been determined as follows:

Net asset value (NAV)

107,066,000

53.06p

Unrealised value within projects

63,200,000

31.32p

EPRA net asset value

170,266,000

84.38p

Deferred tax at 19% on unrealised value within projects

(12,008,000)

(5.95)p

Adjusted net asset value

158,258,000

78.43p

[trigger16] 20/6/2016 08:19

Look at their latest results to see the EPRA nav - think it's around 85p

[shanklin] 20/6/2016 07:38

At a share price of 70.25p, Stockopdia shows P/TBV=1.32--> NAV/share of 53.2p.

As regularly mentioned on this thread, this is a significant understatement of the true NAV.

[danpollard] 19/6/2016 21:00

ADVFN has NAV PS at 43.92. Stockopedia has it at 24.98.

The company's current assets are £153.7m.
The total liabilities are £103.3m.
The shares outstanding are 201,778,716.

Which gives NAV of 24.98.

Am I missing something here? Share price of 70p looks overvalued whichever one is correct.

Dan

[p1966] 19/6/2016 17:30

Standish - many thanks.

[standish11] 19/6/2016 17:25

Inland not only generates a profit from selling consented land but also has its own housebuilding operation. On top of this, it is also generating a useful income stream from renting out sites that it owns. Given the considerable discount in the share price to net asset value, at 67p the shares remain attractive. Buy.

Investors Chronicle comment on 15 June

[p1966] 19/6/2016 16:38

Was there an IC buy recommendation @ 67p on 15th June? I am not a subscriber.My own view is that as time goes by and further sites are consented, the net asset value must inevitably increase - with gains being realised from time to time, per the recent announcement. Although as a long term holder, I would say that;)If negotiating the planning process were that easy, everyone would be doing it, so the last RNS is just another example of the skill of the management team.Cheers.Phil

[sparkyhd] 15/6/2016 07:40

Desperate goal line clearance. Be good to go on the attack now and keep the good news flowing rather than wait for a bit of a beating.

[igbertsponk] 15/6/2016 07:29

That's more like it! Brilliantly worded RNS with great news.Will hopefully stem the decline in the price.

[joe say] 15/6/2016 07:25

Even more pertinent imo is the forward sales figure of £355k on average v £325k as at Dec last

That'll be ours in time to come

[bahiflyer] 15/6/2016 07:18

More superb deals by this superbly run company.
One day the market may wake up to this fact.

[shanklin] 15/6/2016 07:12

Forward sales of £28.1m compares with the following from the HY report on 21-Mar-16:



"Construction is underway on 208 units across seven projects in the South East of England. Construction on a further 111 plots is expected to commence shortly and forward sales of residential homes currently amount to £20.9 million.

[dt1010] 13/6/2016 15:34

At 68p this may go lower yet but it's v cheap.

Will we get to 60p? Probably

[mfhmfh] 13/6/2016 15:18

can't wait to get June 23rd out of the way...then stocks like this should recover nicely. IMHO.

[source] 13/6/2016 14:56

Thanks mfh