Share Name Share Symbol Market Type Share ISIN Share Description
Inland LSE:INL London Ordinary Share GB00B1TR0310 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.375p -0.63% 59.125p 58.25p 60.00p 59.25p 59.125p 59.25p 293,966.00 16:17:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 101.9 32.9 14.2 4.2 119.36

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Date Time Title Posts
05/12/201616:02Inland Homes1,847.00
02/11/201514:26Inland - 20104,708.00
21/6/201013:31Inland PLC 26MAY2010 = RNS = ЈЈЈЈ56.00
24/3/201008:05new issue inland...875.00

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Inland (INL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:17:5058.5015,0008,775.00O
16:06:2558.651,000586.50O
15:28:1758.884,9502,914.31O
15:27:1858.88550323.81O
15:18:4758.905,0002,945.00O
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Inland (INL) Top Chat Posts

DateSubject
05/12/2016
08:20
Inland Daily Update: Inland is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker INL. The last closing price for Inland was 59.50p.
Inland has a 4 week average price of 58.07p and a 12 week average price of 61.07p.
The 1 year high share price is 88.75p while the 1 year low share price is currently 46.25p.
There are currently 201,872,366 shares in issue and the average daily traded volume is 521,447 shares. The market capitalisation of Inland is £119,357,036.40.
17/11/2016
07:54
caradog: Using historic average house prices from UK Land Registry house price index, it seems that the directors have been paid a bonus for achieving a share price increase of 23% during a period that has seen a 31% increase in the average house price in the South East. Nice work if you can get it.
01/11/2016
09:25
gofers: Down again. Can't believe this has a current nav of 90p plus and over£1 projected for year end June 2017. Is it general concern about rising interest rates, slowing economy or more company specific issues.they seem to have a lot of projects on the go and did say in the latest statement that debt had increased since year end. Also stated that the second half of the current year is likely to be more positive than the first so first half figures may not be so great. The board are however very positive so where do why do we see a languishing share price?
18/10/2016
11:51
mip55: Atom: Share price = 58p. Adjusted Earnings per share=14.23p gives a P/E ratio of roughly 4.
22/7/2016
08:13
igbertsponk: The chart showing the share price is the clue to why the Director sold - into strength.
06/7/2016
09:09
dt1010: Capitalisation is important for any Plc. It can affect loan covenants. Whether the collapse in the price here will cause loan renegotiations I don't know. I would expect an announcement from Wicks soon though on the share price collapse.
20/6/2016
06:38
shanklin: 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.
19/6/2016
20:00
danpollard: 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
19/6/2016
16:25
standish11: 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
21/3/2016
10:09
ramridge: Guys - Can a bright spark tell me where I am going wrong? Before today's results, Stocko showed a forecast FY2016 eps = 10, and MorningStar 5.7. Never mind the huge discrepancy and let's take the best estimate to be 10. Today's HY results show an eps = 9.4 for the half year. Which means that we have already pretty much earned the whole of the eps that the brokers are forecasting ( and in the case of MorningStar data, a lot more). So to my mind if 9.4 is in the bag, a forecast eps for FY16 of 15 is conservative. On that basis and taking today's share price of 84, prospective PE comes to 84/15 = 5.6 So why is the share price languishing at 84 ? What am I missing? Is the second half eps going to go negative, i.e. INL is expected to make losses in the 2nd half 2016?
29/4/2015
14:36
dt1010: As regular readers of my columns will be aware I like to study stock market history to try to uncover investment trends that have stood the test of time. Undoubtedly, one of the most reliable, and profitable trends over the years has been the tendency of the UK-listed housebuilders to outperform the stock market in the first quarter of the year. And this year was likely to maintain this amazing track record which is why I recommended jumping the gun and buying into the sector early ('A standing dish', 25 November 2014). Fast forward 14 weeks and the average share price gain on the nine listed builders was a thumping 20 per cent by early March, almost five times greater than the return on the FTSE All-share index. This was the cue to bank profits on four of the companies – Bovis (BVS), Redrow (RDW), Galliford Try (GFRD) and Crest Nicholson (CRST) (‘Housebuilders: trading bumper gains’, 9 March 2015). It proved the right decision in hindsight as shares in each company had hit technical resistance and subsequently failed to make any further headway between early March and the end of the month which is when I had originally recommended closing these short-term trading positions. On average shares in the four companies lost 3.4 per cent in value in the last three weeks of March. FTSE 350 Housebuilders price performance (25 November 2014 to 5 March 2015) Company Closing price on 24 November 2014 (p) Latest bid price on 5 March 2015 (p) Share price gain (%) Redrow 270 360.5 33.50% Galliford Try 1,151 1,515 31.60% Crest Nicholson 356 440 23.60% Persimmon 1,495 1,785 19.40% Barratt 450 532 18.20% Bovis 832 982 18.00% Taylor Wimpey 130 150.8 16.00% Bellway 1,829 2,027 10.80% Berkeley Group 2,459 2,683 9.10% Average 20.00% FTSE All-Share 3,591 3,745 4.30% Outperformance 15.70% The five companies I advised running profits on until the end of March – Persimmon (PSN), Barratt Developments (BDEV), Taylor Wimpey (TW.), Bellway (BWY) and Berkeley Group (BKG) – hardly set the world on fire, losing on average 0.8 per cent of their value in that three week period, albeit that was still better than the 2.2 per cent decline in the FTSE All-share index against which I benchmark the share price performances. FTSE 350 Housebuilders price performance (5 March 2015 to 31 March 2015) Company Latest bid price on 5 March 2015 (p) Latest bid price on 31 March 2015 (p) Share price move (%) Redrow 360.5 359.4 -0.31% Galliford Try 1,515 1,425 -5.94% Crest Nicholson 440 425.7 -3.25% Persimmon 1,785 1663 plus 95p special dividend -1.50% Barratt 532 528 -0.75% Bovis 982 932 -5.09% Taylor Wimpey 150.8 155 2.79% Bellway 2,027 1,981 -2.27% Berkeley Group 2,683 2,639 -1.64% Average -2.00% FTSE All-Share 3,745 3,663 -2.19% Outperformance 0.19% I am now out of this trade, and content with the 19 per cent average gain racked up between the end of November and the end of March if you followed my advice to the letter. Clearly, some readers may not have done so, and may have preferred to hold onto all of their positions into April. True, the average gain on the nine housebuilders has been 2.37 per cent this month, but this only makes up for the fall in the sector in the last three weeks of March after I first advised banking profits on some of the shares. The 2.37 per cent average gain in April lags the 4.67 per cent rise in the FTSE All-share index, so the strong upward momentum we witnessed between late November and March is starting to flag. That’s worth noting if you haven’t already banked profits. FTSE 350 Housebuilders price performance (31 March 2015 to 28 April 2015) Company Latest bid price on 31 March 2015 (p) Latest bid price on 28 April 2015 (p) Share price move (%) Redrow 359.4 378 5.18% Galliford Try 1,425 1,500 5.26% Crest Nicholson 425.7 453 6.41% Persimmon 1,663 1,734 -1.50% Barratt 528 527 -0.19% Bovis 932 941 0.97% Taylor Wimpey 155 167 7.74% Bellway 1,981 2,008 1.36% Berkeley Group 2,639 2,540 -3.75% Average 2.39% FTSE All-Share 3,663 3,834 4.67% Outperformance -2.28% Political uncertainty proves a drag It’s easy to understand why this is the case as not only have share prices in the home builders re-rated significantly already, so valuations are now much higher, but the political uncertainty caused by the forthcoming general election is adding additional risk. A Mansion Tax, rent controls and limits on the time developers can sit on land before having to build on it are some of the manifesto proposals which are set to be introduced in the event of the incumbent coalition being ousted by a Labour Party-led government. And it’s a risk I don’t feel comfortable with at the moment given the prospect of another hung parliament, not to mention the outside chance of another general election if a new government is unable to be formed. That’s because The Fixed-term Parliaments Act allows for an early dissolution of Parliament if a motion is passed by a two-thirds majority for an early general election, or if a motion of no confidence is passed and a government isn’t formed within a fortnight of the May election. Frankly, with the Labour Party facing a wipe out in Scotland, then there is a chance that even with the SNP backing in a coalition, a Labour-SNP pact will not have the requisite 326 seats to form a majority government. And unless the Liberal Democrats do better than many pundits are predicting, latest forecasts predict that the party will lose over half of its 57 seats, the current Conservative-Liberal Democrat coalition could also fail to have a working majority in the Commons. Indeed, using the latest predictions from Election Forecast, a team of university researchers using polling data to predict how seats will be distributed in next week’s general election, a Labour-SNP coalition is on course to have 317 seats and a Conservative-Liberal Democrat coalition around 307 seats, both of which are shy of the 326 seats majority required. Of course political deals with minority parties could swing the balance of power for either of these coalitions, and the Liberal Democrats could even form part of a Labour-led government, but with opinion polls indicating the result will be incredibly close, then in the absence of a cobbled together coalition offering incentives to several minority parties, I would not discount the possibility of a political gridlock and another general election in the months ahead. Temptation to bank profits Bearing in mind this back drop, and given valuations across the sector are significantly higher now that they were six months ago, the temptation to bank gains racked up in the past few months could easily deflate share prices over the summer months especially if newsflow is tempered somewhat if homebuyers become more cautious due to the political deadlock. A decisive victory for the Conservative Party would undoubtedly be a positive, and could unleash pent up demand from homebuyers into the housing market, but I am not willing to bet on this possibility right now and feel it’s better to trim exposure at the moment. And that’s why I am running profits on just one listed housebuilder, Aim-traded Inland Homes (INL: 64.5p), for the company specific reasons I outlined in my recent article (‘Decision time’, 16 April 2015). I have also decided to book a massive gain on the holding in FTSE 250 property group Daejan (DJAN: 5,730p), having first recommended buying the shares little over two years ago when the price was 3,300p ('Buy the breakout', 14 February 2013). The shares have been struggling to break the 6,000p level, and I feel investors are likely to react negatively if a Labour government, if elected, goes ahead and imposes rent controls as party leader Ed Milliband has outlined. Daejan is a large private landlord and has significant holdings in the London market so could face a double whammy of a cooling of the London residential property market in general due to the Labour Party’s proposed Mansion tax, and government interference into the free workings of the private sector rental market. So although I still believe Daejan’s shares offer value on a 22 per cent discount to book value, albeit some liquidity discount is required for the fact that the Freshwater family own over 70 per cent of the equity, there is not enough upside left to make it worthwhile holding on given the political uncertainty I have outlined above. Exploiting valuation anomalies There are selective holdings I am keen on irrespective of who is running the country in a few weeks time, one of which is Henry Boot (BHY: 225p) (‘A six-shooter of small cap buys’, 10 March 2015). The 129-year-old Sheffield based construction and property company is likely to be a beneficiary no matter which political party is in power. Henry Boot owns a significant number of oven ready sites which undoubtedly will prove attractive to major housebuilders as I pointed out when I initiated coverage, especially if they are forced through political intervention to ramp out new build output (‘A bootiful investment’, 19 February 2015). I am also maintaining my positive stance on the shares of Mountview Estates (MTVW: 11,000p), a property company which owns more than 2,400 residential properties under regulated tenancies, 329 life tenancies and 1,127 ground rents. Rental returns are already below open-market rates - the payback comes when the property is sold and the company reaps the full vacant market value of the asset – so the business is likely to be largely unaffected by the imposition of rent controls if the Labour Party is elected. Furthermore, the current open market value of these rental properties is £695m, or 62 per cent more than Mountview’s own market value even though the company only has net debt of £63m on its balance sheet. The Labour Party’s freebie to first time buyers – stamp duty exemption on properties worth up to £300,000 – is positive for Mountview given its property resale values are generally below this level. So with the shares trading inline with my recommended buy-in price of 11,000p in my 2015 Bargain shares portfolio, or almost a third below the company’s net asset value after marking property values to their current market prices, I am happy maintaining my buy recommendation. ■ Inland Homes : Buy at 64.5p, target 80p;
Inland share price data is direct from the London Stock Exchange
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