||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Inland Share Discussion Threads
Showing 7651 to 7674 of 7675 messages
|UK GDP revised up yet again today. Will have to break upwards at some point.|
|Keeps looking like its going to make a break for freedom...|
|It's the Grand Old Duke of York analogy in reference to the tight trading range we are currently in. spud|
|What?? You defeat me there Spud.|
|The point I am trying to make is even if you take the 86p NAV figure for 2016 you will see this is substantially higher than the 33p figure in 2014. If this growth can be continued then the NAV figure is going to start growing substantially year over year at some point the share price will have to start moving to reflect this or someone will bid for the company and exploit this discount as theses are physical assets which can be solid and increase in value.The company now clearly has more assets than it did in 2014 which will give it even greater scale in terms of the projects it can undertake.|
|I think the 33.47p you quote for NAV in 2014 is the balance sheet value, excluding any unrealised gains, whilst the 92.03p in 2016 is the balance sheet value plus any unrealised gains...|
|The NAV is a constant is the best way of valuing a company like this which primarily invests in developing land for housing.You could argue it is not constant in the way that now they have greater land assets than they did in 2014 so have greater flexibility to raise liquidity to increase the NAV even further. Just my option.|
|I'm surprised this has not rallied since last weeks interims. The value here looking good at the moment.|
|I don't think you are comparing apples with apples there...|
|Current market cap is a tiny £122 million. NAV has increased from 33.47p in 2014 to 92.03p at the end of 2016. Currently predicted to be circa 100p in the next report in six months taking into account the recently granted planning permission. At a very high level if they can keep this kind of growth going a 20% yearly increase in the NAV in 2014 was worth 6p a share today that is an increase of 20p a share.Either the share price will rise to narrow the NAV or we will see a bid.|
|Best market is actually the Midlands, in and around Birmingham- the south is somewhat overheated. Hence why Berkely and Crest have both set up divisions in and around Birmingham. That is the sweet spot in the market.
Secondly, land prices remain benign; there is hardly any appreciation and certainly not 10% per year.|
|At this price, I'd be surprised if it wasn't on somebody's radar. spud|
|The market cap is tiny for a company of this quality so wouldn't be surprised to awake one morning to a 100p a share cash offer. Based in the south east of England exactly where is best placed to be. Taking into account the latest planning permission the current NAV is circa 100p a share.Even if they did nothing for the next year the NAV would probably rise by 10% a year due to rising land and property prices perhaps more. Obviously more planning applications will be granted ect increasing the NAV further.|
|Predictable morning rise followed by sell off. Yawn.spud|
|Seems to be plenty of shares around. Had no trouble buying...|
|Would like to see 5% yield|
|EPS of 6.8p for the 12 months (i.e. 5.1p in H2) seems somewhat feeble when they have already 28p of unrealised value in projects waiting to be realised (presumably they will be continuing to add to unrealised value through purchases and planning applications).|
|BUY recommendation reiterated again today by Simon Thompson on IC website (see link below). Imo market will need some reassurance on meeting H2 weighting before narrowing the discount to NAV.
|Has become a trading share and will remain in this 3-4p range until an Institution takes up the slack by taking additional stock.
|Decent news again, but rise met by sells as ever. Seems plenty of sellers, which is fine if you're adding like me.|
|Agree. Let's hope Wickes does too!!|
|Agree. Let's hope Wickes does too!!|
|Good to see the forward sale of some of the affordable houses INL are building. For ne the big risk here is the way INL is ramping up their debt and housebuilding activities as we go through 2 years of increased economic uncertainty.
Personally I would like to see a greater proportion of:
- land sales where planning permission has been achieved, or,
- forward selling, as here,
to mitigate some of this risk.|