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INL Inland Homes Plc

8.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Inland Homes Plc 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
  0.00 0.00% 8.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Inland Homes Share Discussion Threads

Showing 7401 to 7424 of 11225 messages
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DateSubjectAuthorDiscuss
14/10/2016
13:38
interceptor2

Do you have a link to that video?

zulfikar
14/10/2016
11:53
I can't wait to see the Wilton Park application. Will be very interesting to see the housing mix - I expect a lot of £1m+ houses in there. They got this for an amazingly low price from the dappy MOD.
Promising the increase in values of the existing houses there - they don't appear to have spent much on them judging by these ones available for rent.

igbertsponk
14/10/2016
11:14
It HAD to touch 60p again before the next rise.
Now doing it's job according to the system, lol.
Lets break 64/66p then 72p is on the card.
Timing? Anything from a week to a month.

alamaison5
14/10/2016
11:01
CEO of Inland just interviewed on Sky news, came across well I thought.
interceptor2
14/10/2016
10:59
Current p/e of c 4.3 seems more than a bit harsh
sandmarr
14/10/2016
10:26
And that is out of some 65m people representing 24.6 %
solarno lopez
14/10/2016
10:03
Lets be honest those of us fortunate enough to have capital / income generating assets have been getting away with very favourable taxation for years. It is still very generous system now.

Those with capital to put to work have been able to grow it thanks to light taxation & the incredible central bank policies that would have been unthinkable just a decade ago. To put it into perspective over 16m people living in the UK have less than £100 in savings.

darlocst
14/10/2016
09:54
retsius - yes ISA's and SIPP's. Although I have to say that the increased dividend tax is a major attack on oompany owners and this invidious taxation (far higher than it has been for many, many years) totally escapes the notice of the multitudes who believe that the government always favours the wealthy.
salchow
14/10/2016
09:32
Obviously , some were unimpressed by results that I thought ok
bhafc5
14/10/2016
08:56
Salchow
I hope you assets are in an ISA as any dividends over £5k are now taxed.
If you are in a higher tax bracket you will have to pay 32.5% on the dividend payment.
R.

retsius
14/10/2016
08:34
Sooner they get Wilton Park built the better - unfortunate news.
igbertsponk
14/10/2016
08:33
Great report - super time to BUY.

Will get taken over in due course by one of the volume builders - until then steady progress and solid assets; tiny yield but miserly P/E.

Added.

philjeans
14/10/2016
06:58
looks like market makers going to open them 3 lower.
manrobert
14/10/2016
06:54
I had a very large holding and made a lot of money with this share but got out mainly because of the low dividends. It looks good to me. I just wish it paid a more sensible dividend. A 29% increase on such a trivial amount is meaningless. I will say something that a lot of investors would hate. I would prefer to see higher borrowings and higher distributions. Then it would better fit my normal investment criteria and I would jump back in.
salchow
14/10/2016
06:52
Having read he results I'm a bit surprised that the overall tone is a bit downbeat.
They are excellent results and the team should be mighty satisfied with them.
Wilton Park amazing: looks like the booming value of the army houses has again paid for the site purchase price! In for planning shortly and hope to be building next year there.
If this doesn't tick up, I'll be tempted to add.

igbertsponk
14/10/2016
06:18
Positive set of results: Asset value up 30%, profit down only 3% and dividend up by 29%

14 October 2016
Inland Homes Plc

Preliminary results for the year ended 30 June 2016

Robust results delivered in year of significant operational and strategic progress

Inland Homes Plc (AIM: INL), the housebuilder and brownfield regeneration specialist, today announces its results for the year to 30 June 2016.

Highlights: Robust financial results delivered following successive periods of record growth

· Following the adoption of EPRA performance measures to fully reflect unrealised value within the Group's land bank, the EPRA net asset value is:

30 June 2016
31 December 2015

EPRA NAV
86.63p
79.85p
Adjusted EPRA NAV
91.54p
84.38p

· 30% increase in net asset value to £116 million, reflecting £18 million revaluation surplus on investment properties

· Group revenue for the year of £101.9 million (2015: £114.2 million) and Profit Before Tax of £32.9 million (2015: £34.0 million)

· Revenue from housebuilding of £51.5 million (2015: £66.1 million) with the decline attributable to the deferral of 23 completions to the 2017 financial year and a bulk sale of 59 units in the prior period

· 165% increase in rental income to £2.1 million (2015: £0.8 million) leveraging income opportunities across the portfolio

· Strong balance sheet with cash balances of £16.7 million (2015: £21.4 million) and net borrowings of £54.6 million (2015: £34.9 million) at the year end

· 29% increase in proposed final dividend to 0.9p per share reflecting robust underlying performance and confidence in outlook

Substantial operational and strategic progress positioning the business for significant growth

· Significant expansion of land bank to a record 6,681 plots (2015: 5,176), including 17 sites under option providing control over 330 acres of strategic land with the potential for over 1,600 residential plots

· Disposal of 425 plots across 8 sites during the year, for a total consideration of £43.3 million (2015: £39.6 million)

· 147 private homes sold at an average price of £337,000 (2015: £264,000), with a further 321 currently under construction

· Gross margin from the sale of private homes consistent at 21.9% (2015: 20.9%)

· Strategic appointment of new Managing Director of Inland Limited, Gary Skinner, responsible for Group construction activity and project delivery, enabling better control, greater certainty and cost competitiveness for housebuilding operations

· First major joint venture with a local authority with Southampton City Council appointing Inland as development partner on an 8.9 acre site, with the potential for over 450 residential units and a gross development value of over £100 million

· Key development projects all progressing well, including Wilton Park, Beaconsfield and Meridian Waterside Southampton, the Group's first full self-delivery project

· Acquisition of substantial regeneration project in Cheshunt, Hertfordshire, comprising a 13 acre site, completed since the year end in a joint venture

· Track record of success in securing planning consents maintained at 100%

Market backdrop continues to remain favourable

· House sales continuing at normal rate post referendum, particularly at Inland's price point and geographic focus

· Forward sales remain strong, totalling £22.5 million (2015: £31.1 million) as of the date of this announcement

· Fundamentals of the housing market and Government initiatives, including Help to Buy, are supportive of Inland's strategy and are contributing to the positive outlook being maintained by the management and Board

Stephen Wicks, Chief Executive at Inland Homes commented:"This has been a considerable year of consolidation for Inland Homes, following successive periods of record results. We have grown our team and made significant strategic appointments that are helping to position this Group for growth in the medium to long term, while at the same time building our portfolio so that we are in a strong position to capitalise on a number of substantial opportunities. I am very happy with the progress we have made on key development projects and in particular with the 29% growth we have driven in the size of our land bank. To date, the business has been largely unaffected by the Brexit vote and although it remains too early to deliver a definitive judgement, following the robust full year performance and the ongoing supportive market backdrop, the Board has good reasons to be confident in the outlook for Inland Homes as reflected in the 29% increase in our proposed final dividend that we have announced today."

masurenguy
14/10/2016
06:15
Very solid results today! NAV at 91p, dividends up 29% and landbank up by a third. Not sure why Inlands been attracting weakness in shareprice given this progress. Hopefully sense wil return. Regards,Source.
source
13/10/2016
08:57
building up some steam ahead of results though profits to be down on last year.i guess the hope of a higher asset value is the key.
manrobert
13/10/2016
08:57
building up some steam ahead of results though profits to be down on last year.i guess the hope of a higher asset value is the key.
manrobert
13/10/2016
08:57
building up some steam ahead of results though profits to be down on last year.i guess the hope of a higher asset value is the key.
manrobert
13/10/2016
08:57
building up some steam ahead of results though profits to be down on last year.i guess the hope of a higher asset value is the key.
manrobert
10/10/2016
14:24
Parked next to their offices last week. Not too many cars there either 7.30am or 6.30pm so no panic on.
igbertsponk
10/10/2016
14:19
Sector is down. Nothing to do with results.
rikaughty
10/10/2016
14:16
Either the unknowns in the results due friday are known - and gloomy.
Or this is a screaming buy now!!

shaker44
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