Inland Homes Share Discussion Threads

[spud] 05/5/2017 14:51

And also why he couldn't dispose of in 3 or so large blocks to an Institution as opposed to selling into the Market.

spud

[salchow] 05/5/2017 12:55

OK, not a director but still makes me wonder as to the reason when it is nowhere near a high.

[daneswooddynamo] 05/5/2017 12:46

That's right, he was a big investor in the chief execs last successful property company Country and Metropolitan and invested again in Inland on formation

[yupawiese2010] 05/5/2017 12:20

Mark Dixon is not a director, but is the largest shareholder.

[salchow] 05/5/2017 11:31

When any director sells a large number of shares I always think it would be nice to know why. It could be a perfectly valid reason such as divorce, new yacht or mansion. It does usually signify to me that they are not expecting the price to increase by very much in the near future.

[brummy_git] 05/5/2017 11:07

Is Mark Dixon, also the same guy who founded a chain of estate agents, with the same name?

[spud] 05/5/2017 11:03

Provided he's finished unloading, this 'should' pop back up fairly swiftly. spud

[cheshire man] 05/5/2017 10:05

I'm happy to hold onto INL too philjeans :-)

[philjeans] 05/5/2017 10:03

So share price has been dropping because Mark Dixon has sold down 3M shares.

Not concerned as he still has a massive 17M.

Added - the cheapest builder out there on a P/E of 4!!

[haroldthegreat] 01/5/2017 23:11

Have they been selling houses with extortionate escalating ground rent charges ?

[yump] 29/4/2017 15:52

Been a bit in the news about smaller builders possibly being helped by gov., as they don't have enough resources to tackle larger builds. I'd guess INL are in the middle-sized category though ?

[blueclyde] 19/4/2017 19:14

UK GDP revised up yet again today. Will have to break upwards at some point.

[yump] 19/4/2017 14:16

Keeps looking like its going to make a break for freedom...

[spud] 11/4/2017 11:29

It's the Grand Old Duke of York analogy in reference to the tight trading range we are currently in. spud

[shaker44] 11/4/2017 11:10

What?? You defeat me there Spud.

[spud] 11/4/2017 11:00

And back....spud

[blueclyde] 09/4/2017 13:48

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.

[stemis] 09/4/2017 13:15

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...

[blueclyde] 07/4/2017 17:13

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.

[masurenguy] 07/4/2017 17:08

I'm surprised this has not rallied since last weeks interims. The value here looking good at the moment.

[stemis] 07/4/2017 15:05

I don't think you are comparing apples with apples there...

[blueclyde] 07/4/2017 12:58

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.

[creative_accountant] 06/4/2017 23:56

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.

[spud] 06/4/2017 20:24

At this price, I'd be surprised if it wasn't on somebody's radar. spud

[blueclyde] 06/4/2017 17:55

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.