Inland Homes Share Discussion Threads

[bhafc5] 19/5/2017 07:40

Overcharged by Hargreaves lands down again ,price they sold at was higher than days highest ,how do they get away with cheating!

[blueclyde] 17/5/2017 12:54

More great news another increase in NAV to be welcomed. I just don't have the funds to buy any more but it is at the point where it must be the biggest no brainier on the market. As stated it must be on someone's radar to take over.

[solarno lopez] 17/5/2017 08:40

And the chairman did sell his last company

[spud] 17/5/2017 08:38

And with this news & current rating, Inland becomes an ever more attractive t/o target...spud

[gp1948] 17/5/2017 07:59

The good news keeps on coming from Inland, but it never seems to translate into an upward movement in the share price.

[cheshire man] 17/5/2017 07:48

Very witty being so early in the morning yump :-) good news here this morning for INL :-)

[yump] 17/5/2017 07:16

Good news 206 more permissions, including 145 in Birmingham - I'm sure there's more to come as its out towards the Black Country, where post-car industry brownfield sites must be widespread.

o/t Irritated by this though:
"providing access to London Euston in under 90 minutes"

yes, London is of course the centre of the known universe, but there's also easy access to Liverpool, Manchester, Sheffield, Edinburgh, Newcastle, where I believe people have been living for some time in safety from the trolls in the woods.

[blueclyde] 16/5/2017 22:41

Thanks for posting Spud! Great article! Inland would be a perfect fit for them they can have my shares for 90p would still be upside for them!

[spud] 16/5/2017 13:59

Galliford Try has acquired regional contractor and developer Drew Smith as it step ups expansion of its specialist regeneration division.

The FTSE 250-listed firm announced today it has bought the Southampton-based company for an undisclosed sum.

The move is part of a strategy for Galliford Try’s Partnerships business to broaden its geographical spread. Last September the division opened a regional office in Bristol to target expansion in the South-west.

The division acts as a contractor for local councils looking to build affordable homes.

Galliford Try’s partnerships & regeneration chief executive Stephen Teagle (pictured) described Drew Smith as a “great fit”.

Click here!
He added: “The southern region holds great potential for us to expand our regeneration offering and help accelerate delivery.

“We look forward to working with new and existing clients to bring forward opportunities to increase the supply of new homes in the area.”

Galliford said privately owned Drew Smith’s current 80-strong management team and staff will “remain in place” in the wake of the acquisition.

In its last full year Drew Smith reported operating profit of £3.4m off revenue of £49.2m.

Earlier this month, Galliford Try revealed it had been forced to set aside £98m to cover the costs of two major legacy contracts in its construction business.

Last month it pulled out of talks to acquire rival Bovis Homes.

spud

[norbert colon] 16/5/2017 13:16

Related sector news:https://www.constructionnews.co.uk/companies/contractors/galliford-try/galliford-try-snaps-up-regional-contractor-drew-smith/10019917.article

[spud] 16/5/2017 11:01

And plenty of love below 60p..spud

[spud] 15/5/2017 22:54

I guess it depends on whether Mark Dixon is still selling into the Market. I concur re the pitiful value and am continuing to accumulate in the expectation of an offer. spud

[cheshire man] 13/5/2017 07:51

Zulfikar..... Excellent news for INL,,,,,,,thanks for posting :-)

[zulfikar] 13/5/2017 00:06

Thames Valley: Property Awards

Residential Development of the Year
Winner: Taplow Riverside – Berkeley Homes
Other finalists: Drayton Garden Village – Inland Homes; Rotherfield Garth, Henley – Spitfire Bespoke Homes


Housebuilder of the Year
Winner: Bewley Homes
Other finalists: Inland Homes, Spitfire Bespoke Homes

[zulfikar] 12/5/2017 23:59

Fleetville development green lit by St Albans council

PUBLISHED: 12:45 12 May 2017 | UPDATED: 12:45 12 May 2017 Fraser Whieldon

The controversial Beaumont Works development has been green lit by St Albans council, despite the parking problems plaguing the area.

The application was granted by a five to three margin at a planning committee meeting on Monday.

A separate application for listed building consent was granted by five to one.

Neighbour Jonathan Hemmant, who has been lobbying against the application, said: “I am disappointed, but there is little to nothing I can do about it.

“I do not have the resources or the time, so I will keep an eye on it and see what residents can do.”

Mr Hemmant began leafletting the area after an application was made to build 58 residential units at the former clothing factory.

His main concern is the development will put stress on already limited parking in the area.

The application has plans for just 60 parking spaces for the 58 units, raising concerns cars will spill out onto the surrounding streets.

Hedley Road, adjacent to the development site, is predominantly terraced houses with no off-street parking, meaning residents have to find space either on Hedley Road or on surrounding streets.

Cllr Anthony Rowlands, who called in the application to be discussed by the committee, voiced his disappointment, but said: “I think everybody accepted at some point there would be development on that site.”

He has also expressed his concern there will be an overspill of parking from the site.

However, at the committee meeting, Marshalswick councillor Salih Gaygusuz said the questions over parking were “irrelevant”.

The committee’s chair, fellow Marshalswick councillor Lyn Bolton said: “If we always keep to the proscribed numbers [of parking], we will never pass any applications in the centre of St Albans.”

The applicant, Inland Homes, also spoke at the meeting, with planning manager Gary Magee saying: “The provision of parking spaces is wholly appropriate.”

His and the committee’s comments were made despite several complaints about the parking data in the council officers’ report.

Committee member Cllr Alun Davies said: “I do not think the way the parking is addressed in the officers report is relevant enough to St Albans.”

Cllr Rowlands said: “I found the reasoning in the officers’ report to the committee to be deeply flawed.”

The application was finally granted conditional planning permission, subject to the completion of a Section 106 agreement.

[spud] 12/5/2017 18:25

Either way I'm unconcerned & have taken the opportunity to tuck away a few more. spud

[shaker44] 12/5/2017 17:45

With 47% excess why would you be worried?!

[brwo349] 12/5/2017 15:57

I'm wary here of the liabilities to assets ratio. 53% is quite high.

[igbertsponk] 10/5/2017 16:03

Typical foolish Fool article - assuming that INL can be valued like any other builder. It's main business is unlocking value through clever planning, so profits will always be lumpy.

[p1966] 10/5/2017 15:50

Thank you gents, I hadn't seen this.If I am honest, I am not sure what a low P/E does for me.However, I believe the current discount to NAV offers a wide margin of safety. Add to that an improved debt maturity profile, sensible management, and plenty to come in the second half of the year.I am a very long term holder of this share and can't understand the current share price weakness, but think that will be irrelevant in 6-12m time.GLA.

[spud] 10/5/2017 15:42

Low valuation
It’s a similar story with Inland Homes (LSE: INL). The specialist property company trades on a valuation which suggests it offers a wide margin of safety. It has a P/E ratio of just 8.5, which indicates that now could be the right time to buy it. Part of the reason for its low valuation is a share price fall of 18% in the last year, although a rise of 8% in the last six months suggests that investor sentiment may be starting to pick up.

As well as being cheap, Inland Homes also has dividend growth potential. Its shareholder payouts are expected to be covered 5.3 times in the current financial year. This suggests that a rapidly-rising dividend could be ahead, which would help to improve on its dividend yield of 2.2%. And with earnings due to rise by 3% in the next financial year, the company’s performance looks set to improve after a difficult period.

Certainly, Inland Homes faces a degree of uncertainty from Brexit and the potential for further house price falls. But with a low valuation and dividend growth potential, it could deliver a rising share price in the long run.

spud

[zulfikar] 10/5/2017 13:21

2 top value shares you should consider buying right nowhTTp://www.fool.co.uk/investing/2017/05/10/2-top-value-shares-you-should-consider-buying-right-now/

[blueclyde] 09/5/2017 20:56

It's good news as it explains why the share price isn't 80p right now.Similar situation occurred with Hurricane Energy at 12p last year if you look back check out the price now.

[shaker44] 05/5/2017 15:08

Spud, I agree. A 'placing' gets it done and inl moves on. Same thing happening at clinigen. Founders selling down 50m shares at 8 quid a pop. Drip drip drip.