Inland Homes Share Discussion Threads

[shanklin] 03/7/2017 09:27

AIUI, these deals will move the associated value on to the balance sheet rather than just having it as part of some large number calculated by INL.

[shaker44] 03/7/2017 09:07

I guess the share price will not move much as the value realised was similar to that stated last december. But we can hope....

[igbertsponk] 03/7/2017 08:16

Some good cash-conserving deals recently: seems as if INL are making sure they have a warchest and happy to lock in profits. Sensible as if the market is nervy there will be opportunities for more cheeky land buys.

[shanklin] 03/7/2017 08:06

The 3rd recent deal that has reduced gearing, again probably giving INL the benefits of building properties without having to fund the whole build process or sell the houses. In the hope that this is a trend, have bought back in.

[philjeans] 03/7/2017 07:55

Excellent - on to 70p.

[cheshire man] 03/7/2017 07:48

No stopping the news from INl at the moment :-)

[shaker44] 01/7/2017 16:03

I hope other buyers share your views!
Then maybe I can bail out at a profit....

[blueclyde] 01/7/2017 15:20

I had a look at the LSE board and have to say what utter nonsense. Anyone that has done 2 mins research will know that Inlands strategy is now on the development side rather than purely buying and selling land. As per the the latest results Inland have a hefty 400 homes under construction at present! That doesn't included the new contracts announced for the build outs. On top of that they have just generated circa £20 million cash from the sale of land. They have circa 7000 plots with 2000 with planning permission and 400 homes under construction so it appears that rather than not having the financial resources to grow they could be struggling to find suitable sites. Remember also those 400 homes didn't start building themselves overnight probably at least three or fours years in the making when the market cap was a third of what it is now so worth considering when projecting what they could be constructing in a couple of years time. Just my take on things though. Looking forward to seeing the updated NAV figures at the next set of results. We are at a point where if the growth can be sustained a 20% year rise in the NAV means the share price should start moving a lot.

[cheshire man] 01/7/2017 15:14

nland Homes‏ @Inland_Homes 3h3 hours ago
More
13 #apartments already sold this morning at #centresquare launch. Don't miss out! Visit @CrownePlaza in #gerrardscross this afternoon.

[shaker44] 01/7/2017 13:29

Not so sure about ability to grow. Check out lse.

[blueclyde] 01/7/2017 10:49

"it simply acts like a sub-contracted builder for a fee."Yes that's my point, that fee probably being something like 20% of the value of the project which they would not have pocketed had they not set the division up. So in summary not only did they achieve the land sales they stated they would they also found a way to generate extra profit via the construction contracts which is cash generative to them on top of the cash received from the land sales. Be interesting to see how that cash is deployed they seem to be in a great position to grow pretty substantially.

[grahamburn] 30/6/2017 13:49

blueclyde. You need to differentiate between those projects where Inland are actually retaining the land and developing in their own right and those where the land is sold with the construction element being done thereafter by the new division Inland Partnerships. In the latter scenario the company isn't getting any of the "upside" from the development; it simply acts like a sub-contracted builder for a fee.

[blueclyde] 30/6/2017 13:12

Another great RNS cash hitting the balance sheet to the tune of 20 million and still keep some of the upside through the construction contract.Will be interesting to see what the adjusted NAV comes to as today is the year end. I expect it to be circa 100p so there is a huge discount. Seem to now be following the model of most other houses builders now they have the sufficient scale and balance sheet behind them to deliver hundreds of houses per year. Only 3-4 years ago the market cap was 30 million so developing wasn't an option as it was too small. Growth should start to really accelerate now with the cash being generated.

[cheshire man] 30/6/2017 09:55

All encouraging updates from INL :-)

[igbertsponk] 30/6/2017 09:33

snapped up? I really can't see anyone buying this - it's purely about the INL main guys finding sites and getting planning. Who'd buy Berkeley Homes without Tony Pidgeley?

[spud] 30/6/2017 09:24

But will the true value of the undervaluation be realised before this company is snapped up..?

spud

[shanklin] 30/6/2017 09:18

At least these recent deals move the gearing in the right direction. I wonder how this is changing overall.

[cerrito] 30/6/2017 08:53

I continue to be very nervous about their rapid expansion into construction; let's hope that the new man Gary Skinner is up to the task and my fears unfounded.

[briangeeee] 30/6/2017 08:47

Construction, I suppose, is really just going back to what worked so well at Met & Co. A tightening of the labour market might hurt, but seems the right approach to me.

[philjeans] 30/6/2017 08:33

Excellent news - and it keeps on coming.

Super cheap now.

[horndean eagle] 30/6/2017 08:16

Sensible strategy moving further into construction. They need to have the option/flexibility to build out these schemes. It becomes an easier sell when they tie together selling the land. Market loves Watkin Jones. Im sure they have an eye on them and their rating and are following a similar path in order to get a much better rating.

[chuffer2] 28/6/2017 09:02

I still can't help wondering if the Mark Dixon here is the same one that is upping his stake in Cloudbuy and if it is the same person,why????
The only two Mark Dixon's I have ever heard about where this one and the billionaire.

[hedge fund harry] 27/6/2017 18:59

The release of the print edition is normally later if I remember rightly.

[zulfikar] 27/6/2017 14:04

hedge fund harry

Yes, released today around lunchtime