Inland Homes Share Discussion Threads

[spud] 07/9/2017 14:18

There's a massive volume of shares in issue with zero Institutional support so it's way too early to jump to that conclusion. It's clearly being sold down with only PIs taking any interest. The only question is, who's selling this into wafer thin support..?spud

[spob] 07/9/2017 14:18

would love to buy more around 49p

will it get there ?

[spob] 07/9/2017 14:15

and we had the finance director topping up just recently at 59p

[spob] 07/9/2017 14:09

2228

" It's a biggie this overhang, that's for sure! "


No RNS notifications equals not so big.

[hedge fund harry] 07/9/2017 12:41

incredible given the level of profits since then and forecast for this year and next

other house builders are massively up since brexit, just look at their charts

[hedge fund harry] 07/9/2017 12:40

incredibly heading down to Brexit referendum levels

[daneswooddynamo] 07/9/2017 11:45

A few thoughts....bit of a pa stock and not very deep quality institutional shareholder register...aggressive plot expansion, increased gearing and more housebuilding activity maybe accompanied by scepticism that company is large enough/adept to cope..and management can be abrasive! Accompanied by weaker sentiment...

That being said would have thought looking attractive now to larger builder who can finance plot build out and does have the beaconsfield jewel...

[spud] 07/9/2017 11:36

Should be a 'big' support line at or about the 50p level. If we slip through hold onto yer hats and deploy parachutes!

spud

[spooky] 07/9/2017 11:25

I do not own a position but I am interested in why they are down here. Looking at it from the outside and excluding anything strange and underhand, the only thing that I can come up with is that it is not as cheap as it looks because suggested NAV includes some very aggressive valuations. They are diversified by geography and type of development. Any other thoughts on what the issue might be for the seller/s?

[daneswooddynamo] 07/9/2017 10:56

Time for someone to put it out of its (share price) misery! Yep also surprised the seller is persisting down here

[spud] 07/9/2017 10:17

Well either we're all on the wrong side of a losing bet or the Market has just got this plain wrong. Good job there's a healthy dividend to compensate for the pain!spud

[cheshire man] 30/8/2017 12:10

Prelims on the 25th so should hear how things are going then may well see a run up to that... time will tell,
Have bought a few more down here and with a broker tp of 80p and a small divi I'm happy to hold for now DYOR

[alamaison5] 30/8/2017 11:42

Stephen Wicks, CEO at Inland Homes, commented:

"Inland continues to build firm foundations for the future. A record £1.34 billion short term development pipeline; the creation of a highly experienced construction team which enables us to capitalise on partnership opportunities; and growing private housebuilding along with land sales has resulted in a dynamic, multi-faceted business model which will stand us in good stead for the future."

[spud] 23/8/2017 14:59

It's a biggie this overhang, that's for sure!

spud

[sleepy] 21/8/2017 18:13

A large part of Henry Boot's (BHY) business is getting planning on strategic land. They have generally done well for their shareholders over many years

[skyship] 21/8/2017 17:36

That 120k buy @ 54.75p may finally have signalled the bottom. That price represents a 40.5% discount to the Dec'16 92p NAV; and a 44% discount to the prospective but now historic 98p NAV for Jun'17...

[igbertsponk] 17/8/2017 14:38

Skyship - HWG has some similarities, but its Oop North and all about turning coal mine and similar brownfield sites into commercial or housing estates.
Much more specific than INL which is all about finding decent sites in the South East, buying for buttons, working their planning magic, then deciding whether to build out themselves or flog to traditional builders.

[danieldruff2] 17/8/2017 14:28

I'm holding TEF but I'm sniffing around this one. Is there an argument to choose this over TEF beyond the discount factor?

[skyship] 17/8/2017 14:10

Igbert - I would say that HWG is its closest peer - 3x the size, but then INL is a tiddler at just £111m MCap.

INL is at an excessive discount compared to any other player; and perhaps it will need the September numbers to change the negative sentiment here.

[igbertsponk] 17/8/2017 12:54

GDV - read this


Peer group - there isn't really anyone like INL. Means its somewhat unloved. nearest thing I can suggest is that it's a mine Berkeley. Berkeley is essentially a housbuilder reliant on Tony Pidgeley continuing to be the best site buyer out there.
INL are somewhat similar, but much smaller.

the discount MAY unwind, but it will take a while and really be on conversion of the sites into cash and profits.

[adamb1978] 17/8/2017 12:20

Hello

I'm not invested in INL however they came across my radar recently. A couple high level questions:

- when they talk about Gross Development Value - is this essentially the value of their land bank? in their recent update they called it 'GDV of short term land pipeline'...whats the 'short-term' bit?
- can someone help me with views on what the right peer group is for these guys? I'm obviously well aware of the housebuilders, however they're not really a pure housebuilder are they...are there any listed peers for the development part of the business? I'm mainly interested in understand whether the 40%-50% discount to NAV is an anomaly and by how much.
Thanks

Adam

[dt1010] 17/8/2017 08:03

Yes I have done a deal with them on unconsented land and they very nearly didn't pay me, so trust me, I know. Even when they decided to pay me I had to wait ages. They look after themselves with their share options and have delivered pathetic returns for their shareholders. City is clearly not interested in the company.

[solarno lopez] 17/8/2017 08:00

I have known Wicks for many years and nearly did a deal with him until his greed manifested itself

[dt1010] 17/8/2017 07:58

That's the hope by existing holders.
It seems the management have no regard for their shareholders, only interested in lining their own pockets. Wicks especially.

I have bought for the margin of safety and hope for but out but don't hold me breath. Bought £88,000 worth, piecemeal to greedy Wicks and his board buddies.