Inland Homes Share Discussion Threads

[salchow] 28/9/2017 08:29

Shanklin - the comprehensive income statement shows the gain on the joint ventures but that is presumably the gain before many expenses, e.g. they will not be apportioning directors time, interest costs, staff wages to that. There would be, as with any company, many questions to ask to fully understand the detail behind the accounts. You can only look at the overall figures and what they say about future plans.

[shaker44] 28/9/2017 08:29

Increased discount to nav now bigger enough to attract a takeover?

[spob] 28/9/2017 08:23

the story here is about future development gains

work in progress

[shanklin] 28/9/2017 08:15

There is a lot to like. I am just interested to see that housebuilding is not proving as profitable as I would have expected.

[spud] 28/9/2017 08:11

Good solid results,underpinned by an increasing divi. What's not to like? spud

[spob] 28/9/2017 08:06

All reads very well to me

Although I'm thinking more about the results this time next year

[spooky] 28/9/2017 08:06

Since when do we trade property companies based on annual profits?

[shanklin] 28/9/2017 08:04

Near the top of the RNS:

- "Profit before tax of £18.1 million"

- "Sale of 780 residential plots (including disposals of joint venture and subsidiary), generated a profit of £19.1 million"

[igbertsponk] 28/9/2017 08:02

I expect this will tick up later as they start showing analysts the Beaconsfield plans.

[shaker44] 28/9/2017 07:57

Doesn't read like that to me! Sales well up, land bank almost doubled, debt rescheduled to medium term. And profit before revaluation about 15% up.
Maybe I misread. See what the market makes of it very soon.
Oh, and dividend up too!

[salchow] 28/9/2017 07:51

Shanklin - they did make money on land sales as anticipated. At one time that was almost all they did but they are now getting more into construction. Having said that I cannot see your figure of £19.1M. Whereabouts in the report do you get that from?

[shanklin] 28/9/2017 07:21

Good job they made £19.1m on land sales as the rest of the business appears to have lost money?

[qs99] 28/9/2017 07:09

well forward order book and NAV look pretty healthy IMO and big old increase in dividend....

[spud] 27/9/2017 22:50

Worth a glance:



Stake your claim

Another regeneration specialist that I believe offers investors excellent value at the moment is Inland Homes (LSE: INL). The Buckinghamshire-based group is due to announce its full-year results later this week, but I reckon right now could be a great time for investors to stake a claim ahead of Thursday's announcement.

The AIM-listed business is a leading brownfield regeneration specialist and housebuilder with a particular focus on the South and South East of England. It's been an extremely active and successful year for the group, with the business growing both financially and operationally.

In-house construction team

A new in-house construction team has enabled Inland to increase its housebuilding and contracting operations significantly, providing more certainty over the timing of cash flows and profit recognition, as well as better control over construction costs. This investment is now beginning to bear fruit, with the number of open market unit completions increasing by 28% during the last financial year.

With a healthy land bank of 6,776 plots and a short-term development pipeline with a gross development value of £1.34bn, the group seems well placed to continue the growth in housebuilding and land sales delivered over the last year. Trading on a forward price-to-earnings multiple of just 7.7, I reckon Inland Homes could be one of today's best small-cap secrets.

spud

[grahamburn] 27/9/2017 20:35

Quite different if you think about it in practical terms (eg different type of land and often different mix of houses).

This is illustrated by the possible scenario whereby Bovis might buy land with outline planning approval from Inland which the latter acquired as a difficult brownfield site to add value through their specific expertise.

Anyway, not worth worrying too much about this save for saying that Bovis is a high yield stock, whilst Inland offer more scope for capital appreciation. Both worth holding right now, IMO.

[jimblack513] 27/9/2017 15:51

Not that different. They both buy land and build houses

[grahamburn] 27/9/2017 15:48

Just because they are in the same geographical area and in the same industry doesn't mean Bovis and Inland have comparable models of operation. In fact, they are very different businesses.

[jimblack513] 27/9/2017 15:37

fingers cross for tomorrow

[qs99] 27/9/2017 12:39

Always nice IMO to see some blue the day before...GLA

[igbertsponk] 27/9/2017 10:24

I expect some more detail on the Beaconsfield scheme now that it's in for planning. Still not showing on the planning portal, annoyingly.

[spud] 27/9/2017 10:21

An improving Divi is a given imo. That alone is enough to keep me interested. spud

[jimblack513] 27/9/2017 10:05

Anticipation for tomorrows results. The sector is up today.

[shaker44] 20/9/2017 17:04

Many thanks for the link. A very good thorough analysis

[yupawiese2010] 20/9/2017 16:30

Interesting article by Phil Oakley, whilst the article covers Redrow, you can read across for the majority of house builders.