Inland Homes Share Discussion Threads

[daneswooddynamo] 04/10/2017 09:05

sticking them in treasury gives them the flexibility to sell them for cash, use for an employee benefit scheme or cancel them at some stage

[igbertsponk] 04/10/2017 08:59

Might as well stick them in Treasury - makes no difference in the long term.

[royaloak] 04/10/2017 08:58

Will this benefit from the Government building plan , to be announced, of council houses, or will it be the bigger boys?

[shanklin] 04/10/2017 08:55

Given the buyback shares are not being cancelled, will they just be used to reward staff?

[joe say] 04/10/2017 08:29

Going round in circles Stemis - but I'd argue it's the weighted outcome of possibilities that matter - let's leave it there as we clearly see it differently (although I think it'll be me re-airing this debate in a short time!)

:)

[stemis] 04/10/2017 08:18

If the market, as a consensus, was predicting a pull back it would already have occurred. Holding shares believing they'll be cheaper 'post pull back' is no more rationale that Inland buying shares that they could buy cheaper post pull back.

Anyway, I suspect INL rationale for buying back shares is to do with concentrating net asset value in fewer shares rather than speculating on the share price...

[joe say] 04/10/2017 08:01

Fine Stemis - as I can hold and ride it out whereas paying more for shares now than post pull back to me is insane

[stemis] 04/10/2017 07:55

How would you feel if there was a market pull back and you were still holding shares in INL?

[joe say] 04/10/2017 07:42

And how would you feel if there was a market pull-back, as so many are predicting?

[djderry] 03/10/2017 22:47

I'm in favour of the buy back,it's an efficient use of capital.If Mr. Market wants to give these away then I'm all in favour of the company taking advantage.It increases each shares NAV and I'm happy not to trigger a capital gains tax.My only complaint is that it's not a larger purchase.

[shaker44] 03/10/2017 14:23

Good writeup just now in Investors Chronicle by Simon Thompson. Suggests fair value share price now 80p.

[bearhug2] 03/10/2017 14:08

Whatever the reason cant complain..Rising SP, Share buy back and a divi to come...Xmas comes early.

[bearhug2] 03/10/2017 14:02

I would say theres someone sniffing about, hence the reaction. Its way to small to have any affect in realistic terms of that period but does send out a signal as spud says...

[spud] 03/10/2017 11:19

It's a good start and sends out the right signal. However they need to get more 'onside' with the Institutions by getting out into the City presenting & generally smooching the guys who can really influence the value here. They could learn a lot from ACSO in this regard imo. spud

[daneswooddynamo] 03/10/2017 10:38

I would rather it spent the money on repaying debt or investing in the business where currently there seem to be a lot of opportunities

Sure it sends a signal that the equity is cheap in the board's opinion but we have had that already from the recent director purchases ( and not sure you should be launching a buy back immediately after a director purchase!)

Imo buy backs are for large corporates who have run out of ideas and ways to grow, not companies like inl. The scale of the buy back is pitiful anyway.

But at least you know there is no rights issue on the way at these levels and maybe management are worried about an approach and looking for any way to boost the share price

[spob] 03/10/2017 07:39

Small share buy back

Makes sense with the shares well below intrinsic value

[igbertsponk] 02/10/2017 15:41

The Beaconsfield planning application now viewable.


Design and Access statement the one to look at.
From Page 56:
1 bed flats 22
2 bed flats 55
2 bed houses 58
4 bed houses 86
5 bed houses 75
6 bed houses 8

Now, assume £1.5m for the 5 beds and £££;£ !
Expected to take 8 years to build, commencing late 2018.

The "Design Code Part 1", 2 and 3 are worth a look too.

[zulfikar] 02/10/2017 15:20

How you can view 2,000-home Cheshunt Lakeside plans
----------------------------------------------------

Plans for a 2,000-home development in Cheshunt are expected to be submitted before the end of the year.

Inland Homes expects to present an outline planning application for the Cheshunt Lakeside development to Broxbourne Borough Council in December.

Before then, it will be holding an exhibition for residents to find out more about the plans to redevelop Delamare Road.

The developers' previous exhibition in July laid out details for up to 2,000 apartment, business and retail units, a primary school and a new bus service.


However, residents expressed concerns about the impact the influx of new residents would have on roads in the area.

Inland Homes said it has spent the intervening months working out what impact the development would have and has been putting together plans for how transport will be managed on the site, on surrounding roads, and the effect on the neighbouring train station, which is set to become part of the CrossRail 2 route.

They will also be contributing to an overhaul of the Old Pond, alluded to during the last exhibition.

The exhibition will be held on Thursday October 12 and Friday October 13 from 3pm to 8pm at the Laura Trott Leisure Centre.

[daneswooddynamo] 02/10/2017 08:40

Whereas based on the first part of trading today it would be rather more accurate to say it "SHOULD be good news for Inland and certainly housebuilders"!

[davidosh] 01/10/2017 20:10

It should be good news for housebuilders and certainly Inland

[p1966] 01/10/2017 12:11

Additional £10bn for Help to Buy?Need to wait until the budget on 22nd November for clarification.

[yupawiese2010] 29/9/2017 16:57

Igbert - You're perfectly correct we did pay £18m for the site, plus the unknown cost for the adjoining land.

Some long term holder here may have a better memory than myself, as we had purchased a strategic piece of land next to Wilton Rark, we could drive a very hard bargain in obtaining this site from the MOD.

Although a local building Company submitted a much higher offer to the MOD for the site, we secured it, the rival construction company were seeking to go court to have in brief, the site purchase referred.

This would naturally have been a long protracted & costly exercise for all parties, therefore an out of court settlement was done between Inl & the other construction company ( im not sure of the companys name but it could have been Banner Homes. !! )

What were the terms of the settlement. ??

[igbertsponk] 29/9/2017 13:31

spud - think there's a chunk in stock for the remainder of the site too. I have it in mind that they paid £18m for the whole site - if it's anything like that then it's one of the best deals I've seen.
davidosh - it's this sort of deal that makes the Directors worth every penny of their bonuses! Think it was when you and others moaned about them (apologies if wrong) on TMF that I started investing at 18p - thanks !!!

[spud] 29/9/2017 13:01

Does this help David?

Wilton Park, Beaconsfield

We are already generating an annual rental stream of £1.0 million from 86 existing residential properties on this site valued at £46.9 million and which are included in the accompanying financial statements under investment properties. In addition, the site generates approximately £0.5 million per annum from letting other space for storage and film production. We expect this 100 acre site to generate a gross development value of approximately £350 million.

spud

[davidosh] 29/9/2017 12:50

Does anyone know what value Wilton Park is carried in the books at currently as it has to be assumed that once planning consent is achieved that value has to move up significantly to about £125m surely ?