Inland Homes Share Discussion Threads

[mip55] 18/10/2018 09:03

Perfectly correct Spud but the point I was making is the article is alluding to companies outperforming when they buy back large portions of their shares.....they mention Apple who have repurchased 25% and Northrop Grumman buying back 52%

[spud] 18/10/2018 08:52

Second round of repurchase. spud

[mip55] 18/10/2018 08:42

Interesting article but from the introduction :As a broad category, the stocks of companies which have repurchased large percentages of shares have outperformed the marketINL is repurchasing 0.5% of its shares .....To put that in perspective that amount is almost a third of the amount issued in only July to Stephen Wicks

[norbert colon] 17/10/2018 22:59

Interesting piece on why a company which is buying back shares tends to outperform. https://www.osam.com/Commentary/osam-quarterly-investor-letter-q3-2018

[skyship] 17/10/2018 19:56

mip - thnx for that...

[daicaprice] 17/10/2018 19:49

Looks like they picked up another 230k today to me for treasury, I will try and grab a few more tomorrow.

DC

[yump] 17/10/2018 12:37

I don't think Wilton Park has much to do with it. INL has had a low rating for quite some time.

[mip55] 17/10/2018 12:24

Skyship FYI ... from RNS 19/09/17:In the period leading up to this application, Inland has constructed the first phase of the relief road together with significant landscaping and tree planting and has sought to maximise the short term income from the asset via residential and commercial lettings. Annualised gross income from the site is currently GBP1.5 million.

[mip55] 17/10/2018 12:13

And I would point out that I didn't say the company model was either over complicated or over stretched... simply that the company has changed and, for now, the market is readjusting it's view and waiting for INL to prove the new approach will work

[mip55] 17/10/2018 11:59

The share price two years ago was 87p. Be interesting for your comments why this has declined by some 37% since then?

[skyship] 17/10/2018 10:16

Personally I feel that it is the Wilton Park impasse which is being allowed to overshadow everything else. I in no way subscribe to this theory of an over-complicated and over-stretched business model.

Re this para below from the recent Finals; can anyone provide a link to that £1.5m income which would mean the site is happily paying its way whilst we wait on the Council to see sense and facedown the nimby lobbyists:

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The planning application at our flagship scheme at Wilton Park, Beaconsfield has now been submitted for over a year. Although progress has been slower than we would have anticipated we remain in active dialogue with the local authority on the 100-acre site, which it has allocated for development. Whilst we are confident that we will achieve the necessary permissions, we are considering the options open to us over the coming months. In the meantime, the site continues to produce rental income of approximately GBP1.5m per annum.

[spud] 17/10/2018 10:05

I continue to add at strategic price points & have built myself a decent holding. The dividend is a nice bonus whilst we wait for the inevitable buyout. spud

[daicaprice] 17/10/2018 09:53

Point taken, so it’s the building side of the business that is making the market jittery?
The fact that they only have exposure in the Greater London and South West eases any concern for me, I’m happy to add down here as and when I can as I rather like the business plan.

DC

[solarno lopez] 17/10/2018 09:40

You are absolutely spot on Mip in your first few lines

[mip55] 17/10/2018 09:32

Maybe because the market used to know exactly what INL did. They were extremely good at sourcing and buying Brownfield sites, guiding them through the web of planning rules and selling the sites on. A nice simple business. Contrast that with what the company is doing now. Until the market proves for itself that the much diversified model is working and generating consistent profits we will sit where we are. As to dividends....am I the only one who sees this share buyback as a threat to future divi growth? I could, perhaps, accept the buyback if the shares were being cancelled but they are not.

[daicaprice] 17/10/2018 08:34

It amazes me Inland is so unloved, the Board have done a great job of securing planning on various sites, they’ve built up a lovely landbank in strategic places and are making a profit, paying a dividend and reducing the shares in issue.
What’s not to like?

DC

[daicaprice] 15/10/2018 13:09

Way oversold down here, have picked up just over 5k.

DC

[cheshire man] 12/10/2018 08:03

Good to see Director buying and company buy back begin :-)

[spot1034] 12/10/2018 07:28

I was wrong - that 100,000 purchase was the share buy back after all!

I thought otherwise as the then Trinity Mirror had a share repurchase programme last year and they bought many times each day in dribs and drabs, but this one is clearly different.

[fanshaw] 11/10/2018 10:45

Would be nice to see all directors put their hand in there pockets!.

[spot1034] 11/10/2018 10:44

Wicks' purchase was yesterday - there's another 100k buy this morning. I doubt that's part of the share buyback - don't they tend to be rather smaller random numbers? - so maybe another director buy which we'll find out about later.

[primarch1] 11/10/2018 10:32

Not a fan then erstwhile.share buyback and director buying and your moaning!!!! Happy with both especially on a miserable day in the market

[spud] 11/10/2018 10:08

And now Steve's stuck his hand in his pocket!spud

[skyship] 11/10/2018 09:31

erstwhile - I suspect that if they find plenty of stock then it will become a rolling buyback - ie followed by another 0.5%...
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Proposed Share Buyback Programme
Inland Homes plc (AIM: INL) (the "Company") today announces that it intends to commence a share repurchase programme up to a maximum of one million ordinary shares of 10 pence each ("Ordinary Shares") which amounts to 0.5% of the Ordinary Shares in issue at the date of this announcement (excluding treasury shares) (the "Programme").
Any purchase of Ordinary Shares made following this announcement will be carried out on the open market during the period commencing on 11 October 2018 and ending not later than 31 December 2018 and executed in accordance with the Company's general authority to make market purchases of Ordinary Shares.
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