Inland Homes Dividends - INL

Inland Homes Dividends - INL

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Inland Homes Plc INL London Ordinary Share GB00B1TR0310 ORD 10P
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  0.00 0.0% 79.80 79.80 79.60 79.80 79.80 16:35:11
more quote information »
Industry Sector
REAL ESTATE INVESTMENT & SERVICES

Inland Homes INL Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
07/03/2019InterimGBX0.8501/07/201831/12/201820/06/201921/06/201903/07/20190
20/09/2018FinalGBX1.5530/06/201730/06/201827/12/201828/12/201825/01/20192.2
28/03/2018InterimGBX0.6501/07/201731/12/201707/06/201808/06/201829/06/20180
28/09/2017FinalGBX1.230/06/201630/06/201728/12/201729/12/201726/01/20181.5
28/03/2017InterimGBX0.301/07/201631/12/201601/06/201702/06/201723/06/20170
14/10/2016FinalGBX0.930/06/201530/06/201629/12/201630/12/201627/01/20171.3
21/03/2016InterimGBX0.301/07/201531/12/201505/05/201606/05/201631/05/20160
29/10/2015FinalGBX0.730/06/201430/06/201524/12/201529/12/201522/01/20161
31/03/2015InterimGBX0.301/07/201431/12/201409/07/201510/07/201531/07/20150
29/09/2014FinalGBX0.630/06/201330/06/201411/12/201412/12/201409/01/20150.6
03/10/2013FinalGBX0.2730/06/201230/06/201304/12/201306/12/201306/01/20140.27
04/10/2012FinalGBX0.0730/06/201130/06/201214/11/201216/11/201217/12/20120.07

Top Dividend Posts

DateSubject
07/10/2019
11:57
2niffy: The real reason for extending year end. Inland Homes 2013 LTD, the vehicle set up to reward Wicks and Malde for long term share price performance. 4,547,928 shares will vest if share price hits 101.78p by end of relevant performance period which is 20 dealing days after announcement of preliminary results for year ending 30th Sept 2019, expected no later than 31st Jan.Looking forward to announcement of a quantified uplift in EPRA valuation, but that in itself shouldn't be a reason to delay results. ERPA valuation is only subjective, verification only achieved with a meaningful disposal to third party developer.Management are seriously incentivised, have bought themselves 3/4 months would have lapsed this month if hadn't extended year end, still lapse if they don't get above 101.78p.
28/9/2019
13:38
yump: Well if you like following directors try nexs. That can’t be considered a ramp by me because the share price isn’t flying ;-)
26/9/2019
09:48
skinny: Yes - just to show that the indicators - MACD,RSI & Volume and of course share price are all positive/improving - although now possibly looking over bought.
23/9/2019
13:01
yump: So, given the recent updates are clearly the reason for the share price rises and we can see that the share price has risen, what does the chart add other than post-event face-credibility rationalisation ? Did anyone post a bullish explanation of the candlestick and volume charts in June ? That would have been interesting.
12/8/2019
10:05
spud: p1966 - To say I'm not a fan of buybacks would be an understatement! All they do is flatter the share price and reward Directors for improving the eps. I'd rather they reward loyal shareholders by continuing with their undeclared progressive dividend policy and or invest in the business. Value will always win out. spud
12/7/2019
07:57
pavey ark: IgbertSponk, as you can see from my earlier posts I like to err on the low side but I still get figures for INL that make this current share price look silly. The main point of my last post was that some people have raised the debt figure as a problem but it looks like it is being reduced rather dramatically. There is the rather obvious possibility that the cash is simply recycled within the business and doesn't go to debt reduction but given that they bought Beaconsfield for £35m I think we have to concede that they know what they are doing. On the subject of Beaconsfield I wonder if you could give us the benefit of your local knowledge and supply some background info on the second part of the site with the 250 plot potential. I don't imagine INL will push their luck and immediately go for full planning permission but it does make me wonder what the full GDV of the site is.
01/7/2019
11:03
spob: previous article - dated June 10 Inland Homes wins major planning consent Simon Thompson June 10, 2019 Inland Homes (AIM:INL:62p), a leading brownfield developer, housebuilder and partnership housing company with a focus on the South and South East of England, has been granted planning permission, subject to the signing of a s106 agreement, on its flagship site, Wilton Park in leafy Beaconsfield, Buckinghamshire. This is a very affluent area of the country that is located within 23 minutes to London Marylebone by rail, and offers quick access to the M40, too. Furthermore, gaining consent is a significant step forward for the long awaited development of the 100-acre site, described by upmarket estate agency Savills “as the best residential opportunity in southern England.”Planning permission will enable delivery of 350 homes, as well as commercial and community space within a parkland setting, with an estimated gross development value of £350m. A further part of the site is subject to a draft allocation for development, which could provide up to 250 additional homes and 200,000 sq ft of commercial space. Inland’s management team is currently considering their options for the site, but no matter whether land is sold off as parcels, developed in house or through a joint-venture partnership, the planning consent will lead to a major increase in the carrying value of the site. In the meantime, the site continues to generate annual rental income of £1.5m from residential and commercial occupiers. To put the magnitude of the potential profits from this site in to perspective, Inland acquired the former Ministry of Defence site five years ago for £35m, including deferred consideration. Once developed, and based on a 25 per cent gross margin and an 80 per cent profit share, I estimate this implies a post-tax profit north of £50m for Inland, adding a thumping 24p per Inland’s shareholders’ equity, or 40 per cent of its current share price. I would stress that these are my forecasts as analysts have yet to update their models. Moreover, there could be further good news on the planning front later this month, as Inland’s delayed planning decision at Cheshunt Lakeside, Hertfordshire is scheduled to be heard on 25 June 2019. The site is located just outside the M25 and only 27 minutes from London's Liverpool Street station by train. In June 2016, First Property entered into a joint venture whose purpose was to acquire a site in Cheshunt, Hertfordshire, obtain planning permission and ultimately sell the land. Under the terms of the joint-venture agreement, Inland has an obligation to fund 50 per cent of the costs of the site and is entitled to receive 50 per cent of the net returns. Planning application for 1,853 units was recommended for approval by the planning officers, but the planning committee of Broxbourne District Council resolved to defer the decision, requesting clarification on a few matters (for instance, car park allocation). Inland is hopeful of winning approval at the forthcoming hearing later this month. A positive decision on that site will result in another significant increase in its valuation. Bearing in mind the timing of thee planning decisions, Inland will release a pre-close trading update in early October 2019 in order to be able to offer greater clarification on their financial implications, having sensibly decided to move its next financial year-end from 30 June 2019 to 30 September 2019. In the circumstances, it’s hardly surprising that Inland’s shares have reacted positively. Even before factoring in any valuation uplifts the company’s market capitalisation of £127m is 40 per cent below Inland’s end 2018 European Public Real Estate Association (EPRA) net asset value (NAV) of £213m (103.6p per share). The potential for the realisation of substantial gains on the company’s land bank as it passes through the planning process, and an attractive share price discount to NAV, were major bull points in the investment thesis I outlined when I included Inland’s shares, at 57.75p, in my 2019 Bargain Shares portfolio. Strong buy.
01/7/2019
10:53
spob: Inland Homes’ urban village Simon Thompson June 26, 2019 Inland Homes (INL:68p), a leading brownfield developer, housebuilder and partnership housing company with a focus on the south and south-east of England, has been granted planning consent to create a new urban village of 1,725 homes and 19,000 square metres of commercial space at Cheshunt Lakeside, Hertfordshire. The site is located just outside the M25 and is only 27 minutes from London's Liverpool Street station by train. It’s a significant milestone after Inland entered into a joint-venture partnership to acquire the site in June 2016 with a view to obtaining planning permission and ultimately selling on the land. Under the terms of the joint-venture agreement, Inland has an obligation to fund 50 per cent of the costs of the site and is entitled to receive 50 per cent of the net returns. Together with its joint-venture partner, Inland owns and controls 1,253 of the 1,725 consented residential plots and 4,905 square metres of commercial and educational space within the Cheshunt masterplan area, which has an estimated gross development value of £620m. Inland is the lead developer on the broader masterplan, and is working with the council to deliver it. The planning approval highlights Inland’s strategy of acquiring quality land in areas of high demand, adding significant value by securing planning permission, and then generating value for shareholders through a mix of selective in-house development and by providing a turnkey solution for development partners. Analysts at house broker Panmure Gordon expects the site to be cleared in late summer/early autumn and first delivery of the housing scheduled for mid to late 2021. Taken together with the planning consent gained on Inland’s flagship site at Wilton Park, Beaconsfield, which I covered a fortnight ago ('Inland wins major planning consent', 10 Jun 2019), we can now expect Inland’s end 2018 European Public Real Estate Association (EPRA) net asset value (NAV) of £213m (103.6p a share) to increase sharply when it releases a pre-close trading update in early October 2019, having sensibly moved its next financial year-end from 30 June 2019 to 30 September 2019 to be able to offer greater financial clarity on the Cheshunt Lakes and Wilton Park developments. Analysts are holding fire on upgrading their financial estimates, but it’s clear to me that these two flagship developments have the potential to create additional value in the order of 40 to 50 per cent of Inland’s last reported NAV, albeit the company is likely to be more conservative in its valuation approach in the 2019 accounts. The point is that with the shares trading on a 34 per cent discount to NAV per share prior to analysts releasing significant upgrades, the potential for a material increase in the carrying value of Inland’s two flagship developments is simply not being priced in, nor is their near-term profit potential if Inland decides to sell on parcels of land to major housebuilders. There is undoubtedly demand given the proximity of both schemes to London. The likely realisation of substantial gains on the company’s land bank as it passes through the planning process, and an attractive share price discount to NAV, were the key bull points in the investment thesis I outlined when I included Inland’s shares, at 57.75p, in my 2019 Bargain Shares Portfolio. The company is clearly delivering. Trading on a bid-offer spread of 67.5p to 68p, valuing Inland’s equity at £140m, I continue to rate the shares a strong buy and introduce a target price of 95p to 100p. Strong buy
10/6/2019
13:09
davidosh: It would not be fair to post it all but the conclusion is as follows.... In the circumstances, it’s hardly surprising that Inland’s shares have reacted positively. Even before factoring in any valuation uplifts the company’s market capitalisation of £127m is 40 per cent below Inland’s end 2018 European Public Real Estate Association (EPRA) net asset value (NAV) of £213m (103.6p per share). The potential for the realisation of substantial gains on the company’s land bank as it passes through the planning process, and an attractive share price discount to NAV, were major bull points in the investment thesis I outlined when I included Inland’s shares, at 57.75p, in my 2019 Bargain Shares portfolio. Strong buy.
21/9/2018
16:29
spud: https://uk.finance.yahoo.com/news/taylor-wimpey-share-price-heading-154017544.html?.tsrc=applewfI rate this stock highly. Many big house-builders are quite similar. One company that's a little different is Inland Homes (LSE: INL).As well as building houses itself, this £127m firm specialises in buying brownfield sites. It then divides the land into build plots, secures planning consent and sells the plots to other builders.The group's EPRA net asset value per share - an industry standard measure that includes valuation gains - rose by 6.3% to 102.3p per share last year, according to figures published today.Pre-tax profit rose by 8% to £19.3m, and shareholders will see their total dividend rise by 29% to 2.2p per share.However, what's most interesting about this company is that unlike most peers, its shares trade at a big discount to their net asset value. At the last-seen share price of 62p, this stock trades at a 40% discount to net asset value.A potential buyGiven the firm's track record of stable growth, this valuation seems harsh to me. Although rising net debt of £79.7m could be a risk in a severe downturn, I'm not really sure why else this business should be so cheap.Inland said today that its land bank contains 6,870 plots with an expected gross development value of £2.1bn. About 25% of these plots already have planning consent, or will have shortly.If I was a shareholder, I'd sit tight and would consider topping up. With the shares trading on 8 times 2019 forecast earnings and at a big discount to book value, the downside risk seems limited to me. And a 3.5% dividend yield means investors are paid to be patient.spud
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