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 Low Price High Price Open Price Close Price Last Trade
0.90 1.04% 87.80 86.90 88.90 86.90 86.90 09:44:10
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
31/01/2020InterimGBX2.2530/03/201930/09/201920/02/202021/02/202012/06/20203.1
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
17/2/2020
11:01
manrobert: large volume for unchanged share price?
12/2/2020
09:43
sev22: Buys out-weighed sells yesterday, and mainly buys this morning. Feels like the share price is being held back, next leg up back into the 90s by the end of this week.
07/2/2020
12:19
sev22: 2019 BARGAIN SHARES UPDATE BY SIMON THOMPSON IN TODAY'S INVESTORS CHRONICLE: INLAND HOMES. Aim: Share price: 87.2p Bid-offer spread: 87-87.4p Market value: £178m Website: inlandhomesplc.com Inland Homes (INL), a south-east of England-focused housebuilder and brownfield land developer, has reported a raft of positive news in the past 12 months. At the end of the 2019 financial year, the company reported a record land bank of 7,796 plots of which more than 3,000 plots have planning consent and a further 3,533 plots form part of Inland’s strategic land bank, the majority of which is held under options that are exercisable at a discount to market value. The total land bank has a gross development value (GDV) of £2.4bn, a strong indication of the bumper profits to be released when the plots are either developed or sold on to larger housebuilders. The decision to buy out the company’s joint venture partner at Cheshunt Lakeside, Hertfordshire, after the local authority granted planning consent last year, is likely to prove a shrewd and highly profitable decision. Inland controls 1,253 plots on the site with a GDV of £429m and Inland’s directors are evaluating their options to develop it as well as their flagship 100-acre development at Wilton Park, Beaconsfield. Wilton Park has been granted formal planning consent for 350 homes (GDV of £288m) and there are provisional proposals for further development on the site which could provide an additional 250 homes and 18,500 sq m of commercial space. Inland now has 892 private homes and 921 partnership homes under construction, and is in discussions with build to rent operators to enter more deals that will reduce the company’s borrowings – Inland has net debt of £152m – and release capital to invest back into the business while at the same time further de-risking the forward sales pipeline. For instance, the company has just signed a contract with Octavia Housing, a leading provider of affordable housing, for the development of Afrex House, in Alperton, north-west London. The development of this former light industrial site into 31 one, two and three-bedroom apartments will support the broader regeneration of the Alperton area. Annual results released last week revealed that the company’s European Public Real Estate Association NAV rose 13 per cent to £233m (113.6p a share) and pre-tax profit surged by more than a quarter to £25m, of which half represented a valuation gain on the Cheshunt site. However, I maintain my view that the Wilton Park and Cheshunt Lakeside flagship developments have scope to create £100m of additional value for Inland’s shareholders over time, a sum equating to more than half the company's current market capitalisation. A 3.1p a share annual payout produced a decent dividend yield of 3.5 per cent, too. BUY.
05/2/2020
13:43
davidosh: I do not think that generally investors in Inland have been here for the dividend. It is not really an income stock. I prefer the growth and the fact that in the last year the share price has nearly doubled. I will settle for as little as 20% of that increase this year even if the dividend is only paid once during the year.
01/2/2020
10:48
mallorca 9: Just about recovered to break even yesterday - think we should call it quits . Double or nothing that we hit a new all time high next week ! Sev ...thanks for the thoughts above. I totally agree. I have always seen INL as a takeover target but I feel that it will be for around £500m when it happens - so circa 2.5 x today's share price.
31/1/2020
13:04
leading: Looks to me as if they are considering a rights issue to fund a "Build to Let" activity. Do they mean to hold onto the properties after development? Why? By all means develop and then sell on. There are plenty of property businesses out there, I don't see why Inland would want to enter this capital hungry activity, it belongs in a different business entirely. Perhaps after missing the 100p, they are just floating this idea to keep a lid on the share price as suggested above. They are a very entrepreneurial lot and it is always amusing to see what they come up with next.
31/1/2020
11:10
sev22: I am really surprised that investors are selling out and consequently the price is being marked down. 'Housebuilder Inland Homes has reported a "period of major progress" with its land bank rising to its largest ever level. Inland Homes turned over £147.9m in the 15 months to 30 September 2019. In the previous financial period – the year to 30 June 2018 – revenues were £147.4m. Pre-tax profit for 2019 hit the £25m-mark. Chief executive Stephen Wicks said: "This has been a period of major progress, with strong momentum across the group. "We now have our largest ever land bank, controlling more plots with planning permission than at any other time, as well as seeing a continued expansion in the number of homes and partnership homes we are building." Total land holding at the period-end was 7,796 plots, up from 6,870 at the end of its 2018 financial year.' Ironic really on the day Brexit goes ahead. Onwards and upwards. I think the share price will move towards £1.00 in the next few weeks.
30/1/2020
09:35
igbertsponk: People are perhaps forgetting that we've already seen most of what will be in the results in the October trading update. Just looking for forward views and actual profits and most importantly the EPRA NAV. hTtps://uk.advfn.com/stock-market/london/inland-homes-INL/share-news/Inland-Homes-PLC-Trading-Update/80918227 If there was anything materially different to those trading figures we'd know by now.
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
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