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INL Inland Homes Plc

8.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Inland Homes Plc LSE:INL London Ordinary Share GB00B1TR0310 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 8.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 8.50 GBX

Inland Homes (INL) Latest News

Inland Homes (INL) Discussions and Chat

Inland Homes Forums and Chat

Date Time Title Posts
11/1/202419:16Inland Homes5,564
28/9/202313:15*** Inland ***22
02/11/201514:26Inland - 20104,708
21/6/201014:31Inland PLC 26MAY2010 = RNS = ЈЈЈЈ56
24/3/201008:05new issue inland...875

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Inland Homes (INL) Most Recent Trades

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Inland Homes (INL) Top Chat Posts

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Posted at 11/1/2024 17:39 by arthur_lame_stocks
The shares are worthless I'm afraid, they've been delisted from the stock exchange meaning you simply can't buy or sell them even if you can see a holding and a price in your brokerage account.
Posted at 05/10/2023 14:09 by oi_oi_savaloy
That's right Scburbs - they acted as Development Manager, effectively putting their planning expertise in, with the actual owner paying for planning (and the site of course). INL then received various bonuses as the deal progressed. I might be wrong on the planning costs front - INL might have paid for them but the principle (in terms of the deal structure) is correct. INL didn't own the land at any point.
Posted at 04/10/2023 15:36 by davidosh
How could a company that gained a prize site like Wilton Park go bust !!?

AIM-listed housebuilder Inland Homes has sold 94 plots at its Wilton Park development in Beaconsfield, Buckinghamshire, to Bewley Homes.

Inland Homes did not confirm a price for the sale but said the deal had been done at a premium to EPRA valuation. The sale covers part of phases one and two of the 147-home project, which has an estimated GDV of £288m.

The deal should complete in September, with Bewley paying two-thirds of the price in cash on completion and the balance up to a year later.
Posted at 31/8/2023 10:57 by greedfear
I'd like to know who exactly are holders of INLZ because if those are very different from INL holders INL could be in for a nasty surprise.
Factually INLZ is in control of INL's future.
I expect a rollover but one where INLZ defines the terms and chances are those terms will be favorable for INLZ.
I would not be surprised if it will be a partial payment in INL shares (improves equity of INL) and a partial roll over where (high) interest will be paid.
What's bad for INL isn't necessarily bad for INLZ.
Posted at 30/8/2023 09:50 by skyracer
Inland ZDP PLC

30 August 2023

Inland ZDP PLC

Possible breach of loan covenant

30 August 2023

Inland Homes PLC is considering possible provisions to be made against certain asset values in its accounts with its auditors. The amounts of any such provisions, which have not yet been determined, appear likely to trigger a breach of the asset cover covenant applicable to the loan between Inland ZDP PLC and Inland Homes PLC.

A further announcement will be made as soon as the asset values (net of any relevant provisions) have been determined.


I guess as certain Inland assets covenanted as security against the INLZ loan are revalued downwards they cause the breach. How are Inland going to pay this loan off ?? INLZ shareholders will probably have to accept a rollover or get nothing but that rollover will be expensive for INL. If INL can get any half decent offer for the company they should accept IMHO.
Posted at 28/7/2023 17:18 by grahamg8
Just so long as INL don’t lend him the £4m to pay for the shares. Thus transferring his debt from NorthCountry to Inland. Surely the size of the transaction relative to INL MCap plus it being a related party deal would trigger an EGM.

The logic of the deal as explained is for NorthCounty to build low cost homes er in the North. And by implication asset strip INL in order to pay for it. As a shareholder I would prefer the business to be asset stripped and the proceeds given to me.

Vote NO, NO, NO unless a very convincing explanation is provided that benefits the INL shareholders.
Posted at 28/7/2023 13:03 by stemis
If anybody has the email address of the INL company secretary they could always ask if the £4m outstanding in NorthCountry Homes for subscription for shares was paid before the acquisition by INL. I tried various permutations of his name as an email but they all bounced back undelivered.

OK. Managed to get a reply from the company secretary through investor relations. Points out that the acquisition is proposed and is subject to all sorts of conditions, basically repeating the announcement:-

The proposed acquisition is subject to legal and financial due diligence, agreement of a formal sale agreement, the obtaining of any required shareholder and regulatory approvals, restoration to trading on AIM of Inland Homes' existing shares and the admission to trading of the new ordinary shares to be issued for the proposed acquisition.

Goes on to say the question will doubtlessly be raised as part of the financial due diligence and will require a satisfactory response (in the view of the non-conflicted Inland directors) for the transaction to complete. Other than that it is commercially confidential.

Basically I don't know, but if I did I wouldn't tell you, however the independent directors will certainly want to know for it to complete. Bit weird...
Posted at 26/7/2023 23:09 by okosling
NorthCountry Homes Ltd (the company being bought by Inland Homes for £4m), information from the Companies House record:

Incorporated on 19 July 2020 with a share capital of £1.

First period end was an extended year, to 30 Sept 2021, in which they made a loss of £111,592. Then in the year ending 30 Sept 2022 they made a loss of £693,686. During that year, they issued 5.88m new shares for £6m, but only £2m was paid in cash, and the accounts show a debtor of £4m for called up share capital not paid.

Whether this £4m has been paid since 30 Sept 2022 is anybody's guess. Also the profit since Sept 2022 is anybody's guess - but they had never made any profit up until then, so no positive track record at all. The acquisition doesn't look like a good deal for Inland shareholders unless good things have happened since the last published accounts. The net assets of the company at Sept 2022 were over £5m (of which £4m is the called up share capital not paid), so on that basis, £4m purchase price could be ok, but a lot depends on what has happened since then, and we haven't been shown any evidence that it can be a profitable business.
Posted at 30/3/2023 16:14 by geckotheglorious
"Result of Direct Subscription"

Announces that it has closed the direct subscription offer announced on 29 March 2023 (the "Subscription"), having raised £2.5 million with the issue of 25 million new Ordinary Shares ("Subscription Shares") at a price per Subscription Share of 10 pence (the "Subscription Price"), being the nominal value of the Company's ordinary shares ("Ordinary Shares"). The net proceeds of the Subscription will be used to fund working capital requirements within the Company.
 
Application has been made to the London Stock Exchange for the admission of the Subscription Shares to be admitted to trading on AIM. Admission is expected to take place at 8.00 a.m. on 31 March 2023. The Subscription is conditional, inter alia, upon Admission becoming effective.
 
The Subscription Shares will, when issued, be credited as fully paid and rank pari passu with the existing Ordinary Shares, including, without limitation, the right to receive all future dividends and distributions declared, made or paid after the date of issue of the Subscription Shares.
 
Related party participation in the Subscription
 
Stephen Wicks, a founder of the Company, former CEO and the Company's major shareholder, has agreed to participate in the Subscription for a total of 25 million shares at the Subscription Price. Due to the fact that Stephen Wicks was a director of the Company in the last 12 months, he is treated as a related party of the Company for the purposes of the AIM Rules. The Directors consider, having consulted with the Company's nominated adviser, that the terms of the subscription by Stephen Wicks are fair and reasonable insofar as the Company's shareholders are concerned. 




So £2.5m of the £4.6m sought

"Inland is pleased to announce that it has today launched a direct subscription offer (the "Subscription") for up to £4.6 million by the issue of up to 46,000,000 new Ordinary Shares ("Subscription Shares") at a price per Subscription Share of 10 pence"

Stephen Wicks subscribes to 25m.

Shares get suspended on 3rd April, yet he joins the subscription.

Clearly once these "third party issues" are out of the way it's back to some kind of normal?
Posted at 01/3/2023 07:15 by oi_oi_savaloy
The share price will tank on the back of this rns..............but I think it's simply that Bennett had share-holdings in other companies that either sold land to INL or bought sites from INL; as to whether that influenced the prices paid etc remains to be seen but it's water under the bridge now..............Wicks coming back to the fold will immediately - he's a deal doer and right now INL needs a deal doer. Whether he's treated the business like his own private co or not - doesn't matter right now - INL needs to sell some sites to get that debt down pronto (ie September this year).

I think there's an opportunity to make a few quid here - buy on the (significant) dip! (but it might not come back up quickly so bear that in mind.) It'll take deals to make the share price come back. BUT it'll be oversold, imo, on the back of this news.
Inland Homes share price data is direct from the London Stock Exchange

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