Inland Homes Share Discussion Threads

[skyship] 16/1/2021 14:14

Well, that RNS prompted me back in again having sold into the November breakout. I posted this at end October: ====================== Yes, let's say a rather "contrived" statement; especially this piece: "The planning application for 514 homes at the Master Brewer site in Hillingdon was called in by the Greater London Authority and approved by the Mayor of London on 3 September 2020. The planning application is now awaiting either the release of the planning consent by the Secretary of State for Housing or for it to be called in by him for further consideration." I may be wrong, but didn't we read that Jenrick had cravenly rejected the application so as to support Boris. Hope I'm wrong in that...maybe there is still some mileage in that project. ====================== I was very pleased to read Stephen Wicks’ letter (thnx Cheshire Man) giving him both barrels. Jenrick’s position was indefensible & typifies political interference in planning at both national and local levels.

[robertspc1] 16/1/2021 13:11

Debt bigger than market valuation seems to be the issue here. I think they will have to sell something significant (ie raise £30m plus) at a premium to change that. Management hold large stake so they will be keen to close the valuation gap

[skinny] 15/1/2021 10:13

I'd hate to see what a negative RNS would do!

[daicaprice] 15/1/2021 10:12

I’ve been in and out of Inland for years and years, never ceases to amaze me how undervalued they are compared to just the land bank never mind all the other services they’ve added over the years. DC

[igbertsponk] 15/1/2021 10:03

Good news so price down. Crazy company has such a lack of institutional interest as it's just too complicated for them to slot into a portfolio... "is it a housebuilder? Yes, but it's a land trader and project manager for others too... Far too complex, I'll but some Berkeley Homes instead...." One day the discount will unwind!

[spud] 15/1/2021 09:01

For those that have not seen the update:Hillingdon Gardens site updateInland Homes plc, the leading brownfield developer, housebuilder and partnership housing company with a focus on the South and South East of England, is pleased to confirm that the planning application for Hillingdon Gardens at the former Master Brewer site will not be called in by the Secretary of State for Housing, Communities and Local Government.The site has been the subject of third-party requests to call in for determination by the Secretary of State but it has been decided that the application for 514 homes can be determined at a local level by the Greater London Authority. The site was approved by the Mayor of London in September 2020 and will now be subject to signing of a Section 106 agreement.The plans for Hillingdon Gardens will transform a derelict former commercial site, creating a residentially led, mixed-use neighbourhood, with a network of pedestrianised areas, landscaped public squares and extensive green spaces. The project will deliver 182 (35%) new genuinely affordable homes alongside significant contributions towards local infrastructure improvements and biodiversity.The Hillingdon Gardens scheme is part of Inland Home's asset management division. This is a high-growth arm of the Group and generates substantial service revenues with significantly reduced investment and capital consumption. The Group secures sites on behalf of investors and uses its extensive land and planning expertise to secure planning approval on their behalf. As 'capital light' activities, these schemes can generate attractive returns.The Group is currently managing six asset management projects on behalf of investors, which combined have the potential for 3,181 homes.Stephen Wicks, CEO of Inland Homes, commented:"The former Master Brewers site is a brownfield site that has been vacant for 11 years and is exactly the type of scheme where we can make a meaningful contribution to housing delivery in a sustainable way."We are pleased that the scheme has not been called in by the Secretary of State. We can now actively progress delivering the scheme, which is supportive of the Government's housebuilding agenda, delivering much needed affordable homes and revitalising a vacant site."The Hillingdon Gardens site is part of our asset management division, where we are seeing increasing demand for our experience and skill in navigating the planning system. This will be an area of primary focus in the coming year and we are excited about the opportunities in this growing area of the business."spud

[daicaprice] 15/1/2021 08:37

Managed a few, surprised the Hillingdon news didn’t move it from the off. DC

[daicaprice] 15/1/2021 07:14

Shame they were so quick to RNS it, was hoping for an intraday. DC

[p1966] 15/1/2021 01:17

CM Great spot and even better outcome, as Jenrick drops the call-in. Your Twitter link now has the update.

[spud] 13/1/2021 09:06

I share his frustration & can't do any harm in my opinion. spud

[igbertsponk] 13/1/2021 08:59

I'm getting planning permission for something in the City at the moment. Was about to be granted, then the planning officer says "You had 4 neighbours write in with questions, which you've discussed with them and answered. But I can't be sure they weren't objections, so it will have to go to Committee unless you can get them all to actually say they won't object." 8 months she's had to ask them. Lawyers now involved. It's a job creation scheme for the planners - not much happening so they string everything out to look busy.

[cheshire man] 13/1/2021 08:52

I totally agree IS :-)

[igbertsponk] 13/1/2021 08:51

Hes quite right to rant and rave. Why should INL incur massive holding costs just because some civil servants can't get off their asses ? He's never lost a planning battle in the long run, knows what he's doing.

[cheshire man] 13/1/2021 08:44

Https://twitter.com/peterproperty/status/1349260151648366592/photo/1

[its the oxman] 11/1/2021 11:16

Inching up a penny, still frustrating, hoping what should be decent results will set on us on an upward move.

[spud] 16/12/2020 11:32

Let's not forget the recent dilution (10% from memory). spud

[its the oxman] 16/12/2020 11:18

Are we really still under 60p

[igoe104] 16/12/2020 11:06

Most of these traders no nothing about the companies they invest into. They use breakout software, and invest into anything that breaks out. Bloody annoying it just makes shares very volatile. At least the consolation is most lose in the end. Plus they are constantly paying fees.

[yump] 16/12/2020 10:55

Fortunately most of them will be losing money, unless they anticipate all the others actions, in which case they'll only make 1%, as they'll have bought at 59 and sold at 61p. I guess they all think they can win, by following some method that everyone else is following ! Depressing future for science.

[igoe104] 16/12/2020 10:28

Alot of small caps who have recovered in November and drifted back abit in December. I think its traders cashing it. With more and more traders using breakout software its causing alot of volitity within the small cap sector.

[solarno lopez] 16/12/2020 10:10

Typical for Inland sad to say

[spud] 16/12/2020 08:48

Disappointing price action over the past couple of weeks esp seeing as some builders (notably Persimmon) are nicely up.spud

[spud] 09/12/2020 08:30

Inland Homes PLC Award winsSource: RNS Non-RegulatoryTIDMINLInland Homes PLC09 December 2020Inland Homes plcAward WinsInland Homes plc ("Inland Homes", "Inland" or "the Group"), the leading brownfield developer, housebuilder and partnership housing company with a focus on the South and South East of England, announces two award wins. -- Chapel Riverside, Southampton Chapel Riverside has won the Gold award in the Best Regeneration Scheme category at the WhatHouse? 2020 awards.This nine-acre regeneration project on a complex brownfield site is delivering 520 new one, two and three-bedroom homes and 64,000sqft of commercial space. Located on the site of the former Town Depot, the Group is carrying out extensive site remediation and civil engineering works including the demolition of disused buildings, ground decontamination and the sinking of a 25m diameter water tank to a depth of 17m from ground level. The Group has also raised the site level and built the 210m critical first section of a sea wall at a cost of approximately GBP2.5m to protect the city against flooding. -- Hugg Homes The Group's subsidiary, Hugg Homes, was announced as the winner of the 'Innovator of the Year: Housing Delivery' at the UK Housing Awards.Making use of dormant land, Hugg bespoke, modular homes provide an innovative response to the housing crisis, offering local authorities and others a high-quality alternative to bed and breakfast or hostel accommodation while putting to good use brownfield land waiting for planning permission and construction to commence.Hugg currently has 22 units tenanted within its Chapel Riverside development in Southampton (six to Southampton Council) and 32 within its Cheshunt Lakeside development in Cheshunt to Broxbourne Borough Council, which together generate a gross rental income of approximately GBP500,000 a year.A planning application for a further 48 units at Cheshunt Lakeside was approved by Broxbourne Borough Council in November, subject to the signing of a Section 106 agreement.Stephen Wicks, Chief Executive, commented:"Chapel Riverside is a prime example of the additional value we can bring to schemes through our brownfield site remediation experience and ability to manage major civil engineering works in-house and we are delighted to have received this recognition."Equally, we are delighted to have been recognised for the innovative work of our temporary modular housing subsidiary, Hugg Homes. Local authorities and others are facing ever-increasing demand for temporary accommodation, exacerbated by COVID-19. Hugg is providing much needed support and crucially doing so at a quality that ranks favourably against other options."spud

[p1966] 03/12/2020 16:19

http://www.inlandhomesplc.com/investors/regulatory-news/rns-announcement/3788067Update from 30 Jun 2020 - 6m interim results for 31 Mar 2020 (not sure if there is anything more recent?)Recent and current forward trading...In addition, we have forward sold a hotel under construction at our development in Bournemouth for £13.3m which is expected to complete in early 2021...

[fanshaw] 03/12/2020 15:48

Have we any sales this side of Christmas, I seem to recall the hotel in Bournemouth being mentioned at one stage,