Inland Homes Share Discussion Threads

[tole] 18/1/2021 15:36

I've also re-bought a few back today. On reading a few articles over the weekend in masterinvestor I noted they gave a brief update on Inland from their list of Covid-19 Market Recovery Portfolio.Inland Homes (LON:INL) – residential and mixed developer of brownfield and strategic land, www.inlandhomes.co.uk – @ 41p, with a Target Price of 80p, highest since 64.8p, now 64p, +56%Comment: The finals to end September last are due later in January. Company is cautiously optimistic for current year and is boasting a record land bank, buoyed by sustained demand.

[skyship] 17/1/2021 14:33

Quite right - until they can get back to the middle ground where the UK electorate dwells, Labour will remain out in the cold. It would of course cause a mighty rumpus with the communist Trots & former Socialist Workers Party members who dominate Momentum and hijacked Labour under Corbyn.

[yump] 17/1/2021 14:24

Yes its no good complaining about other countries denying and ‘diapoearing’ their past if we’re going to do the same. Sounds like Labour’s substitute policy for anti-semitism, sinisterly piggybacking on the black lives matter movement. I wish Labour could just be Labour. Whats the matter with them.

[yump] 17/1/2021 10:33

Placing was in April. A 5 year chart shows how 60p is probably much more significant than the placing. Its spent a lot of time around this level. There is a 60p magnet at work and it needs something strong to break away. Also just as it had broken away to 80p, covid hit, so you can imagine the number of people sitting on paper losses who are trying to decide whether to hold or sell for perhaps a small loss.

[spud] 17/1/2021 09:41

Am I correct in stating that INL was the only one to dilute by 10%?spud

[skyship] 17/1/2021 08:46

Out of the 5 housebuilders shown here, INL & VTY are the two slowest in the recovery stakes: free stock charts from uk.advfn.com

[skyship] 17/1/2021 08:26

Incidentally - has anyone managed to find Jenrick's letter to Sadiq Khan?

[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