Inland Homes Share Discussion Threads

[pj 1] 19/11/2015 16:37

Lets hope they have cleared now

Unless DT1010 has sold out? :-0

[ravin146] 19/11/2015 16:28

...c.2.5mill total of sales in short time....that explains the pegged price!

[ravin146] 19/11/2015 13:00

Imo it the market in general why we pattern in recent share price All builders are following same trend. Inl had great results, pipeline looks gd, today's news is gd. After initial profit takers, buyers are return which is good to see.Gla.

[source] 19/11/2015 12:11

Igbertsponk - Various market commentators have noted that Inlands NAV is likely north of £1.

-- And that was BEFORE the recent solid results.

Regards,
Source.

[igbertsponk] 19/11/2015 11:11

Sparkyhd - yes you are. Current market cap is £140m. Last NAV was 43.9p per share. So Market cap already £50m of NAV. That covers a lot, perhaps even all of the planning uplifts on the owned plots.

[sparkyhd] 19/11/2015 10:58

Am I naive in thinking that someone will want to buy the land bank at a price that's cheaper than them independently acquiring it yet at a price substantially above the current market cap?

[igbertsponk] 19/11/2015 10:45

Its the management who continue to identify, buy and get planning for those quality assets. Without them the company is just a work out play.

[ravin146] 19/11/2015 10:26

Along with the UK budget due soon, right to buy has helped inland homes...http://www.ukconstructionmedia.co.uk/news/thousands-of-households-show-interest-in-right-to-buy/

[cfro] 19/11/2015 09:48

It isnt the management that would be of interest to a predator though is it? Surely it would be about the quality assets the company holds.

[pj 1] 19/11/2015 09:45

Igbert- there are ways around that, and even if true it does not hide the fact there is high hidden value currently in the landbank plus development potential.

[sparkyhd] 19/11/2015 09:43

Was Country & Metropolitan Homes any different?

[igbertsponk] 19/11/2015 09:38

INL isn't tempting to bigger fish because its just a couple of guys who do all the deals. No point taking the company over as they'll just clear off and set up on their own again. Simples.

[cfro] 19/11/2015 09:35

As been oft said, i cant see why INL hasnt been snapped up by bigger fish before now.

Not many housbuilders out there with the quality of assets (above NAV) and such a low pe which cant be above 7 or 8.

[ravin146] 19/11/2015 08:25

Wow great news.It will be interesting to see what exactly is the book value if that site, will be difficult to find as they kept certain areas. Maybe cost of development and time to do was just a big and long task that inl could afford atm.

[joe say] 19/11/2015 08:21

Rental stream now above £1m p.a I believe

and the borrowing facility is saving on interest cost ongoing + provides flexibility should further funds be needed - a good strategic deal imo

[dt1010] 19/11/2015 08:19

There's been a bit negative press about construction stalling in the sector due to squeezed labour supply. I can see that hitting the likes of bigger players but not Inland. This will be fine. It's a long term hold that a major will snap up in time for 100p+

[cfro] 19/11/2015 07:55

Not sure why the share price has slipped back either, Source, brilliant news again from the company today.

[source] 19/11/2015 07:37

"Sale of land at significantly above book value "...Great update from Inland. Not sure why it slipped recently given the earlier great results, but this update suggests the positive progress continues.Regards,Source.

[shanklin] 19/11/2015 07:37

Anybody any idea please on the profit on the land sale announced today and the motivation for it? Does INL have better uses for the cash it can access than developing this site?

[igbertsponk] 19/11/2015 07:26

Nice land sale. And the new building company will be useful on sites such as Beaconsfield

[joe say] 19/11/2015 07:21

Well timed comment DT with today's announcement which I see as a big positive

Only question I have is the full ownership detail of the new building company in which INL has taken a 25% stake

[igbertsponk] 18/11/2015 17:19

Good to know they're not really going to push for any buildings to be retained. Clever of INL to knock the most historic one down as soon as they could !
hxxp://www.bucksfreepress.co.uk/news/14040219.Society_calls_for_permanent_recognition_of_former_MOD_site_Wilton_Park/

[ravin146] 18/11/2015 17:00

Yh I know?! It is called the 'Santa Rally', market usually on the up to year end. Regulars investors know this.Imo. Dyor

[david77] 18/11/2015 16:37

That was last year