Inland Homes Share Discussion Threads

[igbertsponk] 20/11/2015 09:04

Per Note 30 to the accounts Wilton park may well have cost £29m. Utter bargain for 350 plots in Beaconsfield if accurate.

[igbertsponk] 20/11/2015 08:59

No wonder they've not got enough decent staff below Board level to issue correct RNS's.
From the accounts: Total bonuses £581k
Directors bonuses paid to just 3 directors £542k
So the remaining £39k spread amongst the rest of the team, 30 employees each getting just over a grand each. And that includes the Sales & Marketing Director, Planning Director and Development Director !!

What a bunch of mean sods !

[shanklin] 20/11/2015 08:28

david77

As we know as investors, diversification is key.

I don't think we can reasonably complain about the size of Stephen Wicks's holding in INL even if (perhaps) he has chosen to invest some of his wealth elsewhere... ...or is spending it on a new kitchen, house or whatever.

Cheers, Martin

[caradog] 20/11/2015 08:24

This annual report must be the murkiest tangle of interrelated companies that I have ever tried, and failed, to understand. Notes 4, 14, 22 and 29 to the accounts leave me with the feeling that I would not invest in this company unless I was married to the financial director's daughter and she was carrying twins.
Can anyone with better accounting skills explain to me why the Wilton Park purchase was channelled through 3 companies, and why DGV would loan money to companies owned by the directors at 10% interest, which is accruing?
Perhaps Mr W needs the money from the share sale to clear the debt? Or perhaps he feels that life as a "funding partner" is bettet than that as a shareholder?

[david77] 20/11/2015 08:24

I suspect that Stephen Wicks selling 1.5 million shares shows that he has another major investment opportunity - more important to him than Inland.

[shanklin] 20/11/2015 08:22

Yes, so its unreasonable for Wicks to benefit from the share price gains here while he is still alive to do so?

[pj 1] 20/11/2015 08:21

Lets hope they stop shooting themselves in the foot. Late results, director sell. Hardly 'managed' the really positive news and results flow well have they?

Easy to say in hindsight I accept

[orange1] 20/11/2015 08:20

I wonder if anybody here will see today's drop in shareprice as an opportunity to top up their holdings. I guess I will never know, as nobody on this thread much likes to talk about these matters.

[masurenguy] 20/11/2015 07:44

Joe Say - 1080: On a separate note I wish companies would adopt the approach I've seen at CLIG where the CEO (I think) has on many occasions reiterated the sales volume and prices at which he will sell. Sentiment is then not put at risk.

I totally agree. Barry Olliff, the CEO of CLIG, has announced a pre-planned share disposal programme leading up to his proposed retirement in 2020, so there's no reason why others shouldn't follow suit.

"I would like to restate my intention regarding potential future sales of shares in the Company. I founded CLIG as an asset management business in 1991 and from the outset, I have always sought to align my interests with those of the Group's shareholders, both before and subsequent to the public listing in 2006. The consequence of this is that, as the largest shareholder and the Chief Executive of CLIG, close to all of my investible wealth remains in CLIG shares and I believe it is appropriate and prudent, for both the Company and me personally, that I gradually reduce my holding prior to my retirement in 2020. Accordingly, I propose: -- Selling 500,000 at GBP4.00 and 500,000 at GBP4.50. These intentions are the same as were communicated to shareholders, and specifically subsequent to my previous sale of 500,000 shares at GBP3.50 earlier this year."

[shanklin] 20/11/2015 07:40

peter27

Fair point, but in practical terms, other than dividends, he will benefit from share price gains on those 1.88m shares and they would be awarded immediately on change of control.

[peter27] 20/11/2015 07:30

@Shanklin those shares don't vest until Dec 16.

[peter27] 20/11/2015 07:28

The annual report holding is 1.5m more so this just looks like a sell. Could he be putting £1m into Troy? Would he be allowed to? I am looking forward to the AGM!

[shanklin] 20/11/2015 07:19

Perhaps the 1.5m share sale should be viewed in the context of the 1.88m shares he just received as per

So, over the course of November his overall holding has increased.

[joe say] 20/11/2015 07:16

Simply a clerical error no doubt

Probably an edit of a previous RNS

On a separate note I wish companies would adopt the approach I've seen at CLIG where the CEO (I think) has on many occasions reiterated the sales volume and prices at which he will sell

Sentiment is then not put at risk

[suetballs] 20/11/2015 07:15

Good spot jaws - at least you're awake.
Suet

[jaws6] 20/11/2015 07:11

from news which line is right INL ?

Why other person do not check this simple news to get it right .Sale in first para then says in second paragraph --Following the purchase, ????

Director's share dealing

The Company was advised on 19 November 2015 that, on 19 November 2015, Stephen Wicks, Chief Executive of the Group, sold from his personal holding 1,500,000 ordinary shares in Inland Homes PLC at 67.37 pence each.

Following the purchase, Stephen Wicks is interested in 14,737,332 ordinary shares representing approximately 7.27% of its issued share capital.

[suetballs] 20/11/2015 07:10

CEO sold a few but still has 7%.
? needs the dosh or something else.
Suet

[source] 20/11/2015 07:08

Big sale by Wick. Probably not going to help sentiment. Regards,Source.

[ravin146] 20/11/2015 00:02

Manrobert, well in order to scale up the house building, which is required, and most likely to be and is supported by the UK govt...yes. As for the current balance sheet is at an appropriate level.Secondly, it's either that or dilution like other builders.Might be a question to ask the board at the annual g meeting.Imo, gla

[dt1010] 19/11/2015 23:36

Nope I will not sell a single share until they get bid for by a major.
Time line on that is probably years.
The recent drop is short term sector weakness after a strong run.
Most shareholders can't see beyond the end of the week. Hence most churn their holdings and make themselves poorer and their brokers richer.
Nothing wrong with INL.
Keep holding.
Keep buying.
Have a bit of perspective!

[manrobert] 19/11/2015 19:40

is it the right time in the housing cycle to be taking on more debt.?

[ravin146] 19/11/2015 17:35

Once confirmed it will be interesting what the current balance sheet looks like...the additional loans of c.£2m will that be convertible into shares?

[ravin146] 19/11/2015 17:19

Your line is not far off the sarcasm I had haha"Unless DT1010 has sold out? :-0"

[pj 1] 19/11/2015 17:15

Lets keep it friendly!