Inland Homes Share Discussion Threads

[fangorn2] 11/10/2018 09:26

If they're cancelled , then they're gone, toast.

If they're in treasury then there still there, hanging around like a bad smell.

[stemis] 11/10/2018 09:02

What difference does it make

[spud] 11/10/2018 08:49

And the Company has recognised the undervaluation at last! spud

[spud] 10/10/2018 14:49

I continue to buy on any weaknesses. It's becoming so undervalued now that I really don't think I can lose (unless it does a CAKE)...spud

[skyship] 10/10/2018 14:22

Patently good value; however we are not served well by the totally inept actions by our CEO over Wilton.

[orinocor] 10/10/2018 11:15

is it the high gearing levels that are the problem

[fangorn2] 10/10/2018 09:45

Can't access it for some reason.Get a blank screen.

[skyship] 10/10/2018 07:52

Nitbhav - good find - thnx for that...

[nitbhav06] 10/10/2018 06:26

Very good read. https://www.forbes.com/sites/roystonwild/2018/10/06/2-cheap-secret-dividend-stocks-you-should-consider-buying-today/#15ff148934f2

[spud] 09/10/2018 11:21

I guess the upside to a falling price is the more attractive it becomes to a predatory bid...And every day it's becoming more so imo. spud

[spud] 29/9/2018 21:02

Yeald now @ 3.64%. Now wonder support is established @ 60p. spud

[spud] 29/9/2018 09:33

Good support @60p with a 250k combined buy mopping up all the sells.spud

[cerrito] 22/9/2018 16:07

The Final results statement clearly flagged up all not well with the Wilton Park development application and see the following story published in the last 12 hours
hxxps://www.bucksfreepress.co.uk/news/16895520.property-news-developer-sets-up-its-own-housing-association-to-build-homes-to-rent/
This is last week's story
hxxps://www.bucksfreepress.co.uk/news/16862169.revealed-inland-homes-threatens-to-withdraw-plans-for-350-homes-at-wilton-park-and-refuse-to-build-their-section-of-much-needed-relief-road/
The following is the link dated September 14 to the story of a public meeting of the Beaconsfield Society
hxxps://www.bucksfreepress.co.uk/news/16860788.councils-slammed-as-hundreds-flock-to-meeting-to-fight-green-belt-development/

This must be one reason why the share price is going nowhere.Obviously a complicated issue and I note the conclusions of the viability report report commissioned by the Council. I find it very strange that the Council does not accept it and would be good to get their reasoning why not. I wonder why INL do not appeal for nondetermination.
All that said I found the aggressive and sneering attitude towards local residents and the Beaconsfield Society taken by the CEO in last week's newspaper article to be very counter productive, however much he may consider he has been provoked.

[nitbhav06] 21/9/2018 19:47

Thank you Spud. Appreciate some positivity on INL. I'm holding long term and will keep adding during the dips.

[spud] 21/9/2018 17:29

https://uk.finance.yahoo.com/news/taylor-wimpey-share-price-heading-154017544.html?.tsrc=applewfI rate this stock highly. Many big house-builders are quite similar. One company that's a little different is Inland Homes (LSE: INL).As well as building houses itself, this £127m firm specialises in buying brownfield sites. It then divides the land into build plots, secures planning consent and sells the plots to other builders.The group's EPRA net asset value per share - an industry standard measure that includes valuation gains - rose by 6.3% to 102.3p per share last year, according to figures published today.Pre-tax profit rose by 8% to £19.3m, and shareholders will see their total dividend rise by 29% to 2.2p per share.However, what's most interesting about this company is that unlike most peers, its shares trade at a big discount to their net asset value. At the last-seen share price of 62p, this stock trades at a 40% discount to net asset value.A potential buyGiven the firm's track record of stable growth, this valuation seems harsh to me. Although rising net debt of £79.7m could be a risk in a severe downturn, I'm not really sure why else this business should be so cheap.Inland said today that its land bank contains 6,870 plots with an expected gross development value of £2.1bn. About 25% of these plots already have planning consent, or will have shortly.If I was a shareholder, I'd sit tight and would consider topping up. With the shares trading on 8 times 2019 forecast earnings and at a big discount to book value, the downside risk seems limited to me. And a 3.5% dividend yield means investors are paid to be patient.spud

[its the oxman] 21/9/2018 14:15

Thought this was gonna go up after reading the results. Buy more if it goes sub 60p.

[nitbhav06] 21/9/2018 06:35

I wouldn't even use NAV as a valuation. If revenue just increased 62.5%, it doesn't seem plausible to use this valuation model. I loaded up yesterday at these levels. So undervalued it's ridiculous. This is a £1bn market cap company in the next 10 years IMO. My valuation didn't take a 65% increase in revenue into consideration. I'll need to revisit my spreadsheet haha.

[spud] 20/9/2018 16:06

Too cheap imo and topped up with another 20k.

spud

[mfhmfh] 20/9/2018 15:15

buy rating reiterated in today's IC

[primarch1] 20/9/2018 14:50

Just the usual response to final results.you could treble profits in this market and still the price will get knocked down sooner the uncertainty of Brexit is over the better

[stemis] 20/9/2018 13:33

Well, market seems to have given a big raspberry to the results

[primarch1] 20/9/2018 08:53

Impressive results considering all the doom and gloom of Brexit.nice hike in the dividend and so undervalued to nav.

[bwm2] 20/9/2018 08:33

I was interested to read about Rosewood Housing which should enable them to make a better return out of the affordable housing problem eg have a look at the 2017 accounts for The Guinness Partnership who in 2017 had a surplus of £95m on £430m turnover