Inland Homes Share Discussion Threads

[alter ego] 14/6/2019 12:02

have you upset Carmen David?

[davidosh] 14/6/2019 11:54

Dispose of the DS?? Those are my initials lol

[spud] 14/6/2019 08:41

Yep, amid strong buying!spud

[solarno lopez] 14/6/2019 08:37

and moving today !

[solarno lopez] 13/6/2019 08:39

Its moving that way spud albeit slowly

[spud] 12/6/2019 12:37

Yup - Let's dispose of the DS and we can then look forward to my f/cast 80p target this year and a 3.12p divi for 2020.

All imo of course.

spud

[cheshire man] 12/6/2019 12:24

Pleased with this recent move but a long way to go yet IMV so happy to hold, it's a sleep at night stock for me :-)

[pavey ark] 12/6/2019 10:16

I think if you are depending on the foresight of PIs you may be disappointed.
These shares could be purchased for c. 60p AFTER the recent announcement yet it took an IC article to get them moving.
It's not as though the article brought an unknown company to their attention as IC had given a detailed "BUY" recommendation months ago but the attention span of most is obviously not great.

Anyway, the shares go ex-div in a week and the next planning meeting for Cheshunt is the 25th so I would suggest that this is not the time to sell.

The GDV for Wilton Park was quoted at £350m and the figures for Cheshunt was £650m.

As Cheshunt is a 50-50 venture this gives a total for the two of £675m.

Obviously there is debt involved and other costs but in a fire sale INL could get 15% of GDV or £100m (NB: this is the lowest of low ball figures)

I see the current market cap is £130m and it's not as though INL doesn't have a considerable amount of additional assets!!!

If this sounds rather compelling some may remember that I posted in December pointing out that if these shares were bought (c. 50p just days before ex div date)then holding then for a year and a few days would give a yield of 8%.

After a heavy loss a few years ago due to holding shares in a heavily indebted company I resolved not to invest in any company that did not hold net cash.
INL is the only company I hold that does not hold cash but given the assets I'm not losing sleep.

[solarno lopez] 12/6/2019 09:08

Lets hope it holds for once

[philjeans] 12/6/2019 09:07

Starting well again today - IC readers this week will bring more buyers.

[spud] 10/6/2019 14:35

And a divi increasingly by 30% pa!

No brainer imo.

spud

Edit: Although the distressed seller doesn't share my enthusiasm!!

[igbertsponk] 10/6/2019 14:31

Can't fault INL for trying their best to spell it out by producing the EPRA valuations. They still seem unloved as they don't fit in a slot for most fund managers. Being not really a traditional housebuilder but a combination with a land dealer.Makes them a terrific long term pension hold for the cannier among us though!

[philjeans] 10/6/2019 14:16

Thanks DD.

Get the drift. As most of us had already worked out.

[crossing_the_rubicon] 10/6/2019 14:14

That's a nice rise. And still a massive discount to NAV.
Wished I'd bought some more recently...

[davidosh] 10/6/2019 14:09

It would not be fair to post it all but the conclusion is as follows....

In the circumstances, it’s hardly surprising that Inland’s shares have reacted positively. Even before factoring in any valuation uplifts the company’s market capitalisation of £127m is 40 per cent below Inland’s end 2018 European Public Real Estate Association (EPRA) net asset value (NAV) of £213m (103.6p per share). The potential for the realisation of substantial gains on the company’s land bank as it passes through the planning process, and an attractive share price discount to NAV, were major bull points in the investment thesis I outlined when I included Inland’s shares, at 57.75p, in my 2019 Bargain Shares portfolio. Strong buy.

[solarno lopez] 10/6/2019 14:07

its a good buy with NAV above £1

[philjeans] 10/6/2019 14:01

SKY - could you give us the bare bones of the tip please?

[skyship] 10/6/2019 13:36

Yes - tipped by Simon Thompson again (IC Online)

[stevieweebie2] 10/6/2019 13:35

wow
now thats a strong rise.

[philjeans] 10/6/2019 13:14

Pulling away nicely now - breakout approaching.

Strong BUY.

Could well be swallowed up by a larger player now.

[cerrito] 08/6/2019 22:18

Running a bit late here but Inland seem to have done a good job here over the last nine months; no mention of it on the Beaconsfield Society website and judging from the report in the South Bucks Press no great fireworks at the meeting and see passed comfortably at 6:2.
I found myself on the cheshuntlakeside.co.uk website where they talk(ed)about construction starting in late 2018 and the final phase finished in 2028 so we can see even without local opposition how this is running behind schedule.
In both cases the poor old District Council planning departments are way too underpowered to deal with applications like these two and the Councillors will have no experience of such big applications.
I have to say in am in such a funk about UK Political risk that I have no intention of adding and the question is if I continue to lighten up.

[bwm2] 07/6/2019 17:17

Perhaps there are a number conditional sale, sale/build agreements that need completing following planning that will be transformational for the company

[spud] 07/6/2019 09:50

Agreed. However, most LTs will have loaded up whilst in the 50s. Also, there is a persistent seller holding and even pulling the price down regardless of the growth prospects here. Once he's cleared, we should see this fly up, accompanied by the momentum buying. spud

[pavey ark] 07/6/2019 09:09

People seem a little shy this morning (?)

"After a number of years of hard work on Wilton Park, I am delighted with the positive decision delivered by the planning committee yesterday. With planning approval anticipated in June 2019 on Cheshunt Lakeside and subsequent value realisation....."

I have a reasonable holding here but don't follow in great detail.
It seems very unlikely to me that a company with such experience of the planning process would make the above statement without some degree of certainty that the Cheshunt scheme would be approved.

The fact that they are now making major adjustments to their reporting procedures based on this outcome only makes them look more confident of gaining approval.

With both schemes approved people here (and in the press) are making all sorts of predictions of much gold yet the buying response is rather muted.

Just random thoughts but I did think it was worth adding a few this morning.

[skyship] 06/6/2019 13:37

DB is right in his 2984 post above. INLZ, notionally on offer at 158p, matures on 10/04/2024 @ 201.40p. This provides a GRY of 5.13%.