Inland Homes Share Discussion Threads

[spud] 30/6/2019 18:45

The seller must be desperate - They've been unloading for the past 8 months regardless of the inherent positivity. And a large holder to boot.Spud

[riverman77] 30/6/2019 15:33

Yes I'd be interested to know how the IC calculate a 40-50% increase in nav. Where are they getting these figures from?

[pavey ark] 29/6/2019 10:22

Well I've never been one for conspiracy theories but that 250k trade certainly kept a lid on things yesterday !!!

Given the news flow it is rather hard to believe that this large lump of shares would be offloaded like that.

The IC estimate of 40-50p increase in NAV makes this a rather silly situation given the already existing discount but the market usually/eventually sorts itself out.

The only cloud on the horizon is the mad (deranged!!) Telegraph readers voting for Boris.
As the very excellent Eddie Mair (Radio 4 anchor man)once said in an interview "you are just a nasty piece of work..."
But even with the most inappropriate prime minister in our history I suppose these houses still need to be built.

(God!!!.......Did I say "inappropriate"....not even close!!!")

Not really that far off topic here as this whole chaotic farce could have a serious effect on the market.

[crossing_the_rubicon] 27/6/2019 19:49

Touche!
Could say the same matey.

Oi oi savaloy. Guffaw.

[oi_oi_savaloy] 27/6/2019 16:33

Nice name 'crossing the rubicon' (the point of no return, 49bc as an aside, as you well know). Anyway; moving swiftly along (in my war chariot!)...Wicks is no fool - they've got quite a stake in energiser plc too and the CEO of energiser is now ceo of KCR Reit. KCR have bought some investments from Inland recently (last year or so from memory). I'm not sure that adds anything to this chat but thought I'd put it out there for everyone just in case they didn't know or was of interest.

[crossing_the_rubicon] 27/6/2019 11:31

P1966#

Different rules for some institutions it seems these days.

Everyone, no exception, should report a 1% move up or down over the 3% threshold ON THE DAY they do so imo. None of this report in a few days, or next week.

Same day.

With current technology this shouldnt be difficult.

[igbertsponk] 27/6/2019 11:13

I think there are traders who know his this share works. Always ticks up in advance of well signalled news. Then drops again as has never had institutional support. So always one to add on the dips and leave in your pension pot.Eventually they'll turn the NAV into cash: the CEO and CFO aren't getting any younger.....

[spob] 27/6/2019 10:39

yes, only one holding rns this year, back in march

[p1966] 27/6/2019 10:36

Correct me if I am wrong, but I thought that...If you hold over 3%, this has to be notified. Subsequently you have to notify any change of 1% (up or down). As 1% equates to c.2m shares, I don't see how this could impact the share price to a material extent - on top of which, we have not seen any such notifications.I am not sure if it would be possible to short any AIM stock of this size, as you would need an institution to lend the stock to the market maker.

[oi_oi_savaloy] 27/6/2019 10:10

Ongoing seller being the Regus owner (Dixon)?

[daneswooddynamo] 27/6/2019 09:08

Technical resistance. Ongoing seller. No new institutional buying through lack of interest.

[oi_oi_savaloy] 27/6/2019 08:56

Why is 70p such a barrier? Can anyone tell me? Is INL shorted alot or something?

[spob] 27/6/2019 01:19

I will post Simon's article in full next week, after the magazine buyers have had a chance to read it and take action.

[spob] 27/6/2019 01:17

Simon says the NAV increase actually reported by the company later this year is likely to be conservative. As is always the case.


Even if you are ultra conservative and halve those estimates to just +23%

this would gives an epra nav estimate of 127p and a discount of 46%

but remember the current epra nav of 103p is ALREADY a conservative estimate.


Whichever way you look at it, these are a bargain and there is much hidden value.

This is your margin of safety.

[spob] 27/6/2019 01:04

I expect this to break through the one pound barrier within the next 12 months

[riverman77] 26/6/2019 20:14

ST's IC article claims the recent planning approvals could see the NAV rise by 40-50%. For those with knowledge of the company, does that sound realistic?

[bwm2] 26/6/2019 16:36

Volume today was 1.9m cf average 568k

[oi_oi_savaloy] 26/6/2019 16:21

Selling off that 1,500 unit site poses issues (it's not a 'clean' site - they have an interest in 1,500 or so units but that's not the entire site, as they've said in the press release). I think that this site will be one they use to build out, to increase their reputation and 'anchor' the business (it'll create profit but more important cover the overhead of the business too) for years to come.

I imagine they will be busy looking for investors to buy some of the commercial now and also looking for tenants to take units (and then sell the commercial unit off, at a much greater amount due to the anticipated income that an FRI lease will generate).

They'll also be refinancing this deal too (and possibly taking 65% of the costs out - which includes the land value generated by the valuation) - which will pay for the build and with what's left over either pay down debt or buy other sites. The uplift that that planning permission has generated will be immense.

Just my thoughts - I might be totally wrong and it'll be announced that they've sold the entire lot to Clarion Housing Association (the people that bought their site in Alperton - paying £16mill for 145 units or 135 units). HA's have alot of money but don't do buying land very well (imo). A planning permission makes their assessment of value easier, even if they pay through the nose for it.

[yump] 26/6/2019 16:02

Only a few hours since the announcement though ! Its this intenetweb thingy makes me impatient. In the good old days an announcement came out one week, you read IC the next week and invested the week after...

[spud] 26/6/2019 15:58

And back down we go!

Until we clear the overhang and or manage to get some institutions interested, I'm afraid we're stuck trading a range.

spud

[yump] 26/6/2019 15:52

I guess its 'only' 70p ish today because the mm's will have marked it up to see if money=mouth.

[alter ego] 26/6/2019 15:48

I read it but then I paid to so I think Pavey Ark is right to hold off breaching copyright.

[mallorca 9] 26/6/2019 15:24

Pavey,

any chance of posting full article please ?

[djderry] 26/6/2019 14:40

Excellent news, completely undervalued company.