Inland Homes Share Discussion Threads

[spud] 29/7/2019 15:12

And facilitating another 80k dropped from our DS.

spud

[jaf111] 29/7/2019 14:35

Can I assume the midday rise was in response to another positive write up from Simon T in IC?

[p1966] 25/7/2019 13:18

And sign-off of the S.106 (x 2) must be imminent.

[spud] 25/7/2019 13:14

Agreed. Without the drag of the overhang, I guess we'd be nearer a quid & everyone would be happy. spud

[pavey ark] 25/7/2019 12:20

The trouble with INL is that investors(perhaps myself included) can't get their head round the fact that these shares are a bigger bargain at 66p than they were at 50p.

[jaf111] 12/7/2019 11:50

Completely in agreement with you spob re Telford........

[spud] 12/7/2019 11:50

Directors & KCR hold 27% so lets hope not!

spud

[spob] 12/7/2019 11:46

Have a feeling we won't see the benefit of these developments

The price is so low that someone could steal Inland away from us at a silly price which does not reflect the full value of the portfolio

I hope this does not happen


Just as they are trying to do right now with Telford Homes

The board of Telford Homes should all be sacked for approving a cheap opportunistic offer

[pavey ark] 12/7/2019 09:35

IS, the Walton park site took five years so I suppose they can see this taking a fair bit of time.
However they do have more than enough to be going on with and if the Wilton Park site is developed in a proper manner then planning for this second site would be easier.
Thanks for the info.

[igbertsponk] 12/7/2019 09:11

The second part of the site they are best to stay quiet. Massive local objections to that area being developed. At least until the road is completed and it's no longer the dog walking idyll.There are other larger owners of the big area to be developed. Mainly the Portman Estate (who I know a bit). They as a family office take a VERY long term view on things so won't be in a rush.So that area will get planning (the Council have zoned it) but will be a bit of a struggle. The houses won't be as flash as the Wilton Park ones either.Long term they'll be £200k a plot I expect.

[pavey ark] 12/7/2019 08:57

IgbertSponk, as you can see from my earlier posts I like to err on the low side but I still get figures for INL that make this current share price look silly.
The main point of my last post was that some people have raised the debt figure as a problem but it looks like it is being reduced rather dramatically.

There is the rather obvious possibility that the cash is simply recycled within the business and doesn't go to debt reduction but given that they bought Beaconsfield for £35m I think we have to concede that they know what they are doing.

On the subject of Beaconsfield I wonder if you could give us the benefit of your local knowledge and supply some background info on the second part of the site with the 250 plot potential.

I don't imagine INL will push their luck and immediately go for full planning permission but it does make me wonder what the full GDV of the site is.

[p1966] 11/7/2019 08:14

And in addition to the cash, hopefully those sale prices will be above current (EPRA) book value.

[igbertsponk] 11/7/2019 07:57

They'll average at least £750k for each of those Beaconsfield houses, so over £30m for the 43.

[pavey ark] 10/7/2019 21:51

I think I said before that this is the only company I hold that doesn't have net cash.
Given the land value and certainly after recent planning success I am unlikely to lose sleep over my holding here.

On the matter of cash I looked at the most recent results and they are for the half year up to 31st Dec.

With all the talk of the two big planning results I wonder if the two sales in April have now been ignored.
The bournemouth hotel sale may have been announced last November but the final deal and the cash came after the half year end as did the sale of land to the housing association in April.
The total for both is close to £30m.
Thanks to a rather informative post on here we now know that 43 houses on the Beaconsfield site will go up for sale this month and it looks like this sale could bring in £20m+.

I know that demolishing tower blocks and building roads costs money but it looks like £50m has been added to the kitty and if my sums and assumptions are correct the net debt has been reduced.

Been wrong before though !!

[davidosh] 08/7/2019 16:00

IgbertSponk.....many thanks for the added input.

[igbertsponk] 08/7/2019 14:28

Davidosh: those houses are on the bit of the site near the relief road. Planning was always based on retaining most of them (some have to go to build the road).There's little extra profit to be made in doing the upgrade work themselves.

[davidosh] 08/7/2019 14:24

I am not sure why they are selling those homes now unless they will make more than by redeveloping the land they stand on? Surely the style and age of those will potentially reduce the look and quality of the site and future house sale values?

[igbertsponk] 08/7/2019 14:23

The MOD left the site years ago so haven't used the houses for ages.Inland has got planning permission to extend all of these houses. Probably think there's not much more money to be made from extending them (compared to the other plots for new houses). So will sell them to people who will do them up. Owner doer-uppers and local small builders will snap them up straightaway.

[davidosh] 08/7/2019 14:19

Interesting at the tail of that story...Last month was a good one for Inland. The brownfield specialist now has 157 staff on the payroll, making it one of the largest employers in the area.

In June the company was given the green light to get going on the redevelopment of Wilton Park and the firm also won consent to build 1,700 new homes, offices and a school on Tesco’s former headquarters in Cheshunt, Hertfordshire.

Cheshunt Lakeside will be the Buckinghamshire developer’s largest regeneration project to date.

It will bring 1,000 new jobs into the area.

[spud] 08/7/2019 12:47

He's at it again with a 50ker. Some people are born to ignore opportunities & lose money .....spud

[crossing_the_rubicon] 08/7/2019 11:07

"Forty six houses previously let to service families will be on the market within the next month, the chief executive of Inland Homes Stephen Wicks told the Bucks Free Press this week. "


Any reason the MOD arent renting these any more?

I was under the impression our Armed Forces personnel have inadequate housing in many circumstances.

[pavey ark] 08/7/2019 10:00

dsct, thanks for that.

Now that does generate a fair bit of cash.

[dsct] 08/7/2019 09:23

This popped up on my news alert, which I don't think I've seen mentioned on here:


"Forty six houses previously let to service families will be on the market within the next month, the chief executive of Inland Homes Stephen Wicks told the Bucks Free Press this week. "

Alas, I sold 60% of my holding (purchased in 2010) in December 18 for just over 50p (near the year low ! doh !), so have missed out on the rise since, although I used the funds for the AJB IPO, so have done better there. I am, funds permitting, intending to re-purchase INL, but the shares I'm still holding are now a 'free-ride'.

I also came across this whilst Googling, and am pleased that INL don't/haven't got into this precarious position when dealing with Councils !

[spud] 08/7/2019 08:37

Indeed. They really can't do anymore than they're doing - Growing the business, growing the dividend & leading by example by investing their own money.If the seller doesn't recognise the signs then it's probably better he wasn't invested in the Market.This is one gigantic slam dunk if ever I saw one!spud