Inland Homes Share Discussion Threads

[norbert colon] 21/10/2019 13:32

https://www.hydrock.com/news/hydrock-engaged-former-ford-plant-dagenham/

[quidzinn] 16/10/2019 16:03

oh dear oh dear ... 90p ? no 75p ...

Q

[manrobert] 16/10/2019 15:28

good job the update was brilliant.

[mallorca 9] 15/10/2019 17:52

I had no problem at all in happily adding today.

[shanklin] 15/10/2019 15:10

Much more interesting is the possibility of Hugg Homes being deployed in places where the per unit rental would be far greater.

As per

"Nurses, teachers and rail workers struggling to find affordable homes could benefit under an innovative scheme from property group Inland Homes (INL). Its prefabricated two-bedroom units are built at a factory in North Yorkshire then transported on a lorry. Known as Hugg Homes, each one costs £55,000 to build – and is guaranteed for at least 60 years. Annual rents are £8,000 in Southampton but would be around £16,000 in parts of London, providing a tidy income for investors. The well-equipped homes are already generating annual rental income of £500,000 a year for Inland. Its chief executive Stephen Wicks is in talks with the NHS, schools and Network Rail about using surplus land to erect more."

[davebowler] 15/10/2019 13:37

''Our fledgling temporary modular housing business, Hugg Homes, secured a pre-let to Broxbourne Council for 32 units at Cheshunt during the period, bringing the total number of Hugg units currently operational to 54 and producing gross rental income of circa GBP500k per annum. We provide local authorities with a high-quality alternative to bed and breakfast/hostel accommodation at a considerable saving to the taxpayer whilst using Brownfield land waiting for planning permission. Councils across England spent approximately GBP1bn in 2017-18 on temporary accommodation, indicating a significant market for Hugg Homes.''

[yump] 15/10/2019 11:28

I've top-sliced a few on the basis that the good news might be in the price and a nice profit from around the bottom. Plus a bit of cash might be handy given the politics at the moment.

Hopefully the rest of my investment will end up at 100p+ !

[sev22] 15/10/2019 11:19

(Alliance News) - Inland Homes PLC said Tuesday that trading for the 15 months to the end of September was in line with management expectations, supported by a strong rise in partnership housing.

In June, Inland Homes changed its financial year-end to September 30 from June 30. The housebuilder said at the time that it was important to "capture as much value as possible following significant planning decisions".

For the 15-month period ended September 30, revenue was GBP151 million. Inland Homes said this compared to GBP150 million in 2018, but didn't specify the financial year-end for the comparison period, nor whether it was a 12- or 15-month period. A spokesperson for Inland Homes could not be reached immediately for comment.

A year ago, Inland Homes reported its revenue for the financial year ended June 30, 2018 at GBP147.4 million.

A sharp rise in Inland's partnership housing equivalent units to 339 on September 30 from 82 as at June 30, 2018 was balanced out by a fall in open market completions to 200 from 275.

The fall in completions was due to a fall in private housing completions - to 130 from 275. This was a result of a significant number of large scale apartment developments being constructed, for which occupations can only be achieved on the handover of completed blocks.

As at September 30, Inland Homes had a total land bank of 7,796 plots, of which 3,068 have planning permission. The gross development value of the group's entire land bank now exceeds GBP2 billion, it said.

Looking ahead, Inland said there is strong demand from housing associations for the delivery of "turnkey" projects, while the requirement for affordable homes remains high on government and local authority agendas.

The group believes that it is in a strong position to grow its partnership housing business on its current land bank.

"The business is performing well at all levels and we are laying the foundations for significant future growth. With the benefit of our new planning permissions and the momentum that has been achieved, we are now well set to increase the scale and breadth of the business," said Chief Executive Stephen Wicks.

Inland Homes will report its results for the 15-month period in January 2020.

Shares in Inland Homes were down 0.5% at 79.00 pence on Tuesday in London.

By Dayo Laniyan; [e-mail]

[mallorca 9] 15/10/2019 08:33

What an update !!

[bramcych] 15/10/2019 08:31

ST will cover INL again and the price will move sharply higher

[jaf111] 15/10/2019 08:01

Could they not have at least given an indication of the new EPRA? Surely this Is the critical number.....

[spud] 15/10/2019 07:57

The gross development value of our entire land bank now exceeds £2bn. spud

[peter27] 15/10/2019 07:50

Very high borrowing so - rights issue or sell assets or the company? Now they have PP on the big parks how will it be funded?

[mattafc] 15/10/2019 07:34

Swing out sister day!"These two consents will lead to a considerable increase in the EPRA value of the Group's assets and provide a significantly improved pipeline for our business activities. We are evaluating routes to enable us to develop these projects to maximise the returns for our shareholders."

[spud] 11/10/2019 15:28

Pretty sure David. spud

[shanklin] 11/10/2019 15:20

Much easier if they are at the next desk

[yump] 11/10/2019 15:00

Its a tricky business, phoning or emailing a company to find out when an update is due isn't it ?

[shanklin] 11/10/2019 14:54

Weird that INL is not up 10% as per many of the other housebuilders

[davidosh] 11/10/2019 10:05

Spud.....Are you sure about 1001011 or just guessing?

[spud] 11/10/2019 09:03

Just like TB posting as 1001011 on the ACSO thread. spud

[housing investment] 11/10/2019 08:46

Shanklin ... in case it gives the wrong impression im not anything to do with Inland . I simply dropped a line yesterday. No special knowledge.

[shanklin] 11/10/2019 08:37

LOL, interesting to see INL now posting on this thread?

[spob] 11/10/2019 08:33

well no statement this morning means Monday at the earliest

Monday the 14th is not early October