Inland Homes Share Discussion Threads

[qs99] 18/3/2020 16:23

Still not found any support. Is market telling us this could go under?

[master rsi] 18/3/2020 14:07

Update of volume trading and MMs games

Not sure about the MMs games at the moment, apart that they do not want to hold stock in their books so after a few sells their offer is lower, but any large buy they are up again.
But plenty of buying earlier and no movement at the higher price @ 35 v 35.50p.

The only reason I find to keep the share price lower despite the buying is they are keeping the price at the same level as the peer's fall/level.

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FTSE wants to move higher from the lows as are the Peer's

BDEV Barratts Dev. 401.40p -48.50p -10.4%
TW. Taylor Wimpey 105.50p -15p -12.45%
INL Inland Homes 34.00p -3.25p -8.7%

[daicaprice] 18/3/2020 11:51

That’s how I saw it Pavey Ark and why I’ve started accumulating again down here at these bargain prices.

DC

[maturo] 18/3/2020 11:37

Is there a war between 2 Market Makers?
the spread is narrowing 35.2-35.5

[pavey ark] 18/3/2020 10:54

I must be one of those silly people who actually went back and had a long look at the recent results.
The 30th of September was the absolute peak of borrowing and was certainly exacerbated with the buying out of their joint partner at Cheshunt.

The company did recognise the high level of debt and did set out their plans to reduce it.

The company also gave, in great detail, their borrowing commitments and funding detail at 3Oth Sept and after this date.

Having examined the debt situation I can not see any imminent need for fund raising by the company .

Applying a little bit of corner shop economics here.
If you have a large number of building plot in a number of individual parcels it should be very easy to sell off a few at big discounts to raise immediate cash....not suggesting they need to though.

Even if the doom mongers are correct it would not look good for any bank or financial institution to try and put pressure on a builder of brown field , low cost housing with a close working relationship with many housing associations.

Nothing has really changed regarding INL as their product (low cost housing in the SE of the country) is unlikely to go out of fashion.

NB I am not saying that fund raising will not happen but I would seem to have the advantage over others here by actually looking at the figures in some detail.

[master rsi] 18/3/2020 10:50

What is going on today's Trading

It looks like the market at the moment is being rigged for the MMs favor, nothing strange but more now.

Despite the late buying yesterday, this morning opening lower, so encourage sellers and some took the bate, then plenty of buyers, more than 3 times buys to sells, but the price still down on the day, not even level with the opening.

[leading] 18/3/2020 10:19

Pretty poor effort from the Board here. Its generally a good idea to put the finances in place before committing yourself to expenditure, not afterwards.

Result is the company will have to conduct emergency fundraising with, presumably, massive dilution of shareholders.

I guess the story is that there is a Big Man here and the Board would not stand up to him. Shareholders should sue the non-execs (but won't). What is the point of them? Is it just a lunch club?

What was the FD doing, allowing the company to get so over-extended. Ridiculous.

Anyway, its not listed companies that I feel sorry for. They have plenty of options. Can tap shareholders, bond markets or banks. Unquoted SME's don't have that luxury.

I think that if the taxpayer has to support listed companies he should take a portion of the equity and share in the upside of the survivors, because he will be on the hook for the businesses that fail. Shareholders need to remember that equity investing has risks. Taxpayer support should have a price.

Rant over.

[spud] 18/3/2020 10:06

Sold out a year ago. spud

[apatel21] 18/3/2020 09:56

You know when you are relying on a bid that things are looking ropey aka ACSO

[owenga] 18/3/2020 09:51

Funding is limited to £5m, so not going to make much difference to Inland.

[spot1034] 18/3/2020 08:47

Wicks is enough of a deal maker and has enough of a stake in the business not to want to sell very cheap, but you have to wonder whether having nursed this company through the banking crisis, built it up over the past decade yet never seen the value properly reflected in the share price, he might just be thinking that as he's now approaching 70 he's had enough of this and might want to leave the worry to someone else. He and Nish Malde still have an interest in ENGI which might benefit from more of their attention so they could still keep themselves occupied.

[spud] 18/3/2020 08:30

At such a low price I fear for a lowball breakup bid.

spud

[shanklin] 18/3/2020 08:29

The loan scheme announced by the Government yesterday seems an ideal way for INL to ensure its business survives should it run into a cash issue.

[p1966] 18/3/2020 08:29

A further mark down in the share price (on apparently not very large volumes?), but the rest of the house building sector is down, too. Hence, I don't believe that INL is being singled out. I don't know what will happen over the next 6-12 months, but am confident that management will be doing their utmost - they came through the 2008 crash and also the disruption of Brexit. Good luck all.

[bwm2] 18/3/2020 06:33

Master RSI
Many thanks for your replies which were evocative

[master rsi] 17/3/2020 17:53

malloca 9 - The PUMP when IN and DUMP when OUT - Shame on YOU
Posting on other threads and tipping INL when is Holding the stock.......

mallorca 931 Dec '19 - 11:00 - 10260 of 10382 - PMG, anyone heard of it??
Did anyone act on my Inland Homes tip(INL).
It continues to move higher.
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mallorca 9 - 08 Jan 2020 - 09:22:55 - 10268 of 10383 - PMG, anyone heard of it?? - PMG
Inland Homes INL , breaking higher again.
Take a look !
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mallorca 9 - 20 Feb 2020 - 12:18:24 - 10357 of 10383 PMG, anyone heard of it?? - PMG
Lovely fat dividend banked this morning at Inland Homes .. INL

and PUMP here

mallorca 9 - 22 Jan 2020 - 15:59:13 - 3460 of 3792 Inland Homes - INL
Congrats to all those who banked a profit - that is what it is all about !
I'm holding all of mine as I see this doubling from here relatively quickly.
Can hardly see any mid term risk to the share price
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mallorca 9 - 31 Jan 2020 - 07:51:20 - 3541 of 3792 Inland Homes - INL
I actually see INL being taken out by a larger competitor at a significant premium for shareholders.
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mallorca 9 - 31 Jan 2020 - 11:24:58 - 3566 of 3792 Inland Homes - INL
'Exceptionally strong demand from housing associations underpins continued strong growth with 921 homes currently under construction (30 June 2018: 220)'
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mallorca 9 - 01 Feb 2020 - 10:48:35 - 3590 of 3792 Inland Homes - INL
Just about recovered to break even yesterday - think we should call it quits .
Double or nothing that we hit a new all time high next week !

Sev ...thanks for the thoughts above. I totally agree. I have always seen INL as a takeover target but I feel that it will be for around £500m when it happens - so circa 2.5 x today's share price.
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mallorca 9 - 25 Feb 2020 - 13:21:15 - 3686 of 3792 Inland Homes - INL
I added again - at 82p.
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Being NEGATIVE once SOLD.....

mallorca 9 - 14 Mar 2020 - 10:43:11 - 3744 of 3792 Inland Homes - INL
I should declare that I sold out of these on Friday.
As all should know, INL has been a big holding for me and I love the Company prospects however

I am very worried about cash flow as many predicted sales may now be pushed back and I am worried about the Companies liquidity .. also,
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mallorca 9 - 16 Mar 2020 - 09:33:19 - 3749 of 3792 Inland Homes - INL
The problem is cashflow and workforce shortages.
This virus thing hasn't even got going yet.
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mallorca 9 - 16 Mar 2020 - 09:46:03 - 3751 of 3792 Inland Homes - INL
spob,
all will soon be on lockdown.
The governments new emergency powers include compulsory land purchase for carrying out mass burials.
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mallorca 9 - 16 Mar 2020 - 11:23:56 - 3759 of 3792 Inland Homes - INL
Guy's
I do not want to scaremonger ..
The facts are pretty consistant from country to country …
Circa 60% of the population will contract the virus,
1% of those will then die. Do the maths yourself.
I estimate circa 400k deaths in the UK and circa 1.8m deaths in the USA.
There will be around 400k deaths in the UK.
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mallorca 9 - 17 Mar 2020 - 10:43:52 - 3782 of 3792 Inland Homes - INL
To me it is a bit worrying that the Co hasn't reassured investors re liquidity.
Having said that , you could probably criticise all Co's for that.
thanks to the secretary for the research

[master rsi] 17/3/2020 17:44

Something is not right on looking at volume there is 1/3 more buying than selling.
Someone is not reporting a seller by the looks of it

Buy Vol. --- Sell Vol.
1,040,944 -- 660,992

[solarno lopez] 17/3/2020 17:33

Everyone seems to have forgotten about 1976 when the Natwest whose share price had reached 6 old pence issued a statement saying they weren't going bust !!

[master rsi] 17/3/2020 17:25

bwm2

re - Would you know the % drop in 1987

the figure for 1987 black Friday was a fall of 36%
That is very close after yesterday low of the day 34.5%

high 7480 at the day of starting
low 4899 yesterday low
lost 2581 points : 7480 = 34.50% fall

[manrobert] 17/3/2020 17:09

i see Berkeley group have cancelled din.could inland cancel div due to be paid in june??

[master rsi] 17/3/2020 16:15

bwm2

re - Would you know the % drop in 1987

I can tell you that the so called Black Monday
The FTSE 100 fell by 10.8pc on 19 October 1987 itself, and 12.2pc on the following day.
It took the market 648 days to get back to the same level it was at on the last trading day before the crash.

I may have time later to calculate the low from that date.

[master rsi] 17/3/2020 16:10

Difficult to understand that the share price is holding at these prices when there is so much buying @ 39 v 40p

unless there is a seller that later will come as delayed trade

[maturo] 17/3/2020 15:34

Managed to get some at offer 39p, nothing better said the broker.
I can see all paying the same.

[bwm2] 17/3/2020 15:20

Master RSI
Would you know the % drop in 1987
Thanks

[master rsi] 17/3/2020 15:17

There are signs that the market wants to bounce from this morning lows