Inland Homes Share Discussion Threads

[shanklin] 26/10/2020 08:09

Hundreds and hundreds of words but no indication at all on PBT or TBV.

[irishmatt] 26/10/2020 07:52

Bit cheeky to not mention the not so good stuff but overall the update shows things going in right direction

[spud] 26/10/2020 07:48

Nonetheless, a good solid update which should please the Market.spud

[inv] 26/10/2020 07:45

Failed to mention planning on extra housing at WiltonPark Beaconsfield now REJECTED

[thewheeliedealer] 13/10/2020 20:14

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes INL and our take on commercial property and housebuilders. We also chatted about loads of other Stocks and some Ideas for research, and the outlook for Markets and as usual a fair bit of educational stuff with regards to Investing.

Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 33) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD
@wheeliedealer

[skinny] 10/10/2020 11:31

Good point - I hadn't noticed that.

[skyship] 10/10/2020 11:26

Actually that was a false mark-up with a UT trade of c600 shares; so likely to open Monday back at 53p-55p.

Nevertheless that 55p barrier hopefully has to fall at some stage; perhaps with the upcoming Trading Update.

[skinny] 10/10/2020 11:11

Nicely clear of 55p with volume.


free stock charts from uk.advfn.com

[bwm2] 10/10/2020 10:13

Last year the trading update was on 15th Oct, so am looking forward to positive news next week

[suetballs] 09/10/2020 17:12

Nice finish.
Suet

[yump] 08/10/2020 23:12

Hmmm. Tower block suburbanisation - seems ideal to me. Although I guess the suburban privileged wouldn't want another potential tower block fire to spoil their view.

[spud] 08/10/2020 11:39

This is more like it!

spud

[mw8156] 07/10/2020 13:09

may not be such a bad outcome if the redevelopment at Hillingdon master brewer is delayed- they have other irons in the fire and strained working capital, much debt so would be a tall order to take this on presently.

[skyship] 07/10/2020 09:51

Thnx CJ. Hopefully INL can come up with some still profitable but lower density proposal.

[cousin jack] 07/10/2020 09:38

Sky: full article here. Saw it yesterday and meant to post then.

A housing development in Boris Johnson’s constituency has had its planning permission blocked after he said he opposed the scheme.

In February last year, when he was on the back benches, Mr Johnson objected to a proposal to build 514 flats in his outer London seat of Uxbridge & South Ruislip.

Hillingdon council initially rejected the application by Inland Homes for tower blocks at the Master Brewer site, noting in its decision that “the local member of parliament” had raised objections. Sadiq Khan, the mayor of London, overruled the council after the planning decision was called in by his office.


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However, in a letter sent to City Hall on August 20, the Ministry of Housing, Communities and Local Government said Robert Jenrick was ordering the mayor “not to grant permission on these applications without specific authorisation”. The development will consist of a series of blocks reaching 11 stories in height.

The communities secretary is considering whether to officially call in the decision. Mr Khan was said by a City Hall spokesman to be “disappointed” that he had intervened.


Analysis by The Times has found that house building in Uxbridge & South Ruislip ought to increase by 159 per cent under the government’s new planning reforms, with 446 new homes needed in the constituency a year. Mr Johnson has a majority of 7,210 — the smallest of any prime minister in recent times.

It comes amid growing disquiet among Conservative backbenchers over an algorithm that calculates where new developments should be built. The government is determined to push forward in its drive to construct 300,000 homes a year.

At prime minister’s questions last week Harriett Baldwin, Tory MP for West Worcestershire, said the government was “concreting down rather than levelling up” with Mr Johnson replying that No 10 wanted to give young people the chance of home ownership “for the first time in a generation”.

Mr Jenrick told Times Radio that there had been a “miscommunication” over the algorithm, arguing that there had always been a “methodology” for local housing plans.

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He said: “We are in the process of updating that methodology now and obviously we will listen to people’s views. We want to see a fair and sensible method that enables us to apportion housing around the country and meet people’s needs.”

One Conservative MP responded to the revelation that Mr Johnson opposed developments in his own constituency by saying that there ought to be “consistency” in the way that planning decisions were made.

Another senior backbencher said: “Five hundred homes is a mere bagatelle in comparison to what Jenrick has inflicted on me. I hope that the prime minister’s track record means that he is prepared to look again at this planning algorithm.”

In May the North Uxbridge Residents’ Association wrote to the prime minister warning him that the Master Brewer development was of “national significance” because it could set a “dangerous precedent for other, unsympathetic, multistorey blocks outside town centres”.

A spokesman for the Ickenham Residents’ Association said the project was not “gentle densification” but “tower block desuburbanisation221;.

The Times has also discovered that in March last year Mr Johnson applauded Hillingdon council’s decision to refuse planning permission for another 267-home development in his constituency. “I am delighted the planning committee has listened to our objections and together with the local community we were successful in our campaign,” he said at the time.

The government denied that Mr Jenrick had had any personal involvement in the matter, saying that “officialsR21; had issued the holding direction. A spokesman said: “The case is now being considered and no decision on whether or not to call in the application has yet been made.”

Inland Homes was approached for comment.

[skyship] 07/10/2020 09:24

Yes, would seem so. Though unable to read far down either in The Estates Gazette or The Times.

Is it a blanket refusal, or do they have to go through a few more hoops.

If a blanket refusal then what does that say about Johnson's Build Back Better slogan when he pressures for nimbyism in his own backyard!

[p1966] 07/10/2020 09:08

SKYSHIP, is it this? https://www.egi.co.uk/news/jenrick-steps-in-to-block-development-in-pms-constituency/

[mw8156] 07/10/2020 09:07

doesn't Jenrick have the final say, rather than the Mayor, persuaded by PM, whose constituency this is in, and who has a relatively small majority, that the plan should not go ahead in the present form. local residents are already proclaiming the result on Next Door though I would have thought a development on the site close to the Hillingdon Station would revive the area and the local shops all of which are a bit run down.

[skyship] 07/10/2020 08:30

There was certainly a bias toward rejection by the local council, hence it was sent up to the Mayor. Where else is this rejection becoming apparent please?

[mw8156] 06/10/2020 21:50

see there is now a bias toward rejection of their plan for the Master Brewer site at Hillingdon Circus in boris's constituency

[stevieweebie2] 06/10/2020 13:08

This could be why, either way im in again after a 6month break,
#
pinched off the TW thread


Planning changes: .

Break the dominance of major HBs.
More competitive market place.
Ease of planning for small builders.

All of which will impact current major HBs, together with Help to Buy ending for 2nd homes, as well as temp Stamp Duty hol. Today's speech shows the govn are unlikely to extend both of these.



Jenrick plans to break dominance of volume housebuilders

"Housing secretary Robert Jenrick has said he wants to use the government planning reforms to break the dominance of the volume housebuilders and will put more money in to the planning system."

"“So, the need for action is clear, and I hope the things we are putting forward in the white paper will create a more diverse and competitive market than we see today. That’s certainly one of the key missions that we’ve set ourselves.”"


"Small builders regularly cite planning difficulties as one of the main barriers to entry preventing them from growing. Jenrick’s comments come just weeks after it was announced that four listed builders are under investigation by the Competition and Markets Authority for potentially misleading customers over the sale of leasehold homes, and after years of concerns over the quality of new build houses."

[skyship] 06/10/2020 12:34

A sudden bounce back amidst some quite reasonable volume. Long may it continue...

[spud] 02/10/2020 13:42

Just a tax efficiency transfer:

The Company was advised on 1 October 2020 that Terry Roydon, non-executive Chairman, had purchased 150,000 ordinary shares in the Company ("Ordinary Shares"). On the same day, The R & H Trust Co. Ltd as Trustee of The Leon Roydon Foundation sold 150,000 ordinary shares in the Company ("Ordinary Shares"). Terry Roydon is a beneficiary of The Leon Roydon Foundation and is therefore interested in those shares. Following the transfer, Terry Roydon continues to have an interest in 357,500 Ordinary Shares representing approximately 0.16% of the Company's issued share capital.

spud

[bwm2] 01/10/2020 13:40

More good news flow so have topped up 50k but note that the purchase is showing as a sale so suspect others are as well