Inland Homes Share Discussion Threads

[oi_oi_savaloy] 14/7/2022 08:23

hxxps://www.propertyweek.com/news/survey-shows-a-gloomy-outlook-for-property/5121319.article

[master rsi] 14/7/2022 07:52

They only bought a few 15K yesterday as the price moved higher.....

Inland Homes announces that on 13 July 2022 it purchased 15,000 ordinary shares at 30.68 pence

[cielos] 13/7/2022 12:22

Further good news today
Construction was part of the sectors growing during in May


"The UK economy rebounded in May after shrinking in April and March, official figures show.

The economy grew by 0.5% during the month, the Office for National Statistics (ONS) said, higher than the flat growth most economists expected.

Every area of the economy expanded including construction, travel and manufacturing."

[master rsi] 13/7/2022 12:22

I hope the Management has evaluated the best way to get value for the shareholders by proposing to do another 1M buyback.

They must know the stage of any new sale of land, and how the company is doing going ahead. Brokers are expecting EPS of 5.1p, which means the shares are trading on PE of 6 and a huge discount to NAV 106.20p.

If they decided last April on the first buyback when the share price was 42 to 45p, sure there is much value now when is almost half that price.

[master rsi] 13/7/2022 11:47

Gecko

Not to worry about red mark, I have been around these boards for 22 years, so you get enemies after one tell them off in the past, must be a "blue" who has been doing it for the last week, most times there are not even shareholders on INL just to be nasty stalkers.
Glad you agree with my points

note:I see ticks
5 up
1 down (w@nker)
I get my revenge, that is easy

[spob] 13/7/2022 11:13

Be thankful for the fearful

they create bargains for the greedy

[geckotheglorious] 13/7/2022 11:06

Master RSI

Not sure why you got a red tick for post 4985
Your comments are spot on.

[master rsi] 13/7/2022 10:50

For the "doom-mongers" still playing -wolf- despite being flush OUT, not
to the toilet yet.

1 - Any buyback of shares at such a discount to NAV is a positive thing
    for the company and shareholders.
2 - Being fewer shares on the market represents in the end a higher NAV
3 - Buyback at 29p, while NAV of 106p represents a 365% increase in value,
    sure not able to get such an improvement on "working capital or paying debt.
4 - Your game is up, as there is always an agenda on "doom-mongers" posts."

[master rsi] 13/7/2022 10:00

So the company announced this morning another £1M share BUYBACK, as not much money was left from the last £1M, and buying £1 worth £5 is an opportunity not to be missed was their conclusion, or maybe just mine.....

Increase to Share Buyback Programme

Inland Homes today announces that, further to the Company's announcement on 19 April 2022, the Board has elected to increase the Share Buyback Programme which commenced on 19 April 2022 by up to an additional £1 million, to a maximum consideration of £2 million. All other terms of the Share Buyback Programme remain as announced on 19 April 2022.

[geckotheglorious] 13/7/2022 09:51

How is the buyback a vanity project.

They're doing what most companies fail to do.

Buying back their shares at a massive discount to NAV.

Of course the big question is how reflective of actual value of assets is the current NAV but its moot frankly given the massive stock price collapse.

If only the likes of Shell and other blue chips would buyback when their share price is low(rather than when it is at its zenith!!)

[master rsi] 13/7/2022 09:49

Share buyback of £1M is getting close to finish...

Not many buys 35K yesterday, but not much money left £17,773.36 of the 1M ........

Inland Homes announces that on 12 July 2022 it purchased 35,000 ordinary shares at 28.44 pence

[farrugia] 13/7/2022 09:11

It is not a vanity project. It is a necessity to keep the market cap healthy. besides the amount involved is small compared to the assets the company owns. They just need to keep selling plots for us to see value. And the more shares they pick up at these distressed prices the better the value for the rest of us.

[hugepants] 13/7/2022 08:55

umm..the company is highly profitable, it's on an enormous discount to nta which should be north of 112p by year end (cant recall ever seeing a property company at this magnitude of a discount). And net debt is reducing way faster than forecast. The only thing wrong with the buyback is its far too small.

[inlandinvestment] 13/7/2022 08:08

Oi OI ... couldn't agree more ... vanity project to stick two fingers up at the market as if trying to say that the market has valued the company incorrectly . Going to look stupid if they need to raise cash later this year

[oi_oi_savaloy] 13/7/2022 07:29

I just don't understand the rationale right now for the buy-back.

There are 226,071,367 shares in circulation. £2mill (or rather the newly announced £1mill and whatever is left of the original £1mill announced in April) is not going to make a jot of difference imo.

Perhaps that £2mill would be better deployed on planning costs, or working capital or the debt?

Interested to hear others thoughts.

[grahamg8] 13/7/2022 06:58

Either the NAV is around 100pps and this is a strong buy signal, or there are hidden losses and the buy back is a desperate attempt to halt the slide in the share price. Directors need to come clean about what is really going on.

[master rsi] 12/7/2022 15:42

Has inflation reached a peak?

oil prices are well down $95 from their high $118 about 19%
Metal prices have come down too, by 17% from peak
Shoppers have cut down on their shopping basket

With time inflation is going to fall fast
So no need for Interest rates to be rushed up

[cielos] 12/7/2022 15:17

>>>>>>> mention doom-mongers
A pleasure
Don't forget the one with plenty of - palava - reminds me of another liar the ex-PM
Yes - oi_oi - is a wolf alright, not to be trusted, the post was the last resort to let him know of being biased.

oi_oi_savaloy
FarnesBarnes
mallorca 9
shaker44

[master rsi] 12/7/2022 14:04

30 v 31p +2.30p

The doom-mongers managed their aim to bring the share price down.

Now some took advantage of the low price and buying large amounts.

There is always an aim for going that

Would someone mention those " doom-mongers " or wolfs in sheep's clothing.

[master rsi] 12/7/2022 11:22

so now up to a roller-coaster,
easy down easy UP

[master rsi] 12/7/2022 11:13

WINS has joined at the bid 28p, so 2 v 1
noticed they were paying up to 28.40p for sales earlier

11:39 WINS 5,000 28
09:10 JBER 5,000 28

[master rsi] 12/7/2022 09:34

A few small sales and offer goes to 29p by PEEL

[master rsi] 12/7/2022 08:55

A well-spaced buys during the day to a total of 85,000, with one bought when share price was at bottom low...

Inland Homes announces that on 11 July 2022 it purchased an aggregate of 85,000 ordinary shares at a volume weighted average price of 28.23 pence

20,000 28.77 09:11:56
20,000 27.74 11:20:43
25,000 28.00 13:03:30
20,000 28.45 15:22:27

[master rsi] 12/7/2022 08:22

The Market Maker at offer ( JBER ) has gone into the bid 28p after a couple of 25K buys and earlier 35K, one must be from the company

09:10 JBER 5,000 28p