Share Name Share Symbol Market Type Share ISIN Share Description
Inland Homes Plc LSE:INL London Ordinary Share GB00B1TR0310 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.50 -7.0% 46.50 1,475,304 16:35:07
Bid Price Offer Price High Price Low Price Open Price
47.00 49.00 50.00 44.00 50.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 147.90 25.00 11.79 3.9 94
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:34 O 5,000 46.00 GBX

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Date Time Title Posts
28/3/202023:34Inland Homes3,900
10/10/201909:32*** Inland ***7
30/4/201811:25Inland Homes interview with Hardman & Co1
21/11/201711:22Inland Homes INTERVIEW with Hardman & Co1
02/11/201514:26Inland - 20104,708

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Inland Homes Daily Update: Inland Homes Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker INL. The last closing price for Inland Homes was 50p.
Inland Homes Plc has a 4 week average price of 32p and a 12 week average price of 32p.
The 1 year high share price is 94p while the 1 year low share price is currently 32p.
There are currently 202,123,621 shares in issue and the average daily traded volume is 1,173,234 shares. The market capitalisation of Inland Homes Plc is £93,987,483.77.
master rsi: Housebuilders are too cheap, Jefferies says - 19 Mar, 2020 15:57 UK housebuilders are too cheap, Jefferies said as the broker placed 'buy' ratings on almost all sector stocks after big share price falls caused by the coronavirus crisis. Jefferies' analysts cut their earnings estimates for housebuilders and building products suppliers by an average of 15-25% for the current year. But at valuations not seen since directly after the Brexit vote in 2016 shares prices are too low for a sector expected to achieve a return on capital of 20% or more. Share prices in the sector had fallen by 50% in the past month as investors were gripped by fear about the effect of the Covid-19 pandemic on housebuilders.
master rsi: 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. ------------------ 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%
p1966: 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.
master rsi: 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. ----------------- 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 ! ------------------ 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 -------------- 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. -------------------- 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)' ------------- 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. -------------- mallorca 9 - 25 Feb 2020 - 13:21:15 - 3686 of 3792 Inland Homes - INL I added again - at 82p. ------------ 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, ------------------------ 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. ------------------------ 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. ------------ 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. ---------------- 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
pavey ark: bwm2, you were going to go to France on Friday !!!! Let me say again , you sold some share for "peace of mind" and yet you were going skiing in France (or indeed anywhere!!). Now it seems you would like this company to tell you that it's OK to buy the shares again. The share price has fallen because of uncertainty. Whither the sellers are smart or irrational only time will tell but the current price must be considered when making any decision.
sev22: 2019 BARGAIN SHARES UPDATE BY SIMON THOMPSON IN TODAY'S INVESTORS CHRONICLE: INLAND HOMES. Aim: Share price: 87.2p Bid-offer spread: 87-87.4p Market value: £178m Website: Inland Homes (INL), a south-east of England-focused housebuilder and brownfield land developer, has reported a raft of positive news in the past 12 months. At the end of the 2019 financial year, the company reported a record land bank of 7,796 plots of which more than 3,000 plots have planning consent and a further 3,533 plots form part of Inland’s strategic land bank, the majority of which is held under options that are exercisable at a discount to market value. The total land bank has a gross development value (GDV) of £2.4bn, a strong indication of the bumper profits to be released when the plots are either developed or sold on to larger housebuilders. The decision to buy out the company’s joint venture partner at Cheshunt Lakeside, Hertfordshire, after the local authority granted planning consent last year, is likely to prove a shrewd and highly profitable decision. Inland controls 1,253 plots on the site with a GDV of £429m and Inland’s directors are evaluating their options to develop it as well as their flagship 100-acre development at Wilton Park, Beaconsfield. Wilton Park has been granted formal planning consent for 350 homes (GDV of £288m) and there are provisional proposals for further development on the site which could provide an additional 250 homes and 18,500 sq m of commercial space. Inland now has 892 private homes and 921 partnership homes under construction, and is in discussions with build to rent operators to enter more deals that will reduce the company’s borrowings – Inland has net debt of £152m – and release capital to invest back into the business while at the same time further de-risking the forward sales pipeline. For instance, the company has just signed a contract with Octavia Housing, a leading provider of affordable housing, for the development of Afrex House, in Alperton, north-west London. The development of this former light industrial site into 31 one, two and three-bedroom apartments will support the broader regeneration of the Alperton area. Annual results released last week revealed that the company’s European Public Real Estate Association NAV rose 13 per cent to £233m (113.6p a share) and pre-tax profit surged by more than a quarter to £25m, of which half represented a valuation gain on the Cheshunt site. However, I maintain my view that the Wilton Park and Cheshunt Lakeside flagship developments have scope to create £100m of additional value for Inland’s shareholders over time, a sum equating to more than half the company's current market capitalisation. A 3.1p a share annual payout produced a decent dividend yield of 3.5 per cent, too. BUY.
sev22: I am really surprised that investors are selling out and consequently the price is being marked down. 'Housebuilder Inland Homes has reported a "period of major progress" with its land bank rising to its largest ever level. Inland Homes turned over £147.9m in the 15 months to 30 September 2019. In the previous financial period – the year to 30 June 2018 – revenues were £147.4m. Pre-tax profit for 2019 hit the £25m-mark. Chief executive Stephen Wicks said: "This has been a period of major progress, with strong momentum across the group. "We now have our largest ever land bank, controlling more plots with planning permission than at any other time, as well as seeing a continued expansion in the number of homes and partnership homes we are building." Total land holding at the period-end was 7,796 plots, up from 6,870 at the end of its 2018 financial year.' Ironic really on the day Brexit goes ahead. Onwards and upwards. I think the share price will move towards £1.00 in the next few weeks.
igbertsponk: Suspect that as they've not hit the directors bonuses share price target they're having discussions with the Rem Committee about how to extend to give them the moolah they rightly deserve. Not their fault (they'll argue) that the share price is lagging the NAV so much...
spob: previous article - dated June 10 Inland Homes wins major planning consent Simon Thompson June 10, 2019 Inland Homes (AIM:INL:62p), a leading brownfield developer, housebuilder and partnership housing company with a focus on the South and South East of England, has been granted planning permission, subject to the signing of a s106 agreement, on its flagship site, Wilton Park in leafy Beaconsfield, Buckinghamshire. This is a very affluent area of the country that is located within 23 minutes to London Marylebone by rail, and offers quick access to the M40, too. Furthermore, gaining consent is a significant step forward for the long awaited development of the 100-acre site, described by upmarket estate agency Savills “as the best residential opportunity in southern England.”Planning permission will enable delivery of 350 homes, as well as commercial and community space within a parkland setting, with an estimated gross development value of £350m. A further part of the site is subject to a draft allocation for development, which could provide up to 250 additional homes and 200,000 sq ft of commercial space. Inland’s management team is currently considering their options for the site, but no matter whether land is sold off as parcels, developed in house or through a joint-venture partnership, the planning consent will lead to a major increase in the carrying value of the site. In the meantime, the site continues to generate annual rental income of £1.5m from residential and commercial occupiers. To put the magnitude of the potential profits from this site in to perspective, Inland acquired the former Ministry of Defence site five years ago for £35m, including deferred consideration. Once developed, and based on a 25 per cent gross margin and an 80 per cent profit share, I estimate this implies a post-tax profit north of £50m for Inland, adding a thumping 24p per Inland’s shareholders’ equity, or 40 per cent of its current share price. I would stress that these are my forecasts as analysts have yet to update their models. Moreover, there could be further good news on the planning front later this month, as Inland’s delayed planning decision at Cheshunt Lakeside, Hertfordshire is scheduled to be heard on 25 June 2019. The site is located just outside the M25 and only 27 minutes from London's Liverpool Street station by train. In June 2016, First Property entered into a joint venture whose purpose was to acquire a site in Cheshunt, Hertfordshire, obtain planning permission and ultimately sell the land. Under the terms of the joint-venture agreement, Inland has an obligation to fund 50 per cent of the costs of the site and is entitled to receive 50 per cent of the net returns. Planning application for 1,853 units was recommended for approval by the planning officers, but the planning committee of Broxbourne District Council resolved to defer the decision, requesting clarification on a few matters (for instance, car park allocation). Inland is hopeful of winning approval at the forthcoming hearing later this month. A positive decision on that site will result in another significant increase in its valuation. Bearing in mind the timing of thee planning decisions, Inland will release a pre-close trading update in early October 2019 in order to be able to offer greater clarification on their financial implications, having sensibly decided to move its next financial year-end from 30 June 2019 to 30 September 2019. In the circumstances, it’s hardly surprising that Inland’s shares have reacted positively. Even before factoring in any valuation uplifts the company’s market capitalisation of £127m is 40 per cent below Inland’s end 2018 European Public Real Estate Association (EPRA) net asset value (NAV) of £213m (103.6p per share). The potential for the realisation of substantial gains on the company’s land bank as it passes through the planning process, and an attractive share price discount to NAV, were major bull points in the investment thesis I outlined when I included Inland’s shares, at 57.75p, in my 2019 Bargain Shares portfolio. Strong buy.
spob: Inland Homes’ urban village Simon Thompson June 26, 2019 Inland Homes (INL:68p), a leading brownfield developer, housebuilder and partnership housing company with a focus on the south and south-east of England, has been granted planning consent to create a new urban village of 1,725 homes and 19,000 square metres of commercial space at Cheshunt Lakeside, Hertfordshire. The site is located just outside the M25 and is only 27 minutes from London's Liverpool Street station by train. It’s a significant milestone after Inland entered into a joint-venture partnership to acquire the site in June 2016 with a view to obtaining planning permission and ultimately selling on the land. Under the terms of the joint-venture agreement, Inland has an obligation to fund 50 per cent of the costs of the site and is entitled to receive 50 per cent of the net returns. Together with its joint-venture partner, Inland owns and controls 1,253 of the 1,725 consented residential plots and 4,905 square metres of commercial and educational space within the Cheshunt masterplan area, which has an estimated gross development value of £620m. Inland is the lead developer on the broader masterplan, and is working with the council to deliver it. The planning approval highlights Inland’s strategy of acquiring quality land in areas of high demand, adding significant value by securing planning permission, and then generating value for shareholders through a mix of selective in-house development and by providing a turnkey solution for development partners. Analysts at house broker Panmure Gordon expects the site to be cleared in late summer/early autumn and first delivery of the housing scheduled for mid to late 2021. Taken together with the planning consent gained on Inland’s flagship site at Wilton Park, Beaconsfield, which I covered a fortnight ago ('Inland wins major planning consent', 10 Jun 2019), we can now expect Inland’s end 2018 European Public Real Estate Association (EPRA) net asset value (NAV) of £213m (103.6p a share) to increase sharply when it releases a pre-close trading update in early October 2019, having sensibly moved its next financial year-end from 30 June 2019 to 30 September 2019 to be able to offer greater financial clarity on the Cheshunt Lakes and Wilton Park developments. Analysts are holding fire on upgrading their financial estimates, but it’s clear to me that these two flagship developments have the potential to create additional value in the order of 40 to 50 per cent of Inland’s last reported NAV, albeit the company is likely to be more conservative in its valuation approach in the 2019 accounts. The point is that with the shares trading on a 34 per cent discount to NAV per share prior to analysts releasing significant upgrades, the potential for a material increase in the carrying value of Inland’s two flagship developments is simply not being priced in, nor is their near-term profit potential if Inland decides to sell on parcels of land to major housebuilders. There is undoubtedly demand given the proximity of both schemes to London. The likely realisation of substantial gains on the company’s land bank as it passes through the planning process, and an attractive share price discount to NAV, were the key bull points in the investment thesis I outlined when I included Inland’s shares, at 57.75p, in my 2019 Bargain Shares Portfolio. The company is clearly delivering. Trading on a bid-offer spread of 67.5p to 68p, valuing Inland’s equity at £140m, I continue to rate the shares a strong buy and introduce a target price of 95p to 100p. Strong buy
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