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| 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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.0% | 8.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover (m) | Profit (m) | EPS - Basic | PE Ratio | Market Cap (m) |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 181.70 | 9.60 | 4.20 | 2.13 | 19.42 |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 8.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 11/9/2023 | 21:17 | ALNC |  IN BRIEF: Inland Homes subsidiary in breach of debt covenants |
| 11/9/2023 | 17:00 | UKREG | Inland Homes PLC Breach of loan covenant |
| 05/9/2023 | 15:01 | ALNC | Inland Homes and subsidiary Inland ZDP confirms co-founder departure |
| 05/9/2023 | 07:00 | UKREG | Inland Homes PLC Board Changes |
| 30/8/2023 | 09:59 | UKREG | Inland Homes PLC Possible breach of loan covenant |
| 03/8/2023 | 10:30 | UKREG | Inland Homes PLC Director Appointment & New Board Responsibilities |
| 24/7/2023 | 14:00 | UKREG | Inland Homes PLC Update on related party matters |
| 24/7/2023 | 13:42 | ALNC | Inland Homes appoints Jolyon Harrison as new CEO; buys NorthCountry |
| 24/7/2023 | 07:00 | UKREG | Inland Homes PLC New CEO, Board Changes & Proposed Acquisition |
| 20/7/2023 | 18:52 | ALNC | TRADING UPDATES: Iofina optimistic; Metals Exploration ups outlook |
Inland Homes (INL) Share Charts1 Year Inland Homes Chart |
|
1 Month Inland Homes Chart |
Intraday Inland Homes Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 31/8/2023 | 23:47 | Inland Homes | 5,500 |
| 06/9/2022 | 11:11 | *** Inland *** | 19 |
| 02/11/2015 | 14:26 | Inland - 2010 | 4,708 |
| 21/6/2010 | 14:31 | Inland PLC 26MAY2010 = RNS = ЈЈЈЈ | 56 |
| 24/3/2010 | 08:05 | new issue inland... | 875 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 31/8/2023 10:57 by greedfear I'd like to know who exactly are holders of INLZ because if those are very different from INL holders INL could be in for a nasty surprise.Factually INLZ is in control of INL's future. I expect a rollover but one where INLZ defines the terms and chances are those terms will be favorable for INLZ. I would not be surprised if it will be a partial payment in INL shares (improves equity of INL) and a partial roll over where (high) interest will be paid. What's bad for INL isn't necessarily bad for INLZ. |
Posted at 30/8/2023 09:50 by skyracer Inland ZDP PLC30 August 2023 Inland ZDP PLC Possible breach of loan covenant 30 August 2023 Inland Homes PLC is considering possible provisions to be made against certain asset values in its accounts with its auditors. The amounts of any such provisions, which have not yet been determined, appear likely to trigger a breach of the asset cover covenant applicable to the loan between Inland ZDP PLC and Inland Homes PLC. A further announcement will be made as soon as the asset values (net of any relevant provisions) have been determined. I guess as certain Inland assets covenanted as security against the INLZ loan are revalued downwards they cause the breach. How are Inland going to pay this loan off ?? INLZ shareholders will probably have to accept a rollover or get nothing but that rollover will be expensive for INL. If INL can get any half decent offer for the company they should accept IMHO. |
Posted at 28/7/2023 17:18 by grahamg8 Just so long as INL don’t lend him the £4m to pay for the shares. Thus transferring his debt from NorthCountry to Inland. Surely the size of the transaction relative to INL MCap plus it being a related party deal would trigger an EGM.The logic of the deal as explained is for NorthCounty to build low cost homes er in the North. And by implication asset strip INL in order to pay for it. As a shareholder I would prefer the business to be asset stripped and the proceeds given to me. Vote NO, NO, NO unless a very convincing explanation is provided that benefits the INL shareholders. |
Posted at 28/7/2023 13:03 by stemis If anybody has the email address of the INL company secretary they could always ask if the £4m outstanding in NorthCountry Homes for subscription for shares was paid before the acquisition by INL. I tried various permutations of his name as an email but they all bounced back undelivered.OK. Managed to get a reply from the company secretary through investor relations. Points out that the acquisition is proposed and is subject to all sorts of conditions, basically repeating the announcement:- The proposed acquisition is subject to legal and financial due diligence, agreement of a formal sale agreement, the obtaining of any required shareholder and regulatory approvals, restoration to trading on AIM of Inland Homes' existing shares and the admission to trading of the new ordinary shares to be issued for the proposed acquisition. Goes on to say the question will doubtlessly be raised as part of the financial due diligence and will require a satisfactory response (in the view of the non-conflicted Inland directors) for the transaction to complete. Other than that it is commercially confidential. Basically I don't know, but if I did I wouldn't tell you, however the independent directors will certainly want to know for it to complete. Bit weird... |
Posted at 26/7/2023 23:09 by okosling NorthCountry Homes Ltd (the company being bought by Inland Homes for £4m), information from the Companies House record:Incorporated on 19 July 2020 with a share capital of £1. First period end was an extended year, to 30 Sept 2021, in which they made a loss of £111,592. Then in the year ending 30 Sept 2022 they made a loss of £693,686. During that year, they issued 5.88m new shares for £6m, but only £2m was paid in cash, and the accounts show a debtor of £4m for called up share capital not paid. Whether this £4m has been paid since 30 Sept 2022 is anybody's guess. Also the profit since Sept 2022 is anybody's guess - but they had never made any profit up until then, so no positive track record at all. The acquisition doesn't look like a good deal for Inland shareholders unless good things have happened since the last published accounts. The net assets of the company at Sept 2022 were over £5m (of which £4m is the called up share capital not paid), so on that basis, £4m purchase price could be ok, but a lot depends on what has happened since then, and we haven't been shown any evidence that it can be a profitable business. |
Posted at 31/3/2023 13:59 by camerongd53 My investment in Inland is doing well down over 50%+. I am surprised that the related party issue is causing a suspension. As it is long standing issue I would suggest that the auditors issue a report with either a subject to or except for report. Auditors are there and paid to report in a timely manner and not to decline reporting.I think the decision by a former director to buy shares at half market price should be seen as a good sign which the market now appears to appreciate. If INL was going to be insolvent in he near future, he would not have bought any shares!! I am going to hold on and anticipate a higher share price in the future |
Posted at 30/3/2023 16:14 by geckotheglorious "Result of Direct Subscription"Announces that it has closed the direct subscription offer announced on 29 March 2023 (the "Subscription"), having raised £2.5 million with the issue of 25 million new Ordinary Shares ("Subscription Shares") at a price per Subscription Share of 10 pence (the "Subscription Price"), being the nominal value of the Company's ordinary shares ("Ordinary Shares"). The net proceeds of the Subscription will be used to fund working capital requirements within the Company. Application has been made to the London Stock Exchange for the admission of the Subscription Shares to be admitted to trading on AIM. Admission is expected to take place at 8.00 a.m. on 31 March 2023. The Subscription is conditional, in The Subscription Shares will, when issued, be credited as fully paid and rank pari passu with the existing Ordinary Shares, including, without limitation, the right to receive all future dividends and distributions declared, made or paid after the date of issue of the Subscription Shares. Related party participation in the Subscription Stephen Wicks, a founder of the Company, former CEO and the Company's major shareholder, has agreed to participate in the Subscription for a total of 25 million shares at the Subscription Price. Due to the fact that Stephen Wicks was a director of the Company in the last 12 months, he is treated as a related party of the Company for the purposes of the AIM Rules. The Directors consider, having consulted with the Company's nominated adviser, that the terms of the subscription by Stephen Wicks are fair and reasonable insofar as the Company's shareholders are concerned. So £2.5m of the £4.6m sought "Inland is pleased to announce that it has today launched a direct subscription offer (the "Subscription") for up to £4.6 million by the issue of up to 46,000,000 new Ordinary Shares ("Subscription Shares") at a price per Subscription Share of 10 pence" Stephen Wicks subscribes to 25m. Shares get suspended on 3rd April, yet he joins the subscription. Clearly once these "third party issues" are out of the way it's back to some kind of normal? |
Posted at 01/3/2023 07:15 by oi_oi_savaloy The share price will tank on the back of this rns..............but I think it's simply that Bennett had share-holdings in other companies that either sold land to INL or bought sites from INL; as to whether that influenced the prices paid etc remains to be seen but it's water under the bridge now..............WicI think there's an opportunity to make a few quid here - buy on the (significant) dip! (but it might not come back up quickly so bear that in mind.) It'll take deals to make the share price come back. BUT it'll be oversold, imo, on the back of this news. |
Posted at 04/8/2022 16:18 by oi_oi_savaloy No - what I'm saying is that it's either Des Wicks, a Director of Inland homes (INL), bought the site in his own name or Inland Homes itself bought the site.The site then got planning (either paid for by Des Wicks or Inland homes) and was subsequently bought by Taylor Wimpey. I'm trying to establish if des bought the site (and thus it wont affect the share price) or INL did, which hopefully, will affect the share price. |
Posted at 01/7/2022 17:28 by cravencottage For those that are interested...Inland serves up mixed bag First half pre-tax loss of £8.2mn due to losses on housebuilding and partnership homes construction activities Analysts maintain full-year pre-tax profit and earnings per share estimates of £14.4mn and 5.1p, reflecting profits from land sales and asset management activities Net debt reduced from £118mn to £96mn in six-month period Inland Homes (INL:39p), a south-east England-focused housebuilder and brownfield land developer, has reported a first half loss of £8.2mn on revenue of £80mn, but the board is maintaining full-year profit expectations that point to annual pre-tax profit rising from £13.3mn to £14.4mn. The first half result was dragged down by £10.9mn of combined pre-tax losses on housebuilding and partnership housing construction activities. A strategic shift to build houses rather than apartments meant that housebuilding revenue dipped from £39mn to £21.9mn on 20 per cent fewer unit sales, leading to a £3.5mn divisional pre-tax loss. A gross profit margin of 6.4 per cent is poor for the sector, a figure north of 20 per cent is the norm. Partnership homes performed even worse, delivering a pre-tax loss of £7.4mn on revenue of £33.5mn after accounting for an additional £4mn of costs to complete one contract and £1.5mn of credit losses. Post period end, one sub-contractor went into administration, but Inland has a parent company guarantee which it expects to be fulfilled, so no financial provision has been made in the accounts. The directors have put in place cost control processes to improve returns in both divisions, but Inland is up against market cost inflation pressures and supply chain headwinds. Indeed, the directors expect pricing pressures to impact partnership contract margins through the second half of this year and into 2023. Fortunately, the group’s land division (pre-tax profit of £3.6mn on revenue of £16.4mn in the first half), and asset management business (£1.8mn of pre-tax profit on revenue of £7.8mn) continue to perform well. Inland’s 9,161-plot land bank is in the South and South East of England, regions in the new homes market that remain strong and are seeing elevated interest from buyers. Proceeds from land sales helped drive down net debt by almost a fifth to £96mn in first half, and the directors are expecting a further £15-20mn reduction in the second half to 30 September 2022. Inland’s asset management business is also contributing to the debt reduction, generating £10mn of cash in the first half. The unit is managing five projects encompassing 2,600 new homes that are funded by external investors, earning management fees as milestones are met. Over the next 24-36 months, house broker Panmure Gordon expects Inland to receive £39mn of management fees, of which £7-8mn should be collected by the year-end. Reducing gearing levels is key. Current net borrowings of £96mn equate to 40 per cent of Inland’s EPRA net tangible assets (NTA) of £236mn (103.6p a share), or 55 per cent of IFRS NTA of £174.6mn (76.4p). 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 net asset value (NAV), were key bull points when I included Inland’s shares, at 57.75p, in my 2019 Bargain Shares Portfolio. The price subsequently hit a high of 94p in January 2020, in line with the target range (95p to 100p) I outlined (‘Options for bumper profits’, 24 September 2020). However, Inland’s operational performance has been far from plain sailing since the Covid-19 stock market crash, hence the failure of the share price to recover. Furthermore, the risk now is that the large housebuilding players temper their land buying activity if the UK economic outlook worsens. Not that it is an issue right now, but it would remove a prop from Inland’s profits and debt reduction programme if they do so. A return to profit in Inland’s partnership homes and housebuilding operations may take time, too, another headwind preventing a narrowing of the large share price discount to NAV. So, having last rated the shares a hold, at 42p (‘A trio of value plays’, 7 April 2022), I am calling time on the holding. Sell. |
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