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% 51.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
50.00 52.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 124.00 3.70 0.79 64.6 116
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 51.00 GBX

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Date Time Title Posts
02/12/202109:51Inland Homes4,588
17/11/202022:49*** Inland ***8
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24/3/201008:05new issue inland...875

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Inland Homes (INL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-12-06 17:11:5451.005,0002,550.00O
2021-12-06 16:17:0051.702,4501,266.65O
2021-12-06 15:52:1851.701,934999.88O
2021-12-06 15:15:2751.701,934999.88O
2021-12-06 13:25:3250.885,5792,838.60O
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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 51p.
Inland Homes Plc has a 4 week average price of 49.50p and a 12 week average price of 45.50p.
The 1 year high share price is 64.50p while the 1 year low share price is currently 45.50p.
There are currently 228,213,545 shares in issue and the average daily traded volume is 153,923 shares. The market capitalisation of Inland Homes Plc is £116,388,907.95.
tole: https://masterinvestor.co.uk/equities/another-look-at-inland-homes-and-the-brighton-pier-group/Inland Homes (LON:INL) – Well I told you 'brownfield' was OK!You may well have missed it – the announcement on Monday that the major property group Land Securities has just pulled off a mega-coup in paying £190m for the U+I Group (LON:UAI).That company was one of my profiled stocks earlier this year (13.01.21 @ 63p set a Target Price of 80p*).So, I am delighted with the LandSec agreed bid of 149p cash almost eleven months later. That is a clear 136% improvement.Why am I mentioning this fact – Well the answer is that it is a player in the 'brownfield' sector and of similar size to my recently featured Inland Homes group, which is also a big 'brownfield' specialist.As I detailed last Friday, its shares are significantly undervalued, begging the question could another property sector 'biggie' also be looking to take it out of the scene?At the start of the week Inland issued a very bullish Trading Update, which helps to highlight further just how undervalued its shares really are at the current levels.Very increased dealing volumes this week – Over six times the average deals were completed on Monday after this group's Trading Update was declared – some 1.34m shares having been traded on the day. They closed up 7.5% at 50p.Then yesterday they edged even higher to 55p, before closing at 53.5p, after some 1.17m shares were traded.The average daily volume is around 200,000.Finals due in two months –The annual results for the year to end September will be announced in January, however Monday's Update spelled out significant progress in the group's strategy to reduce net debt and looking to maximise its land values as it pursues its 'asset light' capital management.It finished the second half of the year very strongly, with demand for its high-quality affordable housing more than doubling in the year from £23.8m to £56.5m in sales.The group's partnership side also did very well, while its order book has increased 56% to £164.7m.Confidence in the current year – With this Update boss Stephen Wicks stated that "The group has made significant progress in delivering its key strategic objectives. Net debt has decreased substantially, and we continue to look for opportunities to deliver value from our considerable landbank."The company continues to see sustained demand from investors, build-to-rent operators, registered providers and private house buyers for its land, the new homes it builds and the group's planning and building expertise.Wicks went on to declare that "We look forward to reporting further progress on our strategic priorities in the year ahead."My View – This group's shares are worth well over twice the current price on its net asset value basis.If a bidder started to stalk the company, whilst its shares are so undervalued, the price response would be swiftly higher than even Panmure Gordon's 119p estimated value.Now at just 53.5p the shares have some very appealing upside, certainly not to be missed.
tole: https://www.fool.co.uk/2021/11/01/3-dirt-cheap-uk-shares-to-buy-in-november/My third dirt-cheap share to buyInland Homes specialises in acquiring brownfield land and enhancing its value by securing planning permission for residentially-led development schemes. It builds open-market and affordable homes, and also profits from selling surplus consented land to other developers.The company has quite a high level of borrowings, due to a period of rapidly growing its land bank before the pandemic struck. This represents a risk. However, one of management's key objectives is "to continue the progress we are making on the reduction of our net debt," and I think Inland's current valuation is compelling.At the last reckoning, the company's net assets stood at £168m and the development value of its land bank at over £3bn. How much is the market valuing the assets and development value at the current share price? Just £107m. To my eye, there's considerable value in this small-cap stock waiting to be unlocked.
skinny: Land and build sale to leading housing association. https://uk.advfn.com/stock-market/london/inland-homes-INL/share-news/Inland-Homes-PLC-Land-and-build-sale-to-leading-ho/86184640 Inland Homes, the brownfield developer and housebuilder focused on building residentially led developments for direct sale or on behalf of partner organisations, today announces the sale, on behalf of the project investors, of 228 plots at the former Homebase site in Walthamstow to the leading housing association Newlon Build Ltd. The sale is for a total consideration of GBP22.5m and generates fees of GBP1.2m for Inland Homes. The Group has separately secured a build contract for Inland Partnerships to construct the 228 homes, adding GBP42.4m to the Group's forward order book for partnership housing and bringing the total number of homes under construction on behalf of third parties to 1,358. The Group acted on behalf of external investors in the land sale. As one of the Group's asset management projects, the project has been funded externally, with the investors benefitting from Inland Homes' expertise and experience in identifying and securing attractive, viable sites and achieving planning consent on these. The capital light nature of this funding model, together with the management fees earned at various milestones of the project, enable the Group to generate attractive and significant returns. Contracts have been exchanged and completed for 72 of the 228 residential plots. Contracts for the remaining 156 plots have been exchanged and will complete in early 2022. The Group is also pleased to announce that contracts have been completed by the project investors for the sale of 173 plots within the same development to London BTR Investment Holdings. This follows the exchange of contracts with the Build to Rent operator for 355 homes in June 2021, for a total consideration of GBP27.5m. Completion of the sale of the remaining 182 plots is expected by September 2022. As previously announced, Inland Partnerships is constructing these 355 private homes in what is its largest partnership housing contract secured to-date at GBP88.9m. Planning consent was achieved for the 583 homes at Walthamstow in April 2021. Following site demolition and preparation works, construction began in September 2021 and build completion is scheduled for 2025. The project is one of six currently within the Group's asset management division which together have the potential for more than 3,275 new homes. Chief Executive Stephen Wicks commented: "The sale of 228 plots at Walthamstow to a leading housing association, together with the build contract for Inland Partnerships to deliver these homes, further endorses the Inland Homes business model. Inland is once again demonstrating its ability to add value at all stages of a project: from identifying the right site and obtaining planning permission on behalf of investors to having the expertise needed to deliver homes on behalf of one of the country's leading housing associations. Transactions like these are helping Inland to deliver against its key strategic priorities: reducing our net debt, maximising the value of our land bank, growing the capital light asset management business and delivering homes which meet the market's needs in the most cost-effective way. We look forward to working with both Newlon and London BTR Investment Holdings to deliver this exciting inner-city regeneration project."
skyship: ST in the IC returns to massage one of his Tips. Closing para reads: "Admittedly, Inland's shares are trading marginally below the 57.75p entry point in my 2019 Bargain Shares Portfolio, but I can see catalysts for a share price recovery. That’s because as the group reduces borrowings then the financial risk embedded in the share price (which has led to an elevated equity risk premium) should start to unwind and drive a material narrowing of the 45 per cent share price discount to European Public Real Estate Association (EPRA) NAV of £223m (97.6p a share). I am also reassured that management has taken action to address the construction cost issues (some Covid-19 related) that contributed to a below par gross margin in the first half. Recovery buy." Happily I had the good fortune to sell a small position when the chart broke down through the very clear support at 59p/60p. Sadly CMC don't list INL otherwise I would have reversed my position with a short. ST doesn't make a very strong case; so if they do bounce tomorrow, perhaps a good opportunity to sell into the rise...
suetballs: House prices flying - inl share price cetainly isn't! Been here a long time and getting somewhat frustrated. Suet
p1966: ...and you are right to identify GLE; not just a house builder (14k plots, GDV 2bn, target 2k units delivered per year), but has a strategic land division (23.5k plots).What would support the INL share price? Reduction in debt? Further planning approvals?
spob: Exploit Inland’s hidden value ■ Significant Build to Rent sales. ■ Record land bank. Inland Homes (INL:58p), a south-east England-focused housebuilder and brownfield land developer, is trading far better than investors are giving it credit with the shares priced on a thumping 44 per cent discount to proforma European Public Real Estate Association (EPRA) NAV of £234m (103p a share). Importantly, a raft of recent deals should enable net debt of £138m to be paid down, thus unwinding the elevated equity risk premium embedded in the share price. Inland has announced two major sales to Build to Rent (BtR) funds in the past month alone including the £31.5m disposal of 123 units at its Centre Square development in High Wycombe that is scheduled to complete in March 2021. Half the consideration will be paid on completion and the balance in monthly staged payments before then, thus providing significant cash flow. Inland has also exchanged contracts on the £21.3m sale of 85 units at Buckingham House, High Wycombe to another BtR fund with completion slated in early 2022. Inland now has 415 private homes under construction and 1,302 partnership homes across 13 sites. A third of the £156m forward order book are private homes and commercial units. To put this into perspective, Inland sold 226 homes at an average of £287,000 in the 12 months to 30 September 2020, generating revenue of £65m, accounting for just under half the directors’ total revenue guidance of £135m. It's worth noting that net reservation rate per sales outlet increased sharply during the last quarter, driven by a combination of underlying demand in the marketplace and the Stamp Duty Tax holiday. The point is that Inland’s affordable private homes should continue to sell well, while at the same time the company de-risks revenue visibility even further through institutional BtR bulk sales and housing association partnerships. It’s the right strategy to pursue. Furthermore, Inland’s land bank of 11,045 plots is at a record high, of which almost 2,500 plots have planning consent, 2,800 plots are strategic land held under option at a discount to open market value, and the balance are in the planning or pre-application planning stage. This offers scope to continue to realise value from land sales, or through housebuilding activity. True, we need to wait for January’s results to ascertain the level of profitability as there are no earnings forecasts in the market. However, what’s clear to me is that as more sales are booked, and the balance sheet de-gears, then the unwarranted 44 per cent share price discount to NAV should narrow. Prior to the March stock market crash, the shares were priced on a 10 per cent discount to EPRA NAV. Interestingly, Inland’s share price appears to have completed a base formation, having traded in the 47p to 57p range since early April. A likely chart break-out opens the door to a rally towards the 80p previous resistance level. Trading at the 57.75p entry point in my 2019 Bargain Shares Portfolio, and with my standing dish first quarter seasonal housing building sector trade almost upon us (‘Alpha alert for housebuilders’, 3 January 2018), Inland shares are worth buying from both a technical and fundamental perspective. Buy.
skyship: Simon Thompson of the Investors Chronicle covers INL quite often - it was one of the stocks in his 2019 Bargain Portfolio. He wrote this update on 23rd March during the crash: ==================================================== Inland Homes (INL:40p), a south-east England-focused housebuilder and brownfield land developer, has reported a bullish interim pre-close trading statement that is completely at odds with the share price de-rating since I updated my 2019 Bargain Shares Portfolio in early February. Current reservation rates have been resilient, there has been no major change in buying interest or visitor numbers to sites in recent weeks, and the company should achieve 65 legal completions worth £17.5m this month, in line with budgets, from its £47.2m forward order book. Analysts at Panmure Gordon only factored in 177 completions for the whole of the 2020 financial year, so the order book mitigates earnings risk, as does the fact that first-time buyers account for the majority of sales, as reflected in an average selling price of only £250,000. In any case, partnership housing is Inland’s fastest growing activity, so is more important as it provides solid cash flow of £7m a month across five sites (all open) and insulates the company from any potential slowdown in open market sales. Inland’s blue-chip client base includes several leading UK housing associations, and negotiations are ongoing regarding further partnership opportunities to meet the untapped demand for new affordable homes. Panmure expects partnership housing sales to increase from £63m to £73m this year, a forecast fully supported by a £86m divisional order book. In addition, Inland generates more than £3m of annual income through brownfield activities, including temporary modular housing business 'hugg homes' which are let to local housing authorities. The balance of Panmure’s full-year revenue estimate of £200m is derived from land sales. Interestingly, Inland’s directors point out that “a number of significant profitable land sales are expected to conclude in the near future”. It could be transformational for the battered share price as it would further de-risk Panmure Gordon’s full-year pre-tax profit and EPS forecasts of £22.7m of 8.9p, respectively. Trading 65 per cent below last reported EPRA net asset value of 113p a share, on 4.5 times forward earnings and offering a 7.8 per cent dividend yield, Inland’s share price should bounce back well above my 57p entry point when the land sales complete. Buy.
igoe104: * IC - Simon Thompson - BUY Inland’s value proposition Shares in Inland Homes (INL:50.5p), a south-east England-focused housebuilder and brownfield land developer, were up 51 per cent on my recommended buy-in price when I updated my 2019 Bargain Shares Portfolio in early February. The stock market crash wiped out all the gains, and more. The holding is now 12 per cent under water, albeit more than 25 per cent ahead of the 40p level at which I last advised buying at when investor risk aversion was at heightened levels (‘Built for recovery’, 23 March 2020). Until the middle of March, Inland was well on course to deliver results in line with Panmure Gordon’s full-year pre-tax profit and EPS forecasts of £22.7m of 8.9p, respectively. However, the economic uncertainty caused by the Covid-19 pandemic has made major housebuilders cautious. Three of five major land sales that were due to complete by 31 March 2020 (Inland’s half year-end) were aborted. With a total sales value of £46.2m, the proceeds would have markedly deleveraged Inland’s net debt position of £150m. The absence of these land deals explains why the company reported a pre-tax loss of £7.2m on revenue of £59.6m in the six-month trading period, rather than a hefty profit. It’s worth stressing that Inland is still doing deals. For instance, it has just announced the unconditional sale of 94 plots at its flagship development site at Wilton Park in Beaconsfield to Bewley Homes, a specialist in high quality developments, at a premium to EPRA valuation. The sale is expected to complete in September and has been structured so that two-thirds of the [undisclosed] cash consideration is payable on completion and the deferred element payable within 12 months. In addition, Inland is “at an advanced stage on a number of land sales which are anticipated to exchange or complete in July.” Despite the hiatus caused by the lockdown, the company is still selling new homes, too. In the 12 weeks since 1 April 2020, it has booked 46 net new reservations worth a total of £21.2m and has forward sold a hotel under construction which will generate proceeds of £13.3m in early 2021. Inland is also being approached by housing associations and build-to-rent funds for bulk purchases of apartments under construction. Inland’s current partnership housing order book stands at £84.9m and this excludes a construction contract for £34m which is “at an advanced stage and is expected to be signed in July”. The point is that the value embedded in the company – proforma European Public Real Estate Association (EPRA) net asset value of £234.5m (103p a share) post the half year-end placing – is more than double Inland’s market capitalisation of £115m even though the directors have taken steps to bolster cash reserves and protect cash flows. For instance, Inland raised £9.4m in placing in early April to give it a cash buffer and has since renegotiated the terms for some loan repayments as well as deferring certain land payments. The company has reduced headcount by 11 per cent, too. So, although the Covid-19 induced economic downturn has created uncertainty, I feel that the perceived financial and operational risk embedded in Inland’s valuation is factoring in an Armageddon scenario that is highly unlikely to materialise. As positive news flow on land and housing sales emerges in coming months, expect the share price discount to EPRA NAV to narrow markedly. Buy
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
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