Eadwig
18 Oct 2019
Patience required (repeat 1000 times) dbatey22: But I have held these even longer so am sitting on a nice profit having bought originally under 20p Well done indeed. My problem was always that i came late to the party and bought too high and catalysts promised by various governments to support smaller builders didn’t come to anything (plus the major contractor problem which essentially held progress up a year or so) So i spent most of my time trading my position to get the average price down and eventually exited just before I would have got a reasonable pay off as the price rose higher than I expected. A lot of hard work to exit with a small profit eventually, when I should have made a decent return (double figure percent per year of holding). Not the fantastic profits you’re sitting on, but I did make those in the majors during this last growth cycle, so can’t complain overall. When I took those profits I though INL could push on a lot further (and maybe will yet) but as the thread says, the thesis was right but I wasn’t patient enough. We live and learn!
dbatey22
17 Oct 2019
Patience required (repeat 1000 times) I share your pain. Each time I top slice a holding it seems to go up within a week or two. But I have held these even longer so am sitting on a nice profit having bought originally under 20p. But I see more upside after the very positive statement this week. I have top sliced on the way but am in for the long term as I see a good strong management team delivering good growth. DB
Eadwig
08 Oct 2019
Patience required (repeat 1000 times) Held these since about 2015 on promises of more money for social housing and a very, very low P/E and good PEG ratio etc etc etc Sold out this summer, taking a very small profit and had divis over the years. Partly in frustration, but also needed to reduce my exposure to the UK housing market … I just needed to hold that little bit longer …
dbatey22
23 Sep 2019
New Planning Permissions More deals announced today. I think the results from this 15 month year will look really good. Roll on a trading statement next month followed by full results. Their NAV should have rocketed compared to last year. And that won’t do the share price any harm. DB
dbatey22
26 Jun 2019
New Planning Permissions Two really great announcements from Inland this month. First Beaconsfield with a GDV of £350m and now the Cheshunt one for £620m. So that is almost £1bn in GDV from two of their projects alone. Pretty good for a firm with a MC of £130m and an EV of under £200m (from memory). I think I need to top up again. But as it is already one of larger holdings I need to think carefully. DB
sandpmag
07 Jun 2018
Re: Director Deal I see why the directors have been buying recently, and they seem confident they can build 1,000 homes a year which should make a big difference to the income (and share price).This is a good management team, I have confidence in holding for the foreseeable future.
Eadwig
07 Jun 2018
Re: More like it! Super RNS Finally back on track, it seems. Let's hope the bottom line looks as good in the next trading update. If so we should see INL moving above @80p again, so long as nothing horrible happens to the market generally and sector specifically meantime.As I reported below I sold half my holding recently, if the market has a wobbly and INL dip back below @60p for a while, I may re-add. I've always liked the multiple revenue streams from various private and rental housing and related services that it has.
Toad1957
07 Jun 2018
More like it! Super RNS RNS Number : 5572QInland Homes PLC07 June 2018 7 June 2018Inland Homes plc INLAND HOMES AGREES £95M CONTRACT FOR SALE AND DEVELOPMENTOF ASHFORD, MIDDLESEX SITEInland Homes plc (AIM: INL) ("Inland" or the "Group"
, the specialist brownfield land developer and housebuilder with a focus on the south and south east of England, announces that it has today sold its Brooklands College site in Ashford, Middlesex, to A2 Dominion, one of the largest housing associations in the UK. The transaction, which is the biggest land disposal by value undertaken by the Group to date, is for a total land and build consideration of £94.7 million, with the land consideration being £29.7 million in cash payable on completion. Inland Partnerships, the fast-growing construction arm of the Group, will undertake the development phase on behalf of A2 Dominion. Completion of the land sale is expected by the end of this month, while construction work has already commenced on the 10 acre, town centre site, situated within the M25 and 10 minutes' drive from Heathrow Airport. Expected to take four years, the development will comprise 357 high quality, one-to-five storey homes, 619 sqm of commercial space and the provision of 442 sqm of educational space, together with public open space, associated car parking and infrastructure upgrades. As part of the transaction, the 619 sqm of commercial space will be transferred back to Inland for a nominal sum once construction is complete. Stephen Wicks, CEO of Inland Homes commented:"This is a major step forward for Inland. Not only is it the largest land sale in the Group's history, but it also represents a major build contract for Inland Partnerships, which now has a forward order book of approximately £100 million. These transactions allow us to recognise land profits while also securing self-funding, cash positive construction contracts that provide a balance to open market speculative housebuilding. "Inland currently has 550 homes under construction for private sale and this latest partnership contract brings the total number of homes being built for housing associations, a growing customer base for us, to over 500. This deal, together with our pipeline and the supportive market backdrop, gives us confidence that within two years the Inland Group will complete the construction of over 1,000 residential homes per annum." Enquires: Inland Homes plcTel: +44 (0) 1494 762 450Stephen Wicks, Chief Executive Nishith Malde, Finance Director Panmure Gordon (UK) LimitedNominated Adviser and BrokerTel: +44 (0) 20 7886 2500Dominic Morley (Corporate Finance) Erik Anderson (Corporate Broking) FTI ConsultingTel: +44 (0) 20 3727 1000Dido Laurimore Claire Turvey Richard Gotla Methuselah Tanyanyiwa This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
dazedandconfused
01 Jun 2018
Re: Inland Homes plc and KCR Residential... precisely your second sentence... i couldn't find much information on KCR and their track record, although i haven't delved too deeply. Someone has to be cash rich for the deal to work?
Eadwig
01 Jun 2018
Re: Director Deal Ripley94, "He would of been smarter buying the dip to 58p in December 2017 "Yes indeed. The main problem I have had with my INL holding was my first entry was too high. Since then I've had to trade the position to bring the average down to around @65p.Having had a break from my portfolio for personal reason for about 5 months, one of the first things I did on my return was halve my holding in INL (at a tiny profi)t because:a) I have inherited a lot of exposure to the UK housing market so need to sell some to keep my portfolio anything like balanced.b) Far more specifically, the INL model just hasn't worked out over the years I have held, for various reasons.
Johnny lite
01 Jun 2018
Re: Inland Homes plc and KCR Residential REI... What is not to like? It is just a first right of refusal on work in both directions. This would only become a worry if INL only get paid in equity and then KCR get into trouble. But the deal could definitely be mutually beneficial over time. It is another route to market for the housebuilding division, which will allow them to grow quicker. It is a way to move quicker from planning consent to development because they will have access to KCR funding. I am confident it will be a success.JL
dazedandconfused
01 Jun 2018
Re: Inland Homes plc and KCR Residential REI... a bit worried - sounds like something from a smoke-filled room!
bamboozle39
31 May 2018
Inland Homes plc and KCR Residential REIT plc agree strategic relationship Any thoughts on this???
Ripley94
17 Jan 2018
Re: Director Deal He would of been smarter buying the dip to 58p in December 2017
Eadwig
10 Oct 2017
Director Deal Stephen Wicks, Chief Executive Officer, bought 50,000 shares in the company on the 9th October 2017 at a price of 63.05p. The Director now holds 13,887,332 shares.A good sign that the CEO is prepared to pay what is the highest price for some time, I think. A classic BUY indicator, in fact, although the price has already pushed on ahead of this level. @65.50p
