Toad1957
03 Oct 2017
Simon Thompson making sense on INL [link]
Eadwig
26 Sep 2017
Re: Director Deal dazed&confused, "still worried about their move to in-house construction. "Yes. Changing your business model seems like something of an over-reaction to being let down by one contractor, no matter how much trouble it caused.There's good reasons why even the biggest builders use mainly contractors ...
dazedandconfused
26 Sep 2017
Re: Director Deal i was hoping to see a bounce to match MJGleeson yesterday, after their optimistic statement; INL operate in a similar market style/place, although obviously more regional and smaller. Like you, holding a bit too much (in my SIPP) and not enough GLE...still worried about their move to in-house construction.
Eadwig
25 Sep 2017
Re: Director Deal Eadwig, "I've had a limit order set to sell a tranche and a few more shares I bought at around @54p ever since the RNS was released about that buy in order to reduce my overall exposure - to no avail as yet ...."I took @57.7p on Friday in the end. Not as much as I wanted, but I needed to free up some cash and reduce my overall holding in INL.Although I made a profit on that tranche, even when putting that profit against my holding price I'm still underwater with an average back up to around @64p now. That's better than it was in the past, but trading the price down has been a long and hard struggle.I still need to unload another tranche to get my book value holding down to a level I'm more comfortable with. The next tranche has an average of about @57p book value and I have an optimistic @61p limit order set for the next 90 days.I think INL will do alright in the longer-term, but I've had too much cash tied up here for too long now having bought too high initially, and really need to move on to brighter prospects.Eadwig
Eadwig
19 Sep 2017
Re: Director Deal Strange that this buy has been reported again today on ii. Perhaps someone in the company is as far underwater as I am here!" StockMarketWire | Tue, 18th July 2017 - 09
0Nishith Malde, Financial Director, bought 90,000 shares in the company on the 17th July 2017 at a price of 58.62p. The Director now holds 11,360,029 shares.NOTE: Average price" <--- Strange to add that to the note also, it is unusual.I've had a limit order set to sell a tranche and a few more shares I bought at around @54p ever since the RNS was released about that buy in order to reduce my overall exposure - to no avail as yet ....Eadwig
Another Jacko
09 Sep 2017
Bought back in I bought back into these this week as I feel thay have fallen too far and now are cheap on assets and profits. 50p or so seems to be something of a floor for the price so hopefully they will start to rise again soon.
Eadwig
26 Jul 2017
Director Deal Nishith Malde, Financial Director, bought 90,000 shares in the company on the 17th July 2017 at a price of 58.62p. The Director now holds 11,360,029 shares.Not quite sure what to make of that, except presumably he doesn't mind sinking over 50 grand in at a price of @58.62p so we must assume he thinks he's going to make a few percent a year on that at least, and not lose capital value.When he already holds 11,360,029 in total though, it seems pretty insignificant. As far as I can tell, this is an open market buy, not part of some remuneration package, and £50k isn't a piffling amount even if you are relatively wealthy.I've been trying to sell a tranche of INL @62p for quite some time, to reduce the size of my holding as much as anything, and having bought the last lot mid 50s (can't remember exactly, but documented below no doubt). I'd just reduced the selling price to 61.8p to give a better chance of catching an intraday high on a limit order, I think I'll push it back up now, having seen this!
Eadwig
27 Jun 2017
Re: Latest announcement The results should tell us something about the rate of recovery - I don't think its going to be great. However, it may beat expectations - but how many analysts actually follow INL for that to make difference to the market price? Not enough for Yahoo finance to list any.Even then, I think some fundamental figures will be down on the previous year, but others will be improved. How the market takes that remains to be seen. I'm underwater here with an average of around @64p and I'm somewhat resigned to holding through for another year yet at least ... with the increasing risk of a general market downturn to come. That might not hurt INL too much with their social housing contracts, potentially set to increase. With recent events you could easily see a huge amount of money being pumped into that market in a political panic. The trouble is I doubt INL are big enough to get a very large part of that - or able to honestly name completion dates that will win them contracts in such a scenario. They might sell a lot of land at premium prices though...
dazedandconfused
26 Jun 2017
Re: Latest announcement and the market's view is only a partial recovery in the slow decline. But i'm positive about the marketplace they are in; my only concern is companies moving into construction contracts outwith their (original) skill set. The next results will tell us more?
Laraghs fund
26 Jun 2017
Latest announcement Quite a few announcements, but the sum of them all will quote.... " These transactions will result in a further increase in EPRA net asset value of approximately £1.0 million since 31 December 2016"Given that the EPRA value at 31-12-2016 was £186 million, adding a further £1 million will not make a lot of difference to the value per share.The share price has fallen quite considerably recently, I'm beginning to wonder whether they are finding it more difficult to buy good sized sites at the right price with many other companies in the same market space.This announcement comes just before the year end, so there cannot be much more news to include in the next set of result
Eadwig
02 Jun 2017
Re: sell or not lovelove, "Shall I sell and buy others like Telford or hang on in hope?"I would advise you to have a holding in TEF (perhaps wait for a pullback as they have just put out very good results), but I would also urge you to hang on with INL as something of a recovery play. I've just bought myself, despite being a little underwater, after a rather overdone drop, I thought, after going ex-div yesterday.H1 results (Interim results for the six months ended 31 December 2016) back in March started off with this statement:** Positive momentum and strategic repositioning ahead of key completions in second half **Which is exactly what TEF said, yet their H1 results were characterised as disappointing. Stockmarket Wire's headline? "Telford Homes' H1 pretax profit has been more than halved to £9.3m, from £21.0m a year earlier." TEF's share price dropped to approx @309p.TEF's latest results just shot the lights out. TEF's share price today is at @417p as I type and touched @430p yesterday.Now, I'm not saying INL is another TEF, but, in smaller builders like these, they don't have nice even sales spread out throughout the trading year like the big boys in the FTSE 250. It seems some journos don't really get that.Unless INL have another foul up like a major contractor going out of business as happened last year, the H2 results (not due until September, but with year end 30th June there will be a trading statement about 3 weeks into July) will very much put the H1 results into proper context and hopefully beat expectations.Note in the INL H1 results these statements also:"Group revenue for the period of £32.6 million (2015: £55.1 million) and PBT £4.4 million (2015: £21.4 million), with the majority of profits due to be realised in the second half of the financial year due to the timing of the construction of Inland's sites and of planned land sales"[The 2015 £21.4m figure included £14m ' revaluation surplus'. I don't fully understand that, I must admit, but without that the figure would have been £7.4m. I'm assuming that revaluation was a one off. It does still seem like a lot to make up, though]."25% rise in interim dividend to 0.5 pence (2015: 0.4 pence) per share, reflecting the Board's confidence in the expected performance in the second half of the current financial year "So, I've just added @57.6p and have left room for another tranche if the stock drifts before the trading statement in July. I don't think they will have fully recovered from the contractor going bust on them, but the share price is going to be all about how well they've handled that situation and how well the business model is holding up to get back on track to show the promise they were doing before that disaster befell them.
lovelove
02 Jun 2017
sell or not is anyone interested in Inland Homes here?I have been stuck with this one for nearly a year and it is my only housebuilder which is in negative over the year.Shall I sell and buy others like Telford or hang on in hope/any advice would be grately appreciated.
dazedandconfused
28 Mar 2017
Re: Lacklustre results ...and an ongoing delay and cost problem associated with the Sub-contractor failure a year ago, i read into these comments too. But i also like the optimism for the marketplace in 2017, which is what Berkeley & Boot were saying last week; it's not guarded optimism, but bullish.
Laraghs fund
28 Mar 2017
Lacklustre results One could be confused as to whether these are 12 month or 6 month figures, given all the references to the position at Dec 31 2015. Management are trying to gloss over the fact that the EPRA NAV has hardly moved since June 30 2016 (up 0.5%) by showing the 9% increase since Dec 31 2015, but most of this has already been reported in the June accounts.Overall looks like a very quiet six months, planning consents are up but no impact on NAV values and no significant sales of land.
dazedandconfused
24 Mar 2017
positive housing market review Henry Boot announced results today, which contained the following statement about their Hallam Land buyer/seller subsidiary: "In the early months of 2017, house builders continued to show strong interest in high quality sites and good market areas." While Boot operate nationally, they are skewed towards the northern market, so if it's pretty 'good' there, it must be 'flying' in the South...
