I got a tip on this from a poster on tw. I was happy to get in here last week but would have thought the RNS and the recent high profile of brownfield regulations would see at least a modest rise. I guess the smaller builders still need a hefty dose of market confidence but to me this firm is going steadily in the right direction with no obvious downside...?
The share price has been trending up over the last 12 months, all be it with some retraces during that time. Looking at the share price graph and at the Bollinger Bands, each time the share price has touched the lower band the share price has then risen, without falling below the band more than a touch. Generally the share price will trade between the upper and lower band, rising when it hits the lower band and falling when it hits the upper band. Over time these bands will either rise or fall, along with the share price. The share price has now hit the lower band and on the premise that it will follow its previous pattern we could expect an uplift from here. However, it is not a guarantee. I am not a chartist but do look at them more out of interest. It is certainly not a recommendation on which to base ones investment strategy, since the charts reflect what has happened to the share price and does not outright predict what WILL happen.
Certainly worth keeping an eye on with a view to increase the small holding I have. In competition with so many other opportunities out there of course.
Looks likely to test the bottom of the rising Oct 14 trend channel @ about 67.5p, which is also the 100dma. Once tested INL should resume up trend and we'll have some nice upward movement over the coming sessions. DYOR
Pleasing update today. I've been in this share a while now and topped up again today. It's done well this year, looking at financials it's still cheap as chips. RNS stated PBT significantly > 12.7m. Let's say final report is around 14m with EPS of circa 5p. That's 100% EPS growth YOY, PE Ratio of 11 and a Peg of just .24. Well worth a re-rate. Even without todays update it's still cheap. On the chart it's oversold on the macd with a -0.007 signal so about to cross into buying territory. I would not be surprised to see a 10p gain in the short term.
Hi. Fully agree with your view. Agree with other posts too. Now is not the time to sell with news in October. Building a stake here as housing becomes a Conservative goal and one they will not miss. They want to nail down the next general election and now they have full control will aid all brown field developers in the next 5 years. They will do what ever is necessary to hit this target. INL will exceed £1.00 or be bought out. Good luck here bez. Sure we will be chatting again soon enough.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.