Should be a nice buy LumpedOn. Ive been in here for 6yrs and will be waiting for the inevitable takeover (next year now IMO) so wont sell a bean. INL pays a nice dividend (keep the wife in her Jimmy Choos) and Wicksey runs a tight ship. My number 1 investement strategy is investing in companies with good management which IMO we have in abundance here (very rare for AIM). Nice landbank for a major to swoop. I used to live in Cheshunt for 30yrs and the Tesco HO is a lovely plot to have secured. DYOR, GLA and ATB.
Yes the new Board appointment has addresses the issue of being more hands on in contractingand growing painss Essentially land and deal makers.This issue with the contractor reaffirms the rational of the board appointment rather than any beefing up their inhouse housebuilding operations per se .No doubt Candy,s money will be useful to back Wicksys, dealmaking skills as opportunities will no doubt be arising to take advantage of Still be be interesting to now how much of a loan Inland made Vantage and likely loss .Sign of things to come in the contracting industry and pressures
Totally agree, and have lumped (more) on this one at sub-60p in early trading. Key point for me is looking forwards, and the issue with the contractor is noise which has only caused a delay in the cashflow.....
"This situation resulted in the delay of 23 legal completions which will now defer into the current financial year."
Plus, INL seem to be the only builder avoiding the "whilst it's too early to say...." line and being clear on demand and sales.
So very happy to have grabbed some more and be ready for the SP to cruise back up to pre-Brexit levels.
"As a result of the reduced number of legal completions and further costs to be incurred to complete on the four development sites, the Group's profit before revaluation of investment properties and tax is expected to be marginally lower than the market consensus forecast of £15.9 million."
Anyone else holding off until tomorrow's Markit data? "We don't think it will be a good number," says Bronwyn Curtis, governor of the London School of Economics. I'm saving my money today to top up tomorrow.
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