“A West London suburb is set to benefit from over 120 new homes specifically for private rent under a new deal announced today by Housing Minister Kris Hopkins. Under the terms of the deal, Inland Homes will receive a £8.7million repayable loan to build 123 new one- and two-bedroom apartments in West Drayton, Middlesex. The homes will be available for private rent, with work starting on site as early as July this year. The Minister welcomed the latest contract under the Government’s Build to Rent scheme as helping meet “clear demand for good quality private rented homes” in the area”
I agree but 50p+ was not sustained in each case. The SP has been bouncing between 45 to 50p for 6 months now and with the recent very good results, Midas share tip and the NAV higher at 77.24p, I would expect a break out of this range soon…..IMO. Not sure either on next trading update. Going by previous 2 years there appears to be 4 updates per year which includes the full and half year results, so perhaps towards the end of June beginning of July which would be 3 months before Preliminary results are due in Oct 2014 as stated on their website.
I like the look of this well run company, the HQ close to where I live, which is also close to some of their development sites where demand for housing far exceeds supply. Dipped in yesterday for a small amount, just wish I had bought more.
MIDAS SHARE TIPS UPDATE: Inland Homes tip set to build on rapid 48% rise in price By JOANNE HART, FINANCIAL MAIL ON SUNDAY PUBLISHED: 22:30, 22 March 2014 | UPDATED: 10:10, 23 March 2014 0 View comments The Budget should provide a welcome boost to housebuilder and land developer Inland Homes. Re-tipped in August last year by Midas at 32p, the shares have soared by 48 per cent since then to 471⁄4p and City backers reckon they should continue to gain ground. Even though the Chancellor delivered good news for the sector last week, extending Help to Buy until 2020 and supporting the construction of 200,000 new homes, Inland was one of the few builders to see its shares rise on Wednesday. The Budget should provide a welcome boost to housebuilder and land developer Inland Homes The Budget should provide a welcome boost to housebuilder and land developer Inland Homes Inland specialises in buying brownfield sites in the South East and redeveloping them for housing. This division remains a crucial part of the group, but it has stepped up activity in the housebuilding arm of the business too. Last year, chief executive Stephen Wicks sold 55 houses, but in the year to June he is forecast to sell more than 140, rising to 250 next year. Analysts expect a 37 per cent rise in profits to £7 million this year, rising to £9 million in 2015. A dividend of 0.5p is forecast for 2014, rising to 0.7p next year.
More... MIDAS SHARE TIPS: Tasty airline food! So tuck into Journey Group shares INLAND HOMES SHARES: Check the latest price here Flat fee share dealing: £12.50 a trade Midas verdict: Inland Homes has done well, but it is still relatively cheap compared with its peers and should profit from the Budget. Existing investors should hold, while new investors could still derive value at current levels. Share or comment on th
Cashed in some of my holding yesterday as expect this and other builders to continue to drop until after the Budget is announced. I would rather be a bit in profit and come back in at a later date. Also same with my TEF holding. GLA
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