I think they also finance developments chaps. I think that's where the real money might be made. In this market - development finance might give quicker returns (12 - 18mths) rather than 3 years? Just a thought. Ive not looked into energi too much just yet. But to my mind - it's no brainer for them to assess oppo's - they'll also probably take equity stakes in developments too (through the finance arm) if it looks like a proper deal
Oi Oi Saveloy!! Agree totally and yes the NAV will need updating. Very undervalued here currently. I said £1+ so agree again should be higher. Dividend paying strong fundamental company with a solid BOD. Not many like it on AIM hence Ive been holding for years solidly already. This was actually the 1st share I ever bought. I lived in Cheshunt for 30years. The Tesco plot is a great investment. GLA.
Staycalm; I honestly think it's worth more than a £1. Why? I don't think anyone has really grasped the Cheshunt deal and it's implications. It's massive. Out of all the developers Tesco chose Inland to partner with. Now I know it was a tender situation so perhaps they paid the most, at that particular point in time, but I think everyone forgets that developers don't just capture the initial planning permission and then rest on their laurels - they don't build a 200 unit scheme in one go - they'll start on the first 20 (to bring to market and sell) whilst constantly tweaking the design, planning and build cost (through design improvements) as they go the rest of the site. On the Brentford scheme (GWQ) when I was at Barratt West London they improved the original planning permission something like 20 times (and that was just on the masterplan, never mind each block of apartments). I really feel that £1 undervalues what they have. BUT on the flipside of this - that's my opinion - I thought the 95p was a valuation done prior to the Tesco announcement. What little I have allocated for housebuilders is in INL and Barratt incidentally.
Like some on here Im expecting a buy out this year for £1+. Last NAV update was 95p if Im not mistaken....? Held for 6 years so far and have no intention in selling. A buy out after April for CGT would be just fine!! Looking good for a run to 70p + by next week latest IMHO. GLA.
I appreciate the replies, I've taken a stake in energiser plc as I have a feeling that considering wicks and malde have both put over 100k each into energiser then there is a fair chance they are going to try and repeat history. It's engi.l if you fancy looking in. Again both wicks and malde are directors at energiser
Does it. 1p a day works as long as it ends blue. One day they will get taken over IMHO, worth tucking away for that rainy day as bid is likely to be 3 figures when it happens. Wicksy is 63 so not getting any younger. He also has previous in this game as previous company was bought. GLA
Just talking about London and Brexit and the housing market. There might be a wobble when Article 50 is signed imo. Could be a big wobble, could be small. I'm really not sure what to think (I think it's going to be a big wobble but then I'm a pessimist as my wife continues to remind me). But that's short-term, maybe even medium term (3-5 years). I just think that whatever happens London's strengths will continue in the long term.
My greatest worry is affordability actually. That's why I like Inland - they aren't chasing the £1,000psf areas. They are concentrating on areas where 1 bed apartments are roughly £200k to £350k, 2 beds are £300k up to £500k and 3 beds are up to £650k. I realise those are still big numbers to many of us but in my view there are always going to be buyers at those sorts of levels (I know, can't believe I'm saying it either). Things start to get much stickier above the £650k mark - it's part of the reason why I'm looking for land beyond Zone 4 (basically zone's 5 and out to the M25). Just my opinion of course but thought some of you might be interested.....or not! :)
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