Yes ,I agree good appointment It marks out their intent to ramp up building as well as bring land through the planning process and sell onto the major housebuiders .Major decisons are made by a very small numberof individuals at Inland (effectively 1!!)and good to bring someone in with perhaps a different spin and broaden the base His experience is strong in Inner London Boroughs where Inland have some good sites so perhaps he has honed some strong relationships with the authorities which is more than useful in getting the job done
In response to a question on INL 2 days ago, ST at IC said
'I published an update on Inland earlier this month and am maintaining my buy advice ahead of the financial results next month.
As I noted in that article, analysts at brokerage Stifel have upgraded their current-year net asset value per share estimate by 20 per cent to 93p (June 2016 year-end) to reflect a 'hidden' £88m valuation surplus on land holdings that have previously been held in the accounts at cost. The company will be moving to EPRA accounting at its results next month, so expect a substantial uplift in the carrying value of land on its balance sheet. My target price remains 90p and I have a break-up value of 100p, slightly below Stifel's June 2017 EPRA net asset value estimate of 107p. At 75p, the shares are worth buying in my view'.
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