The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Today's problem...
It seems Simon Thomson from Investors Chronicle has said Sell
so small PI's were busy with their 5K
Oi Oi,
Pleased on your behalf to hear you're out....
Inland seems to have become the Vicky Pollard of the house building sector....?
That used to be Galliford's mantle :-)
Strictly
The Market should have been informed of the problem at that date and was not, till now ....
"On 6 May 2022, the Group was informed by DCB (Kent) Limited (DCB), the main subcontractor for our development in Alperton known as Afrex House, that they were being placed into administration."
Yeah, the £4mill extra needed to complete one of their partnership housing contracts. How many housing contracts have they got I wonder? I bet that's why the MD went - he's got the list of them in front of him.....and he's looking at the next 12 months and just seeing hell on earth....thinks 'I'm out of here'.....And the construction director (because he'd be getting it in the absolute neck by the Board every day. Life really isn't worth it....so he went too. And that meant that key technical manager, whom left, started to be exposed to some of that vitriol.....so he went too.....
39p feels like the high-tide mark at the moment (whatever happens to the spike today no doubt) for the share price imo.
Others might see it differently - and see that 39p is the low water mark and that 50p is really where it's at. BUT they've still got £96mill of debt.....and I seriously think there are other cost over runs too elsewhere. Interested to hear others thoughts. I'm out of INL at the moment but it's the one share I monitor more closely than anything else. I want to be invested here...but not at the wrong price.
Yet more construction problems .It doesn't augur well for the rest of their schemes These are continuing problems and potential cost overuns in all the BTR contracts they have engaged in
This is all basic stuff they should be getting right