Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Gone to 32 v 34p +0.50p
and more MMs at 32p bid from earlier 1
Something positive on the horizon
There is a large buyer on the Market since late last week, just reported a 50K buy paying full offer 33p.
Level 2 has improved from last Friday
Not many buys but that is what happens if there are hardly any sales ......
Inland Homes announces that on 15 July 2022 it purchased 24,000 ordinary shares at 32.47 pence
Plenty of trades today and large ones by the end of the day
A delayed of a large buy 100K @ 32.95p, so sales where paid higher bid price 32.47p for that reason to fill the order
15:13:15 32.95 100,000 £32.95k
Share buyback from the 1st £1,000,000
There is still some money left £6,971.26
Money used so far £993,028.64
Money left £6,971.26
Number of shares bought 2,462,178
Also Gleeson had cracking results
Not able to buy many as the Broker uses any sales to get stock in order not to push the price higher and yesterday there were hardly any......
Inland Homes announces that on 14 July 2022 it purchased 20,000 ordinary shares at 31.00 pence
The order book forced JBER to go into bid 31p with the "4" trade, as they sold 38K to a buyer.
Level 2
15:59 JBER 5,000 31p
trade
15:59:05 32.00 4
15:58:59 32.00 38,000
30 v 31.50p +0.25p
There were all buys though small, enough for at one time 3 MMs move the prices just like that, no trades showing around the time of the move
Another builder doing well ....
"Barratt Developments sees "excellent" year amid inflation
(Alliance News) - Barratt Developments PLC on Thursday said it delivered an "excellent" performance for its recently ended financial year, reflecting strong customer demand for homes and the productivity of its sites despite build cost inflation.
For the financial year that ended June 30, the Leicestershire-based property developer said adjusted pretax profit is anticipated to be in the range of GBP1.05 billion and GBP1.06 billion, slightly ahead of current market consensus expectations at GBP1.048 billion, and up from GBP919.7 million in financial 2021.
Barratt said total home completions returned to pre-pandemic levels, with 17,908 homes completed in the year, up 3.9% from 17,243 homes the year before."
Only buying a few yesterday 15K as the price moved higher.....
Inland Homes announces that on 13 July 2022 it purchased 15,000 ordinary shares at 30.68 pence
I hope the Management has evaluated the best way to get value for the shareholders by proposing to do another 1M buyback.
They must know the stage of any new sale of land, and how the company is doing going ahead. Brokers are expecting EPS of 5.1p, which means the shares are trading on PE of 6 and a huge discount to NAV 106.20p.
If they decided last April on the first buyback when the share price was 42 to 45p, sure there is much value now when is almost half that price.
I have never been a great fan of share buybacks having seen examples of cash being flushed down the drain. The argument the company would make is that it will enhance shareholder value as there is a significant discount between share price and asset value. Ultimately the strength of that argument lies in what assets could be sold for, and if it came to a fire sale then you can immediately at a minimum halve any NAV. Hopefully it is not the case, but some loan agreements have gearing requirements, and INL are well north of 100%. Right now besides the company announcing completely new largescale sale of land agreements, the only thing that would be a positive signal of the worth of the company is if the directors between them went out and bought for their own holdings a minimum of 2 million shares.
So the company announced this morning another £1M share BUYBACK, as not much money was left from the last £1M, and buying £1 worth £5 is an opportunity not to be missed was their conclusion, or maybe just mine.....
Increase to Share Buyback Programme
Inland Homes today announces that, further to the Company's announcement on 19 April 2022, the Board has elected to increase the Share Buyback Programme which commenced on 19 April 2022 by up to an additional £1 million, to a maximum consideration of £2 million. All other terms of the Share Buyback Programme remain as announced on 19 April 2022.
Not many buys 35K yesterday, but not much money left £17,773.36 of the 1M ........
Inland Homes announces that on 12 July 2022 it purchased 35,000 ordinary shares at 28.44 pence
Has inflation reached a peak?
oil prices are well down $95 from their high $118 about 19%
Metal prices have come down too, by 17% from peak
Shoppers have cut down on their shopping basket
With time inflation is going to fall fast
So no need for Interest rates to be rushed up
30 v 31p +2.30p
The bounce back is on, as large buying trades are showing on the ticker
The doom-mongers managed their aim to bring the share price down.
Never trust ... "wolfs in sheep's clothing." there is always an aim for going that.
28.50 v 30p +1.05p
Level 2 imoroving all the time
so now up to a roller-coaster,
easy down, easy UP
A well-spaced buys during the day to a total of 85,000, with one bought when SP was at bottom low...
Inland Homes announces that on 11 July 2022 it purchased an aggregate of 85,000 ordinary shares at a volume weighted average price of 28.23 pence
20,000 28.77 09:11:56
20,000 27.74 11:20:43
25,000 28.00 13:03:30
20,000 28.45 15:22:27
The MM that got the large sell must have run out of that cheap shares to sell
the seller must have been around early till have found a MM to take them in their book, but by then everybody knew and the shares were mark-down
10:30:45 27.10p 226,100
SP under the cosh again Maybe there are more construction cost nightmares just waiting to appear? All these construction contracts with ithe BTR brigade are ticking timebombs
The slim margins easlily eradicated They need to do something pronto and bring in a steady hand on the rudder
SP still falling as a result of IC sell advice which was published in their magazine on Friday.
Another good size taking advantage of the selling last Friday...
Inland Homes announces that on 8 July 2022 it purchased an aggregate of 115,000 ordinary shares at a volume weighted average price of 31.69
25,000 32.80 09:16:15
25,000 32.00 09:52:28
40,000 31.99 10:26:17
25,000 29.79 17:27:39
Another good lot 65,000 out of the market......
Inland Homes announces that on 7 July 2022 it purchased an aggregate of 65,000 ordinary shares at a volume weighted average price of 33.24 pence
25,000 33.19 10:34:24
20,000 33.36 10:54:19
20,000 33.19 16:12:33
and paying full offer now 33.60p
time to jump higher
13:19:35 33.60p 11,904 £4,000
----------------------------
Someone is accumulating on looking at the last 3 trades
£3K, £3K and £4K and paying every time higher price.