Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I see the groundworkers removing all of their materials and equipment from their site near me. doesn't bode well .
if there is no RNS today will the company be delisted?
4900sqm of commercial spaces*
Diversifying my sipp a bit away from O&G and in to other things. So I have bought in here. This was 49p year high and I can only see this returning to heady heights over the next few years. Could be a five bagger from here. One to grow in the SIPP. DYOR and IMHO.
Great RNS!
Planning consent for 1700 homes and 4900 commercial spaces, hang in there guys and gals.
The company had better get this sorted pronto with suspension due next week. If Wicks is involved in one of the undisclosed related party issues it will probably rule him out of consideration. Too risky a punt now until there is more clarity here.
I bet that was some poor buggers spread bet stock that they got closed out or margin called on when the bid dropped on open.
Someone obviously using free trade or similar to keep tapping 10p for a shares at a time end of play today.
“ whilst the Company formalises an additional appointment or appointments to the Board and for due diligence checks to be completed. ”
sounds like other people are lined up anyway, once done and suspension worries gone it’s back to teens, then once strategic review and accounts are released hopefully it’s back to 20 and eventually closer to NAV later in year as sales complete / debt paid down / refinancing is done.
Any takeover offer price presumably would have to be north of 25p.
I know someone who got a quote in 6s but didn’t take it, I waited and buy was 8.3 yesterday too.
I got some at 8.3 ??
Itsagame
Hi there
Even when they'd dropped it you couldn't buy at 6p or 7p or 8p
10p paid for loose change, looking much better today, well done anyone who took some around the lows yesterday, one more penny and some could be up 50% already.
Next riser
I was correct about that stock last 2 weeks
Expecting INL to re rate from 5yr lows or be taken over
Suggestions Persimmon may be interested in their Landbank
, Group Finance Director at Inland Homes, commented:
"Whilst the last financial year has been challenging, I am pleased to report that the Group has renegotiated its banking covenants with two core lenders. Both lenders have held long term supportive relationships with the Group over many years and continue to support Inland's delivery of key schemes in the South and South East, creating much needed homes in a land market that is in short of consented plots."
That times article “After taking into account seasonal effects, prices have now fallen 3.7 per cent since peaking last August, Nationwide calculated.”
So if you even gave them the drop in August aswell -3.7% since the end of year results (end sept 22), which only equates to -£8m on the then gross assets
Way overdone, they just need to get the plc house keeping done pronto.
Newspapers are making house price headlines up as they go along. Todays one said 1.1% drop over the year to feb, guess they all want to spin the fear factor.
https://www.bbc.co.uk/news/business-64807971.amp
I know it’s a technical bargain and I did buy more today, so I have various trades open at 8-13p, not a huge total sum but any recovery to even 20p would reward me handsomely.
Not ideal but I wouldn’t mind if it suspended for a few months and came back with it all resolved, new board, sales completed, finances cleaned up.
Joe
With all due respect
INL NAV at 40p (even with the wrote downs last 15mths) and share price is 8p
I would say that's a good upside versus downside potential!!
Now can sell at 8.15p for 200k
House prices suffer biggest annual decline in a decade
https://www.thetimes.co.uk/article/house-prices-suffer-biggest-annual-decline-in-a-decade-hpkbn6q2q
Itsagame
This isba real bargain down here,particularly given the RNS yesterday where no further issues were found and previous RNS about banking waivers given (3 weeks ago)
NAV is 40p+ here
Can sell 200k at 7 84p
“UK house prices fell by 1.1% in the year to February, as higher mortgage rates and living costs made homes less affordable.“
Down 1.1% in a year. Big whoop.
£90m nav (sept) + £100m debt currently plus cash =£200m of assets.
Priced at £18m (plus debt)
Land prices havnt halved