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54.50p +2p
Paying full offer 56p now after finally moving higher
The volume is reaching the amount of almost the full day yesterday and is only 11.40am
Volume is what is needed to BREAKOUT from the last intraday high 55.50p 2 weeks ago
1 month chart with volume
http://uk.advfn.com/p.php?pid=staticchart&s=L%5EINL&width=600&height=195&p=1&t=1&dm=2&vol=1&cb=
Buys at top offer 53.99p and sells at 53.20p but MMs have not move up the bid price yet from 52p Cheeky.
Slowly is building up once again up on the bid
Further good news from the main builder...
"Persimmon confident as it goes through phased building restart
The FTSE 100 housebuilder said it saw a “strong” start to the year before the Covid-19 lockdown, with an average private sales rate per site around 10% higher year-on-year in the first 11 weeks."
Hi MRSI,
I read all the RNS, but it didn't come out as an RNS! The company did an update on the 19th and said everything was good. Then that news hit on the 30th, but not as an RNS. Anyway, I think that INL 's margins will be less hit than the rest of the housebuilders, also the assisted housing market should get disproportionately more when there is a Gov assistance to the sector!
Slowly the SP is warming up like the market, a good sign that buys are paying almost full offer, so far not much trading everywhere but the building sector is UP again today.
lse1111
Not a bad day, SP was up something I can't say for the other housebuilders today.
t pays to read the latest news
Then I saw this from 30th March;
Inland Homes PLC - land and housing developer - forced to abort five significant land sales and close most of its sites. Covid-19 expected to have material impact on interim results ending March 31. Will cancel second interim dividend of 2.25p per share.
Hi,
Bought some more last week at 47.5 to average down. Just looking at the website, it doesn't look like they stopped building as the others did, also still trading employing social distancing. So sounds like we should get some decentish figures at the next update/results.
Rise first thing this morning as one MM was back up on the bid after moving lower last Friday 30 seconds before close ( games )
Had some support since as the rest of Housebuilders. Another one Redrow to restart construction in May
SP is Going places now as we are reaching 192k shares of volume
spread 51 v 54p
The large buy trade below, delayed by 1 hour is the one that got the stock rolling afterwards
23-Apr-20 12:56:09 48.00p 56,860 spread at the time 46 v 48p
All the Housebuilders were moving UP earlier on
now is the time for INL
A mixture of buying, but just reported a 25K buy and paid premium 51.498p on offer at 51p, and up she goes after that.
Last trade paying a full offer price 50p for 20K, looking good, lets see if it move better as the 90 minutes of no movement, does not look as good as earlier on the ladder shape chart
Slow recovery currently 48 v 50p but the market does not want to bounce back yet and is holding on the low of the day, the DOW does not help either as is also at its lowest with 680 points in the RED
It seems they have fallen far enough today to 47.50p, and the buyers are back
The rest of the builders are recovering also
a Market Maker holding at 55p offer for small trades but a buy for 8.9K had to pay 56p premium
Some large trades are now showing in the ticker and the delayed ones also 54.80p and with a very small spread 54.60 v 55p
Naturally, there is an RNS not showing at LSE ..............
Inland Homes ("Inland Homes", "the Group" or "the Company"), the leading brownfield developer, housebuilder and partnership housing company with a focus on the south and south-east of England, is pleased to announce that it has entered into a development agreement with Homes England, a Government body charged with accelerating housing delivery in the UK.
The agreement, which is the culmination of a number of years work by the Group, allows for the development of over 600 homes, employment and community facilities currently owned by Homes England as well as a site for a new school in Basildon.
Inland Homes has paid an initial consideration of £100,000 on signing the agreement which is conditional on obtaining planning consent for the scheme, which already has a draft planning allocation for development. Under the agreement, Inland Homes will acquire land on a phased basis from Homes England once a viable planning consent has been secured. The 54 acre site will have a gross development value in the order of £200m.
The Group, in a separate joint venture, has already built and sold 43 homes on an adjacent project and is nearing completion of phase 2, comprising 33 homes, of which 85% are already sold.
Commenting on the agreement, Chief Executive Stephen Wicks said:
"This is an example of the tenacity of the Inland team in structuring complex transactions and delivering housing supply. The project involves the re-location of a number of sporting facilities to new locations within Basildon as well as major infrastructure works.
"We look forward to working alongside Homes England and submitting an early planning application for the comprehensive redevelopment of this important site."
a very nice opening with buys from the start, already at 53p from the already high of last Thursday 51p with the UT
BREAKOUT
INL 52p (51-53p)
Has gone over the last Intraday high 51.50p, on the new UPTREND
chart
http://uk.advfn.com/p.php?pid=staticchart&s=L%5EINL&width=600&height=400&p=1&t=1&dm=2&vol=0&cb=
Some profit taking at the end of the day as is usual those who can not wait for tomorrow
Volume picking up again today
chart 1 month with volume
http://uk.advfn.com/p.php?pid=staticchart&s=L%5EINL&width=600&height=280&p=1&t=1&dm=2&vol=1&cb=
Yes a blue day .Specific problem for INL is that the majors unlikely to be beating a path to the door and paying top dollar for consented land which they very much rely on .
Clear from their RNS this year especially so as they were due to get stuck into Cheshunt this summer and reliant on capital receipts from the abortive sales for funding
If nothing else Wicks has been here before ,knows what to do and suspect he will bring in one of the big boys in as a joint partner to help funding and ride the storm
All the housebuilders are moving up strongly since yesterday on the good news around the world the Coronavirus responsible for the destruction of the shares during the last month is being slowly put to its place.