Member Info for alan80

Right now there is a spread of 21%. Someone is having a real laugh.

Anyone any idea what a plot at Wilton would likely go for?

One of the update issues might be the state of the planning application that would extend the amount and lifespan of an existing site. From what I saw some time back they really have a considerable percentage of existing land disposal capacity in their category in the UK.

I was wrong results came out in february, but they are one of the few companies not to have made any COVID announcement. Last year they gave a trading update on 1st May

Results must be due any time now - so pre-results buying?

Clearly positive that the offer was fully taken up by 11 o'clock

Deciding to do away with the final dividend for me sends a bad signal. Given the type of business this is cash should not be so problematic as for businesses which have effectively shut down.

Absolutely, and those with cash are going to be the big winners out of all this.

Still a number of fairly chunky share buys going through

Not good news, but I think we all knew what was likely coming. Looking for positives - interesting level of buying of the shares this morning. In the longer term once we get fully to grips with Covid-19 the government will no doubt look to housebuilding as a central part of getting the economy moving again. Just need for Inland still to be around to be part of it.

I can't see how Inland will pay the dividend due in June when a cash rich company like Persimmon is postponing all their payments. Good chance shares in the coming weeks may be picked up a good deal lower than current price. Notable that two main directors don't seem to have added.

I had the feeling that this might go well into the 20s as we continue to get more bad news. This is a strong reassuring statement and the fact that there is no mention of suspending the dividend appears a positive indicator as well, although of course that situation could change. It would be useful if the directors now went out and made some large purchases just to underline the robustness of the business and the current undervalue in the price.

All buys and yet price is down and MM are not offering a price to buy at, and if you buy at best the price you get is of course nicely in their favour

If Wicks or Malde came in and bought big then that would help to put a floor on the price, but as yet silence from them either in terms of buying or guidance

Many years ago a very wise accountant told me that the time to buy shares was when there is blood on the streets. To do so in this market you need both expendable cash and nerves of steel. Interesting to note there are buyers in for Inland, and it is not a one way street. The problem for Inland is the debt it is carrying. Legally they are obliged to pay the June dividend, but I for one would not object to it being deferred to help with the company cash flow. The price they are selling the Wilton Park houses for seems low, and suggests a need to get cash in quickly.

Colt, having read the Edison research paper, obviously commissioned by Augean, it is clear management are actively considering what you suggest will happen. So the controlling shareholders it seems are positioning now for a takeover. I can't imagine they would accept the current price plus small premium less the 50 pence for the tax bill payment. It seems the share price might well continue rising towards the numbers suggested by Edison, and any party considering taking it over perhaps should do so sooner rather than later as if, and of course its always a big if, the business continues on its current trajectory the share price will be moving significantly upwards in the next 12 months, albeit with the 50 pence drop if they pay off the tax.

Colt, the problem with the second point is the company still don't have the cash to make a full payment so would have to do so using debt, and therefore the interest saving will evaporate

The debt and cash position are obvious concerns. They have paid a significant amount to the JV partner and have been buying land so that would explain some of the outgoings. Key thing is to ensure they have the cash to effectively grasp the opportunities Wilton and Cheshunt give them. Right now they could be vulnerable to a 'low' level bid

Yet another profit upgrade this morning. You have to wonder where the share price would be without the tax case impediment. No doubt the tax man will delight in all the cash Augean is generating hoping to get their hands on it!!!

I would doubt HMRC are dropping their claim. Perhaps an RNS tomorrow as there were two large buys today. The AGM is on the 20th at the HQ of the largest shareholder, so that might be a useful event to go along to

Positive news today about managing a newly acquired site made by a partner organisation. Anybody any thoughts as to why they would announce today and not on results day this week? Perhaps because it is not related to the results they thought they would get the week off on a positive note?