The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
This may be old new but not seen listed on hear Sorry if already been seen GL http://uk.advfn.com/p.php?pid=nmona&cb=1264000198&article=41044467&symbol=L^QT
I think this will explain what may have happened http://uk.advfn.com/p.php?pid=nmona&cb=1263997817&article=41087375&symbol=L^PUA
http://www.advfn.com/p.php?pid=nmona&cb=1263906528&article=41155729&symbol=L^SOGP
Why has this dropped and no sells?
I will try again http://www.advfn.com/cmn/fbb/thread.php3?id=21586718
Great update a little more for you http://www.advfn.com/cmn/fbb/thread.php3?id=21586718 GL
Proposed de listing http://www.advfn.com/p.php?pid=nmona&cb=1263546567&article=41117656&symbol=L^TLT
Thanks for that the information I have is a bit more informative it list all the sites that have and have not got planning the value of their portfolio has a gross development value of £420 million. Our estimates of NAV do not include any assumptions about the success of the West Drayton or any other proposed applications.without planning happy days
Key Data EPIC INL Share Price 18.75p Spread 18.5p - 19p Total no of shares 174.49m Market Cap £32.7m 12 Month Range 6.125p - 21.25p Net Debt £6.57m Market AIM Website www.inlandplc.com Sector Real Estate Contact Nish Malde/Stephen Wicks Finance Director/Chief Executive 01494 762450 Inland is an AIM listed developer of urban regeneration projects around Southern England. It finds and buys Brownfield/ex-MOD sites with the objective of adding value by securing planning permission and selling the assets on to developers and residential homebuilders building some sites out on its own or developing them via joint venture. The company has suffered amid the sharp industry downturn of the past two years, with a limited market to trade on its assets and - at times - struggling to support its deferred consideration payments. However, we believe that the outlook for residential property is improving and the rebuilding of the balance sheets of the quoted house builders should mean that demand for Inland&rsquos assets increases. The company has been able to restructure and renegotiate all of its deferred consideration payments. There is a revolving credit facility of £10 million from RBS which is likely to be renegotiated by 11th March 2010. Together wit h some small asset sales should generate the cashflow needed to progress. The company announced on November 3rd that it has submitted a planning application for the redevelopment of a 31-acre site at West Drayton in Middlesex for the construction of 775 homes and associated community facilities. This site is held in a joint venture company and is not reflected on Inland&rsquos balance sheet. All of the sites on Inland&rsquos balance sheet are held at the lower of cost and net realisable value. A few sites do not have planning consent and thus have a much lower value until planning consent is granted. The potential for this, and other similar projects, to increase Inland&rsquos Net Asset Value ('NAV') significantly during the next two years is, therefore, highly significant - we understand that the entire Inland portfolio has a gross development value of £420 million. Our estimates of NAV do not include any assumptions about the success of the West Drayton or any other proposed applications. Inland is run by the team of Stephen Wicks and Nish Malde. Stephen founded housebuilder Country & Metropolitan which was floated in 1999 with an initial market capitalisation of £6.9 million. It was bought 5 years later for £72 million and the intention is to deliver a similar performance with Inland, the team's current vehicle. We regard trading at NAV as appropriate given the quality of management and asset backing, which has the potential to rise materially if any major planning consents are approved, even without assuming an improvement in bank lending and availability of mo
Key Data EPIC INL Share Price 18.75p Spread 18.5p - 19p Total no of shares 174.49m Market Cap £32.7m 12 Month Range 6.125p - 21.25p Net Debt £6.57m Market AIM Website www.inlandplc.com Sector Real Estate Contact Nish Malde/Stephen Wicks Finance Director/Chief Executive 01494 762450 Inland is an AIM listed developer of urban regeneration projects around Southern England. It finds and buys Brownfield/ex-MOD sites with the objective of adding value by securing planning permission and selling the assets on to developers and residential homebuilders building some sites out on its own or developing them via joint venture. The company has suffered amid the sharp industry downturn of the past two years, with a limited market to trade on its assets and - at times - struggling to support its deferred consideration payments. However, we believe that the outlook for residential property is improving and the rebuilding of the balance sheets of the quoted house builders should mean that demand for Inland&rsquos assets increases. The company has been able to restructure and renegotiate all of its deferred consideration payments. There is a revolving credit facility of £10 million from RBS which is likely to be renegotiated by 11th March 2010. Together wit h some small asset sales should generate the cashflow needed to progress. The company announced on November 3rd that it has submitted a planning application for the redevelopment of a 31-acre site at West Drayton in Middlesex for the construction of 775 homes and associated community facilities. This site is held in a joint venture company and is not reflected on Inland&rsquos balance sheet. All of the sites on Inland&rsquos balance sheet are held at the lower of cost and net realisable value. A few sites do not have planning consent and thus have a much lower value until planning consent is granted. The potential for this, and other similar projects, to increase Inland&rsquos Net Asset Value ('NAV') significantly during the next two years is, therefore, highly significant - we understand that the entire Inland portfolio has a gross development value of £420 million. Our estimates of NAV do not include any assumptions about the success of the West Drayton or any other proposed applications. Inland is run by the team of Stephen Wicks and Nish Malde. Stephen founded housebuilder Country & Metropolitan which was floated in 1999 with an initial market capitalisation of £6.9 million. It was bought 5 years later for £72 million and the intention is to deliver a similar performance with Inland, the team's current vehicle. We regard trading at NAV as appropriate given the quality of management and asset backing, which has the potential to rise materially if any major planning consents are approved, even without assuming an improvement in bank lending and availability of mo
13th January 2010 Analyst:Jon Levinson jon.levinson@gecr.co.uk 020 7562 3357 Inland Initiation of coverage Buy at 18.75p - Target Price 26p Key Data EPIC INL Share Price 18.75p Spread 18.5p - 19p Total no of shares 174.49m Market Cap £32.7m 12 Month Range 6.125p - 21.25p Net Debt £6.57m Market AIM Website www.inlandplc.com Sector Real Estate Contact Nish Malde/Stephen Wicks Finance Director/Chief Executive 01494 762450 Inland is an AIM listed developer of urban regeneration projects around Southern England. It finds and buys Brownfield/ex-MOD sites with the objective of adding value by securing planning permission and selling the assets on to developers and residential homebuilders building some sites out on its own or developing them via joint venture. The company has suffered amid the sharp industry downturn of the past two years, with a limited market to trade on its assets and - at times - struggling to support its deferred consideration payments. However, we believe that the outlook for residential property is improving and the rebuilding of the balance sheets of the quoted house builders should mean that demand for Inland&rsquos assets increases. The company has been able to restructure and renegotiate all of its deferred consideration payments. There is a revolving credit facility of £10 million from RBS which is likely to be renegotiated by 11th March 2010. Together wit h some small asset sales should generate the cashflow needed to progress. The company announced on November 3rd that it has submitted a planning application for the redevelopment of a 31-acre site at West Drayton in Middlesex for the construction of 775 homes and associated community facilities. This site is held in a joint venture company and is not reflected on Inland&rsquos balance sheet. All of the sites on Inland&rsquos balance sheet are held at the lower of cost and net realisable value. A few sites do not have planning consent and thus have a much lower value until planning consent is granted. The potential for this, and other similar projects, to increase Inland&rsquos Net Asset Value ('NAV') significantly during the next two years is, therefore, highly significant - we understand that the entire Inland portfolio has a gross development value of £420 million. Our estimates of NAV do not include any assumptions about the success of the West Drayton or any other proposed applications. Inland is run by the team of Stephen Wicks and Nish Malde. Stephen founded housebuilder Country & Metropolitan which was floated in 1999 with an initial market capitalisation of £6.9 million. It was bought 5 years later for £72 million and the intention is to deliver a similar performance with Inland, the team's current vehicle.
We regard trading at NAV as appropriate given the quality of management and asset backing, which has the potential to rise materially if any major planning consents are approved, even without assuming an improvement in bank lending and availability of mortgages. We believe the discount to NAV more than accounts for the risks posed by Inland's debts and deferred considerations and argue that the balance sheet risks are to the upside. We initiate our coverage with a target price of 26p, based on a June 2011 conservative estimated NAV of 26.1p, (or in excess of 30p if West Drayton was included) and our stance is Buy.
13th January 2010 Analyst:Jon Levinson jon.levinson@gecr.co.uk 020 7562 3357 Inland Initiation of coverage Buy at 18.75p - Target Price 26p Key Data EPIC INL Share Price 18.75p Spread 18.5p - 19p Total no of shares 174.49m Market Cap £32.7m 12 Month Range 6.125p - 21.25p Net Debt £6.57m Market AIM Website www.inlandplc.com Sector Real Estate Contact Nish Malde/Stephen Wicks Finance Director/Chief Executive 01494 762450 Inland is an AIM listed developer of urban regeneration projects around Southern England. It finds and buys Brownfield/ex-MOD sites with the objective of adding value by securing planning permission and selling the assets on to developers and residential homebuilders building some sites out on its own or developing them via joint venture. The company has suffered amid the sharp industry downturn of the past two years, with a limited market to trade on its assets and - at times - struggling to support its deferred consideration payments. However, we believe that the outlook for residential property is improving and the rebuilding of the balance sheets of the quoted house builders should mean that demand for Inland&rsquos assets increases. The company has been able to restructure and renegotiate all of its deferred consideration payments. There is a revolving credit facility of £10 million from RBS which is likely to be renegotiated by 11th March 2010. Together wit h some small asset sales should generate the cashflow needed to progress. The company announced on November 3rd that it has submitted a planning application for the redevelopment of a 31-acre site at West Drayton in Middlesex for the construction of 775 homes and associated community facilities. This site is held in a joint venture company and is not reflected on Inland&rsquos balance sheet. All of the sites on Inland&rsquos balance sheet are held at the lower of cost and net realisable value. A few sites do not have planning consent and thus have a much lower value until planning consent is granted. The potential for this, and other similar projects, to increase Inland&rsquos Net Asset Value ('NAV') significantly during the next two years is, therefore, highly significant - we understand that the entire Inland portfolio has a gross development value of £420 million. Our estimates of NAV do not include any assumptions about the success of the West Drayton or any other proposed applications. Inland is run by the team of Stephen Wicks and Nish Malde. Stephen founded housebuilder Country & Metropolitan which was floated in 1999 with an initial market capitalisation of £6.9 million. It was bought 5 years later for £72 million and the intention is to deliver a similar performance with Inland, the team's current vehicle. We regard trading at NAV as appropriate given the quality of management and asset backing, wh
http://www.advfn.com/p.php?pid=nmona&cb=1263371495&article=41079719&symbol=L^RSOX
You could probably get £8 million for it, same value as the company
You are all forgetting about the pixie dust must be harder to mine than gold we all know it is harder to find.
If you use sprinkle a little pixi dust on dog s*** it look good on the out side but if you cut through it it with a sharp knife it will still be dig s*** on the inside GL
Beware some one will think we are de-ramping and we will get told off again
I think they have found pixidust or Kryptonite hence the value of £8million
I did post this first thing but there has been some great chat and it has been pushed down the line. Deo Petroleum More lunacy from AIM Says Lucian Miers, the Bard of the Boleyn For those who need any further proof of the ineptitude of the Aim regulatory framework look no further than the case of DEO Petroleum.(DEO) This is the new name for Microcap Equities PLC a quoted piece of rubbish that raised money to invest in smaller companies and chose the wrong ones, losing all its money. (London Asia Capital was one such investment which readers of Sharecrazy will be familiar with) In exchange for some 310mn new shares two former directors of the defunct Oilexco PLC (covered on here last year) named Marshall and Burke have stumped up £164,000 on top of a previous £36,000 loan to keep the company going . These shares amount to 93% of the outstanding share capital, the rest being held by some 1,100 small shareholdings worth, on average, less than £5 each. So here we have a company whose only assets are £166,000 and the expertise of two men who were directors of the failed Oilexco and control 93% of it. The rest of the shares are held by people who would not cover their dealing costs if they attempted to sell them. That the shares proved easy to ramp is something of an understatement. The £200,000 invested by Messrs Marshall and Burke was valued at one stage on Friday at £21 million by the AIM market. Right now it is worth a mere £8.5 million (at 2.75p per share). The shares will undoubtedly fall from here and a lot of suckers will get burnt. The principle of Caveat Emptor is clearly paramount in any investment scenario but do the AIM authorities really want this sort of silliness to go on? Even the Vancouver Stock Exchange or any other racy exchange you care think of will have a minimum “float” to ensure some sort of orderly market. But not AIM, which seems hellbent on completely ruining any reputation it had.