Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
I know the £2b is waffle, it’s just marketing for the sales of their plots, buy the plots of us for X invest Y and you have Z at market value type stuff.
The nav at September we were told was 40p / share
If you put £50m provision / £5m cap raise against that you still got £40m of net assets, / 20p.
There’s 40p nav at sept 22, even a fire sale / small cap raise its worth 20p.
Get past the current issues and I got a feeling the next years results will look much healthier (not the results sept 22 due), all it takes is one major sale or multiple smaller sales like todays and the debt soon gets cleared, refinancing will start to get costly in high rate world so imo winding down / selling off some of the assets and not forcing any new deals (unless they are opportunistic few pennies in the £ bids from others in distressed financial positions) makes most sense, it has ~50% debt to equity and smaller operations just using its own cash would make more money.
“Planned land sales still to complete were expected to contribute over £75.0m of recognised revenue and significant profitability towards the Group, however there is now a question on the legal completion date which will determine the recognition point for the relevant financial year. Some or all of these land disposals will now slip into the next financial year ending 30 September 2023 however the sale of these assets will be reviewed in light of the Strategic Review which will be focused on maximising shareholder value.”
“the Gross Development Value of Inland Homes' land bank is in excess of £2.7 billion (31 March 2022: £2.8 billion, 30 September 2021: £3billion)”
And another one…
is pleased to report it has exchanged conditional contracts to sell 31 affordable homes to Eastlight Community Homes for £6.54m to be satisfied in cash on completion.
Whats the worst that could have happened in just 83 days since lol
And one INLZ rns too
Covenant compliance
As at 31 December 2022, Inland Homes plc ("Inland Homes"), which has guaranteed the amounts due to ZDP shareholders, had complied with all its covenants under the Loan Note, Contribution Agreement and related security documentation.
Inland Homes signs Self Remediation Contract
There you go
Sold earlier +10% when book stopped moving up, I’ll wait and see what happens during and after the meeting before considering any next move, I’ll take gains little by little where I can now.
I’ve been trading here Vs Amgo for small beans last couple of days and have gained nearly ~65% more shares here by not being greedy.
Which considering my first buy here was at 13.8p I’m very happy for. ~7p is now my brake even.
From 0.7p on ask first thing to 0.3p, I think there’s room for another quick trade today around the mm book manipulation, with so many stubbornly holding the immediately available free float can’t be that much. Just a dabble.
Cash available at subsidiary level and not PLC I assume.
Older guys bought in, they will take part in placing, wind it up, sell down assets, buy back INLZ share at steep discount (80p bid today over £2.01 to pay them off in a year), pocket 25-30p / share nav plus a salary, and be done within 12 months.
I got my old holding I sold at 8.9p back for £500.
It will bounce, unless suspended, trade it don’t marry it it’s dead now.
£5m raise at plc level at 10p, sell up wind down company, at around 30p NAV, 25p / share fire sale.
If they went down that route.
Rather than just do one asset sale?
Second new director ex Barratt
Inland Homes plc (AIM: INL), the housebuilder, partnership housing developer and regeneration specialist focused on the South and South East of England, is pleased to announce the appointment of Trevor Sawyer as an independent non-executive director of the Company with immediate effect.
Trevor Sawyer has had an extensive career working in the housing development industry, previously as a Managing Director of Barratt Homes Southern Counties and a non-executive director of Orbit Homes.
Bit conflicting
25 January 2023
“ Cladding and fire safety position
**The Group is a signatory ** to the Department for Levelling Up, Housing and Communities Developer Pledge and is committed to removing cladding and remediating fire safety issues in buildings over 11 metres where it has minimal exposure. There was no financial impact of, or material provisioning for, remedial works in the financial year ended 30 September 2022.”
Appointment of new Chairman
Inland Homes plc (AIM: INL), the housebuilder, partnership housing developer and regeneration specialist focused on the South and South East of England, is pleased to announce the appointment of Matthew Robinson as an independent non-executive director and Chairman of the Company with immediate effect.
No, it would be temporarily suspended while they sort out the new directors if they are not approved by end of play Tuesday, it wouldn’t be delisted.
News on
New directors
Strategic review
Results
All to come.
4900sqm of commercial spaces*
CFO leaves on understandable terms, shipment delay details released, new cfo comes in blames past issues which were outside the companies control, then new CFO looks fantastic in a few quarters when it logs its highest ever sales ( from selling the stockpiled coal) and as a bonus hopefully at a higher price too.
And hopefully MBU sort out what they are doing in that time too.
Easy to see potential future from here.