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It's been very quiet in here (on here?) recently; is that because everyone is making a mint elsewhere, or perhaps because there's literally nothing to say about INL? :) I've been flat out at work (and summer holidays when the kids are at home - when working at home - is not easy. No time for anything else really. Hope everyone is ok.
Hopefully we'll be hearing from Drumz soon on progress - I'm under water at the moment with my investment in this company but I'm hopeful it's going to go in the right direction.....eventually!
It's all to do with visibility NLondon. CMC/IG are tremendously visible.........Plus500 isn't -and the directors of Plus, in the past, have not exactly done the right thing (as far as the markets are concerned). They are deliberately unnecessarily obtuse, as far as the market is concerned.......and therefore they will always be a lag, however gangbusters the performance is, to their peers. Unless they change of course (domicile in London would be a good start, rather than Israel). Just my two-penneth - others can chip in with their thoughts too of course.
I think they'll acquire more US businesses to grab some momentum there instead of the buybacks. I am not even going to try and explain the share price fall recently......but Plus500 is not seen favourably by the market, for a lot of reasons (that have been repeated on this board in the past so not going to go over the same ground). What I will say is this; nothing on those fronts has changed....and therefore, the people that can make the share price move has not changed either.
Hopefully the recent spate of cyber attacks on businesses across the globe (but alot in the US of course) has seen a variety of businesses look for cyber security solutions - and hopefully Acuity has benefited. Because if they haven't....god help this share and this company!
Possibly UKInvestor but as I say - it's a massively expensive way of buying land. Planning is everything. Absolutely everything. I am seeing huge delays in planning at the moment (just had to wait 20 weeks for the formal written response to a pre-application meeting for example). Planning creates and crystalizes the value of a given piece of land (plus, you can always refine and refine and refine a planning a planning permission - as the big nationals often do as they work through the phases of a big site - using sales feedback to enhance the next phase for example). Inland isn't a straight development company either - lots of moving parts. I am convinced that Wick's is brewing something - there are so many participants actively buying again (after a lull) that I fully expect to hear of deals being done in the latter half of this year. I know that the company I work for is doing the same (even though we build too - if you can sell a site on, and grab a quick and fruitful profit and it works for everyone - then we do it. Putting the spade in the ground on a site has massive risk (because no site is perfect) and there are massive costs prior to doing so.
Land values are rising in my opinion (bearing in mind I buy land for a living). Every housebuilder has contract issues, unexpected or otherwise - it's just that with some of the nationals, they're able to smooth out these unexpected costs over a much larger amount of sites. Buying development companies for their land bank is an extremely expensive way of buying land imo. I think the picture will be alot more positive in a year's time. I'm staying in.
I'm in agreement with the poster that said the BoD want the shares openly traded, without the hype/hope the FCA woudn't oppose things (but now have). It'll give a true reflection of where the shareholders sit (and knock that argument out). I can see 8p today, maybe lower.........but there's hope fellas, stay strong. I'm not selling.
Just a heads up - Wicks has disclosed a letter to Hillingdon Borough today (on LinkedIn) about the Master Brewer's site in Hillingdon. Hillingdon are preparing to try to have a Judicial Review of the consent that has been awarded. For my part I'm on Wick's side on this. Hillingdon have been against that site for years and years. Certainly the 20 yrs I've known about it. I don't know why - it's not like it's a heritage site or anything - it's a bit of scrub land, that used to be a pub and pub car park, on a massively busy junction, just off the M40 and over the road from Hillingdon station. It needs a new build scheme to give the immediate area a boost if I'm honest (imo). Anyway - it's not great news - more delay.
I keep on hesitating to buy more (just how overweight do I go?), even selling some of my other investments to put into INL. inertia (and too much going on at home) sets in however. I'm not sure what the end-game is with INL (to sell? to become a larger, as it were, medium builder?) but I've bought in to INL totally (i even bought Wick's other vehicle, Energiser, now DRUMZ) off the back of it (I buy into people than a business per se). I also need to get on to the blog - Ideally want to chat to someone about the pbv thing but I'm dealing with so much fallout from my wife's friend passing that things are just not good at the minute.
The share price thoughts isn't a criticism of Inland I hasten to add. It's more the fact that I feel it'll take a nuclear bomb (as it were) to lift the share price over 70p. there's an overhang or something going on that's holding the share back imo. I've been invested in Inl for years and years and I'd love the share price to drive forwards.
It's very price sensitive around that part of Basildon - it could be £274psf or it could be £420psf.....I'm inclined to think they'll be running with the £420psf. It's a good consent and gives the construction side of the business (assuming they get the entire contract, including the school and sundry other buildings) an excellent 'bread and butter' construction contract, over the next 5 to 7 years. You never make money (10% if you're lucky?) on those things but it gives the crews experience, provides a track record for other work and covers the office overhead too (so hopefully everything else you win is 'bunce'. I'm confident it'll give the share price an initial bumpy of 2p.....then people will do the numbers and it'll fall back to it's natural 60p inclination.....80p or £1 feels like a loooooooooooooong way away........unless.....unless they pull a cracking land deal(s) off. Just my opinion - interested to hear others.
Why has the share price gone backwards today? Surely this is positive news? Or am i reading it incorrectly and it's a total disaster of an acquisition?
Here's my take on the current land market (I'm in it, it's my job - just as a reminder) and why I feel it's a good time for Inland to be acquiring sites (either for them or their clients). There's a lot of activity out there at the moment because of a combination of factors; 1) lockdown has given people time to think what they want 2) lockdown has made people's minds up 3) corona has focused the minds, for some, on 'seizing the day/carpe diem rodney......' 4) brexit has happened and so far it's not as bad as people think 5) the govt's favourable stance on planning - 'we're going to build our way of this decline' helps massively with capturing consents (planning is a huge fly in the ointment, always will be, always has been, unless the entire system changes.....and even then, it'll never be flawless......it simply can't be imo) 6) whether you're buying in the country or city - there are lots of arguments in favour of buying in both areas presently 7) sales values are steady or anticipated to climb over the near term/mid-term (ignore the lack of supply in the 2nd hand mkt and the stamp duty precipice leading to short term price spikes for the moment) 8) there's a bucket-load of money looking for a return 9) mortgage rates are cheap and govt incentives for 1st time buyers are still in place and 10) there are alot of business-owners that are coming up for retirement and corona has brought everything to a head - plenty of them are selling up or rationalising and that means commercial property/yards/sites are available......but you've got to get out there and contact them to find out (not advertised). Agents will be doing this, I'd expect Inland to be doing this. I've been writing 400-450 letters a month (I've found and assessed each site, gone to land registry, worked out whom owns it, written the letters etc etc). There's a consistent message out there and that is; people are prepared to sell. Wicks knows what he's about. He'll be busy at the moment (it's a pity Paul Brett, land director, left - you need bums on seats to speak to as many people as possible imo).
Of course! Brighton FC fan - sorry! Sorry, brain is utterly mush at the moment.......Still, Flock of seagulls eh? Quite the hairdo back in the day......apparently. Anyway...moving on........ thanks for your kind thoughts on things and I like that patience quote too.
Can't help you there SeagullsFan (Flock of Seagulls? Great band by the way - but if we're talking about bin-chickens, I'm not so enamoured).......but anyway - moving on. I've been in Inland for years and years. And I'm not selling. I still back Wicks and co to do well in this interesting market. I've been very quiet on here for a month or so. Had a bereavement in the family and my concentration and focus has been on my family (particularly my wife whom has been deeply affected by things). LIfe is utterly sh*t at time it has to be said. I was on the point of buying redrow when things went sideways and now I've come up for air the share price has moved 90p.......question is - am i too late or should I buy them too. Brain full at the moment so don't have the capacity to do the research. Opinions welcome.
I'm all in on Drumz Optimist (as far as my max weighting to my overall SIPP) and I've been in since early energiser (so over 1p.....) I'm what's known as a long-term holder of these! :)
Feels like it's going to need a nuclear bomb to make this share move upwards. The positive news from KCR (massive legacy overhang in that share of course)..........made absolutely no difference to the share price and now there's talk of the darktrace IPO being a damp squib (because Lynch is a massive shareholder and if he's extradited and convicted there could be repercussions for darktrace I gather). All in all; #prayfordrumz......
I personally don't think JP Morgan are buying Amigo for themselves - they're acquiring for a client of theirs imo.
Painful isn't it?