Member Info for Oi_Oi_Savaloy

Yes Ghostrider - I hesitated too, to write it (because of the inevitable racist elements to it) but there we are - sometimes you've got to put yourself out there (because I think pertinent to the analyst's criteria when assessing the stock). On the divi front - I think there will be a special too. Q4 is going to be interesting reading - they'll argue that they warned people that q4 was going to be bad (if it is bad) by saying they consistently re-stated their end of year performance (despite people saying 'that can't be, that would mean they do literally nothing in q4) from the outset (and there hasn't been an RNS to update performance, note too. And if the performance has been stellar, on the flip side, which is what I think it'll have been, I'd thought they'd have updated the market (but maybe not? interested to hear other people's opinions).

Ghostrider - I think Plus is eyed with suspicion (and thus is downgraded on the valuation) for a number of reasons. 1 it's domicile, 2 it's lack of transparency 3 previous history of shocking the market with news (memory is vague on this one - I've held plus for quite a long time but think 2016?) 4 the fact that Plus takes the other side of trades and therefore there's a chance things can go awry quickly (in the market's opinion) 5 the regulatory environment 6 they just don't like the Board of Directors 7 the imprecise tax situation because of their domicility 8 it's a part-political investment when choosing Plus (because Israel). Others will have a more reasoned (and indepth analysis) but these are my opinions on why Plus never seems to hit the same valuation metrics as their peers (cmc/Ig et al). Plus, in my opinion, could do some fairly easy things to clear alot of that up (and thus super-charge the share price) and because they haven't.....it's another mark against Plus.

The recent investment in cyber security should pay off - note the recent mass attacks on US govt departments. It just brings the current issues surrounding cyber security (and companies strategy towards cyber and data security) to the fore. That can only be good news for Drumz investment strategy imo.

Disappointing to see the Cityam article published today not mentioning Plus500 (but mentions CMC, IG, ATFX and Degiro). Ive not even heard of ATFX or Degiro! :) (but that might be a reflection on me than the article!)

Probably due to a tax payment (that's what it was 2 or 3 years ago).

I read the advfn board for - if you can ignore some of the toxicity on there of course - for more info - some posters on there often give out their forecasts.

When's the next update? And is it when they announce (potentially) a dividend too?

I still there's going to be more news prior to the xmas break - possibly they'll exchange contracts on a deal on Friday 18th December and then announce the news on 21st. That Friday is going to be very busy for alot of solicitors - it's the natural break at Xmas (with a natural/gradual quieting of business til Xmas day the following friday.) The company I work for has two contracts that are aiming for exchange on 18th December.

Some good news on the deal front - they're all STP or Option deals (hence being able to acquire the site once planning permission has been won/if it's won). It'll take another 15-24months ish to actually see the fruits of their labour, post-planning (before the first unit sales are completed) though so this is obviously good news for 2022/23 but of no consequence now (for this year/next). Technically it simly confirms they are committed to spending an absolute bucket load of money trying to capture planning on these sites!

I'm actively buying sites at the moment Dad413252. Can't see a 'private message' function on here. but somehow would like to see the details. I've exchanged on 3 sites in the last 4 months (ranging from 0.75 of an acre to 12).

I've been chatting to a fair few developers recently (a couple of people working for the big nationals - Redrows etc etc and some much, much smaller ones that no one has ever heard of but still provide a crucial role in the development cycle) and to a person they all said that current sales and forward bookings are unbelievably healthy. Now - that might not apply to Inland of course but if you look at some of the estate agent results (purple bricks I think I saw recently were up) I think it should bode well for INL. If we could just break out of 60p.......the world is oyster surely?!

I really feel that we're due for another announcement from INL. And it might be a purchase rather than a sale. I'm not on the inside or anything, have no knowledge but it's a month or so since the last rns and i just feel INL have momentum.

It's difficult to say what values Cheshunt and Wilton Park represent in all honesty (not without alot of due diligence and investigative work into the consents, the values, CIL calculations, S106 liabilities, S278 costs, affordable percentages, build cost methodologies etc etc etc). It would be wrong of me to say 'I'll do that' when I'm flat out this week and into early next too. But I will do some work on current values. But looking into the future and where values are there? I've no idea how bad it could get tbh. It's why I like the deals they've been doing with HA's - it's effectively government money and the Affordable housing will be built, come what may. Ithink, in these circumstances, to survive and live to fight another day is more important than being a short-term hero (profit) and then promptly dying in the next skirmish. Opportunities will come to those whom survive. I'm seeing it myself - so many people and companies are responding to my letters (I write to sites each week - trying to avoid agents in the hope of negotiating direct with the owners).

Alan80 - apologies - I've been so busy with work (buying development sites!) that I've not had a chance to check in to lse recently.

And lo....Mr Wicks has spoken! 2 interesting RNS's this morning (and one technical one about shares making the 3 RNS's released)- particularly the deals struck with the BTR fund for parts of two sites that INL are developing out. The HSBC facility is a good indicator too (you wouldn't draw on it if you weren't going to use it over the next couple of years. I still think there are other announcements in the pipeline but I'm guessing they'll take a breather for the moment to let the mkt digest this recent raft of news.

Ok - so I was slightly out on the timings (saying perhaps the 4th or 5th September would be 'news day on deals' but nevertheless; today's news that two have completed (and the proceeds, £25mill, used to pay down debt) is good. I'm waiting for news on the other 3 deals however (as the ones above were already in the pipeline/anticipated).

Yep - 75% needed for the special resolutions - that's what I heard on the call.

It's been a couple of weeks since my last post and it just feels like there's going to be some news - perhaps tomorrow, more likely Monday (deals usually exchange on a Friday as it's a natural deadline). Wicks will be motoring to capture the froth that's in the market at the moment (it is v v busy in the land market at the moment - I'm in it, working for a developer acquiring sites). Mad, mad market out there - so much going on with the effects (long term?) of corona to the office market, industrial, distribution, the new PD rights (permitted development), the new all-encompassing business class (which changes things in terms the high street), the presumption in favour of development that exists today, the pressure on planning departments to listen to the govt's message 'get britain building' (they wont listen.....); so much going on and I've not even touched on the effects of corona on vendor's having the time to make decisions and more important - when they've made a decision (to sell) they are acting. That, in itself, is massive. Anyway, I digress. Got a feeling there's going to be some news soon.

I also expect them to announce at least 2 land deals in the next month or so (being positive about 2 - definitely 1!).

INL have got momentum - even if they don't shout about it. it's a mad, mad market right now - such demand. and INL, I'm confident will happily capture that demand by selling some of their sites, before, perhaps, the market dies on it's arse if the economy tanks at the tail end of this year.

The news this morning is positive (and if anything INL is good at it's adding value through the planning process.....). They'll do well in Hounslow. A deceptively strong local market (particularly driven by the excellent links - 2 tube stations and BR).