Member Info for Oi_Oi_Savaloy

Nope - I got it totally wrong and you're right Blackrocktrader - apologies

Isn't it half a pence (ie 0.054 rather than 0.54p) - that's how I read it. I initially read it like you but thought that that was too good to be true! I might be wrong though and you right! :)

Any ideas why the share price is steadily rising? Any news I've not heard about?

I think they also finance developments chaps. I think that's where the real money might be made. In this market - development finance might give quicker returns (12 - 18mths) rather than 3 years? Just a thought. Ive not looked into energi too much just yet. But to my mind - it's no brainer for them to assess oppo's - they'll also probably take equity stakes in developments too (through the finance arm) if it looks like a proper deal

Staycalm; I honestly think it's worth more than a £1. Why? I don't think anyone has really grasped the Cheshunt deal and it's implications. It's massive. Out of all the developers Tesco chose Inland to partner with. Now I know it was a tender situation so perhaps they paid the most, at that particular point in time, but I think everyone forgets that developers don't just capture the initial planning permission and then rest on their laurels - they don't build a 200 unit scheme in one go - they'll start on the first 20 (to bring to market and sell) whilst constantly tweaking the design, planning and build cost (through design improvements) as they go the rest of the site. On the Brentford scheme (GWQ) when I was at Barratt West London they improved the original planning permission something like 20 times (and that was just on the masterplan, never mind each block of apartments). I really feel that £1 undervalues what they have. BUT on the flipside of this - that's my opinion - I thought the 95p was a valuation done prior to the Tesco announcement. What little I have allocated for housebuilders is in INL and Barratt incidentally.

Last year's looked like this Money Grabber: Interim 15/09/2016 17/11/2016 23.24¢ Special 24/03/2016 11/05/2016 33.62¢ Final 24/03/2016 11/05/2016 29.22¢ Interim 07/01/2016 29/02/2016 21.21¢ Special 19/03/2015 15/05/2015 26.57¢ Ignore the special divi and look at the interim dates. Might be an announcement today or tomorrow? Maybe next week?

Just talking about London and Brexit and the housing market. There might be a wobble when Article 50 is signed imo. Could be a big wobble, could be small. I'm really not sure what to think (I think it's going to be a big wobble but then I'm a pessimist as my wife continues to remind me). But that's short-term, maybe even medium term (3-5 years). I just think that whatever happens London's strengths will continue in the long term. My greatest worry is affordability actually. That's why I like Inland - they aren't chasing the £1,000psf areas. They are concentrating on areas where 1 bed apartments are roughly £200k to £350k, 2 beds are £300k up to £500k and 3 beds are up to £650k. I realise those are still big numbers to many of us but in my view there are always going to be buyers at those sorts of levels (I know, can't believe I'm saying it either). Things start to get much stickier above the £650k mark - it's part of the reason why I'm looking for land beyond Zone 4 (basically zone's 5 and out to the M25). Just my opinion of course but thought some of you might be interested.....or not! :)

I buy land for a living (in London). I'm also a shareholder in Inland. I dont work for Inland (I stress) or have any affiliation with them. I don't know Wicks (or Malde) personally either but I have seen what they (and Paul Brett, the Land Director) have bought and delivered planning on, in recent years, what they have sold and generally followed closely how they have gone about their business. It's precisely why I invested to be honest. In my opinion they know what they are about. They sold their Acton site (having achieved a very good consent) for a very good price - and timed it right - I'm not sure there is the same appetite now for a site like that if they decided to bring it to the market. I also like the Tesco deal they've done too. Not just because of that particular deal but because it opens the way for other deals with Tesco down the line the potentially. Tesco aren't easy to deal with - half the battle is working out how to construct a deal with them that will pass the Board's due diligence. But once you've done one, in my opinion, it's far easier to do more as you're now a known entity, the deal structure, for the most part, is understood and you've got momentum. I wouldn't be surprised if they do more of the air rights deals that tesco were in the press about recently. It's a no brainer imo. Beaconsfield is also a quality area too. I'm in for the long term at the moment and I don't see anything to dissuade me from holding that view. I don't know what else the Directors have got going on so can't comment on that I'm afraid.

I don't think Pidgeley is that machiavellian (spelling!) tbh. Don't forget they've got some other excellent people in that business - Perrin being one of them. They've got an excellent land bank, they're not buying land at the moment (but are just biding their time), build an excellent product - they're a good outfit imo. It's a quality company buying land within the M25. I'd rather be within the M25 than out of it I'm afraid (sorry if that offends people).

Are they due to announce another dividend soon? Or am I holding out for no reason - I'm practically back at parity at £5.31. The question is; is this a blip (someone forcing the share price down to shake out some small investors) or is this a sign of a long term decline?