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Yep, this is only going one way this year and the next. Money just in from a property remortgage goes straight into this. I now hold over 480,000 shares.
capital tranasaction market will contract by 20% ahead of the election.
"And South East England focused house builder Inland Homes (LON:INL) is favoured by the broker because of its 4,000 plot land bank, which is not being recognised in the stock market value."
80p is a short term target here. Can see that coming by end of March. Reporting season for construction sector will drive this nicely up wards, WH Ireland have a 100p sum of parts valuation on this. It is massively undervalued at 60p.
oh well, onto the next one hahaha
Surprising choice of funding partner as he's so associated with prime London. Perhaps another indication that prime London peaked some time ago and now the hay is to be made outside London as local authorities sell off brown field land to plug their own funding gaps due to austerity.
yeah, people piling in ahead of a new year push upwards during the property sector reporting season..... Can see these breaking 60p and going into the 70p - 80p range Maybe those takeover rumours are indeed doing the rounds?
looking good for a break of 60p......
Is fair value. The whole sector is taking a pause. Q1 is reporting season for the sector. Expect this to appreciate in the first 3 months of 15. This doesn't do much, but I'd rather it stayed still than dropped. Patience will be rewarded.
again for me :)
Where did you 'gear the rumour'? From Dave down the pub? We all want the SP higher. Imaginary rumours or no imaginary runours
Total claptrap Not even a half decent attempt at a ramp
is a rip off. Tens of thousands of pounds to sell? Less and less people are prepared to pay hounds like Foxtons that kind of money to pick the phone up. The whole sector is changing. if Foxtons et al don't change too...they will go the way of the dinosaurs. They've been on the gravy train long enough. High street office? Fleets of Minis? hahaha What an anachronism this company is. Target here is 100p or less in the next 12 months, I don't care what anyone says to the contrary. This sucker is going DOWN.
They won't get the increased asking prices. Buyers are not that dumb.
According to WH Ireland and Simon Thompson in IC. Why tf its languishing sub 60p still, I have no idea.
Hall notes that his target price of 70p is "substantially underpinned and looking conservative if current progress sustained." I would agree. Analyst Nick Spoliar of broker WH Ireland has sum-of-the-parts valuation of 100p a share and raised his target price from 70p to 80p post the trading update. Trading on 12.5 times finnCap's EPS estimate of 4.7p for the June 2015 financial year-end, falling to less than 11 times EPS forecasts of 5.5p for the year after, the shares are not highly rated either given the potential for valuation creation in the land bank. In fact, mark land holdings to market value and the price-to-book value ratio is modest. A 1.5 per cent prospective dividend yield adds to the attraction.
received by email: ... just written in today's Investors Chronicle I also noted last week's upbeat trading statement from Inland (INL:59p), the small cap homebuilder and brownfield land developer. In the first half to end December 2014, the company has so far completed on 161 homes which is more than the 114 units sold for the whole of the last financial year and almost 60 per cent of the 270 forecast for the current fiscal year. Housing revenue of £38.4m equates to a blended average per unit of £233,000, but looking through the impact of bulk sales, underlying prices achieved topped the £270,000 estimate from analyst Duncan Hall at broking house finnCap. Moreover, second half reservations total £30.4m to date, implying that the 270 sales forecast is more or less in the bag. The pipeline of land deals is equally robust: Inland currently has planning applications submitted for 545 residential units and 7,700 sq ft of commercial space across four sites. In the past six months, planning consents or resolutions to grant planning permission have been received on five sites for 393 residential units and 205,000 sq ft of commercial space. In addition, the company has made representations on seven strategic sites for the delivery of up to 1,500 residential homes and made pre-application submissions on six sites for 892 residential homes. Factoring in the recent land deal with Southampton City Council, details of which I outlined five weeks ago ('New highs beckon', 4 November 2014), this means that the company's land bank is now in excess of 4,000 plots, up from a record 3,700 plots at the time of the full-year results at the end of Sep
Good man. Me too. I think we will have a good run between now and 2018 if housing market forecasts are anything to go by. My betting is it gets bought by a major in 2015 or 2016.
you selling afterwards Bazz? I'm not. Cheapest builder on the exchange.
Record date 12/12, payment date 9/1