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Just because the market is having an off day, doesn't mean this isn't massively undervalued ! Another £5k's worth under the belt :)
Nice buy in, welcome! The value gap will close into the 70's... Great investment at these levels.
today "Fasten your belt as online trainer Learning Technologies Group gets ready for take-off" On thisismoney. Last week, serial investor Nigel Wray gave the firm his seal of approval, increasing his stake to 3 per cent. Learning Technologies creates training courses and educational programmes that employees and children can do online. Now the training is completed in eight hours online and crew can do the courses on computers or tablets, supplemented by a day of practical training. The time and cost savings for British Airways alone have been immense. It uses a course designed by AIM-quoted Learning Technologies Group. Learning Technologies shares are 20¼p and the stock should rise considerably over the next three years. The management is extremely ambitious and the industry in which the company operates is expanding Today, almost half of all training courses in the developed world are digital. Increasing regulation in almost every industry means that employees require more and more training. Digital training is generally cheaper and more flexible than the face-to-face alternative, so it is growing fast. However, the market is fragmented so most courses are provided by small firms. Learning Technologies chief executive Jonathan Satchell intends to buy up some of the best to create a company with £50million of sales by the end of 2017. Brokers expect sales of £15million for 2014 and £19million for next year, so Satchell has his work cut out. However, he is extremely confident of success. He also has more than 20 years’ experience, including the sale of training business EBC to AIM-quoted Futuremedia in 2006. The following year, Satchell joined struggling trainer Epic and bought the company in 2008 with Andrew Brode, chairman of translation group RWS (a firm that has grown substantially since Midas recommended it in 2009). Last November, Brode and Satchell brought their new outfit to the stock market and renamed it Learning Technologies. Since then, they have acquired two firms, one involved in digital training and another, Preloaded, which is focused on learning through digital games and is growing fast. Learning Technologies works with customers such as Jaguar Land Rover, delivering training for dealerships every time a new car is produced. Other large customers include the Ministry of Defence. Brokers expect profits of £1.6million for 2014, almost doubling to £3.1million in 2015. Brode is a passionate believer in paying dividends, so 0.09p is forecast for this year, rising to 0.1p next year. Midas verdict: Brode and Satchell are a strong team, they are determined to build a large successful e-learning business and, as major shareholders, they are motivated to do well. At 20¼p, the shares are worth a punt.
Yeah, given those numbers and the fact these have been in a tight range of 43-50 for the whole of 2014, these should now trade in at least the mid seventies.
“The Group’s principal strategic objective is to build up a land bank which would be attractive to a major trade buyer”. This is from the initial prospectus. The time will come when it is cheaper for one of the majors to buy Inland than to try and find new sites with the equivalent number of plots. Perhaps given the SP movement we are nearing that time?
Thanks OS. Interesting to see they value it higher than WH Ireland. Not that much higher but still, at sub 60p we are way off fair value. This will continue to re rate upwards. Lets face it, for the whole of 2014 it has traded between 45p and 50p...until now. So having broken above 50p now, it is standing at just 7p higher than its 2014 high. Far too little. Should get to 65p next week.
Good stuff OS. North we go to 70p.
lol, tell you one thing for sure, labour will not win the election and the mansion tax will therefore not become policy. with more central bank stimulus supporting the markets and a conservative majority or coalition with UKIP perish the thought - I expect London housing to really motor again after the elction. Target here for next year? Way beyond 70p that's for sure. As prices move up from the over spill from unaffordable London, margins will improve on units delivered to market for Inland and others.
yeah, mine too, what news are you seeing, good US housing sales?
Should be decent buying ahead of this. Here's to WH Ireland's and Finncap's and Simon Thompson (Investor Chronicle) target of 70p
Housing for INL will not cool. Most of its land is outside London in commuter belts. I think the only plot it hold in inner London is Woolwich, 152 units consented. Berkeley is really a Goliath in the market, a leader. INL has a tiny team of staff and management. You cannot compare the two companies by any means and the two companies would certainly not collaborate. They both know the way their jib is cut. London is cooling. Inland with its outer London and commuter belt plots and projects will prosper as London cools. Frankly London has grown so fast that theres no decent value there anymore. So people are moving out and driving prices up inn the commuter belts. Which in turn will increase INL margins.
That NG Berkeley Home joint venture will be worth £700m. There is no way INL would take over it, its a joint NG/ Berkeley operation. INL does what it does, builds value by getting planning and increasingly delivers finished units to the homebuyer market. Lets not be under any illusion that the Berkeley NG deal is relevant to INL. Its a coup for Berkeley Homes but INL will continue to deliver value in its own right. HOLD
I would have thought they'll be news on their intentions with this site very soon. "Inland acquired this sustainable one acre development site, located between the vibrant Woolwich High Street and the prestigious Royal Arsenal Regeneration. With both the DLR and Crossrail within walking distance, the site has been granted planning permission for 152 flats". Taken off the INL website. Either they'll build it out (likely if you ask me) or turn the site. (they bought it without planning, then obtained it after initial knock back on appeal). Average value of each flat must be £350k - including the affordable. 40% of that GDV is £21m. And this company has a market cap of £110m IN TOTAL. The shares are way undervalued by any measure. Am v glad to own a small shed load :)
What's the chance of that? for the land bank? Quite high I should think. But if not, 70p is a target here to reflect progress made in the last 12 months. Wicks knows what he's doing. The value is plain to see here and the market is ticking the price up to reflect it.
http://www.mideasttime.com/inland-homes-plc-stock-rating-reaffirmed-by-wh-ireland-inl/251359/
The Directors share options trigger at 70p...... They will be pushing the City to buy. No doubt though they have more good news to come, to drive the price.
That's a rerasonable FinnCap target for these