This is a property Development Co floated at 50p

- and now just 8.5p

Having bought several "brownfield" sites and Poole Investments [PIV] which had a lacklustre performance, having been previously a tile company - PIV finished at 5.8 pence (DYOR).

Didn't any of those Investors ( April 08 at 50p) think that "Housing" might be a tad over-supplied? . . . INL now 8.5 (loss is 83%- oops).

Still, there are some venues for mudlarking-about....for the next four years - does anyone know the Directors' Salaries and available cash?
Can they hold-back?
EDIT(19DEc08)- sp up 10% on zero-volume (MM's hoping the extended Credit will make punters pile-in!). Now 7p to buy...oh deary.

A useful analysis in this article: www.uk-analyst.com
Anyone else interested in inland?

I am very interested in Inland as I know the directors. In at begining 50p for friendship expensive. Averaged at 13. Went to AGM in November where directors were questioned for an hour. Very positive. Returned from AGM and brought more at 17 and even put my wife in which is quite daring.
This time next year I hope I will be feeling much better.

Talk on other boards of a 5 bagger but I'm not sure myself.

Inland have now received planning approval to develop the old RAF site at Hillingdon from both the local council and the London aurthority which is alleged to be worth at the end of the day some 400M?
In this market I do not expect miracles but I would have expected to see the shares at 22p. It should also be noted the FD bought shares a few weeks ago at nearly 19p.
Mitzy talked of a 5 bagger in Jan. Lets hope the market has is wrong again. Time will tell but the SE needs more houses come what may.

From hemscott premium

forward P/E to 2011 of just 8.6........way undervalued imo.

Broker Analysis......

PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Growth Equity & Co Research
02-08-10 BUY 0.20 0.11 5.00 2.00

FinnCap
04-03-10 HOLD 1.50 0.90 2.00 1.80

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 0.48 0.28 4.35 1.96

1 Month Change -1.02 -0.62 2.35 0.16
3 Month Change -1.02 -0.62 2.35 0.16


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % 596.44%
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA -4.10m 0.30m 1.50m
EBIT -4.13m m m
Dividend Yield % % %
Dividend Cover x x x
PER -3.69x 60.50x 8.69x
PEG f f 0.02f
Net Asset Value PS 24.90p p p

Broker report SP target 30p.

13th October 2010


Analyst: Jon Levinson
E-mail: jon.levinson@gecr.co.uk
Tel: 020 7562 3357

Inland* Finals Buy at 18.75p; Target Price 30p Key
Data



EPIC
INL



Share Price
18.75p



Spread
18.25p 19p



NMS
10,000



Total Number of Issued Shares
182.99 million



Market Cap
GBP34.31 million



12 month Range
13.25p 22.25p



Market
AIM



Website
www.inlandplc.com



Sector
Real Estate



Contact
Nish Malde/Stephen Wicks
Finance Director/Chief Executive
01494 762450


Results for the year to June 30th 2010 from Inland, published on 11th October, show clearly that the recovery in trading, already evident at the half year stage, has accelerated. The company reported a pre-tax profit of GBP1.05 million, which compares with a loss of GBP10.47 million reported for 2009. The liquidity improvement theme remains a priority for Inlands seasoned management team and hence gearing was slashed from 47.3% to 34.2% and net debt at the period end was just GBP6.7 million. The continuing priority is to generate cash flow in order to reduce bank debt and settle outstanding deferred land payments. The GBP1 million due to be paid by March 2011 is already covered and Inland is on target to repay GBP5.2 million of bank borrowings by the end of the first quarter of calendar 2011

Inland develops urban regeneration projects in South East England. It buys Brownfield/ex-MoD sites with the objective of adding value by securing planning permission and then selling the assets on to developers and residential homebuilders. Although more a pragmatic cash generating activity than a core activity Inland is also building residential sites while the commercial property market recovers and during 2010 sold 158 building plots and 10 completed apartments in Byfleet.

The UK planning permission process is oblique and there is often a lengthy consultation period involved which can frustrate house builders. There is currently an added state of confusion due to the Localism Agenda. The Inland team has considerable experience of the planning system, and the directors have shown that they can successfully obtain permissions. The South East and M25 Circle are the most densely populated areas in Europe but remain a desirable housing development area and house prices are proving to be more resilient than elsewhere in the UK.

Inland reported with its results that the larger house builders are showing significantly more interest in buying land to replenish their land banks than was the case even six months ago. Inlands diversified development portfolio contains four major sites accounting for 1,742 plots of which 1,252 are now consented for planning permission. There is an off-balance sheet joint venture at West Drayton, where planning permission has been granted for 773 units and 55,000 sqft of commercial space comprising a nursing home, primary care trust and some office space representing a gross development value of around GBP185 million. This development is held in a joint venture where Inland is entitled to a minimum of 35% and a maximum of 90% of the net profit subject to certain financial criteria being met. The development timing of this flagship project could significantly impact on our forecast for 2011 and beyond assuming 90% profit share this could cautiously give a value of 8p a share assuming GBP16 million profit. The land bank under control has a carrying value of the inventory for sale of GBP35.15 million and the net asset value is GBP44.5 million, which equates to 24.3p a share.

Inland is run by the team of Stephen Wicks and Nish Malde who founded house builder Country & Metropolitan which was floated in 1999 with an initial market capitalisation of GBP6.9 million. It was bought 5 years later 2005 for GBP72 million and the intention is to deliver a similar performance with Inland, the teams current vehicle. The management team are seasoned industry veterans and with a significant equity stake their interests are aligned with those of other shareholders.

Since the year end two sites have been sold for GBP4.4 million with an agreement also reached for the sale of 148 plots and 40,000 sqft of commercial space for GBP17.7 million. We have rebased our current year pre-tax profits forecast to GBP1.5 million but this includes nothing for West Drayton and hence the risk is very much on the upside. Moreover, West Drayton could plausibly generate cashflow of GBP22.5 million for the group which would leave it with enviable balance sheet strength. We estimate that by June 2011 year end the NAV should be 25.6p although West Drayton could add another 8p per share to that figure. Our price target is set at 30p a discount of c10% to the NAV including West Drayton and, at 18.75p, our stance remains buy.


Forecast Table




Year to June 30th
Sales (GBP million)
Pre-Tax Profit (GBP million)
Earnings Per Share (p)
Dividends Per Share (p)
Year End NAV
PE Ratio
Yield (%)



2009A*
5.219
(10.467)
(3.15)
0.00
24.9
N/A
0.0



2010A
16,542
1,051
0.68
0.00
24.3
29.4
0.0

2011E
22,500
1,500
0.57
0.00
25.6
35.1
0.0




* Before exceptional items, #Excludes fees from West Drayton.





*Inland is a corporate client of Rivington Street Holdings the ultimate owner of GE&CR. The SF t1ps Growth Fund which is managed by an RSH subsidiary owns shares in Inland

The latest company update should help the market to understand this company. Good sites with planning permission inside the M25 are difficult to find which makes West Drayton unique and with their other assets they can look forward to a better 2011. I believe 30p is a good target. Its been a slow developer but better times are coming.

How's that then?
20p this time last year, now having repaid their loan they are 14.5p
Someone's in the know.
And I can't find any mention of this Capital Reduction, 14 Oct 2011 was mentioned, but I see no Co.News about it.
Invariably shareholders will be the last to hear, so, . . . . . anyone else?

I worry that they may have borrowed to repay that Bank-loan - did they have cash to spare.... seems unlikely with sp being so low...

I think we understand the company - no-one is buying property. That's it.

In at 24p on Friday-
A bargain share in this weeks IC- The company could have 770 consented plots worth £46m or 25p a share by its June financial year end and with pre-tax profits set to more than double from£1.6m to £3.4m as revenues soar from £6.1m to £20m, expect bumper financial results when Inland issues figures in the third week of March.

Ah, so the sp might get close to the float-price . . . the Wonders of Management, eh?

Just seen 50p float price, they have not had a good run.

:-)

Half Yearly Report

Key financials

· Trading profit for the period increased to £4.3m (2011: £2.3m)

· Profit before tax increased to £3.1m (2011: £1.1m)

· Net assets (excluding Drayton Garden Village) increased to £51.7m (2011: £49.4m)

· Inland continues to have very low gearing and a strong balance sheet



Key commercial highlights

· Profitable land sales achieved of 355 building plots with revenue of £15.4m

· Excellent progress and expansion of our housebuilding programme

§ Generated revenue of £3.12m in first half

§ Inland currently building 146 homes on four developments

· Planning permission awarded at Carters Quay in Poole, Dorset for 268 homes

· Inland to expected to realise investment in Howarth Homes plc by the end of the financial


http://www.moneyam.com/action/news/showArticle?id=4558087

Inland Homes sees profits soar as home and land sales rise
Wed 20 Mar 2013




LONDON (SHARECAST) - Inland Homes reported a three-fold rise in half-year pre-tax profit on Wednesday on the back of strong land and home sales.

Pre-tax profit for the six months to the end of December 2012 rose to £3.1m from £1.1m for the same period a year earlier.

The UK housebuilder posted revenues of £19.31m, up from £3.66m in 2011, driven by a £15.35m sale of 355 land plots.

During the period, the company made significant progress on housebuilding projects including 146 homes on four developments.

Inland was also awarded planning permission for building 268 homes at Carters Quay in Poole, Dorset.

Net assets increased to £51.7m, compared to £49.4m the previous year. Trading profit for the period grew to £4.3m from £2.3m.

"I am pleased to report an excellent set of interim results,” said Chief Executive, Stephen Wicks.

"Gross profit is up by 87.6% and profit before tax has increased by 183% over the corresponding period last year.

"Our development pipeline from both a housebuilding and a land perspective has never been stronger and we are looking forward to substantial further growth over the coming years."

A dividend of 0.067p was paid to shareholders on December 17th and Inland said it expects to recommend a "substantially increased dividend" for the financial year ending June 30th 2013

Today's budget can only be good for INL

Chat with the Boss

A buy in this weeks IC - Momentum building at Inland


The company's transition to house building should also spark a re-rating.

DC
Was it a big write-up in IC ?
I can't get the text

djalan, Just a third of a page.Looks good.

Momentum building at Inland

Aim-listed planning specialist Inland Homes (INL) enjoyed a very fruitful first half, selling 355 consented building plots for £15.4m and 15 new homes for an additional £3.1m. Chief executive Stephen Wicks says its success had more to do with the timing of permissions and sales - the prior year was a somewhat barren one - than the government's attempts to unblock the planning system. "It's got no easier to get planning permission - quite the contrary," he says.

The company's net assets swelled 4.7 per cent to £51.7m as the cash rolled in from sales. But that substantially understates its underlying value since the 1,931 residential plots are held on the balance sheet at cost. It also excludes likely gains from Drayton Garden Village, a venture with the Ministry of Defence from which Inland is due to receive at least 5p a share in development profits.

In time, Mr Wicks wants to turn the company into a more conventional housebuilder by developing homes on a higher proportion of its consented plots. He expects Inland to build 300-400 homes a year, with 200 due to be under construction by June. The cash generated will be used to buy more plots in the South East, particularly from the cash-strapped Ministries of Defence and Health and from book-cleansing banks.

Broker finnCap has upgraded its adjusted EPS forecast for the year to end-June 2013 from 1.5p to 1.8p (from 0.4p in 2012).

DC
Many thanks for that; much appreciated

Land Update

RNS


RNS Number : 3864B

Inland Homes PLC

03 April 2013




For Immediate Release

3rd April 2013



Brownfield regeneration specialists and housebuilders



Inland Homes plc

("INLAND" or the "Company")

Land Update



The Board of Inland Homes plc is pleased to announce that a further deferred land consideration payment on the project at West Drayton has been made to the Defence Infrastructure Organisation.



In accordance with the Option and Development Services Agreement with Drayton Garden Village Limited, Inland's profit share from this project now increases to 72.08% as a result of this payment.



Under the agreement, the Inland Group has the potential to earn up to 90% of the profits realised from the sale of the property over the life of the project.



The Board is also pleased to confirm that pursuant to the announcement made on the 20th March 2013, Inland has now completed the sale of its stake in Howarth Homes plc for a cash consideration of £1.4m, which has now been received.



Stephen Wicks, Chief Executive of Inland, commented:



"These transactions mark further positive progress for Inland. It is particularly pleasing to have achieved our exit from the equity of Howarth at a satisfactory figure. These proceeds will be re-invested in our growing house building operations. We continue to have a good on-going relationship with Howarth as one of our key building contractors and our joint venture partners on the Croxley Green development."

Inland successful in first round of HCA bidding

RNS


RNS Number : 6188C

Inland Homes PLC

18 April 2013




For immediate release

18 April 2013





Inland Homes plc

brownfield regeneration specialists and house-builders



Inland successful in the first round of Build to Rent bidding





The Board of Inland Homes plc ("INLAND"or "Company") is pleased to announce that it has been successful in the first round of bids in the Government backed 'Build to Rent' initiative which is being administered by the Homes and Communities Agency (HCA), the national housing and regeneration agency for England.



The successful parties for the first phase of the two stage selection process were informed on 16 April 2013 and this covers 45 projects and a total of up to 10,000 new private homes constructed for private sector rental. The next stage of the selection process will involve competitive clarification with the HCA to refine project details and to confirm the £15 million loan across two sites bid for by Inland.



Projects were chosen on the basis of deliverability, value for money and local housing demand. The Fund is a fully recoverable, commercial investment where the Government will lend money to developers at very reasonable rates of interest to allow schemes to be built, managed and let. The funding available through the scheme can be used to cover development costs such as land, construction and the setting up of long term lettings management. Once the schemes are let, the developer will sell on its interest or re-finance to repay the loan provided by the HCA.



Stephen Wicks, CEO at INLAND commented:

"We are delighted to have been successful in the first round of bidding; we are confident that by applying INLAND's expertise in planning & development we can help to shape local communities and stimulate new private housing supply, which in turn will attract new institutional investment into the sector and create long term value."

up 9.95% today

Handsome gain today; not sure why - no news - no increase in volume

I was going to say why ? :-))

We typed in tandem

Weekly chart

No advice intended

Just had to get my sunglasses. :-))

Chuckle !!

The one analyst offering a 12 month price target expects Inland Homes PLC share price to rise to 33.00 in the next year from the last price of 29.63.

Sold my holding, been in since 24p.

Still hanging on
INL is my largest ££££ holding

The Innovation & Growth Investor Evenings offer a fantastic opportunity not only to hear about the latest plans from some of the most exciting listed and innovation-led companies, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people that make the market.

Each evening conference is tailor-made for private investors who are actively looking for new investment ideas and opportunities. It is for those who already have investments, or are looking for exposure in companies that potentially offer strong growth potential.

Attendance is FREE, but places are strictly limited, so register now!

REGISTER NOW

Supported by:

Date: Monday 17th June 2013

Venue: Novotel Tower Bridge, 10 Pepys Street, London EC3N 2NR

Evening timings:

18:00 - 18:30 Registration and coffee
18:30 - 20:30 Presentations
20:30 - 21:30 Drinks reception and canapés



Companies presenting include:(more to be announced)


Inland Homes (INL)

Inland Homes is a dynamic developer of urban regeneration projects around southern England. Predominantly specialising in brownfield developments, our highly experienced team can provide solutions to a variety of difficult and sensitive land situations.
Inland Homes successfully navigates the complex planning system, applying meticulous attention to detail throughout the design process whilst utilising our close working relationships with local authorities. Our ability to identify and control sites has resulted in our track record in the development of brownfield opportunities to be second to none.

Speaker: Stephen Wicks, Chief Executive Officer


Corero Network Security (CNS)

Corero Network Security plc’s mission is to be a leading network security systems company delivering solutions to address the challenges organizations face in protecting their IT systems and networks and on-line assets from the threats of cyber crime.
Corero Network Security plc’s strategy is to acquire IT network security businesses or assets to develop a comprehensive suite of IT and network security products, encompassing hardware, software and subscription based services, to address the network security challenges encountered by mid-market and enterprise organisations as well as telecommunication service providers.

In March 2011, Corero Network Security plc acquired Top Layer which now trades as Corero Network Security.

In addition, to Corero Network Security plc’s security focused business, Corero Business Systems serves the business and education sector in the UK by delivering powerful, dynamic modular accounting and business management software and services.


Speaker: Andrew Miller, COO and Executive Director



REGISTER NOW

I would like to attend but am here in Malta until the end of June
INL steaming nicely; closed at highest SP for about 5 years !

Inland Homes PLC (INL:LSE) set a new 52-week high during today's trading session when it reached 32.50. Over this period, the share price is up 79.17%.

SP down; I suspect due to lack of news-flow

Buying opportunity ?

Cracking update
Here

very good, ;-)

As mentioned elsewhere; tipped in Mail on Sunday

Link

On the bounce today after the recent retacement, some were paying premium for larger trades
It seems all buying so far

A very Bullish update a couple month ago, results are due, last Year were 4 October 12

TRADING UPDATE / Tuesday 23 July 2013
Inland Homes PLC

The Board of Inland Homes provides the following update on its activities ahead of its Preliminary Results announcement for the year ended 30 June 2013.
The Group has performed strongly with profitability ahead of market expectations.
House building programme
The decision to substantially increase Inland Homes' own house building programme is proving to be very successful. By the end of June 2013, the Group achieved the sale of 55 homes (2012: 9 homes) generating revenues of GBP11.4 million (2012: GBP1.7 million).
Inland Homes and Drayton Garden Village Ltd ("DGVL") have a combined development programme of 453 homes across seven sites with current forward sales either agreed or contracted at GBP42.5 million.

Land
During the course of the year, a number of notable planning permissions were achieved including 265 plots at Carters Quay, Poole and 101 plots at St John's Hospital, Chelmsford, Essex.
Inland Homes also witnessed strong demand for its 'land with planning permission' and in the financial year just ended, the Group disposed of 355 plots (2012: Nil) generating revenues of GBP15.35 million; DGVL sold a further 76 plots (2012: 116 plots) realising revenues of GBP5.30 million (2012: GBP6.7m).
Despite an increasingly competitive land market, prior to the year end Inland Homes secured further opportunities including options over a number of sites and exchanged contracts for the unconditional purchase of four further sites for a total consideration of GBP9.0 million. These opportunities provide the potential for an additional 366 residential plots. Our objective remains - to increase our land bank year on year whilst growing the number of plots built out and sold.

Group finances
After considerable investment in land and work in progress, including the payment of deferred consideration of GBP6.1 million, the Group finished the financial year with cash balances of GBP12.2 million and net borrowings of GBP3.7 million.
DGVL has also made a further reduction of the outstanding deferred consideration which further increases Inland Homes' profit share from DGVL to 74.4%. The Board expects Inland Homes' profit share to increase to 90% by the end of March 2014.
Summary
We are experiencing strong interest from both developers and housing associations for plots with planning consent and post the financial year-end we remain in dialogue with a number of parties in this regard.
Stephen Wicks, Inland Homes' Chief Executive commented:
"The Board is delighted to provide this trading update reporting a strong performance by the Group with profitability ahead of market expectations.

We have positioned Inland Homes with a clear sustainable strategy for the future with the following key characteristics:
-- growing the size and quality of our underlying land bank year on year;
-- increasing our direct house building activities to become a major regional house builder;
-- to maintain the core activity of selling consented building plots to other developers; and
-- keep a strong focus on our very healthy financial position. We look forward to updating the market and our shareholders in more detail when we report our Preliminary Results." 23 July 2013

Site Acquisition

Inland Homes is pleased to announce that it has exchanged unconditional contracts to purchase two empty office buildings in Station Road, Gerrards Cross, which was recently described as Britain's third wealthiest postcode*, Buckinghamshire.

In accordance with new legislation brought in by the Government in May 2013 to promote office to residential conversion, Inland Homes has applied to South Bucks Council under "prior approval notification" procedures that it intends to convert the buildings to residential units.

The buildings, which total 13,000ft², will convert into 30 apartments and satisfy the criteria set out in the new legislation. It is anticipated that all the units will be available for private sale.

It is intended that work will start on the development in January 2014.

Bought 5000 at 39.96p.
Good write up by Simon Thompson in IC

Transactions at Drayton Garden Village

Inland Homes today announces that Drayton Garden Village Ltd ('DGVL'), with whom Inland Homes has an Option and Development Services Agreement, has exchanged contracts to sell 107 apartments at Drayton Garden Village to Paradigm Housing Association.

The land sale is part of a turnkey package including build costs to provide 107 completed units for the sum of £21m.

Additionally, DGVL has also exchanged contracts with Sainsbury's supermarket to enter into a 15 year lease to occupy a 4,000 sq ft commercial unit for a "Sainsbury's Local" at a starting rent of £64,000 per annum.

Preliminary results for the year to 30 June 2013

Group Highlights:
· Record results reflect combination of increased plot sales to developers and growing focus on housebuilding activity in order to maximise value of the Group's land bank
· Significant increase in housebuilding activity with 55 (2012: 9) homes sold generating revenue of £11.4 million (2012: £1.7 million)
· Strong developer and housing association demand for consented land; 375 (2012: nil) plots sold generating revenue of £16.4 million with DGVL separately selling a further 76 (2012: 116) plots realising revenue of £5.3 million (2012: £6.7 million)
· Land bank increased to 2,306 plots with 1,057 consented
· Planning permission granted at Carters Quay, Poole and St John's Hospital, Chelmsford
· Strengthened capital base through successful fund raisings totalling £13.7 million
· Four fold increased dividend reflects balance sheet strength

Post year end highlights:
· DGVL exchanged contracts to sell 107 apartments at Drayton Garden Village ('DGV') for £21 million on a turnkey package, which the group is managing on behalf of DGVL
· Purchased office to residential conversion site in Gerrards Cross, Buckinghamshire

Outlook:
· Group's housebuilding activity has had a strong start to the year; forward sales (Inland and DGVL) of £46.3 million secured and 486 units under construction; expect significant increase in number of homes sold
· Experiencing robust demand for consented land
· Market supported by Government initiatives; Group well placed to exploit opportunities

on today's results

Inland Homes on firm foundations – Buy at 40p

Aim-listed Inland Homes (AIM:INL) has produced strong full year results and is a firm buy at 40p.

The developer and house-builder increased profits for the year ended June 30 to £5.2m (2012: 1.6m), on revenues of £31.1m (2012: £6.1m). The record results were driven by a combination of increased plot sales to developers and a growing focus on housebuilding activity in order to maximise the value of the group’s land bank.

The company upped its dividend fourfold to 0.27p a share, payable on January 6, 2014 to shareholders on the register as of December 6.

Inland’s year end cash balance was £12.2m compared with £0.6m a year ago, while reported net asset value (NAV) per share was 28.7p (2012: 27p). Underlying NAV is 34p, as its Drayton Garden Village development adds 5p of profit entitlement.

Stephen Wicks, Chief Executive, commented: “It has been a very good year for Inland. Our strategic move to increase the group’s housebuilding activity has proved to have been well timed, while we continue to make progress in growing our land bank in terms of both size and quality.

“The group is well financed and with market conditions in our favour, we are confident of making further progress throughout the course of this financial year and beyond.”

In a note issued today House broker Finncap increased its target price from 50p to 60p. Its analyst Duncan Hall commented: “Inland has grown its land bank to 2,306 plots and is beginning to harness the development upside through a progressive house-building programme. Unit sales will rise quickly from 55 in 2012 to over 240 by 2015. We raise our target price to 60p (reflecting 1.8 times the NAV multiple), with the upside potential to come from the land bank gearing to land prices and the positive cash flow from housing sales once the initial ramp-up has passed.”

http://www.safestocks.co.uk/wordpress/?p=557

Impressive candle.

One of Simon Thompson's picks! And a lovely minor breakout. Should settle at 50p and then towards Finncap target price of 60p!

Very happy with a closing price of 49.25 but the company is in a sweet spot operating in the south east. I am sure 60p will be within reach, may take a while though.

Agreement signed for Wilton Park, Beaconsfield

Inland Developments Limited, a company controlled by funding partners of Inland Homes, has recently concluded an agreement with the Defence Infrastructure Organisation ("DIO"), which is part of the Ministry of Defence, for the purchase of the Defence School of Languages site at Wilton Park, Beaconsfield. The site is part of South Buckinghamshire Council's core strategy for the development of a high-quality,residentially led mixed use development of up to 300 homes on this prime site.

Inland Homes has signed an agreement with Inland Developments Limited to exclusively negotiate a Development Services Agreement ("DSA") to be entered into in respect of the management and development of Wilton Park. The DSA is expected to be finalised by 31 March 2014.

As described in the announcement dated 10 October 2012, the Group is the owner of a substantial parcel of land which is the preferred access route to Wilton Park and fundamental for the development of this site.

SP smashed down today
Not sure why ?

It will bounce back. All builders have been down after B of E announcement.

Half Yearly Report

Group Highlights

· Group delivered a strong performance;

· Expansion of housebuilding activity proving to be well timed and is delivering results; including sales from Drayton Garden Village ('DGV'), 47 homes sold in the period (2012: 15);

· Current land bank increased to 3,114 plots, a record level;

· Group in strong financial shape with gearing maintained at low levels.


Outlook

· Continuing strong demand for 'oven ready' consented land from housebuilders;

· Market conditions remain favourable, with 'Help to Buy' a key selling tool; extension of scheme to 2020 provides clarity and visibility;

· 486 homes under construction (including units managed on behalf of DGVL) with a forward order book of either reserved or contracted sales totaling £47.1m; expect to complete the sale of approximately 140 homes between Inland and DGV in the current financial year;

· Healthy pipeline of opportunities, with sufficient finance to increase land bank and continue to accelerate housebuilding activity;

Land Update - Transactions on three new sites with total GDV of £115 million

Inland Homes, the specialist housebuilder and brownfield land developer, today announces that it has recently exchanged contracts for the purchase of a site at Southampton in Hampshire and entered into options over two sites in Little Chalfont and Holmer Green, both of which are in Buckinghamshire. These sites have the potential for 620 plots.

The seven acre site at Southampton is the home of the former Meridian television studio, located to the east of Southampton city centre in a very prominent location fronting the River Itchen. It was purchased from West Register, which is part of The Royal Bank of Scotland. Inland Homes intends to create a residentially led development, comprising up to 350 residential units along with commercial space, with a planning application anticipated to be submitted in the second half of this calendar year. Consideration for the site has been agreed in a phased manner, with an initial payment of approximately 7.5 per cent of the total agreed consideration paid on exchange of contracts.

The Group intends to seek planning permission for up to 200 residential units at Little Chalfont and up to 90 residential units on the nine acre site at Holmer Green.

The combined potential gross development value of these three sites amounts to £115m.

Following the above transactions the Group's land bank is as follows:

Owned with planning consent (including those managed on behalf of Drayton Garden Village) 992

Owned/contracted without consent 843

Plots controlled or terms agreed without consent 1,730

Total 3,565

Accrued value and Asset Cover

The Board of Inland ZDP PLC is pleased to announce that as at 31 March 2014, Inland Homes plc had complied with all its covenants under the Loan Note, Contribution Agreement and related security documentation.

As at 31 March 2014, each ZDP Share had an accrued Capital Entitlement of 109.4 pence.

The Cover Ratio and Gearing Ratio as at 31 March 2014 have been calculated as follows:

Cover Ratio (Assets / Financial Indebtedness) 2.8 times
Gearing Ratio 30 per cent.

Capital Entitlement, Assets, Financial Indebtedness, Cover Ratio and Gearing Ratio have been determined as set out in the Prospectus published by Inland ZDP PLC on 14 December 2012, which is available at: http://www.inlandhomes.co.uk/inland-zdp-plc/.

Trading Update

The Board of Inland Homes today provides the following update on trading ahead of its preliminary results announcement for the twelve months ended 30 June 2014, which will be announced in September 2014.

Inland has delivered a strong performance in the year to 30 June 2014 and will report preliminary results that are ahead of market expectations. The Group has made progress in all areas of its operations, significantly growing its landbank, delivering a substantial increase in the number of residential unit completions and continuing to generate value from sales of land with planning permission to volume housebuilders.

Expanded housebuilding programme developing according to plan and delivering results

As previously reported, the Group took a strategic decision to increase its housebuilding activity in order to take advantage of market conditions and extract maximum value from Inland's landbank. There has been a substantial increase in the number of residential unit completions, with the housebuilding activity playing an increasingly important role in generating Group profits.

In the financial year, Inland completed the sale of 114 (2013: 55) open market residential units (including the units being managed on behalf of Drayton Garden Village Limited ('DGVL')) delivering substantially increased gross revenues.

Inland Homes' share of profit for the provision of development services provided by the Group to DGVL has also increased to the maximum limit of 90 per cent.

Margins generated on the sale of residential units have continued to improve and are ahead of budgeted expectations, reflecting continuing strong demand for housing in the areas in which Inland operates. The Government's Help to Buy scheme remains a key selling tool, with 54 per cent of the Group's total private residential sales being made through the scheme.

Currently, the Group has 492 units under construction across nine sites (including the construction of 150 units managed for DGVL) with a record position of forward sales either agreed or contracted of £57.5 million (including sales managed on behalf of DGVL). Of particular note is the development of 152 units at West Plaza in Ashford where forward sales are currently £22.5million.

Continued landbank growth

The Group's overriding strategic goal is to continue to grow its landbank and add value by using its core skill set of navigating the planning system in order to secure planning permissions. Inland has had a highly productive year in this aspect of its operations, delivering total landbank growth of 57 per cent since 3 October 2013.
Demand for Inland's consented land from housebuilders remains strong, with 169 plots sold during the period (including plots sold by DGVL). The Group has recently received planning consent for 253 residential plots on two sites in Woolwich, South East London (152 plots) and in Ipswich (101 plots).

Balance sheet remains robust; sufficient financial firepower to drive future growth

The Group's cash balance stood at £11.2 million at 30 June 2014 (31 December 2013: £8.9 million). Work-in-progress increased by approximately 40% to £93.6 million since 31 December 2013, as a result of the Group's expanded housebuilding activity and the increase in its landbank. As expected this increase in working capital requirements has led to net borrowings, including the Zero Dividend Preference Shares, rising to £28.8 million as at 30 June 2014 (31 December 2013: £14.7 million).

Well positioned to exploit market opportunities in all areas

With a robust balance sheet and continuing strong demand from housebuilders, housing associations and the private rented sector, Inland is well placed to capitalise on its substantial land bank.

The Group remains confident of delivering further expansion of its activities in the current financial year, whilst continuing to focus on increasing its landbank in order to lock in long-term value.

Stephen Wicks, Inland Homes' Chief Executive commented:

"Inland has had a very strong year and I am delighted with the progress the Group has made. We are delivering on our strategic goal of significantly increasing the underlying net asset value of the Group.

"We continue to assess a number of attractive land acquisition opportunities and this, combined with the strong demand for consented land leaves me highly confident that the Group will continue its strong progress in the future."

Preliminary Results for year ended 30 June 2014

Group Highlights

· Record performance, ahead of market expectations;
· Strategic expansion of housebuilding activity proceeding according to plan and delivering results; 114 units (2013: 55) completions in the year (including units managed on behalf of DGVL);
· Continued growth in land bank, which currently stands at a record 3,734 plots (3 October 2013: 2,306) with 1,318 plots consented (3 October 2013: 1,057);
· Dividend increased 122 per cent to 0.60p (2013: 0.27p), reflecting the Group's strong financial position and confidence in the short- and medium-term outlook.

Outlook

· Market conditions remain buoyant: demand for private housing in south and south-east of England increasing; continuing strong demand for consented land from housebuilders;
· Very strong forward sales position of £54.6 million with 436 units under construction; targeting approximately 270 unit completions in the current financial year;
· Actively targeting opportunities within the private rented sector; recently signed heads of terms with an institutional investor for a development of over 200 homes at Drayton Garden Village
· Heads of terms agreed with Group's financial partners for development of Wilton Park, Beaconsfield; Inland to receive up to 80 per cent of the net profit of the project;
· Core strategic goal of growing land bank remains; continue to see a healthy pipeline of opportunities and confident of achieving further land bank growth throughout the course of the current financial year and beyond.

Trading Update

Highlights:

· 199 residential units under completion (2013: 47) - an increase of 323% year on year
· Planning consent (or resolution to grant planning consent) received on 568 residential plots in the current financial year
· Cash balances of £9.8m at 31 December 2014 (2013: £8.9m)

Half Yearly report

Group Highlights
· Outstanding progress, delivering a substantial increase in revenue and profitability

· Demand for the Group's homes and land remains strong; 199 units completed and sold in the period (2013: 47 units)

· Current land bank at an all-time high of 4,512 plots

· Maiden interim dividend of 0.3p per share (2013: Nil) declared

Outlook
· Group on target to achieve its objectives - business strategy focused on housebuilding, land sales and fee income, set to provide a reliable, balanced profit stream and cash flow going forward

· Forward sales position of £30m for Inland and Drayton Garden Village Limited (DGVL)

· Continued progress at Wilton Park, with the Development Brief to be adopted by the Local Authority on 31 March 2015; Abbeywood Park, West Plaza and Carter's Quay schemes expected to be major profit contributors this year

· Joint ventures with Europa Capital and Christian Candy's CPC Group Ltd (CPC) providing further project opportunities

· Board is confident of continued strong growth for the business

Stephen Wicks, Chief Executive of Inland, commented:
"I am very encouraged by the Group's robust first half performance, with the land bank at an all-time high and demand for homes and land continuing to be strong.

"The maiden interim dividend declared today is testament to the strength of Inland's growth strategy, solid financial position and future prospects. I am confident that the Group is well placed for continued progress in the current financial year and beyond."

Wilton Park Development Brief Adopted by South Bucks District Council



Inland Homes, the specialist housebuilder and brownfield land developer, announces that at a meeting of South Bucks District Council (SBDC) on 31 March 2015 the Cabinet adopted the Supplementary Planning Document (SPD) Development Brief for the Wilton Park site in Beaconsfield, which will deliver up to 350 new homes set within landscaped parkland of over 100 acres.

The adoption comes after two years of collaborative work involving the SBDC Planning Team, Bucks County Council and Inland Homes, and after a considerable level of public consultation and stakeholder engagement.

The Draft SPD establishes in more detail the principles that will guide the future redevelopment of Wilton Park. The aim is to ensure that the development is of exceptional quality and delivers benefits to the local community as a whole, including a new community building, sports pitches, a park and other open space, new and improved transport infrastructure and additional school places.

Members of the Cabinet commended the work that had been undertaken and the way in which the public had been engaged by Inland Homes and its officers.

Stephen Wicks, Chief Executive of Inland, commented:

"We are delighted that the adoption of the Wilton Park SPD has been approved.

"This paves the way for a planning application to be made in the near future which will add significant value for all stakeholders."

One of my rare posts. Usually say something after attending AGM. When shares were below 0.20p I said buy following meeting. Now over 0.80. Still not selling after meeting this week. Providing FT100 is over 6000 - Inland over £1 this time next year. Anyone AGREE?

Well done with these - I have a few from av@33p.

A FinnCap update may be due.

AGM Statement
RNS
RNS Number : 6282Q
Inland Homes PLC
01 December 2016
 
 
1 December 2016
Inland Homes PLC
 
('Inland Homes', 'Inland', the 'Company' or the 'Group')
 
AGM Statement
 
Inland Homes (AIM: INL), the specialist housebuilder and brownfield land developer, provides the following statement ahead of its Annual General Meeting to be held today, 1 December 2016 at 11.00am.
The Group's housebuilding programme is gaining significant momentum with a record 394 homes currently under construction across 12 sites. 54 Homes have been reserved since the start of the new financial year, which is an average of 2.5 units per week. Of particular note recently was the off-plan launch of 54 units at Meridian, Southampton where 12 units have been reserved in the first eight weeks. This scheme has consent for 351 homes to be constructed in four phases.
Adding to this, Inland Homes is pleased to announce today the receipt of planning consent for 239 units at our site, Lily's Walk in High Wycombe which is in our joint venture with CPC Group Limited.  Lily's Walk is a prime 3.5 acre site in the centre of High Wycombe, located directly opposite the Eden Shopping Centre.  
 
Since 1 July 2016, the Group has received planning consents or resolutions to grant planning consents on 373 plots and 19,000 square feet of commercial space.  We have planning applications awaiting determination for 1,746 residential units, with applications for, approximately, a further 470 residential units to be submitted very shortly.
The land bank currently stands at 7,220 plots, of which 1,415 have a planning consent or a resolution to grant planning consent. There are pre-application discussions regarding a further 1,802 plots ongoing.
As reported in the annual accounts for the year ended 30 June 2016, the timing of the construction of our sites, together with planned land sales is such that a major part of our profitability in the current financial year will be realised in the second half. The previously reported setback that was caused by the financial failure of a contractor, which resulted in the slight delay of 23 legal completions, is now virtually behind us and the momentum is gathering with a growing number of sites being constructed by our in-house build team. 
Stephen Wicks, Chief Executive at Inland Homes, commented:
"Following on from the robust set of results we announced in October, which reflected a year of significant operational and strategic progress, we are pleased to report that the momentum is continuing to escalate behind our building programme, with a record number of homes for the business under construction, underpinning the Company's growth strategy.
"The investment we have made in developing our in-house construction capability to self-deliver our homes is already producing tangible benefits and it's an area of the business that we are continuing to focus on to further increase levels of certainty on delivery, whilst reducing costs. Moreover, we are working on a number of initiatives through which we hope to be able to offer even lower cost housing in the South East, where price remains a barrier to many people owning their own home.    We look forward to providing some more detail on this is in the New Year."
               
ENDS

Inland gaining momentum
StockMarketWire.com
Inland Homes' housebuilding programme is gaining significant momentum, a statement issued ahead of today's annual general meeting says.

The specialist housebuilder and brownfield land developer says a record 394 homes are currently under construction across 12 sites.

It says 54 Homes have been reserved since the start of the new financial year, which is an average of 2.5 units per week. Of particular note recently was the off-plan launch of 54 units at Meridian, Southampton, where 12 units have been reserved in the first eight weeks. This scheme has consent for 351 homes to be constructed in four phases.

The statement continues: "Adding to this, Inland Homes is pleased to announce today the receipt of planning consent for 239 units at our site, Lily's Walk in High Wycombe which is in our joint venture with CPC Group Limited. Lily's Walk is a prime 3.5 acre site in the centre of High Wycombe, located directly opposite the Eden Shopping Centre."

Inland says that since 1 July, the Group has received planning consents or resolutions to grant planning consents on 373 plots and 19,000 square feet of commercial space.

It adds: "We have planning applications awaiting determination for 1,746 residential units, with applications for, approximately, a further 470 residential units to be submitted very shortly.

"The land bank currently stands at 7,220 plots, of which 1,415 have a planning consent or a resolution to grant planning consent. There are pre-application discussions regarding a further 1,802 plots ongoing.

"As reported in the annual accounts for the year ended 30 June 2016, the timing of the construction of our sites, together with planned land sales is such that a major part of our profitability in the current financial year will be realised in the second half.

"The previously reported setback that was caused by the financial failure of a contractor, which resulted in the slight delay of 23 legal completions, is now virtually behind us and the momentum is gathering with a growing number of sites being constructed by our in-house build team."

Chief executive Stephen Wicks said: "Following on from the robust set of results we announced in October, which reflected a year of significant operational and strategic progress, we are pleased to report that the momentum is continuing to escalate behind our building programme, with a record number of homes for the business under construction, underpinning the Company's growth strategy.

"The investment we have made in developing our in-house construction capability to self-deliver our homes is already producing tangible benefits and it's an area of the business that we are continuing to focus on to further increase levels of certainty on delivery, whilst reducing costs. Moreover, we are working on a number of initiatives through which we hope to be able to offer even lower cost housing in the South East, where price remains a barrier to many people owning their own home. We look forward to providing some more detail on this is in the new year."





Story provided by StockMarketWire.com

I am with you now Colin.

Good luck to both of us
colin

This looks good. :-)) I notice a lot of the buys including mine are red as if sells.

ST of IC today - The bottom line is that with newsflow positive, and the company lowly rated, I feel the 20 per cent share price derating from the last summer's highs is way overdone and continue to rate the shares a value buy as I feel that the extent of the housing market slowdown embedded in the current valuation is being massively overplayed. Buy.

Not convinced, since Co like this are selling to the medium-upper end of House-Prices. . . .If BREXIT creates fears ( fuelled by self-interested Remoaners), then house-prices will slide, as a few foreigners sell out, or just don't bother to buy (ie Wailt and See). . . . it requires very small change to do this, IMHO.
Add-in the Political desire to build more homes ( cheaply ) and this includes Factory-built homes, too. -and the top-end of the Market will be falling ( +They can afford to lose a little, anyway).
INL really is a play on Land-Prices, isn't it?

I have jumped out of Telford and from Inland homes, both with a divi and small profit.

Had a dabble here this morning.

Full results tomorrow. No serious interest in the shares. After results last year they managed to creep over 0.70. then back to low .60s Is this going to happen again?
I am beginning to question my judgement even though Simon of the IC makes them a good buy. Holding only for I Tax

Placing of 1,488,800 ZDP Shares

Looking very oversold.

Acquisition

Acquisition of East London residential development site with planning consent for 325 homes

Inland Homes plc (AIM: INL), a leading housebuilder, Partnership Housing developer and regeneration specialist, announces that it has exchanged contracts to acquire a major development site in Dagenham, East London, which has an anticipated gross development value of circa £95 million.

The four acre brownfield site, which was previously part of the former Ford manufacturing plant, lies within the London Riverside Opportunity Area, a 3,000 hectare major regeneration zone designated in the London Plan to deliver up to 26,500 homes and create 16,000 jobs across the boroughs of Barking and Dagenham.

The site has existing planning consent for 325 homes and 1,600 sqm of commercial space. Inland Homes is in negotiations to deliver the homes in a joint venture with a top five housing association, with 116 homes intended as affordable housing and the remaining 209 units sold on the open market.

Completion of the purchase of the site is expected in March 2019, with construction of the first units due to commence in the summer.

Stephen Wicks, CEO of Inland Homes, commented:

"This is a significant acquisition for Inland Homes of a prime development opportunity in East London. Dagenham has some of the most affordable house prices out of all the London boroughs and this site will increase the provision of good quality, competitively priced homes, in an area benefitting from fast connectivity into Central London.

"The opportunity fits in well with our strategy of providing lower cost homes in areas of high demand. At the same time the proposed joint venture with a major housing association will provide Inland Partnerships with a significant new build contract opportunity, adding to our existing forward order book of nearly £100 million."

A Christmas present to all. After the 2019 AGM next November they must be 70p or better