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.

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.