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.

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/.