Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Brownfield land developer and housebuilder Inland Homes (INL) is hoping to sign a new joint venture development deal with Southampton City Council and is also looking at two possible acquisitions after nearly quadrupling pre-tax profits to £34 million in the year to June on turnover doubled to £114.2 million, with stated net assets up 48% to 43.9p a share. Based in Amersham and quoted on AIM, the company, which buys brownfield sites in South East England to build homes with an average sale value of between £250,000 and £300,000, has included a £14.5 million revaluation surplus in its pre-tax figure. It says it is going to adopt the European Public Real Estate Association (EPRA) accounting system to show an asset figure reflecting current market prices rather than significantly lower historic costs.
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Comments
alcira16247
Robert
I read your excellent article with great interest.
Checking on your own analysis and following my own research decided to make an investment. Share price up 2% from publication of your piece!
However, I’m afraid the kiss of death might have struck!
Having cost his followers dearly with his enthusiastic ramping of the Chinese frauds that share tipping star of The Investors Chronicle, Simon Thompson has Inland Homes on his buy list with a targeted price in excess of a £1.00 per share!
I can only conclude that Simon is now attempting to restore his somewhat shattered reputation by becoming a fervent follower of ShareProphets, too!
T.Welbourn
Alcira
This is an occasion when I must leap to Simon’s defence. I bought INL on his recommendation in Aug 2013. Today I show a paper gain of 101.6%. Not too bad. He has made other recos where I have made money but others where I have also lost. All in all I am ahead but I have avoided all his chinky disasters & Globo, purely due to Shareprophets