INLAND HOMES (INL) looks ripe for a breakout...

[SKYSHIP]

Inland Homes (INL) has been getting a series of good news; the two latest being:

# approval by Sadiq Khan of their plans for a 500 home development site in Hillingdon
# £600m mixed-use development project after planned vacant possession in Aug'21 of the MOD's 36.7 acre Cavalry Barracks in Hounslow in West London

INL’s business is:
# The sale of sites or phases within sites, with the benefit of planning consent, to other housebuilders.
# Development of selected sites internally
# JV’s with third parties.

INL’s core objective is to resolve all planning, logistical and technical issues so sites are ‘oven ready’ for construction to commence. They negotiate planning consents appropriate for individual sites desirable to both housebuilders and homebuyers alike.

As such, their business is a grade 1 beneficiary of the Government’s “Build, Build, Build” strategy.

The shares are trading at c50% discount to EPRA NAV and some 37% below pre-Covid levels. The fundamentals appear sound; whilst technically the sp looks to be building for a breakout through the 54p/55p resistance.

A good trade IMO…

The chart can be viewed on this link - Post no.146

https://uk.advfn.com/cmn/fbb/thread.php3?id=45437484