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Inland - Trading at third of net asset value

June 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

We haven't got round to meeting Stephen Wicks (chief executive) and Nishith Malde (finance director), the duo behind Inland (INL; 9p) in recent times although we did meet them some years ago when they ran their previous company, the housebuilder Country & Metropolitan, where they each held the same position. Country & Metropolitan was a successful business that listed in 1999 at 68p a share and was sold in 2005 at 300p a share.Inland joined the market back in April 07 at 50p via a placing by Dawnay Day to raise Â£47m net. Inland's aim was to essentially buy up brownfield sites in London and the South East, gain planning consent and build up a sizable land bank. The stated aim was to sell the whole thing to a major ho ...

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Inland - Trading at third of net asset value

June 2009

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