In my portfolio I usually invest in chunks of 5% (just over £2,000). However there is one share that dominates the portfolio at around 14%.
This investment is in a little known property company called Inland PLC (INL).
So far I have bought in at 10p and at 14p. Its current share price is 17.25p. My first investment is therefore up by 72% and the direction is firmly and consistently up.
Why do I like this share so much?
Well, firstly it has pedigree (or rather the boss man does!). Stephen Wickes founded Country and Metropolitan in 1990 and increased the share price from 68p to 300p in about 5 years, when he sold the company. He wants to create the same shareholder value again at Inland.
Secondly its strategy – buy excellent brown-field sites, get planning permission, then either develop or sell – generating great value for shareholders.
Thirdly the quality of the assets that it has acquired. For example it has 31 acres of RAF West Drayton, spitting distance from Heathrow airport, and one of the last remaining brown-field sites within the M25. Another 25 acre site in Farnborough has been bought from the Ministry of defense. These are just examples of the list of great assets that the company has managed to tuck away.
Lastly, the share price chart – take at look and you will see that the shares have bottomed out and the moving averages have crossed.I truly believe that this one will at least double in 12 months.
If I had the guts I would put the whole portfolio in Inland!
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[...] have bought more Inland (only another £1,000) and I will continue to add as it moves [...]
[...] wrote recently about my favorite share. Well I am pleased to say that Inland PLC continues to go from strength to strength. Signs that [...]