Samba share not allowing access to share because of incorrect file permissions

Issue

This is the share's definition in /etc/samba/smb.conf:

[samba_share]
    writable = yes
    path = /home/shareme
    browseable = yes
    inherit permissions = yes
    valid users = admin,shareme,peter

But user peter, which is in the valid users list, is unable to access the share:

[peter@server shareme]$ cd Administration
-bash: cd: Administration: Permission denied