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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Telford Homes Plc | TEF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 349.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 349.50 | 349.50 |
| Top Posts |
|---|
Posted at 11/9/2019 16:50 by speedsgh Believe the deal is still awaiting EU merger clearance...Results of Court Meeting and General Meeting - Completion of the Acquisition remains subject to satisfaction or waiver of the other Conditions set out in the Scheme Document, including receipt of the EU Merger Clearance and the sanction by the Court of the Scheme at the Court Hearing, which is expected to take place in the third quarter of 2019, subject to EU Merger Clearance. The expected timetable of principal events remains as set out on pages 1 and 2 of the Scheme Document. Telford Homes will give notice of any change(s) by issuing an announcement through a Regulatory Information Service. According to the Scheme Document the deal will become effective 3 business days after the Court Hearing Date which is currently expected to take place in Q3 i.e. before the end of Sept. |
Posted at 04/7/2019 17:18 by james188 If you have access to Investors Chronicle online, there is a useful summary of some of the main BPR tax considerations in relation to replacement assets (e.g. if an AIM company is delisted or goes to the main market) by Chris Boxall of Fundamental Asset Management. It is high level and does not go into the very detailed rules. The article came out on 29 November 2018. As Investors Champion also manage an IHT portfolio, I guess it may also appear on that website (free to join). |
Posted at 10/8/2018 09:06 by hillofwad NoctonNo that's not the case during 2012 -2016 the majority of their buyers were individual domestic and foreign investors .Read back though their Annual Reports where they have analysed their buyer profiles .They were cheap as they bought off plan 2 years + in advance of completion Those who bought Stratford Plaza for example doubled their money and 50% gains on the early sales at Sratopshere Many were bought by speculators. It;s only recently that this has all changed as the Help 2 Buyer has picked up the slack of the departing individual investor . Now they are targeting the institutional BTR buyer.Good news to arrive shortly TEF adapt very quickly to changing market conditions |
Posted at 10/8/2018 08:53 by nocton "TEF have relied heavily on the individual BTR investor"How do you know that they are BTR investors? TEF info has always implied to me that they have been selling mostly to ordinary house buyers. Surely most BTR investors go for cheaper houses/flats? |
Posted at 10/8/2018 06:49 by hillofwad Not The Dr. Smith mentioned here then?TEF have relied heavily on the individual BTR investor walking into a hotel room in Canary Wharf , a quick shuftie at some plans and hand over a reservation deposit 2 years in advance of completion .That will do nicely. JLL .the agents must look back fondly at those days . The fundamental change clearly evident at the Liberty Building launched over 2 years ago pre-Brexit where 66% were cleared off the boards at the initial launch Since the recent launch having absorbed 2 years of pent up demand to tap into has produced 1 solitary sale hxxp://www.telfordho |
Posted at 31/7/2018 06:35 by hillofwad Certainly the BTR market are going to have ample opportunity to pick up the slack created by the vanishing individual private investor |
Posted at 12/7/2018 11:16 by thamestrader Just for the record.....Telford Homes Plc (AIM:TEF), the London focused residential property developer, will hold its Annual General Meeting ('AGM') at 12.30pm today at Telford House, Queensgate, Britannia Road, Waltham Cross, Hertfordshire EN8 7TF. At the AGM the Chief Executive of Telford Homes, Jon Di-Stefano, will make the following statement: "I am pleased to report that since our final results on 30 May 2018, Telford Homes has continued to perform well. The London housing market at our typical price point has remained robust, with ongoing demand from a broad base of customers. The average price of the open market homes within our development pipeline is £539,000 and we expect that to remain relatively constant in the future. Our homes priced below £600,000 continue to sell at a steady rate. Above that level we have to work harder with prospective customers, but nevertheless we are still securing sales in line with our forecasts. Forward selling continues to be a core part of our business model through early open market sales launches and forward funded build to rent developments. This approach reduces risk whilst increasing visibility over profit recognition and cash inflows. Combined with our average price point, this will help to insulate Telford Homes against any short to medium term volatility in the London housing market. Over the past three years we have made strong progress in the build to rent sector which now forms a significant part of our future growth strategy. Our activity in this burgeoning sector is helping to increase the scale of the business and will enable us to build on our substantial development pipeline of over 4,000 homes. I am pleased to report that we have commenced contractual negotiations for the sale of 257 homes at Equipment Works in Walthamstow, E17 with a significant build to rent investor. Having purchased the site in December 2017, the Group began the formal sale process in April 2018 and received interest from a large number of investors. We expect to proceed to exchange of contracts in the next few months. We continue to appraise a number of new build to rent opportunities as we look to strengthen our reputation as one of London's leading developers in the sector. We have previously reported the possibility of forming a longer term partnership with at least one investor and we continue to believe this will be the most productive way of delivering increased build to rent development in the future. We are determined to find the right investor to fit with our London focus and with a long term commitment to the sector. Therefore, we have instructed Savills to assist us in this process and we expect to make significant progress before the end of 2018. The Board remains confident that the imbalance between supply and need for new homes at our typical price point in London will underpin our future growth. We remain well placed to achieve our stated goal of exceeding £50 million of total pre-tax profit for the year to 31 March 2019, weighted towards the second half as in previous years. Our position as one of the leading developers in London will be further enhanced by our increasing activity in the build to rent sector and the continued success of Telford Homes will enable us to deliver consistent returns to our shareholders." |
Posted at 11/6/2018 06:15 by hillofwad Interesting times ahead for TEF.No new BTR deals announced for a year but it's clear from the guidance that we can expect to hear of some major deals soon and possibly a formal alliance with a big ticket operater like Greystar and M&G which has been under discussion for sometime.This should keep the wheels on the bike and add a few gears during more difficult times ahead with sales to individuals both owner- occupiers and investors proving more difficult.Head office costs are now over £25m pa so plenty of mouths to feed. The market has shifted in a number of areas in TEF's patch .Manhattan Plaza -there are still plenty cluttering up the portals despite major haircuts on prices.Even a liveried up black cab by TEF with Manhattan Plaza emblazoned as a mobile coffee shop as marketing being undertaken in earnest The remaining apartments at nearby Liberty due to launch soon Every likelihood that those buying in certain developments at just under the £600k threshold using Help 2 Buy are immediately entering negative equity territory. July will be an important month for TEF.Chrisp Street back on the planning addenda without any major changes and should stutter through.This really is an exciting development with the original agreement set in stone sometime ago so plenty of baked in HPI.Hopefully this will lead to Cambridge Heath Road's planning application now the political dust has settled As important is 9 Elms where planning is expected in July -a major contribution towards future revenue. Watch this space! |
Posted at 31/5/2018 08:49 by ron manager Telford HomesIf you have read anything about the housing market recently, you’ll be well aware that if you’re hoping for a nice return on your money, then right now one of the worst places to put it is in the London property market (Tom Knowles writes). Prices are falling, asking prices are to be negotiated, overseas demand is waning, yields are minimal and uncertainty pervades. Yet despite all that, Telford Homes, which only builds in London, is actually a safe bet. The company has delivered a stellar set of full-year results, with a 35 per cent rise in pre-tax profits to £46 million and 8.3 per cent increase in the total dividend to 17p per share. This is because the housebuilder is carving out a new niche in the build-to-rent sector, where properties are built solely for renting and are managed by one landlord. Telford finds institutional investors looking to finance a build-to-rent development, secures planning permission on a site, develops the flats and hands them to the investor to manage. It is a low-risk, capital-light model that will aid long-term growth and is already beneficial. The company is doing individual deals with investors on build-to-rent sites, but it is looking at establishing a permanent partnership with one that which would enable it to boost production more quickly. Build-to-rent is expected to make up half of Telford’s revenues over the medium term, up from 17 per cent over the past year. Telford is also delivering homes for open market sale in “non-primeR The total development pipeline is worth £1.3 billion, equivalent to more than 4,000 homes, 75 per cent of which are in a detailed design phase or under construction. That is helping to underpin the company’s guidance that pre-tax profit will exceed £50 million this year, which would mean that Telford has doubled its profits in four years. The shares are priced at 456p, but most brokers have a target of between 510p to 530p, while the dividend yield for this year is 4 per cent, rising to 4.2 per cent in 2019. ADVICE Buy WHY Increasing exposure to the build to rent market and a strong development pipeline |
Posted at 18/4/2018 07:41 by cwa1 Highlights· Record revenue and profit anticipated for the year to 31 March 2018 · Profit before tax expected to be up by more than 30 per cent, slightly ahead of current market expectations · Strong performance reflected in circa three percentage point improvement in gross and operating margins · 100 per cent customer recommendation rate in 2017 demonstrating the Group's commitment to quality and service · Robust market for our homes in London assisted by broad mix of sales between build to rent, individual investors, owner-occupiers and housing associations · Over 100 homes sold at the launch of New Garden Quarter, Stratford in January 2018 · Continuing demand from build to rent investors with the Group exploring ongoing partnerships to enhance supply to this sector · Over 2,900 homes currently under construction with scope to significantly increase this in the coming years · Total development pipeline of over 4,000 homes with several new opportunities being actively pursued · New longer term £210 million corporate loan facility negotiated at lower interest rate · Strategy focused on expanding build to rent output to support further growth and enabling Telford Homes to deliver more of the homes that London needs Outlook Telford Homes has delivered on the Board's promises of significant profit growth over the last three years and is well placed to continue to deliver further growth in the future. The Group now has just over 2,900 homes under construction with the operational scope to significantly increase this and a number of opportunities to add to its development pipeline at the right price point. The strategic focus on the build to rent sector fits well with an increasing rental need in London on one side and greater demand from large scale investors on the other. Telford Homes is a valuable delivery partner in the middle of this and as such, the Board believes there is a strong opportunity for further growth in the coming years. Jon Di-Stefano, Chief Executive of Telford Homes, commented: "Telford Homes continues to perform well and I expect to once again report record revenue and profit for the year to 31 March 2018. As we increase the scale of the business, our growth is underpinned by the lack of supply of new homes in London and demand for our product at more affordable price points remains strong. Build to rent is the most exciting part of our business in the near term and I believe our increased focus on this sector will drive the next phase of our growth and bring even greater success." |
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