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Telford Homes Share Discussion Threads
Showing 2176 to 2198 of 2200 messages
|Most of the few unsold apartments in Telford Homes developments which complete this calendar year are in the £600-£725k price range . The 2 developments at Bermondsey and Canary Wharf .
This of course just being above the £600k ceiling for the legup for London buyers available under Govt Initatives.Suspect that these are going to prove more difficult to shift .Every confidence though in the TEF team to have all these away on completion.
Their sales tours to the Far East have played a big part in the success story and it looks as if stopping off in India en route might be on the cards for the next foreign launch
|There were more first-time home buyers in 2016 than at any time since the start of the financial crisis, according to research by Halifax bank. It also found the average price of a first home in the UK broke through the £200,000 barrier for the first time.The Halifax First-Time Buyer Review said the number of buyers entering the market hit 335,750 last year, up 7.3% on 2015. That is the highest level since the start of the financial crisis in 2007, and 75% higher than the all-time low of 192,300 first-time purchases seen in 2008. Halifax housing economist Martin Ellis attributed the increase in first-time buyer numbers to continuing low mortgage rates and high levels of employment which had "supported the market"BBC news|
|Sector still looking good...."Housebuilder Permisson enjoyed an 8pc rise in revenue in 2016, with its average house price rising by 4pc."|
|I see that on 21st Dec Peel Hunt reiterated their buy recommendation and 485p target|
|hillofwad - Can you point me to where Durrant & Furlong announced that they were looking to reduce? I'm not fussed about Furlong as he is 80yrs old, but would like to look a bit more into the Durrant sales. TIA|
|Both Durrant and Furlong announced sometime ago that they were looking to reduce as they head towards retirement. They were no doubt prevented from doing so prior to the PRS announcement so nothing untoward to read into it apart from that Another great deal announced with M&G which means that they have managed in the last 12 months to effectively secure over £250m of private funding from the 3 PRS sales and the non recourse loan on City North
They really ahve set themselves up well for taking advantage of opportunities which are likley to present as the market quietens|
|I think that Mr Furlong may just have realised that if he doesn't spend money now on fast cars and loose women, he may miss the opportunity.|
|A couple of hefty sells by 2 directors on the same day as the 3rd BTR sale announcement. Presumably won't help sentiment short term.
David Durant (Group Planning and Design Director) has sold 46,650 @ 312p = £145,548. Total holding prior to sale was 1,192,357 shares.
James Henry Furlong (Land Director) has sold 57,582 @ 312p = £179,655. Total holding prior to sale was 1,156,789 shares.
David Durant & James Furlong are the 2nd & 3rd largest director shareholders behind Andrew Wiseman (Chairman) who holds 2,325,433 shares.
James Furlong's sale is perhaps understandable as he is now 80yrs old & has been gradually selling down some of his holding over the past 6 months.
David Durant is somewhat 'younger' at a mere 55yrs old but who knows what his personal plans are.
Whilst not helpful from a sentiment POV, not sure I'll be reading too much into the sales.|
|Third build to rent sale announced:-
|Thanks for that hillofwad and Shanklin|
|Yes the placing of £50m last Autumn which secured the company,s future looking back in hindsight although impinging on EPS has set them well fair to meet all challenges coming their way .Timing was spot on as it would have been difficult raising those sort of monies afterwards .
The developments heading down the PRS route are likely to be Balfron Tower where TEF have a minority interest and by the signs of some minor amendments at planning currently taking place - Upton Park.They bought this site cheaply unconditionally in area which has experienced high HPI .This should yield a very good profit even taking into account a healthy discount for a block sale to a PRS buyer .If they decide to take some profit on the land up front this certainly can lift the profits for this year A bonus would be to get rid of the last 2 penthouses at Horizons .Exciting times ahead for this AIM gem|
Consensus Pretax EPS DPS
2017 £33.4m 35.6p 15.7p
2018 £43.6m 46.9p 16.1p
In 2017, as per hillofwad, a slight increase in PBT is forecast, with a slight reduction in EPS due to the increased number of shares in issue.|
|The original expectations for financial year 16/17 were to be below the 15/16 profits of £ 32.2m purely due to the timing of completions and the delays in planning on Caleonian Road .H1 17/18 is going to be mighty with the Azure building at Stratosphere completing and completions coming in at Bermondsey Works and Manhattan Plaza
The move to selling to the PRS sector has changed all that as Caledonian Road has been sold on to the L&Q which means that the new profits expectation is £33.3m just slightly ahead of last year
You can also be hopeful that profits will exceed that figure because between now and the finacial year a 3rd PRS sale is expected and possibly a 4th
TEF have always been very conservative in their forecats and always invariably exceed .Long may that continue|
|They say they are confident of making market expectations in this FY...does anyone know please what these market expectations are??Thanks|
|Thanks. Link: hTTps://www.sharesmagazine.co.uk/article/why-telford-is-our-pick-of-the-housebuilders|
|Tipped in shs mag|
|I expected more buying interest today given it goes XD tomorrow, guess there's still time though.|
|They have now assembled a development pipeline of £1.4 bn which is colossal bearing in mind they are currently valued at £230m Forward sales of £700m and any day now news of the 3rd IPRS deal being put to bed which is more than likely to add another £50m Equity have posted a very postive view on Telford They realy do seem to offer a great value opportunity
They are in a perfect place heading into what is likely to be challenging times Profits forcasted to step up from £33m(17)£44m (18)£51m (19) With a possible 4th PRS sale brewing and a set of BODS who are normally very conservative forecasters possiby a lot more to come .More exciting schemes soon to launch all secured sometime ago when HPI was much lower so plenty of buffer The case is very compelling and a progressive divided policy too Rumours of avery large site under wraps with over 1,000 plots sets them very well for the future Good news from their big brother Berkeley today|
|ditto hillofwad. thanks from me too. been here awhile and happy to be so.
Thanks for your reading of the situation at TEF - I entirely concur.|
|Gbh Well this is what it looks to me from where I am sitting.You have tapped a few keys and spent your money hard earned or otherwise on Telford Homes shares
An AIM company which has lifted itelf up by its bootstraps since 2008 and with very limited capital has become the solid company with a £1 bn+ pieline and increased shareholder value no end .Not only that it has had a progressive dividend policy .
You are lucky enough to have invested in a company with a CEO who if you have done your own research never fails to deliver his promises and is not prone to hype or exaggeration .
He announced yesterday thet the profit forecast is still on for £50m in 2019- a significnat increase only other AIM companies could dream of This is despite a difficult year ,a flattening market, Brexit,increased labour and construction cots ,difficulties in raising capital . Not only that a few weeks ago whilst the world stood still beacauseo f the US elections his team sat in small rooms across the globe and sold 72 homes 3y ears in advance In my book that is a fantastic achievement How on earth can you be disaappointed with that. Maybe the word pompous sits a little closer to home|
|I just liked the bit that said on track to double the size of the company in 5 years.|
|tbh I feel the share price action today was a mixture of short term trading and end of the month book adjustments. I expect a quick recovery and a significant improvement during the run up to the ex dividend date.|