Telford Homes Share Discussion Threads

[scottishfield] 02/12/2015 09:02

Perhaps we'll gather a bit of speed now :)

[dwh7] 02/12/2015 08:52

see LSE board,much busier.

[pj 1] 02/12/2015 08:36

Any bad news is being crucified at the moment imo, e.g. Brady yesterday. Good news isn't being bought currently. Gives a massive opportunity to anyone looking long term

[scottishfield] 02/12/2015 08:28

Yes, fantastic rns I thought nurdin.

[nurdin] 02/12/2015 08:26

A bit subdued reaction to what are cracking results! Hopefully the price will correct itself during the course of the day.

Welcome on board guys..you were a bit slow there no? :o)

[cestnous] 02/12/2015 08:20

Well we're both in profit now Scottish :¬)

[muscletrade] 02/12/2015 08:11

Peel hunt reiterate buy and 475p target this am.....which is to be expected really.

[scottishfield] 02/12/2015 08:06

I did too cestnous, impressive rns imo.

[cestnous] 02/12/2015 08:05

Bought in on the bell. Surprised at (up to now) muted reaction.

[originalbm] 02/12/2015 08:02

London will be strong for a good while yet i agree, just too many people wanting to live there from all over the world as you say "simple supply and demand".PE of 14 on current h1 earnings looks cheap. I will be looking for a decent re entry point.

[melody9999] 02/12/2015 07:51

what's not to like? strong demand and increasing profits. the rest of this stuff about housing bubbles and london overheating is all background noise in my view and irrelevant to Telford's sector of the market. It is simply a case of supply and demand. Long term hold for me.

[originalbm] 02/12/2015 07:29

Highlights
·
Profit before tax more than doubled to £21.0 million (H1 2014: £9.4 million)
·
Margins remain in excess of the Group's target levels
·
Interim dividend increased to 6.5 pence (H1 2014: 5.1 pence)
·
Focus on non-prime locations in London where demand remains strong
·
Acute shortage of new homes driving longer term growth plans
·
Forward sales of more than £700 million to be recognised from the year to 31 March 2016 onwards
·
Institutional private rented sector investment expected to contribute sales in the future
·
United House acquisition has increased the development pipeline to over £1.5 billion
·
Successful equity placing raising £50 million to take new opportunities and accelerate growth
·
Immediate progress made in utilising the funds raised following the acquisition of Carmen Street site with detailed planning consent for 206 homes
·
Telford Homes well placed to cement its position as one of London's leading developers

" the Board is very confident in the prospects for Telford Homes over the next few years."

[caradog] 26/11/2015 08:26

I agree with you Taffee. Interest-free loan of 40%, 20% discount on property worth up to 450k in London is utter madness. It seems the country is run by London-centric homeowner-obsessed ideologues. Even the 3% extra tax on buy-to-let is bonkers in my view. A well-regulated professional rental market would improve labour mobility and economic performance whereas tying people down to expensive, and risky property ownership does the opposite.
We should try and emulate the US, which has many vibrant cities. (We're no better in Wales, mind, where Cardiff is sucking in the political and financial capital of the whole country.)

Good for TEF, but still bonkers.

[caradog] 26/11/2015 07:30

Carmen street site acquired today, with planning consent in place. This is the site, I believe:

[taffee] 25/11/2015 13:54

Holy cow help to buy London interest free loan up to 40%?????for new
Property...good for telford homes but total madness surely

Tempered of course by 3% surcharge stamp duty for buy to let April 2016

[monkeywrench] 24/11/2015 15:56

Yes. He seemed to be a decent guy from press reports.
I wouldn't be in here if it wasn't for him.
I must have missed his advice on when to get out though !!!

[capricious71] 24/11/2015 14:08

Sad to read that Jim Slater has passed away.

[speedsgh] 23/11/2015 11:17

Jim Slater, financier: obituary -

[melf] 21/11/2015 21:27

RIP Jim Slater. I made a few quid on this one thanks to him..

[qs99] 21/11/2015 10:22

With continued wars abroad, money from abroad IMO will keep pouring in and into London IMO...

[taffee] 21/11/2015 05:36

Nationwide boss says London market unsustainable and could slam into reverse

[1gw] 19/11/2015 16:24

Well I've bought some more at just under 372p. Today's drop maybe Bovis-related?

[gargleblaster] 19/11/2015 16:14

1gw - well made point.

Anyone the wiser about the drop today - I notice that challenger banks have also had a "challenging day"?

[caradog] 19/11/2015 15:54

Delayed reaction to nearly winning the Carbuncle Cup with Parliament House? The Walkie-Talkie in Fenchurch street took the honours. Telford's effort did quite well though - "a lumpen dog's dinner of a thing" (Last paragraph)

[adorling] 19/11/2015 15:37

Many thanks!