Telford Homes Share Discussion Threads

[tudes100] 02/2/2016 01:36

Most builders strong post Japan's QE announcement end of last week. Further recognition that interest rates aren't going anywhere, any time soon.

[qs99] 01/2/2016 20:59

thanks ganthorpe.....have topped up recently as yield looks good IMO ....an interesting move today, not sure what has caused it...

[ganthorpe] 21/1/2016 11:01

Looking at the recent fall in TEF share price I did a few back of envelope calculations . Midas full year profit estimate of £30M may be pre or post tax.My scribbles worked out at £32m pre tax and £25.5M post tax. This gives EPS of about 41P allowing for the extra shares from the November placing.
The interims stated that they intended to pay more than one third of profits as dividend , and the interim was up 27.5% , so a similar increase would give 7.65P for the final , making 14.15P for the year.This would be just over one third of 41P earnings and more than Midas figure.
At about 350P the P/E would be about 8.5 times earnings and the yield about 4%
DYOR

[market sniper3] 07/1/2016 11:06

Telford Homes plc 17.6% Potential Upside Indicated by Peel Hunt
Posted by: Ruth Bannister 7th January 2016

Telford Homes plc with EPIC/TICKER LON:TEF has had its stock rating noted as ‘Retains’; with the recommendation being set at ‘BUY’ today by analysts at Peel Hunt. Telford Homes plc are listed in the Consumer Goods sector within AIM. Peel Hunt have set a target price of 475 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 17.6% from the opening price of 404 GBX. Over the last 30 and 90 trading days the company share price has increased 21 points and increased 4 points respectively.

Telford Homes plc LON:TEF has a 50 day moving average of 391.59 GBX and a 200 Day Moving Average share price is recorded at 427.62 GBX. The 52 week high for the stock is 495 GBX while the year low stock price is currently 337 GBX. There are currently 74,852,411 shares in issue with the average daily volume traded being 311,003. Market capitalisation for LON:TEF is £295,479,892 GBP.

Telford Homes plc (Telford Homes) is a United Kingdom-based company, engaged in property development. The Company is engaged in housebuilding in the United Kingdom.

[market sniper3] 04/1/2016 09:54

Midas in the Mail on Sunday had three tips for the new year, Telford Homes, Allied Minds and Elegant Hotels. London-focused Telford Homes concentrates on locations just outside the premium areas of the capital's housing market, building up to 700 flats per year and looking to double that by 2020 as the demand for affordable homes rockets ever higher. Shares in the company have dipped after a £50m fundraising to invest in growth, with some investors concerned about the London market, but they look good value and offer a reasonable dividend yield.

[shaker44] 04/1/2016 06:38

Great article. Topped these up twice recently. Looks plenty of upside and no down in my view. And To get spread of risk and opportunity outside London, take a look at Henry Boot. Under the radar but great sites in East Anglia etc where demand is high and property prices more affordable. TEF & BHY a good combo for 2016 in my view. But DYR!

[jaf111] 03/1/2016 09:01

Nice start to the year....Midas tip in Daily Mail

High-rise profits are on the cards for housebuilder with £1.5bn land bank
Telford Homes is a London property developer with a difference. Rather than focusing on sites in Central London and the City, it focuses on Inner London areas just outside the prime locations, where costs are lower and demand is immense.
The shares are 391p and should increase materially over the next few years.
Telford builds 600 to 700 homes a year, usually flats, but chief executive Jon Di-Stefano hopes to double that by 2020, taking advantage of a chronic shortage of affordable homes.
Such is Di-Stefano’s confidence that the company raised £50million in October via a 360p-a-share equity placing to help fund future growth.
Di-Stefano, an auditor by training, joined as finance director in 2002 and was promoted to the top in 2011. Over the years, his team has developed relationships across the capital, helping them to penetrate complex planning laws and gain permission to build. The group’s land bank is valued at £1.5billion, most of which has planning consent, and the rest is expected to obtain consent soon.
To mitigate the risks associated with holding large swathes of land, Telford forward sells properties whenever it can, and has done so with homes worth £700million.
Last month, the group revealed a more than doubling of pre-tax profits to £21million for the six months to the end of September and a 27 per cent increase in the interim dividend to 6.5p. Brokers expect full-year profits to rise by 27 per cent to £30.9million with a total dividend of 13.6p.
Midas verdict: Telford’s shares rose to more than 480p last May, after the Conservatives’ General Election victory, but they have fallen back since on concerns about the London property market. The recent placing acted as a further drag and the stock is now excellent value. Older people may be leaving London but younger generations are flooding in and Telford aims to provide the kind of housing that they need. The shares also offer a decent yield. Buy.

[seans66] 24/12/2015 17:44

Nice top up today. Usually builders do well in Q1, so fingers crossed TEF has a strong start to the year.

[master rsi] 09/12/2015 12:05

ahead of the EX- divi, is moving north, with some large trades earlier before it Broke 400p

43K @ 398p
and
10K @ 397.955p

-----------------
Tomorrow the 10th will be EX-dividend day, so just 1/2 day left if interested on the 6.50p

TEF - Dividends

The interim dividend declared for the six months ended 30 September 2015 is 6.5 pence per ordinary share and is expected to be paid on 8 January 2016 to those shareholders on the register at the close of business on 11 December 2015. The ex-dividend date is therefore 10 December 2015.

[pj 1] 09/12/2015 10:47

SSSHHHHH! Do you mind!!

[tudes100] 09/12/2015 10:44

have we woken up ?

[scottishfield] 04/12/2015 16:07

Mmm, that's much better, thank you TEP

[qs99] 04/12/2015 14:16

Hopefully any overhang has now cleared? Looks good value IMO following the interims...DYOR

[cestnous] 03/12/2015 10:21

So did I gp.

[gp1948] 03/12/2015 09:55

Thanks for that article cestnous - I bought more TEF on the back of their interims yesterday.

[cestnous] 03/12/2015 09:33

I.C. Yesterday

Telford expects to double output in five years
TIP UPDATE
Telford Homes PLC (TEF)
VALUE
MEDIUM RISK

Our previous tip
WE SAIDBuy
WHEN22 April 2010
PRICE101p
TIP PERFORMANCE TO DATE+285%
The bears in the housebuilding sector will struggle to find much to support their scepticism in interim figures from east London focused Telford Homes (TEF). Turnover, profits and earnings per share all more than doubled in the six months to September, and there is no sign of the insatiable demand for properties close to central London abating.

Telford's secured forward order book of over £700m is more than four times total revenue reported in the year to March 2015. The order book also helps to boost cash flow, because Telford takes a 10 per cent deposit on each sale, followed by a further 10 per cent a year later when exchange of contracts takes place more than two years ahead of completion.

Chief executive John Di-Stefano pointed out that sales price inflation had slowed to around 5 per cent, as had build cost inflation - both pointing towards a more sustainable trend. On the recent imposition of extra stamp duty on buy-to-let investors, who buy about half of Telford's homes, Mr Di-Stefano suggested that strong tenant demand is likely to sustain demand from investors, too. He also hinted that institutional investors, who are likely to be exempt from the extra tax, may become more important to Telford.

Analysts at Peel Hunt expect full-year adjusted pre-tax profit of £30.5m and EPS of 36.5p (from £25.1m and 32.6p in FY2015).

TELFORD HOMES (TEF)
ORD PRICE: 388.5p MARKET VALUE: £290m
TOUCH: 387.25-389p 12-MONTH HIGH: 495p LOW: 337p
DIVIDEND YIELD: 3.2% PE RATIO: 8
NET ASSET VALUE: 181p NET DEBT: 38%
Half-year to 30 Sep Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2014 65 9.4 12.6 5.1
2015 140 21.0 28.0 6.5
% change +115 +123 +122 +27
Ex-div: 10 Dec

Payment: 8 Jan

IC VIEW:
Valuing a company using net tangible assets of £322m loses some of its relevance when there is a £700m secured order book - and a £1.5bn pipeline beyond that. In common with the peer group, shares in Telford have come back from earlier highs, but are well ahead of our long-standing buy tip (101p, 22 Apr 2010). Given the highly visible growth profile, we remain bullish. Buy.

Last IC view: Buy, 412p 23 Sep 2015

[cestnous] 02/12/2015 13:04

Cheers muscletrade

[lancasterbomber] 02/12/2015 10:18

Also brought some

[maurillac] 02/12/2015 09:39

i also had some more earlier. looks like a no brainer for the patient investor imho
m

[gucci] 02/12/2015 09:05

Added to my holding today