Telford Homes Share Discussion Threads

[caradog] 16/6/2016 13:28

Well Billthebank, there's always the rational counter argument. Our contribution of 8 billion is half that of Germany and represents just over 3 weeks' spending on the NHS. Only a 0.6% drop in GDP will claw it all back. If the pound falls 20% as some are predicting, the NHS will be in dire straits with the costs of drugs, equipment and staff rising substantially, especially if we want to retain the services of thousands of doctors and nurses who come from Europe and keep it going.

EU citizens represent roughly half of immigration, they're younger, contibute more taxes and take less benefits than the average UK citizen. The other half, from non-EU countries, will not be subject to any newer forms of control if we leave the EU. There is an argument that non-EU immigration will rise if we leave as there will be every incentive for e.g. the French to turn a blind eye to migrants moving on to the UK from Normandy.

The control of borders and the 8 billion to spend are just myths.

The only certainty with Brexit is years of uncertainty and, consequently, reduced investment.

[rubberbullets] 16/6/2016 08:20

if brexit then house price crash - everyone saying it is making it self reinforcing

[joe say] 16/6/2016 07:59

Wonder why the remainers don't think through the potential position of Brexit on what then remains of the EU

Whose to say it will stay intact?

And whose to say it will stay the same as it is now - corrupt to the core

Audited accounts anyone?

[cutlosses] 15/6/2016 17:48

The no vote would seem to be factored in anyway.

[joe say] 15/6/2016 16:32

me me me

don't you guys have any morals or any thoughts for others than yourselves?

[nw99] 15/6/2016 15:01

Yes vote this will roof it

[dlku] 15/6/2016 13:11

exit vote will muller the sector

[dlku] 13/6/2016 17:13

Please lord make it stop !!!

[joe say] 13/6/2016 15:34

and we'll be plagued with locusts and hell and damnation I tell ye

Vote Brexit for a brighter future

[dlku] 13/6/2016 15:03

if brexit then house price crash

[speedsgh] 01/6/2016 18:05

Institutions love Telford Homes -

AIM-listed Telford Homes (TEF) has a problem. Despite being one of the fastest-growing housebuilders around, the developer of non-prime London property has been persistently ignored by doubtful investors.

"We sit in a perfect storm. Being in London, housebuilding or that we're a small-cap company can all have an impact on our share price," Jon Di-Stefano, chief executive of the £274 million company, told Interactive Investor Wednesday. "No matter how many times you bang the drum, people still get confused. There's a slight lack of understanding."...

[1pvh] 01/6/2016 09:13

Providing the 50m pretax is achieved in year to March 2019 which the board seems very confident in, the eps rises to 60p.Allowing for 20% tax.So a share price of 480 would mean a p.e. of just 8xalso a minimum divi of 20p if Telford keep to one third of earnings.Fill your boots!!

[onjohn] 01/6/2016 08:07

hxxp://money.aol.co.uk/2016/05/20/the-housing-market-slowdown-could-crash-lloyds-banking-group-plc/

[nw99] 01/6/2016 08:06

Buyng more here

[muscletrade] 01/6/2016 07:58

Caradog..."At this level the shares are a better prospect than buying a Telford flat"

This is exactly why i own Telford.

I moved out of London 10 years ago after owning homes there since the early 80s. Through owning TEF i still have strong interest in London property market which is the best and most dynamic property market in the UK (and indeed the world).without the hassle of actually owning and having to take care of a house there from long distance.

[shanklin] 01/6/2016 07:50

Caradog

Presumably profit after tax is forecast to be more than £40m, so forward P/E not quite so low as you suggest.

Still looks good to me.

Cheers, Martin

[onjohn] 01/6/2016 07:43

BTLers having to pay 3pc more stamp will mean h1 weak

on a 600k prop stamp is now £38,000 for a BTL buyer

[caradog] 01/6/2016 07:42

Expected profits exceeding 50m in FY18-19 is equivalent to a PE of 5.5 and a yield over 6%, approx, assuming one third of profits paid out as dividend. At this level the shares are a better prospect than buying a Telford flat to rent out (yield 4-6% gross, price inflation 4-5% expected says Mr Di Stefano).

[qs99] 01/6/2016 07:38

which will make them more affordable and time will then tell whether they go up again...we have all seen crashes or dips over the years and we are all materially up still IMO on house prices....

[muscletrade] 01/6/2016 07:38

difficult to find a better set of results these days.
strong profits growth exceed expectations
dividend up
strong pipeline
debt firmly under control
nett asset value increased
ROC maintained at 15%
outlook strong
new customer/partner base established

etc etc

Fab!!!!