Share Name Share Symbol Market Type Share ISIN Share Description
Telford Homes LSE:TEF London Ordinary Share GB0031022154 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.50p -2.03% 313.50p 314.00p 316.25p 320.00p 311.50p 320.00p 96,118.00 15:55:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 245.6 32.2 39.3 8.0 235.17

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Date Time Title Posts
08/12/201614:52TELFORD HOMES - Wot, nobody watching?2,110.00
19/12/201410:45Telford Homes 201417.00
08/8/201313:48*** Telford Homes ***24.00
24/8/200921:24a7.00

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Telford Homes (TEF) Top Chat Posts

DateSubject
08/12/2016
08:20
Telford Homes Daily Update: Telford Homes is listed in the Household Goods & Home Construction sector of the London Stock Exchange with ticker TEF. The last closing price for Telford Homes was 320p.
Telford Homes has a 4 week average price of 313.90p and a 12 week average price of 303.12p.
The 1 year high share price is 405p while the 1 year low share price is currently 255p.
There are currently 75,013,000 shares in issue and the average daily traded volume is 272,411 shares. The market capitalisation of Telford Homes is £235,353,287.50.
30/11/2016
21:11
james188: John Di-Stefano gave a typically accomplished presentation this evening, at the end of what would have been a very long day for him. The RNS refers to over 100 legal completions on properties in the two months since the half year end, but I think that John mentioned an actual figure of about one hundred and forty. That compares to eighty- five in the whole of the first six months. For those who can access it, there is an interesting chart at page 2 of the ED note issued this morning which shows the varying H1/H2 splits over the last few years. I am totally relaxed about the share price action. I view it as a buying opportunity.
18/10/2016
12:56
muscletrade: Investor Chronicle plugging TEF with a well considered piece. I also feel that investors are being overly cautious in their assessment of some housebuilders. I made a strong case to buy shares in east London builder Telford Homes (TEF:285p) at around the current level in late summer and last week’s trading update hasn’t altered my positive stance ('London property trading play', 22 Aug 2016). The board revealed that since the start of September it has seen greater interest levels and more visitors to its central sales centre which has led to an increased number of reservations. This includes the sale of three of the remaining penthouses at the Horizons development in London’s docklands which have achieved an average price of over £1m, well in excess of the company’s usual price point. The average anticipated price of open market homes in Telford’s future pipeline is £517,000. Given this focus on the lower end of the London housing market, profit expectations for the 12 months to end March 2017 are well underpinned. In fact, with over five months of the financial year still to go, Telford has already secured 95 per cent of the open market home sales for the 12 month period, prompting analyst Gavin Jago at brokerage Peel Hunt to maintain his pre-tax profit and EPS estimates at £33m and 35p, respectively, and pencil in a 10 per cent hike in the payout to 15.7p a share. Analysts Mark Hughes and Hannah Crowe at Equity Development have similar forecasts, having just initiated coverage. On this basis, the shares are rated on 8.25 times earnings estimates and offer a prospective dividend yield of 5.4 per cent. The next significant site launch is at the company’s City North scheme in Finsbury Park, a joint development with The Business Design Centre in Islington. The 355-home development is now underway and is being funded by a £110m loan facility with LaSalle Residential Investment Fund. The scheme also includes 140,000 sq ft of commercial and leisure space and a new entrance to the underground station. It’s well worth noting then that around 150 of the units have already been pre-sold and form part of Telford’s £650m sales pipeline which underpins over half of its revenues for the next three financial years. At an average selling price of £800 per sq ft, and given its attractive location, I would anticipate solid sales demand at City North when the site is launched next month. I would also flag up that the chronic supply shortage of housing in London reflects a significant gap between the need for homes and the numbers being built each year, an imbalance that will not ease anytime soon given the predicted population growth in London over the next decade. Furthermore, the collapse in sterling – buyers with euros and US dollars now get more than 20 per cent more UK property for their money than before the EU Referendum – has already stimulated interest at the top end of the London market and could attract rich overseas investors to the high rental returns from Telford’s offering. Institutional demand for PRS growing Another positive is that Telford is currently in discussions with a prospective purchaser for the sale of its third private rented sector (PRS) development this year. The company has already offloaded around 300 homes in its pipeline with a development value of £130m to M&G Real Estate, and a subsidiary of L&Q, one of the UK's leading housing associations and one of London's largest residential developers. These deals reflect increasing institutional demand for high-quality, well-located developments to be 'built for rent'. There is decent financial upside from PRS sales because assuming Telford achieves close to its target operating margin of 15 per cent, it will earn huge profits on the £130m of revenue generated from the two schemes. Profits will be recognised earlier because under contract accounting standards it is based on a percentage build basis rather than on legal completion of the schemes. Furthermore, Telford has no debt finance on its PRS developments, has recouped its land costs and is fully carried on funding, so will make a higher return on capital employed that on a normal housing development. Admittedly, it forsakes net margin to secure the sale of a complete development, but it’s good business as this mitigates risk. Frankly, with Telford’s shares priced on 8.25 times earnings estimates, rated on a 5 per cent premium to end March 2017 book value estimates and offering a forward dividend yield of 5.4 per cent, investors are pricing in a sharp reversal of house prices at the more affordable end of the London market despite the strong supply-demand dynamics of the market segment Telford is targeting. And with analysts forecasting cumulative EPS of almost 140p over the next three financial years even in a flat London market, of which over 50p a share is earmarked for dividends, this progressive earnings profile is simply not being reflected in the current valuation. Offering more than 30 per cent share price upside to my 370p target price, I continue to rate Telford’s shares a buy.
26/7/2016
08:50
shanklin: Interesting... http://uk.advfn.com/stock-market/london/telford-homes-TEF/share-news/LaSalle-Earmarks-Big-Loan-for-North-London-Condomi/72049438
01/6/2016
17:05
speedsgh: Institutions love Telford Homes - HTTPS://t.co/XPbTQh9XqP 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."...
01/6/2016
08:13
1pvh: 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!!
01/6/2016
06:32
drradcliffe: 19% increase in EPS. That should push the share price up. Earnings per share: 2016 2015 Basic 5 39.3p 33.2p Diluted 5 38.9p 32.6p ---------- ----------
30/5/2016
17:38
gp1948: On 1st June, Telford Homes are reporting their year to 31st March 2016. This is what the Telegraph has to say about it. Telford Homes profiting from migration 28 MAY 2016 • 7:00PM Telford Homes, the east-London focused house-builder, is set to report big profits as it rides a wave of overseas investment and population growth. Pre-tax profits are expected to rocket 24pc from £25.1m to £31.8m when it reports full-year results on Wednesday. Jon Bell, an analyst at Barclays, said Telford “operates away from the eye of the storm” of the downturn in central London prime properties. Telford focuses on east London, with developments in Poplar, Canary Wharf and Stratford. The London borough of Tower Hamlets, where it has many sites, was revealed this week as having the fastest-growing population in the UK. It is set to rise by more than a quarter by 2024. The typical Telford home is below £600,000, at an average of £450,000 – well below the London mean of £534,785. This price point is also within the limits of Help to Buy London, a government scheme which provides a 40pc equity loan on a 5pc deposit for newly built homes. In 2015, the company sold 49pc of its homes to overseas buyers, up from 32pc in 2014. Anthony Codling, an analyst at Jefferies, said: “Of all the London players, Telford and Bellway [which builds in the same area] are least at risk of the pull-out of overseas investors,” because of the more affordable prices and higher rental yields. Telford’s share price has been relatively low, partly due to greater debt on its books than peers, and Mr Bell said that due to this “value has emerged”. hTTp://www.telegraph.co.uk/business/2016/05/28/telford-homes-profiting-from-migration/
21/1/2016
11:01
ganthorpe: 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
07/1/2016
11:06
market sniper3: 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.
28/10/2015
17:38
1gw: Placing terms. While waiting to see the circular for the current placing I had a look at the one for the placing in June 2013 (available on the company website). That seems to have been structured as a placing with pre-emption rights disallowed, to raise £20million (before commissions and expenses). However, the price was a marginal discount to the then-current share price: "The Placing Price represents a discount of approximately 0.8 per cent. to the closing middle market price on 11 June 2013, being the last practicable date prior to the announcement of the Placing." It also seems to have been done in conjunction with an increase in debt facilities to maintain what presumably was thought to be an optimal capital structure: "The Company has already secured an increased debt facility of £120 million from its banking partners and therefore the finance is already in place to be drawn down alongside the equity raised. The Company expects that debt finance will represent 60 per cent. of any expenditure on new development opportunities." So key questions are: o Why such a big discount compared to last time (especially given the fall in share price this time in the days prior to the announcement)? o Have they secured an increased debt facility in a similar way to last time so that the new equity is a relatively small part of total financing raised? Given the 0.8% discount, I can understand why shareholders would have been relatively happy to forego pre-emption rights. I cannot at the moment see why they would be happy to do so this time round.
Telford Homes share price data is direct from the London Stock Exchange
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