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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Telford Homes Plc | TEF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 349.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 349.50 |
| Top Posts |
|---|
Posted at 11/9/2019 16:50 by speedsgh Believe the deal is still awaiting EU merger clearance...Results of Court Meeting and General Meeting - Completion of the Acquisition remains subject to satisfaction or waiver of the other Conditions set out in the Scheme Document, including receipt of the EU Merger Clearance and the sanction by the Court of the Scheme at the Court Hearing, which is expected to take place in the third quarter of 2019, subject to EU Merger Clearance. The expected timetable of principal events remains as set out on pages 1 and 2 of the Scheme Document. Telford Homes will give notice of any change(s) by issuing an announcement through a Regulatory Information Service. According to the Scheme Document the deal will become effective 3 business days after the Court Hearing Date which is currently expected to take place in Q3 i.e. before the end of Sept. |
Posted at 04/7/2019 15:43 by zangdook DoQThanks, that's very interesting. Was there much of a gap between selling STAF and buying TEF? |
Posted at 04/7/2019 14:53 by shaker44 Clearly CBRE are confident there is greater future value in TEF than they are paying. It is not as though they can achieve synergistic cost savings either. So why are TEF directors so keen to accept this low ball offer? Personal agendas? Options? Golden hello/handcuffs to stay?Hard to see that they are discharging their fiduciary duty to shareholders. And they will hide behind Rotschilds advise but he who pays the piper calls the tune. Disgraceful |
Posted at 04/7/2019 12:19 by hillofwad Octopus filled up at prices not far off 350p so no big premium for themThe predatory CBRE getting oragnised to farm the UK/USA post Brexit dividend The company doesnt need them They spent 12 months with Savills carefully hooking the 2 biggest fish imaginable to join them on the BTR journey. Access to capital is not a problem and now sold out to the first girl that has kissed them Even with the temp blip in profits this year CBRE will be getting plenty of return on their investment The journey has just started and we have been thrown under the bus Bound to be somebody somewhere coming in with a counter? |
Posted at 18/5/2019 11:57 by hillofwad PorscheYou have set the scene for high barriers to entry into the London market and TEF occupy a unique position straddling private/BTR/affordab The arrival of Khan has done SFA to shortening timescales for passage through planning Greystar need no reminding that its been 2 years since they shelled out £100m and still no sign of construction activity on site. The current game is all about damage limitation and preserving valuable capital .The fact that TEF have entered the vaults of not one but two well heeled BTR partners will take the pressure of having to secure external finance Sites for BTR come with other benefits for TEF a good chunk of affordable and possibly some private thrown into the mix TEF still managed the last crash well still managing to turn a profit FY20 heralds the completion of New Garden Quarter where they have already got over 85% away of the 183 apartments in challenging conditions Many over the £600k threshold of Help 2 Buy Balfron shortly to be launched and the remainder of City North Very happy to invest at the current valuation of c£200m |
Posted at 14/5/2019 11:49 by rimau1 Dividend won’t be cut, and no return to 2008 but agree with the rest of your bear case. However thats all generic to any housebuilder. A balanced view should see that TEF are growing their build to rent proposition fast, private sales are less than 50% and TEF are priced at book value. Along with Countryside I think if you want to hold a housebuilder you hold these two because build to rent and affordable housing are two fast growing sub sectors, rising costs are being offset by more efficient building techniques such as offsite modular factory construction. All IMO, decent entry point in both stocks. |
Posted at 13/5/2019 13:35 by porsche1945 Dividend will be cut, building costs rising, shortage of labour with brexit sxxtshow fiasco and London market tanking, builders could be heading back to 2008 prices, when they go, they really go. |
Posted at 26/4/2019 05:17 by hillofwad DIVIDENDSUnlikely to be a cut for the FY just ended.The BODS are mindful that profits are falling short of original target for a variety of reasons so will be maintaining their policy of distributing a third So they might decide to keep it at last years level or make a small reduction FY 20 they have already flagged up a profits fall -the majority of this is due to some construction delays to accomodate TFL at Finsbury Park station on City North .However this is only gratification deferrred as it just spills over into H1 FY 21 They should be on stream before the end of this FY on some further BTR projects which will do wonders for cash flow and head of at the gate the requirement for a capital raise or substantial dividend cut.Very likely they will be maintainig dividends beacuse of this Much of course will be dependent on the success or otherwise of selling stock at Gallions Point which so far has been relatively disappointing. Due to be released a litle later in the year when its nearing completion allowing the Help 2 Buyers to get stuck in. These are attractively priced so fingers crossed The remaining apartments at City North are similarly awaiting launching to the same buyers . Every confidence with this well located development that this should be OK TW annouced yesterday the cost of materials.This is likely to be also impacting TEF Current share price fully reflecting all the risks with a healthy yield |
Posted at 10/3/2019 10:40 by hillofwad What you have to bear in mind that planningwise BTR doesn't arrive alone; It still doesn't circumnavigate the Boroughs demands for 40% affordableWhat it does mean for sites with Invesco especially whose min requiremnt is 200 +bed much larger sites are needed This will open doors to some very big developments for TEF which were previously outside their comfort zone So TEF will be picking up also further profitable work building affordable housing and possibly some higher margin private sale elements into the mix too Its not the one you go for but the one you pick up on the way This has really elevated them into Premier League status |
Posted at 14/12/2018 18:55 by cerrito Cannaccord have come out with a long note covering the building industry and 12 shares, with TEF being the smallest by marcap. 9 of these are buys and three are holds –including TEF with a target price of 325. TEF is the only one of the twelve that I hold.They comment on higher debt levels at TEF; the fact that in the current climate TEF are unlikely to make their forecast this FY, especially as they are not cutting prices but TEF better placed with build to rent in the medium term. Interesting that in all time frames covering this year TEF#s share price has fallen in price more than the sector average. Its price/NAV ratio for 2018E is the lowest of the 12 companies. Hope to get time over the break to have a good look at the report. I have neither sold or bought since May last year. Well done to those who sold in the summer. Do not see myself buying more at these levels given the current uncertainty. |
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