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
  -7.00p -1.65% 418.00p 417.50p 419.00p 427.00p 417.50p 425.00p 155,214 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 316.2 46.3 49.8 8.4 316.33

Telford Homes Share Discussion Threads

Showing 2701 to 2725 of 2725 messages
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DateSubjectAuthorDiscuss
05/9/2018
15:44
There is a recent report on Telford Homes' AGM which can be found here: hTTps://www.sharesoc.org/members-area/
sharesoc
02/9/2018
13:44
Reports in the press this weekend that the government is under pressure to extend help to buy scheme. Good news even if tef do not directly benefit as much as traditional housebuilders
5chipper
10/8/2018
16:00
Zoopla -41% increase in flat prices in Limeharbour in the last 5 years
hillofwad
10/8/2018
15:54
Well It's all relative . TEF paid £13m for the Liberty site in 2013 It was a very bold purchase for a small company at the time as it was bought completely unconditional in LBTH.Always a dangerous place to tread .Not only that they even delayed the start having the cojones once planning consent was obtained (no mean feat) to go back in for a couple of extra floors The site would have been acquired with target margins based on house prices which were probably 40% lower than they are today on the Dogs -so plenty to play with and 66% secured already
hillofwad
10/8/2018
15:43
For clarity, I "temporarily" sold during the high in May, to take up another opportunity. TEF remain on my watch list, I mainly focus on medium/long term and I favour the property sector and with TEF bias to rental market that is in itself expanding, makes it different to peers, though London market is often a special case, as seen by BKG (but in o/o context). I don't see any reason why agm comments are any different today. Note the price band differentials: hTTps://uk.webfg.com/news/Results-and-Trading-Reports/AGM-Statement-2018--dl27722757.html 12/7/18 agm statement: "I am pleased to report that since our final results on 30 May 2018, Telford Homes has continued to perform well. The London housing market at our typical price point has remained robust, with ongoing demand from a broad base of customers. The average price of the open market homes within our development pipeline is £539,000 and we expect that to remain relatively constant in the future. Our homes priced below £600,000 continue to sell at a steady rate. Above that level we have to work harder with prospective customers, but nevertheless we are still securing sales in line with our forecasts. Forward selling continues to be a core part of our business model through early open market sales launches and forward funded build to rent developments. This approach reduces risk whilst increasing visibility over profit recognition and cash inflows. Combined with our average price point, this will help to insulate Telford Homes against any short to medium term volatility in the London housing market."
dr_smith
10/8/2018
13:58
you guys seem.more sanguine than I feel.about only 1 sale?? what am I.misding?
shaker44
10/8/2018
13:25
OK understand. :-) Yes, surprising.
dr_smith
10/8/2018
13:03
LIBERTY No 2 years ago when they started on site was the initial launch pre-Brexit and the 2016 tax changes for landlords so perfect timing .They got them away home and abroad over the space of a few weeks Since April 2106 there were no further launches til June 2016 In other words over 2 years+since the initial launch they would have received enquiries about the development and unreleased apartments .Only 1 extra sale appearing .It just shows how things have deteriorated .
hillofwad
10/8/2018
12:43
Sorry - crossed wires I think: "The fundamental change clearly evident at the Liberty Building launched over 2 years ago pre-Brexit where 66% were cleared off the boards at the initial launch Since the recent launch having absorbed 2 years of pent up demand to tap into has produced 1 solitary sale" So 2 years ago was a re-launch? I fear I have missed the point somewhere, not aware of back-story on the development. Greystar: Thank-you for example, so if you are an institutional/corporeate BTR, you could say stamp duty is 2% of market value of finished property - a cost to be factored in in calculating ROI from rent. As stamp duty is as you say typically on land cost not construction costs, I was expecting it would equate to quite a bit less than 2%, which is ball park for a self-build you or I could do.
dr_smith
10/8/2018
11:50
No not the case with Liberty The clue is in the banner 66% sold TEF tend to release in bunches (Manhattan ,Bermondsey and City North ) and not show total availability when there is a shedful to get shot Same rules apply with Bow Garden Square STAMP DUTY IS PAYABLE ALL SALES AND LAND PURCHASES BUT NOT ON CONSTRUCTION COSTS The 9 Elms deal between TEF and Greystar scheme for example is a classic case of a stamp duty saving exercise Greystar will be paying a whopping £12 m stamp duty on their land purchase of £101m TEF and Greystar are building 894 apartments and rather than buy the completed project for say fair market value at say £600m from TEF which would flag up £71m in stamp duty -they are entering into a construction contract plus profit which attracts no stamp duty !-massive saving
hillofwad
10/8/2018
11:08
hillofwad: Thank-you for links. At a glance the liberty page is a summary page updated to have one sold, I would assume all others sold. If they were still being built, an astute advertiser would be showing them as say "available from ?/?/? date for occupation, available now to buy from plan". BTR. For new builds, (as in self-built private folks) I understand you pay stamp duty based on the land cost. I don't know how this works for the corporate builds, whether stamp duty carries a high unit cost, as you have say 20 homes/floors on each ground plot, so maybe in that example you only pay 1/20 of the ground cost stamp duty per home.. though no doubt there are different stamp duty rules in this scenario, so don't know if any increase would be adverse or material for TEF. V11SLR in earlier post offered this link to answer that: hTTps://www.boodlehatfield.com/the-firm/articles/stamp-duty-land-tax-a-thorn-in-the-side-of-build-to-rent/ ..so whether gov want to change corporate rules will be a slightly different decision as it would be counter-productive to objective of increased supply. Dave p.s. Middle name Russell..not a Dr..couldn't see my name in link but great song - and relevance is not a changin'. ;-)
dr_smith
10/8/2018
10:05
Nocton I have been watching TEF like a hawk since 2011!!Investigating their individual developments and following sales Any question please ask and will try my best from the research I've undertaken to provide some sort of an answer . They enter a challenging time but we are lucky to have a first class set of BODS and senior managers , a loyal band of sub-contractors . They have forged partnerships with the creme de la creme.The fact Savills are seeking them an institutional partner speaks volumes. Expect the best!
hillofwad
10/8/2018
09:22
Thanks, for the background, hillofwad. I've only been a shareholder since 2016 so I was not aware of the earlier sort of sales.
nocton
10/8/2018
09:17
Thanks HOW, appreciate the response
tudes100
10/8/2018
09:06
Nocton No that's not the case during 2012 -2016 the majority of their buyers were individual domestic and foreign investors .Read back though their Annual Reports where they have analysed their buyer profiles .They were cheap as they bought off plan 2 years + in advance of completion Those who bought Stratford Plaza for example doubled their money and 50% gains on the early sales at Sratopshere Many were bought by speculators. It;s only recently that this has all changed as the Help 2 Buyer has picked up the slack of the departing individual investor . Now they are targeting the institutional BTR buyer.Good news to arrive shortly TEF adapt very quickly to changing market conditions
hillofwad
10/8/2018
08:56
Tudes - Unfortunately they have not released the others on their website yet no doubt will appear when they make some inroads into those shown as available . You will also note that they have bannered 66% sold which means 33/34% left.There are a total of 105 private homes The good news about this development despite the current lack of sales .it was a site (former office building)bought relatively cheaply unconditionally sometime ago and it has enjoyed plenty of HPI since They can afford to chip the prices and will still be way above original target
hillofwad
10/8/2018
08:53
"TEF have relied heavily on the individual BTR investor" How do you know that they are BTR investors? TEF info has always implied to me that they have been selling mostly to ordinary house buyers. Surely most BTR investors go for cheaper houses/flats?
nocton
10/8/2018
08:27
where did you get the info about the 1 sale HOW ? According to the PR they released 35 new 'homes' at the end of June. I can only see 13 available ?
tudes100
10/8/2018
06:49
Http://www.propertyindustryeye.com/landlords-barometer-61-buy-to-let-becomes-cry-to-let/ Not The Dr. Smith mentioned here then? Https://www.youtube.com/watch?v=e7qQ6_RV4VQ TEF have relied heavily on the individual BTR investor walking into a hotel room in Canary Wharf , a quick shuftie at some plans and hand over a reservation deposit 2 years in advance of completion .That will do nicely. JLL .the agents must look back fondly at those days . The fundamental change clearly evident at the Liberty Building launched over 2 years ago pre-Brexit where 66% were cleared off the boards at the initial launch Since the recent launch having absorbed 2 years of pent up demand to tap into has produced 1 solitary sale hxxp://www.telfordhomes.london/microsites/liberty-building/availability.cfm
hillofwad
09/8/2018
18:49
The operative word is 'could'. It's just speculation from those who have a vested interest in seeing higher prices. What is not mentioned is that for every seller there is a buyer and fewer buy-to-let buyers means more first time house buyers = fewer renters.
nocton
09/8/2018
11:03
michael gove without hair??!!
shaker44
09/8/2018
10:41
Thank-you for your nomination speedsgh. Well.. I would probably accept that role, except: 1) Now retired 2) I am bald, ergo have no hair to pull out when dealing with the reluctant. 3) I used to be a camera man (video producer) and know that rather than be in front doing Boris quotes, I am best behind the camera. Being technical and non-handsome I know my place. ;-)
dr_smith
09/8/2018
09:44
@DR_SMITH - Well said. Regrettably common sense or doing what's best for the greater good are not commodities that appear to come naturally to politicians. Far too many party/personal interests to lure them off the path. I'm happy to back your nomination as the next Housing Minister ;o)
speedsgh
09/8/2018
09:09
I found this interesting. "Supply shortage could push rents up 15% says RICS" hTTps://www.bbc.co.uk/news/business-45113867 "John Healey said: "It's staggering that Conservative ministers still have no answer to the increasing pressures private renters face. "Labour in government will fix this broken market with bold new rights for renters including an end to no fault evictions and controls on rents." That action would make being a landlord (corporate or otherwise) less attractive and further diminish the supply of rented property. Both governments seem to miss the stark fact that a shortage of supply (be it o/o or rented) for an expanding population needs more to be built. Offering tax breaks and incentives for those that are built does not influence the volume of supply. IMO :-)
dr_smith
02/8/2018
17:35
Thanks Hillofwad for the reply
clarea
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