Telford Homes Share Discussion Threads

[pillion] 19/4/2018 13:54

D Smith
Get fitted
No more punctures !

[dr_smith] 18/4/2018 17:55

Only popped out for a little while to fix a bike puncture and return to see folio day increase has zonked right up.
How could that be so late in the day?
Aha - nearly all down to TEF!
Someone woke Telford up at 3.10 pm.
It's not even Friday.
Google says 52 week high is 448.23.
Maybe blast that before the weekend?
Happy to remain lth.

[shauney2] 18/4/2018 16:08

From the London Evening Standard.



Di-Stefano said: “Overseas buyers are not really that bothered [about Brexit] in the first place. It doesn’t even get mentioned. They don’t ask about it, which is surprising... They don’t like the UK just because it is in the EU.”

[aimingupward2] 18/4/2018 16:05

Well it clearly wasn't when you asked the question, capricious, and it doesn't look like it now. It is still very good value and will very likely go to a new high quite soon. It pays a good dividend, too.

[capricious71] 18/4/2018 09:38

Time to sell?

[spob] 18/4/2018 09:27

edit: it's now okay

[spob] 18/4/2018 09:16

edmonda

link not working for me

[pillion] 18/4/2018 08:38

All good imho

Profit before tax expected to be up by more than 30 per cent, slightly ahead of current market expectations


Strong performance reflected in circa three percentage point improvement in gross and operating margins

[edmonda] 18/4/2018 08:26

Agreed.

Full research update from ED already out, reaffirming investment case, forecasts and fair value.

Free access here:

[jaf111] 18/4/2018 07:56

yes all looking rather good....nice improvement in margins....outlook excellent!

[cwa1] 18/4/2018 07:41

Highlights

·

Record revenue and profit anticipated for the year to 31 March 2018

·

Profit before tax expected to be up by more than 30 per cent, slightly ahead of current market expectations

·

Strong performance reflected in circa three percentage point improvement in gross and operating margins

·

100 per cent customer recommendation rate in 2017 demonstrating the Group's commitment to quality and service

·

Robust market for our homes in London assisted by broad mix of sales between build to rent, individual investors, owner-occupiers and housing associations

·

Over 100 homes sold at the launch of New Garden Quarter, Stratford in January 2018

·

Continuing demand from build to rent investors with the Group exploring ongoing partnerships to enhance supply to this sector

·

Over 2,900 homes currently under construction with scope to significantly increase this in the coming years

·

Total development pipeline of over 4,000 homes with several new opportunities being actively pursued

·

New longer term £210 million corporate loan facility negotiated at lower interest rate

·

Strategy focused on expanding build to rent output to support further growth and enabling Telford Homes to deliver more of the homes that London needs

Outlook

Telford Homes has delivered on the Board's promises of significant profit growth over the last three years and is well placed to continue to deliver further growth in the future. The Group now has just over 2,900 homes under construction with the operational scope to significantly increase this and a number of opportunities to add to its development pipeline at the right price point. The strategic focus on the build to rent sector fits well with an increasing rental need in London on one side and greater demand from large scale investors on the other. Telford Homes is a valuable delivery partner in the middle of this and as such, the Board believes there is a strong opportunity for further growth in the coming years.



Jon Di-Stefano, Chief Executive of Telford Homes, commented: "Telford Homes continues to perform well and I expect to once again report record revenue and profit for the year to 31 March 2018. As we increase the scale of the business, our growth is underpinned by the lack of supply of new homes in London and demand for our product at more affordable price points remains strong. Build to rent is the most exciting part of our business in the near term and I believe our increased focus on this sector will drive the next phase of our growth and bring even greater success."

[hillofwad] 15/4/2018 11:38

The update will announce the forward sale of two thirds of the 183 apartments at New Garden Quarter,Stratford stuffed to the gills with HPI 12 months in advance of completion

Considerable achievement with the current background and slackening conditions Sales taken place without resorting to Help 2 Buy .That still to come as the development completion hoves into view

Damage limitation exercise still continuing on the remaining apartments at Manhattan and Bermondsey
Help 2 Buy event this weekend with price haircuts to match
but still extremely profitable as FY18 will showcase
Steady as she goes into a difficult climate Some more IPRS sales would be most welcome where I am sure some are just about to be delivered

[jockthescot] 09/4/2018 12:43

thanks CWA. Must have been updated just before as I looked a few weeks ago and nothing there!

cheers

[jockthescot] 09/4/2018 09:39

Tudes - where did you get the 18th April trading update date?

Cheers

[pillion] 27/3/2018 12:57

....for All Seasons....

Very good Wad

[hillofwad] 19/3/2018 16:37

Tudes

With Caledonian Road and the little belter at Central completing in H1 19 profits are likely to be 3x H1 18 which will be an autumn warmer

The planning delays at Cambridge Heath Road where the interest bill is cranking up on the £30m purchase and delay on Chrisp Street will be more than offset when they announce the next PRS sale at Blackhorse Road

Telford Homes the Men for All Seasons

[tudes100] 19/3/2018 00:53

Trading update April 18th, FY results May 30th.
Given we're just a few weeks away from the new financial yr I've got a rolling PE of 7.5x, 4.5% yield. Not that many examples of that kind of value in the market imo.
I'm expecting the first few bullet points of the trading update to say exactly what they said last yr which in very reassuring....
Record revenues and profits anticipated for the year
Profit before tax expected to be (slightly) ahead of current market expectations

[hillofwad] 17/3/2018 13:13

aimingupward

They will be able to report the forward sale of 110 apartments in bleak midwinter at New Garden Quarter at prices a country mile ahead of those anticipated when this site first came under wraps

Launching at Bow next week later than they normally do in the development process This has given the chance for a head of steam to build up and hopefully will hit the ground running

They have dropped the prices on the remaining 3 bedders at Bermondsey in recent weeks and this has resulted in reservations like like hot cakes

It looks like the penthouses and sub -penthouses at Stratosphere are scheduled for practical completion in the first couple of weeks of April so heading for next years results

These 2 facts strongly indicate that they have been fairly relaxed getting the money back in before the the end of March so comfortably exceeding expectations for this year

[aimingupward2] 15/3/2018 15:58

Looks like this could be heading for 450p+ over the next few weeks, especially if we get a good trading statement early in April.

[hillofwad] 05/3/2018 14:06

The flats have been advertised both home and abroad since 2014 even before TEF was on the scene .Certainly nothing to stop Mr "slap in the face" from buying one .If he asks nicely I am sure they will give him a discount

Nothing more loud than the voice of vested interest probably trying to get a temporary rates discount for disturbance. Fails to mention of course the massive improvements to the transport hub at TEF's expense ,the new leisure offer and arrival of new residents who may or not buy from their shops

[chrisb1103] 21/2/2018 18:19

Non-exec buying yesterday :-)

Hopefully we should start to climb back upwards from here. Chart trend looking good.

[hillofwad] 19/2/2018 10:38

Shaker
The irony with the referral of Chrisp Street it actually increases the value of Balfron Tower as an affordable free zone

I hope they shift it to the IPRS sector but unlikely because of the potential backlash on Poplar HARCA decanting the former occupants in a social cleansing manner . Its quite hipster ,brutalist chic and should appeal to one of the more progressive outfits

[hillofwad] 19/2/2018 10:27

shaker

That hasn't been the case in most of their developments where in the past they have cleverly let to bluechip university on a 25 year lease with RPI kickers which institutions will buy day in ,day out on frothy yields

As the bespoke student accomodation market has matured the educational establishments have become a bit more circumspect and are fighting shy of having to suffer the management hassles and shortfalls in income received from students and rent paid out
Its a risk as the market becomes more saturated