Share Name Share Symbol Market Type Share ISIN Share Description
Telford Homes Plc 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
  -0.50p -0.14% 350.50p 350.50p 351.00p 351.00p 350.50p 351.00p 355,476 16:35:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 354.3 40.1 44.6 7.9 267

Telford Homes Share Discussion Threads

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I cannot make the AGM today and appreciate feedback from anyone there.
Just for the record..... Telford Homes Plc (AIM:TEF), the London focused residential property developer, will hold its Annual General Meeting ('AGM') at 12.30pm today at Telford House, Queensgate, Britannia Road, Waltham Cross, Hertfordshire EN8 7TF. At the AGM the Chief Executive of Telford Homes, Jon Di-Stefano, will make the following 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. Over the past three years we have made strong progress in the build to rent sector which now forms a significant part of our future growth strategy. Our activity in this burgeoning sector is helping to increase the scale of the business and will enable us to build on our substantial development pipeline of over 4,000 homes. I am pleased to report that we have commenced contractual negotiations for the sale of 257 homes at Equipment Works in Walthamstow, E17 with a significant build to rent investor. Having purchased the site in December 2017, the Group began the formal sale process in April 2018 and received interest from a large number of investors. We expect to proceed to exchange of contracts in the next few months. We continue to appraise a number of new build to rent opportunities as we look to strengthen our reputation as one of London's leading developers in the sector. We have previously reported the possibility of forming a longer term partnership with at least one investor and we continue to believe this will be the most productive way of delivering increased build to rent development in the future. We are determined to find the right investor to fit with our London focus and with a long term commitment to the sector. Therefore, we have instructed Savills to assist us in this process and we expect to make significant progress before the end of 2018. The Board remains confident that the imbalance between supply and need for new homes at our typical price point in London will underpin our future growth. We remain well placed to achieve our stated goal of exceeding £50 million of total pre-tax profit for the year to 31 March 2019, weighted towards the second half as in previous years. Our position as one of the leading developers in London will be further enhanced by our increasing activity in the build to rent sector and the continued success of Telford Homes will enable us to deliver consistent returns to our shareholders."
The theme in the last few annual reports is the demand for BTR product by institutions entering the market and that TEF are in a very special place to supply it .They haven't got a monopoly on it in their patch or exclusivity with their partners hence the recent deal announced by Redrow with M&G . It's been over a year since they announced the last deal with Greystar.You can take it as read they haven't been sitting on their hands. TEF show their true range of skillsets on complicated deals which can take years to piece together. The CEO mentioned twice last year a significant site in the East There is no reason to believe that this is not still on the drawing board . It could be something as the CEO is never prone to exaggeration on the scale of another Nine Elms+ Watch this space
Looks like the tide is turning and there's a really good buying opportunity here.
Support must kick in soon surely ?? There'll be a trade in this when the trend changes. Market obviously worried about slowing growth and sales in London. With a 15% fall in the shareprice now I'd say it's now priced in.
I don't think the shorters have finished with house builders yet.Just a lull in the proceedings.Tef caught up with the mix News of a few BTR deals should keep the ship sailing.Anytime soon for a big announcement.
Why are all the builders UP today, except this one? Have i missed something?
In at 417.6 let's hope the support holds. Suppose I was interested at 446p so 417.6 a bit of a bargain.
Well in a company which thrives on deals you have to reward your staff properly.They aren't going to attract top industry players like Jerry from L&Q without .Sort of character who can bring a £200m deal to the table.Pay peanuts get monkeys . 3 years is along time in property.
Picked up a few to begin with on Friday - been tipped three times over recent weeks
I agree. so probably a buying opportunity for the brave....
So Telford have joined the nil-cost options brigade. I'm not sure I like this, and certainly don't view 3 years as a long term incentive....
Interesting times ahead for TEF.No new BTR deals announced for a year but it's clear from the guidance that we can expect to hear of some major deals soon and possibly a formal alliance with a big ticket operater like Greystar and M&G which has been under discussion for sometime. This should keep the wheels on the bike and add a few gears during more difficult times ahead with sales to individuals both owner- occupiers and investors proving more difficult.Head office costs are now over £25m pa so plenty of mouths to feed. The market has shifted in a number of areas in TEF's patch .Manhattan Plaza -there are still plenty cluttering up the portals despite major haircuts on prices.Even a liveried up black cab by TEF with Manhattan Plaza emblazoned as a mobile coffee shop as marketing being undertaken in earnest The remaining apartments at nearby Liberty due to launch soon Every likelihood that those buying in certain developments at just under the £600k threshold using Help 2 Buy are immediately entering negative equity territory. July will be an important month for TEF.Chrisp Street back on the planning addenda without any major changes and should stutter through.This really is an exciting development with the original agreement set in stone sometime ago so plenty of baked in HPI.Hopefully this will lead to Cambridge Heath Road's planning application now the political dust has settled As important is 9 Elms where planning is expected in July -a major contribution towards future revenue. Watch this space!
Some nice positive coverage in IC today from Simon Thompson. He is a big fan of TEF. So am I. Long term hold for me. To think I first bought on a pre-brexit spike. Luckily the day after the brexit election I averaged down & continued to do so when the share price was very weak. Great company.
Makes sense
Profit taking by people who wanted to receive the July divi, I would guess. I expect it to climb back up fairly quickly.
Well we are ex divi but -15p seems a bit extreme. Any other reason?
Tipped as a buy in Shares Magazine today. Ex divi today too...
TEF chart is a genuine Gold Cross LOOK No advice intended
+1 for chasbas
Positive write up in today's Daily Telegraph, allowing the CE to emphasise the phenomenal demand for Build to Rent. Equity Development also published a lengthy positive write up. IMHO a very strong hold. The management seem to be ahead of the game in Build to Rent
Telford Homes If you have read anything about the housing market recently, you’ll be well aware that if you’re hoping for a nice return on your money, then right now one of the worst places to put it is in the London property market (Tom Knowles writes). Prices are falling, asking prices are to be negotiated, overseas demand is waning, yields are minimal and uncertainty pervades. Yet despite all that, Telford Homes, which only builds in London, is actually a safe bet. The company has delivered a stellar set of full-year results, with a 35 per cent rise in pre-tax profits to £46 million and 8.3 per cent increase in the total dividend to 17p per share. This is because the housebuilder is carving out a new niche in the build-to-rent sector, where properties are built solely for renting and are managed by one landlord. Telford finds institutional investors looking to finance a build-to-rent development, secures planning permission on a site, develops the flats and hands them to the investor to manage. It is a low-risk, capital-light model that will aid long-term growth and is already beneficial. The company is doing individual deals with investors on build-to-rent sites, but it is looking at establishing a permanent partnership with one that which would enable it to boost production more quickly. Build-to-rent is expected to make up half of Telford’s revenues over the medium term, up from 17 per cent over the past year. Telford is also delivering homes for open market sale in “non-primeR21; areas where the average selling price of £539,000 is below the £600,000 cut-off point for properties that are entitled to a Help to Buy loan. The total development pipeline is worth £1.3 billion, equivalent to more than 4,000 homes, 75 per cent of which are in a detailed design phase or under construction. That is helping to underpin the company’s guidance that pre-tax profit will exceed £50 million this year, which would mean that Telford has doubled its profits in four years. The shares are priced at 456p, but most brokers have a target of between 510p to 530p, while the dividend yield for this year is 4 per cent, rising to 4.2 per cent in 2019. ADVICE Buy WHY Increasing exposure to the build to rent market and a strong development pipeline
ron manager
can you post text speedsgh?
TEF has been recommended as a BUY in the Tempus column in today's Times... HTTPS://
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