Telford Homes Share Discussion Threads

[bulltradept] 16/11/2018 12:05

Perhaps soon be time to buy some more TEF....?

[lurker] 12/11/2018 11:28

posted in error

[cwa1] 05/11/2018 08:36

Acquisition of(part of) Greystar Site:-

[5chipper] 02/11/2018 07:56

Gci portfolio topped up on Tef.

"Pe of 6 and 6% yield far too tempting"

[tournesol] 26/10/2018 17:51

Nocton

one might also reflect on the looming pension crisis in France, not to mention the social welfare spending which is out of control and the strait-jacket of restrictive practices and wholly unrealistic regulations imposed on employers - 35 hour weeks etc.

Macron would like to make a bonfire of all the above and emulate the more realistic, pragmatic and business friendly policies implemented in the UK over the past 2 generations but is blocked by the very conservative (small c) and socialist instincts of the French people.

[nocton] 26/10/2018 16:39

"Pretty soon you knuckle draggers will have to accept the facts that the UK is a basket case with low productivity and pretty hopeless everything even after 10 years of near useless austerity, all of its own making."
I suppose that's why we have unemployment at 4% and France struggles to get it below 10%, with our GDP being about the same.
I voted to Remain, but when I hear remarks like this and the antics of people like Juncker, I begin to think I've made a mistake.

But can we get this thread back to talking about Telford rather than politics, please? And perhaps some manners?

[zho] 26/10/2018 15:11

>>now ignorarmous, poke off>>

Oh the irony ;-)

[warranty] 24/10/2018 17:15

Obviously a remoaner Porchie but when the EU capitulates on a suitable deal, which it will, the market will quickly pick up and so will the builders. Personally I do agree there is more fall to come before that but 2-3 years? I don’t think so.

[porsche1945] 19/10/2018 16:48

Tidal wave of short selling destroying the builders, forget the numbers, most of this is timing, momentum, unpleasant fact...the ftse full of sound companies nobody wants, the builders are now in the sights of heavy duty short sellers with a wall of money that can pretty much push this stuff where it wants....time to exit...these could all tank 50 pc over next six months..look at retailers to see what happens when market really turns.....there will be a time to get back in, two or three years maybe but the UK property gig for now heading south. Thank Cameron and brexit.

[hillofwad] 19/10/2018 07:54

Porsche

Yes, the writing on the wall for the majors has been there for sometime ..
The writing on the wall for Crest was when they opened up the vainglorious Midlands office buying oven ready,consented sites from other house builders just to get it running when the smart guys like Tony Gallagher who had already farmed the patch heading for the doors selling his entire land portfolio
Crest have even been selling open market consented sites to HAs for shared ownership

Think David Wilson and Barratt
Hope you were at the Porsche east end showroom the other week for the Gallions Point launch by TEF doing your bit for the cause the other week buying a flat

[robizm] 18/10/2018 18:18

2008 collapse was a credit crunch bank went bust mortgage lending collapsed for all borrowers even prime. It does not feel as bad as 2008 to be honest and most builders have net cash. Not saying these wont go lower but i have my cash ready if they do as mkt cap is £250 million and they are in prs so if no houses being built people will have to rent

[monkeywrench] 18/10/2018 18:10

Very funny !

[porsche1945] 18/10/2018 17:56

I dont disagree with any of that, i used to own these and I like the company altho I think it lacks critical mass, size, but I switched to shorting all the housebuilders at the start of the year, it just looked simple to me, the secondary market is poor, brexit likely to be a total disaster, political instability, a nation of credit junkies who have not had a proper pay rise in ten years and now rising rates, trashed currency sucking in inflation...the government daft help to sell scheme has only raised prices has not delivered more homes....its a laundry list. The only mystery to me is that it has taken till the last few months for them all to really start tanking, Crest probably wont survive...Barratt and TW and Persimmon all way overpriced still, Persimmon builds cheap nasty houses in cheap nasty places so will get hit very hard just like last time, its the most heavily shorted of the builders.I probably should cash out on the shorts but they seem to be gathering pace, plus Woodford is heavily into house builders so almost a dead cert for total collapse.

[speedsgh] 16/10/2018 13:29

New Edison QuickView note available...

Making progress, laying down markers -

[hillofwad] 14/10/2018 08:14

Porsche No doubt sentiment is against them but don't ignore their defensive strategy which they implemented 2 years ago with the switch to BTR .Took an early bath on Caledonian Road , Carmen Street and Upton Park and cashed in the chips

Now the cap on council housing has been lifted TEF find themselves in a unique valuable partner position between social and private housing Tower Hamlets likely to let loose with the cheque book .Every likelihood TEF will be the beneficary

The Greystar deal should pay the annual office overhead of £20m pa for a couple of years

Now the property market is softening there is a huge belt of money waiting to pick up the slack for BTR .TEF is in an enviable position of conducting a beauty parade of deep pocketed funds eager to utilise their diverse skillsets

Certainly happy to accumulate if anymore retracing

[porsche1945] 13/10/2018 14:26

These are heading back to 1.50 a share for the next few years, property market geading south, brexit fiasco, Corbyn, hopeless tories, rising rates and the end of the rising business cycle, UK has the smell of death about it since 2016, dividend on these will be cut by Spring.

[bulltradept] 12/10/2018 11:53

IC View Yesterday:

Profits for the first half of 2019 will be lower than in the second half, but profits are usually weighted towards the second half anyway. After the initial fall, the share price has recovered some ground, which suggests that the initial reaction was overdone. Indeed, if Brexit turns out favourably, the shares, trading at just 1.1 times net assets look cheap. However, with uncertainty unlikely to dissipate in the short term, poor sentiment will limit the upside. At 359p, hold.

[hillofwad] 11/10/2018 17:54

The Greystar deal is the hard hat to coast them thru the next 3 years Cash flow and economies of scale in purchasing services

[bulltradept] 11/10/2018 09:10

Buy for me again!

[alphapig] 10/10/2018 22:45

It's a sell from me, markets selling off, is that Dow down a 1,000, where's that hard hat gone?

[hillofwad] 10/10/2018 17:36

Hybrasil The net assets dont take into account the valuable partnership agreements some of which stem back to 2012 where HPI has been shovelled on in great slabs since

The net assets dont show the potential £40m valuable agreement on 9 Elms with Greystar

I must have read a different update The only issues are getting shot of those apartments within the next 5 months to achieve a record profit some of which are filled to the brim with windfall profits which will allow them to discount accordingly

They are currently in mainland China in 4 cities marketing Gallions

Give them a break Trees don't grow to heaven