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 Shares Traded Last Trade
  0.00 0.0% 349.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
349.50 350.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 354.33 40.12 44.60 7.8 266
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 349.50 GBX

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Date Time Title Posts
07/10/201913:03TELFORD HOMES - Wot, nobody watching?2,837
03/7/201910:56*** Telford Homes ***41
19/12/201410:45Telford Homes 201417

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Telford Homes Daily Update: Telford Homes Plc is listed in the Household Goods & Home Construction sector of the London Stock Exchange with ticker TEF. The last closing price for Telford Homes was 349.50p.
Telford Homes Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 76,035,500 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Telford Homes Plc is £265,744,072.50.
speedsgh: Believe the deal is still awaiting EU merger clearance... Results of Court Meeting and General Meeting - HTTPS:// 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. HTTPS:// 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.
gengulphus: zangdook, Presumably HSBC are buying on somebody else's behalf. Is there anything to prevent the bidder buying in the market? Nothing prevents the current bidder buying in the market, but if they pay more than the 350p price of their offer, the Takeover Code will require them to increase the price of their offer to the highest price they pay. Gengulphus
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
gengulphus: I do not consider this offer attractive - it's only a small premium to the previous market price, and personal tax reasons more than cancel out what little attraction that premium has: it forces me to realise a capital loss that I do not think I'll need this year, making it unattractive for CGT reasons, and also the majority of my shares clearly qualify for IHT exemption at present - if I have to reinvest takeover proceeds in another suitable AIM share, it will be two years before that exemption is clearly back in place (*). I'd much rather continue to own the shares and see what happens in future. I therefore intend to vote against the scheme of arrangement in the company meeting and the Court meeting about it. My number of shares is not very influential - it's dwarfed by the number of shares subject to irrevocable undertakings, and that's only 3.86% of all the shares. But such Court meetings also have a requirement for a majority of the shareholders, and my vote against will count equally with that of any other shareholder, no matter how many shares they own. The catch is that (at least as I understand it) those requirements are about the number of registered shareholders voting, and those who hold shares in nominee accounts are not registered shareholders - only those who hold them in CREST accounts or as certificates are. An additional catch is that ISA shareholdings (and I believe those in other tax shelters as well) are required to be in nominee accounts. Those catches are not problems for me - I use my ISAs for other investments and my Telford shares are already in a CREST account. But for anyone who holds in an unsheltered nominee account and who feels strongly enough about getting their votes cast in the most effective way to be willing to pay the broker charges involved, now is the time to get your broker to 're-materialise' your shares as a share certificate (or transfer them to a CREST account) - it's a process that typically takes some time and you want to get it done before the voting deadline for the meetings (and preferably before the company sends out the voting forms for them). Note I'm not saying anyone should feel that strongly about the matter - how strongly someone feels is for them to decide, not me! I'm only alerting those who do feel that strongly to the catches, hopefully early enough for them to act to avoid them. (*) The word "clearly" is important in that - it may be that it is back in place earlier as a result of the 'replacement asset' rules for the IHT exemption, but that is a murkier area that I'm uncertain I really understand. Gengulphus
zangdook: Not happy. It's only been sub-£4 for a few months. I didn't buy this for an 11% return, even if I had bought in at yesterday's price. As it stands I bought higher, but was quite prepared to ride out the temporary fall in the share price Not happy at all.
spob: CBRE to buy UK-listed residential developer Telford Homes Tie-up values Telford’s equity at more than £200m Philip Georgiadis 13 minutes ago CBRE, the world’s largest real estate services firm, has agreed to buy British residential developer Telford Homes in a deal that values its equity at £267m. The New York-listed property group said on Wednesday that it has agreed a cash deal to pay 350 pence per share for Telford, which represents an 11 per cent premium to its Tuesday closing price of 306 pence. The deal values Telford’s equity at approximately £267m. Including net debt, the enterprise value of the deal is roughly £340m, according to FactSet data. Telford Homes’ chairman said the deal represents “fair value” in light of the group’s market positioning, its portfolio and pipeline and “the current operating environment.” The group’s share price has fallen from highs of nearly 500 pence in 2015. The UK housing market has slowed in recent years, with the London market particularly badly affected by changes to taxation and the impact of Brexit-related uncertainty. Andrew Wiseman said: “The board remains confident in the long-term prospects of the business, however the board also recognises the risks posed by the political and macroeconomic environment”. Aim-listed Telford was established in 2000 and develops residential housing across London, with a development portfolio in process of £1.3bn. It has recently shifted to focus on the build to rent sector, which CBRE expects to grow substantially in the coming years. Bob Sulentic, president and chief executive of CBRE, said: “The UK is in the early stages of a secular shift toward institutionally owned urban rental housing, similar to what we have seen in the US over the last two decades. Telford Homes is well positioned to lead this trend.” Telford would operate as a stand alone business within CBRE subsidiary Trammell Crow Company if the deal completes.
hillofwad: Porsche You have set the scene for high barriers to entry into the London market and TEF occupy a unique position straddling private/BTR/affordable/social housing sectors 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
hillofwad: DIVIDENDS Unlikely 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
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.
speedsgh: TEF share price was nearly 500p in Q2 2015. Reckon the company is in a better position now than it was then, albeit macro uncertainty may be greater at this point? Aimho
Telford Homes share price data is direct from the London Stock Exchange
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