Telford Homes Share Price (TEF)

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
	-2.00p	-0.51%	392.50p	391.75p	393.75p	394.50p	391.25p	391.25p	35,507	09:39:31

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Household Goods & Home Construction	291.9	34.6	36.8	10.7	295.21

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Telford Homes (TEF) Latest News

Telford Homes News

Date	Time	Source	Headline
23/8/2017	16:46	UKREG	Telford Homes PLC TR-1: Notification of Major Holdings
07/8/2017	11:32	ALNC	DIRECTOR DEALINGS: Telford Homes Executive Buys Shares
07/8/2017	10:48	UKREG	Telford Homes PLC Director/PDMR Shareholding
31/7/2017	07:00	UKREG	Telford Homes PLC Total Voting Rights
14/7/2017	12:50	UKREG	Telford Homes PLC Grant of Options
13/7/2017	14:15	UKREG	Telford Homes PLC Result of AGM
13/7/2017	10:04	ALNC	Telford Homes Expects Annual Profit To Rise By At Least 17%
13/7/2017	08:05	ALNCF	Alliance News Flash Headline
13/7/2017	07:00	UKREG	Telford Homes PLC AGM Statement 2017
30/6/2017	07:00	UKREG	Telford Homes PLC Total Voting Rights

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Telford Homes Takeover Rumours

Telford Homes (TEF) Share Charts

1 Year Telford Homes Chart

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Telford Homes (TEF) Discussions and Chat

Telford Homes Forums and Chat

Date	Time	Title	Posts
07/8/2017	11:13	TELFORD HOMES - Wot, nobody watching?	2,441
19/12/2014	10:45	Telford Homes 2014	17
08/8/2013	14:48	* Telford Homes *	24
24/8/2009	22:24	a	7

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Telford Homes (TEF) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
08:39:31	392.50	147	576.98	AT
08:34:36	393.25	126	495.50	O
08:33:42	392.00	4,978	19,513.76	O
08:02:07	394.50	1	3.95	O
07:59:41	392.28	131	513.89	O

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Telford Homes (TEF) Top Chat Posts

Date	Subject
24/8/2017 09:20	Telford Homes Daily Update: Telford Homes 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 394.50p. Telford Homes has a 4 week average price of 383p and a 12 week average price of 380.50p. The 1 year high share price is 439.75p while the 1 year low share price is currently 280p. There are currently 75,213,000 shares in issue and the average daily traded volume is 195,359 shares. The market capitalisation of Telford Homes is £295,211,025. Read Full Thread Reply
13/7/2017 09:40	jurgenklopp: to be fair to the Company they have been stating for a while now that they are on track to exceed £40 million pre-tax this year and £50 million for y/e March 2019. So the market has a good idea of what to expect even if it is heavily weighted to the second half of this financial year. What may give momentum to the share price is confirmation of some of these 'exciting opportunities' coming to fruition. In this respect Telford has developed a very good reputation and ought to deliver. A reasonably hefty divi will hit the account tomorrow - I will have a gentle top up !! Read Full Thread Follow Reply
13/7/2017 09:33	speedsgh: "We expect less than a quarter of the forecast open market handovers for the year to occur in the first six months and as a result full year profits will be significantly weighted towards the second half." Significant H2 weighting is not ideal & may act as a brake on the share price for a while until there is clearer evidence of them meeting full year guidsnce? TEF is a high quality business imo but, despite the chronic demand-supply imbalance, it still operates in a highly cyclical market. Read Full Thread Follow Reply
27/5/2017 07:37	walbrock82: Whether you are short or long-term investors, here are some serious facts to date and forecasts in the future: A. Since 2004, Telford Homes saw revenue compounded by 16%. B. Development pipeline is over £1.5bn or four times the size of annual revenue. What you didn’t know is Telford’s pipeline has an average property price of £510,000 vs. the average London price of £580,000. Should this give the company a cushion, if prices fall? C. Despite rising property prices, it is very sensitive to movement in price and sentiment (think volume of transaction). Remember that Brexit vote. it caused the shares to fall 30%. D. Annual home price is starting to fall in London. It registered a drop of 1.5% last year. The first time in eight years. Also, it caused Telford’s shares to collapse by 95%. But, I would admit that uncertainty surrounding the banks played a big part as well. E. Property prices in London are 15 times greater than the average salary of £30,000. This is the highest on record. Will it carry on higher? F. Telford’s guidance paint a rosy forecast of profit before tax of exceeding £40m in 2018 and £50m by 2019 (2016 was £32m). On that measure, expect the share price to rise to £6.50 per share on a proportional basis. If these facts interest you, then there is more in this article: http://bit.ly/2s6z0Bc What do you believe in? Higher or Lower property prices in London. Read Full Thread Follow Reply
25/5/2017 22:02	gp1948: It's a pleasure Olddog. TEF is the biggest holding in my portfolio (by quite some way). I like to keep track of things with this company. I think the results on 31st May should give us a modest boost in the share price. Read Full Thread Follow Reply
27/4/2017 08:58	jimbowen30: Very pleased to see the share price moving up. I didn't expect it to happen so quickly but view this as a solid long term holding. The Peel Hunt target price is not unrealistic imo. I don't usually time my purchases so well! Read Full Thread Follow Reply
25/4/2017 17:26	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 Read Full Thread Follow Reply
04/3/2017 13:31	gp1948: Thanks for those details hillofwad - I think we can look forward to some advancement of the share price over the coming months. Read Full Thread Follow Reply
30/11/2016 21:11	james188: John Di-Stefano gave a typically accomplished presentation this evening, at the end of what would have been a very long day for him. The RNS refers to over 100 legal completions on properties in the two months since the half year end, but I think that John mentioned an actual figure of about one hundred and forty. That compares to eighty- five in the whole of the first six months. For those who can access it, there is an interesting chart at page 2 of the ED note issued this morning which shows the varying H1/H2 splits over the last few years. I am totally relaxed about the share price action. I view it as a buying opportunity. Read Full Thread Follow Reply
18/10/2016 13:56	muscletrade: Investor Chronicle plugging TEF with a well considered piece. I also feel that investors are being overly cautious in their assessment of some housebuilders. I made a strong case to buy shares in east London builder Telford Homes (TEF:285p) at around the current level in late summer and last week’s trading update hasn’t altered my positive stance ('London property trading play', 22 Aug 2016). The board revealed that since the start of September it has seen greater interest levels and more visitors to its central sales centre which has led to an increased number of reservations. This includes the sale of three of the remaining penthouses at the Horizons development in London’s docklands which have achieved an average price of over £1m, well in excess of the company’s usual price point. The average anticipated price of open market homes in Telford’s future pipeline is £517,000. Given this focus on the lower end of the London housing market, profit expectations for the 12 months to end March 2017 are well underpinned. In fact, with over five months of the financial year still to go, Telford has already secured 95 per cent of the open market home sales for the 12 month period, prompting analyst Gavin Jago at brokerage Peel Hunt to maintain his pre-tax profit and EPS estimates at £33m and 35p, respectively, and pencil in a 10 per cent hike in the payout to 15.7p a share. Analysts Mark Hughes and Hannah Crowe at Equity Development have similar forecasts, having just initiated coverage. On this basis, the shares are rated on 8.25 times earnings estimates and offer a prospective dividend yield of 5.4 per cent. The next significant site launch is at the company’s City North scheme in Finsbury Park, a joint development with The Business Design Centre in Islington. The 355-home development is now underway and is being funded by a £110m loan facility with LaSalle Residential Investment Fund. The scheme also includes 140,000 sq ft of commercial and leisure space and a new entrance to the underground station. It’s well worth noting then that around 150 of the units have already been pre-sold and form part of Telford’s £650m sales pipeline which underpins over half of its revenues for the next three financial years. At an average selling price of £800 per sq ft, and given its attractive location, I would anticipate solid sales demand at City North when the site is launched next month. I would also flag up that the chronic supply shortage of housing in London reflects a significant gap between the need for homes and the numbers being built each year, an imbalance that will not ease anytime soon given the predicted population growth in London over the next decade. Furthermore, the collapse in sterling – buyers with euros and US dollars now get more than 20 per cent more UK property for their money than before the EU Referendum – has already stimulated interest at the top end of the London market and could attract rich overseas investors to the high rental returns from Telford’s offering. Institutional demand for PRS growing Another positive is that Telford is currently in discussions with a prospective purchaser for the sale of its third private rented sector (PRS) development this year. The company has already offloaded around 300 homes in its pipeline with a development value of £130m to M&G Real Estate, and a subsidiary of L&Q, one of the UK's leading housing associations and one of London's largest residential developers. These deals reflect increasing institutional demand for high-quality, well-located developments to be 'built for rent'. There is decent financial upside from PRS sales because assuming Telford achieves close to its target operating margin of 15 per cent, it will earn huge profits on the £130m of revenue generated from the two schemes. Profits will be recognised earlier because under contract accounting standards it is based on a percentage build basis rather than on legal completion of the schemes. Furthermore, Telford has no debt finance on its PRS developments, has recouped its land costs and is fully carried on funding, so will make a higher return on capital employed that on a normal housing development. Admittedly, it forsakes net margin to secure the sale of a complete development, but it’s good business as this mitigates risk. Frankly, with Telford’s shares priced on 8.25 times earnings estimates, rated on a 5 per cent premium to end March 2017 book value estimates and offering a forward dividend yield of 5.4 per cent, investors are pricing in a sharp reversal of house prices at the more affordable end of the London market despite the strong supply-demand dynamics of the market segment Telford is targeting. And with analysts forecasting cumulative EPS of almost 140p over the next three financial years even in a flat London market, of which over 50p a share is earmarked for dividends, this progressive earnings profile is simply not being reflected in the current valuation. Offering more than 30 per cent share price upside to my 370p target price, I continue to rate Telford’s shares a buy. Read Full Thread Follow Reply
21/1/2016 11:01	ganthorpe: Looking at the recent fall in TEF share price I did a few back of envelope calculations . Midas full year profit estimate of £30M may be pre or post tax.My scribbles worked out at £32m pre tax and £25.5M post tax. This gives EPS of about 41P allowing for the extra shares from the November placing. The interims stated that they intended to pay more than one third of profits as dividend , and the interim was up 27.5% , so a similar increase would give 7.65P for the final , making 14.15P for the year.This would be just over one third of 41P earnings and more than Midas figure. At about 350P the P/E would be about 8.5 times earnings and the yield about 4% DYOR Read Full Thread Follow Reply

Telford Homes share price data is direct from the London Stock Exchange

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