Telford Homes (TEF)

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Telford Homes Socially Speaking

Telford Homes RNS, News and Media

Headline

18 Apr 2018
Telford Homes PLC - Trading Updatefrom Interactive Investor
18 Apr 2018
RNS press release - Trading Update from Proactive Investors
3 Apr 2018
Telford Homes PLC - Total Voting Rightsfrom Interactive Investor
3 Apr 2018
RNS press release - Total Voting Rights from Proactive Investors
28 Mar 2018
Telford Homes PLC - Director/PDMR Shareholdingfrom Interactive Investor
28 Mar 2018
RNS press release - Director/PDMR Shareholding from Proactive Investors
22 Mar 2018
Telford Homes PLC - Issue of Equityfrom Interactive Investor
22 Mar 2018
RNS press release - Issue of Equity from Proactive Investors
20 Feb 2018
Telford Homes PLC - Director/PDMR Shareholdingfrom Interactive Investor
20 Feb 2018
RNS press release - Director/PDMR Shareholding from Proactive Investors
9 Feb 2018
Telford Homes PLC - Notification of Major Holdingsfrom Interactive Investor
9 Feb 2018
RNS press release - Notification of Major Holdings from Proactive Investors
2 Feb 2018
Telford Homes PLC - Director/PDMR Shareholdingfrom Interactive Investor
2 Feb 2018
RNS press release - Director/PDMR Shareholding from Proactive Investors
1 Feb 2018
Telford Homes PLC - Board Changesfrom Interactive Investor
1 Feb 2018
RNS press release - Board Changes from Proactive Investors
31 Jan 2018
Telford Homes PLC - Notification of Major Holdingsfrom Interactive Investor
31 Jan 2018
RNS press release - Notification of Major Holdings from Proactive Investors
25 Jan 2018
Telford Homes PLC - Block listing Interim Reviewfrom Interactive Investor
25 Jan 2018
RNS press release - Block listing Interim Review from Proactive Investors
20 Dec 2017
RNS press release - Exchange of contracts with London Borough of Brent from Proactive Investors
20 Dec 2017
RNS press release - Acquisition of prominent site in Walthamstow from Proactive Investors
18 Dec 2017
RNS press release - New £210 million corporate loan facility from Proactive Investors
29 Nov 2017
RNS press release - Interim Results from Proactive Investors
1 Nov 2017
RNS press release - Notification of Major Holdings from Proactive Investors
11 Oct 2017
RNS press release - Trading Update from Proactive Investors
11 Oct 2017
RNS press release - Proposed Appointment of Director from Proactive Investors
20 Sep 2017
RNS press release - Analyst Site Visit from Proactive Investors
23 Aug 2017
RNS press release - TR-1: Notification of Major Holdings from Proactive Investors
7 Aug 2017
RNS press release - Director/PDMR Shareholding from Proactive Investors
31 Jul 2017
RNS press release - Total Voting Rights from Proactive Investors
14 Jul 2017
RNS press release - Grant of Options from Proactive Investors
13 Jul 2017
RNS press release - Result of AGM from Proactive Investors
13 Jul 2017
RNS press release - AGM Statement 2017 from Proactive Investors
30 Jun 2017
RNS press release - Total Voting Rights from Proactive Investors
20 Jun 2017
RNS press release - Publication of Annual Report - Notice of AGM from Proactive Investors
8 Jun 2017
RNS press release - Director/PDMR Shareholding - amendment from Proactive Investors
8 Jun 2017
RNS press release - Director/PDMR Shareholding from Proactive Investors
5 Jun 2017
RNS press release - Significant build to rent agreement with Greystar from Proactive Investors
31 May 2017
RNS press release - Total Voting Rights from Proactive Investors
31 May 2017
RNS press release - Final Results from Proactive Investors
31 May 2017
News - Telford Homes posts record full-year revenues helping pretax profits beat expectations from Proactive Investors
15 May 2017
RNS press release - Additional Block listing from Proactive Investors
4 May 2017
RNS press release - Preferred partner for 236 homes in South Kilburn from Proactive Investors
28 Apr 2017
RNS press release - Total Voting Rights from Proactive Investors
25 Apr 2017
RNS press release - Acquisition of Stone Studios, E9 from Proactive Investors
5 Apr 2017
News - Telford Homes shares rise as housebuilder bucks Brexit to post record profits from Proactive Investors
21 Dec 2016
RNS press release - Third Build to Rent sale for £48.6 million from Proactive Investors
21 Dec 2016
RNS press release - Director/PDMR Shareholding from Proactive Investors
21 Dec 2016
RNS press release - Director/PDMR Shareholding from Proactive Investors
15 Dec 2016
RNS press release - Holding(s) in Company from Proactive Investors
30 Nov 2016
RNS press release - Total Voting Rights from Proactive Investors
30 Nov 2016
RNS press release - Interim Results from Proactive Investors
12 Oct 2016
RNS press release - Trading Update from Proactive Investors
30 Sep 2016
RNS press release - Total Voting Rights from Proactive Investors
15 Sep 2016
RNS press release - Director/PDMR Shareholding from Proactive Investors
31 Aug 2016
RNS press release - Block listing Interim Review from Proactive Investors
30 Aug 2016
RNS press release - Director/PDMR Shareholding from Proactive Investors
29 Jul 2016
RNS press release - Update on United House Developments acquisition from Proactive Investors
29 Jul 2016
RNS press release - Total Voting Rights from Proactive Investors

Telford Homes Charted

Telford Homes Discussion on Interactive Investor

Re: Really? by Eadwig

  Fri, 17 Nov 2017 14:05:00 GMT
P-E, "Don't buy now, buy when the price takes a hit in November on the trading update, is my advice - or anytime the price falls back towards @360p, come to that."

Well I hold quite a lot of TEF in two accounts, and have been buying on pullbacks to that @360p level, but due to buying at the wrong time just before the placement and my poor management and trading since then, including reducing my position at a loss on one occasion, and not taking enough profit on others, I still have an average of @413p or so in my SIPP. @370p approx in my trading account, which is a lot more comfortable.

I am unsure why the average TEF selling price has come down. I haven't analysed it but I would be surprised if they were making less profit. House prices have been shaved in london, but not in TEF's selling range I suspect. That's a guess though ... if only I had the time to look into it ...

I am also short on FTSE 100 using UK3S (different to yours, possibly, there are a few of them). I have been to some degree for almost a year now, and its been a losing position - however, the fact I've held it has allowed me to feel free to go long on several stocks which have paid off well. Which is the idea of hedging, I suppose.

Eadwig
By Eadwig

Re: Really? by PIE-EATER

  Thu, 12 Oct 2017 14:59:00 GMT
Eadwig

In general I would agree..

to pick up on couple of your points....

"Plus, the average selling price of TEF's affordable London homes has come down..."

But what is the reason for this? Is it going to affect ROCE / net profits?

"It seems a very odd market reaction - but then it isn't the first time in the last 18 months or so that I've noticed the market doesn't appear to be looking forward much more than a few days in many sectors."

Isn't this the "wall of worry".Brexit, Trump, Korea, Interest rates, GDP, the colour of Molly's kitchen wall? I would like to suggest there is more money on the sidelines than at a comparable stage in any bull run (and yes I know this is one of the longest) and everyone is looking for the first signs of a major pullbackheck, even I have effectively just gone short on the FTSE buy buying 3UKS (leveraged short FTSE as I don't do CFD etc)

"Don't buy now, buy when the price takes a hit in November on the trading update, is my advice - or anytime the price falls back towards @360p, come to that."

Agree

GLA

PE

By PIE-EATER

Really? by Eadwig

  Thu, 12 Oct 2017 10:54:00 GMT
Once again TEF issues a trading update saying everything is on target, but because of the way contracts fall (being a small company and not a major with completions naturally spread across the calendar year) H1 results will look poor by comparison to last year and the full results.

They did this last year, but the final results came good. I'm involved with other smaller construction companies that also see the same phenomenon.

Last year, the market knocked back the price on TEF at H1 and then boosted it at H2, providing a great buying (and profit-taking) opportunity.

After the last trading update, it looks like they're gearing up to do exactly the same again. Don't buy now, buy when the price takes a hit in November on the trading update, is my advice - or anytime the price falls back towards @360p, come to that.

It seems a very odd market reaction - but then it isn't the first time in the last 18 months or so that I've noticed the market doesn't appear to be looking forward much more than a few days in many sectors.

I'll re-read the Trading Update just to be sure, and everyone else should too if they intend to buy, but I'm pretty certain already we're going to see a repeat pattern.

Plus, the average selling price of TEF's affordable London homes has come down, and they're ideally placed to provide social housing for London boroughs that are to be provided with cash to achieve same. Al this can is surely only a plus in the current political climate ...

Am I missing anything here?
By Eadwig

sp by fitcontroller

  Thu, 13 Jul 2017 15:13:00 GMT
why no big rise?, Galliford jumped 8% last week on similarly good results
By fitcontroller

Re: Big Drop Recently by Eadwig

  Thu, 29 Jun 2017 08:48:00 GMT
UB, "This is just TEF doing what TEF does. Every year you have a sharp spike at results"

Is this true I genuinely wonder? Because if you can predict something (the future) in the stock market then you can make a lot of money. So, in all ignorance, I'm now going to bring up the 5 year chart (I suspect the placings may mess up your theory)...

... so much for that experiment - the in-line chart has come up blank!

Hopefully it will show up for any readers. I would say there is some definite validity to UB's statement about a spike after results from what I can see in another charting tool.

By Eadwig

Re: Big Drop Recently by PIE-EATER

  Wed, 28 Jun 2017 17:03:00 GMT
and most other builders do the same over the summer after a decent run at the start of the year (read Simon Thompson in IC around Dec time when he advocated a basket of about 7/8 builders)

despite a limit purchase triggering, the majority of our cash for TEF is set at lower limits with 90 days expiry (so heading to October)
By PIE-EATER

Re: Big Drop Recently by uselessbaba

  Wed, 28 Jun 2017 09:04:00 GMT
This is just TEF doing what TEF does. Every year you have a sharp spike at results, followed by a drift back down. You can pretty much set your watch by it !

UB.
By uselessbaba

Re: Big Drop Recently by Eadwig

  Wed, 28 Jun 2017 08:48:00 GMT
Not all their housing is high rise, by any means, but they do have high rises, ooky, a glance at their web site will tell you that.

How old they are and what standards they've been built to will make a difference. I assume TEF's are all on more modern standards but I'm unsure.

The sector is bound to be hit by additional costs to some extent just to do with checking materials standards etc and planned new builds may well need some revision which will also add to costs, though not in any significant way I think, more of an increased admin overhead.

Uncertainty. The markets don't like it. Surely though, ultimately, those involved with supplying affordable housing are going to see a load of new money flooding into their sector of the market sooner now rather than later?

I personally added yesterday @385p here and also to my INL holding which is a smaller company based around the south coast and south east providing affordable housing and building and renting on behalf of local authorities. D.Y.O.R.

Eadwig
By Eadwig

Re: Big Drop Recently by ookyfly

  Tue, 27 Jun 2017 15:33:00 GMT
One of my biggest holdings - a core holding too. I don't care about short term volatility. I very much like TEF's business model, and I think it's sound.

Pi's may have been spooked by news that buy to let purchases are sharply down. There's also a general nervousness about cladding. But so what if you hold TEF? Build to rent is quite different. And no high rises.

High density, low rise urban housing is going to be in demand and is right up TEF's street.
By ookyfly

Big Drop Recently by Eadwig

  Tue, 27 Jun 2017 09:43:00 GMT
After excellent results ... do we have some cladding issues somewhere I wonder?
Or more general disruption anticipated in the London affordable homes market? Or is AIM giving us a bargain and my HOLD should be a BUY?

Any ideas anyone?
By Eadwig

Re: Ex-div today by PIE-EATER

  Thu, 15 Jun 2017 15:27:00 GMT
Mid caps really taking a pounding todaycurrently down well over 500pts
By PIE-EATER

Re: Ex-div today by PIE-EATER

  Thu, 15 Jun 2017 15:19:00 GMT
0.25% hike won't make a jot of difference to foreign buyers. All they see is a long term progressive upwards trend in a country with a good legal and governance structure and some sort of divi (which many won't get at home)

A SERIES of rate hikes would make a difference to them however.

The significance of a possible 0.25% rise would be far more noticeable on UK citizens and equity investors as it would would be a signal that things were a changing...

all IMHO of course
By PIE-EATER

Re: Ex-div today by Eadwig

  Thu, 15 Jun 2017 14:25:00 GMT
Bo**o*ks!

Forgot to add that rates just went up in Hong Kong too - where a lot of TEF's foreign customers have been coming from. So equals out in some respects, assuming HKD is that much stronger as a result.
By Eadwig

Re: Ex-div today by Eadwig

  Thu, 15 Jun 2017 14:23:00 GMT
No kidding, P-E. TEF price was recovering. I went for a nap, came back and that had happened, with price heading down again.

The repeat voter for a hike just had her last B of E meeting though, so 5-3 is perhaps not as close as it feels at the moment come the next meeting.

On the other hand, something has to be done about inflation. I'm not sure a 0.25% hike would hurt mortgages, but would certainly give the GBP a fillip. That wont help TEF with foreign buyers, of course ...
By Eadwig

Re: Ex-div today by PIE-EATER

  Thu, 15 Jun 2017 13:54:00 GMT
Interest rate info a bit of a surprise

Limit order set at 390 top up buy..not completely impossible.
By PIE-EATER