I don't think their name "Telford" indicates where they operate - East London according to Shares.

The current sp 1.50 is more-or-less the price prior to the Olympic Bid, which probably gave the sp a boost, withouit looking to far to the cost involved.

It's been all downhill for the last 12-months - Oooo deary.
The yield isn't good, despite the fall.

Another good day for TEF.

another good day once it kept going allway takes a bit of time at the start of the day

351.00p Change: +7.25 (+2.11%)

always happy to see a positive day here, but volume is pathetic = <100k

and yet a higher UT 353p

16:35:22
353.00p
9,105

Telford Homes has exchanged contracts for the sale of its Carmen Street, London, property to M&G Real Estate for net consideration of GBP63.2 million.

http://www.moneyam.com/action/news/showArticle?id=5350670

Doing well again today.

FEVR aren't too shabby either :-)

I have both

Great results this morning plus increased Divi is why this has not fallen as much as other house builders

http://www.moneyam.com/action/news/showArticle?id=5366255

Not a fan of tower blocks. Spent most of the 70,s and 80's gettıng rid of them only to go back to ıt.

yup - only down 15%!!

Odd that no-one thinks it was Director-Selling what done it?

Surely the "New Government" will have to get to grips with housing - OK that may mean building "Affordable Homes"
+((er, what does that mean....something under 10x Average wage for the Region? - that's £250k! )).
Cheaper homes coming on the Market could reduce the best-price Telford may achieve, but if "Planning" is relaxed - they can build more....

If immigration is eventually brought under control, the theory is that there will be over supply in the market. It will obviously take a while but the house builders have immediately been hit on that assumption, I think. Also, there is possibly going to be a move of foreign residents (pricipally in London) to other centres when some companies decide to relocate to Euro friendly cities.

thanks harry ....... an awful lot of unknowns still to be discovered

Only house builder up today.

StockMarketWire.com
Telford Homes said despite the non-binding outcome of the referendum it firmly believes in the longer-term merits of building homes in London.

"There remains a chronic shortage of supply and that will not change as a result of (the UK) leaving the EU," the company said.

"The Board also believes that London will not lose its attraction both as an international centre of finance or as a place where people want to live and work."

Telford Homes has a strong development pipeline and is in a robust financial position with cash resources available for future investment.

"As a result, the group will be able to take advantage of any opportunities created by current conditions balancing short term caution with continuing to plan for the longer term growth of the business."

In recent months Telford Homes has continued to build a substantial forward sold position, including £130 million from two Private Rented Sector (PRS) contracts, and successfully raised £50 million of new equity.

As a result the Group could not be in a stronger financial position to manage the impact of market uncertainty following the outcome of the EU referendum.

Total forward sales now exceed £640 million and, as reported on 1 June 2016 in the Final Results, the Group has already secured over 50 per cent of the cumulative revenue expected in the three financial years up to 31 March 2019.

This forward sold position has been boosted by the PRS sales of The Pavilions, N1, sold to a subsidiary of L&Q in February 2016 and Carmen Street, E14, sold to M&G Real Estate in May 2016.

As a result of these sales the £50 million placing funds raised in 2015 are largely uncommitted and in addition the Group has significant headroom in its secured £180 million revolving credit facility extending into 2019.

Non-binding outcome - entering the field of politics are we now Telford

The rest of the world's accepted the outcome - which includes that EU muppet Junker as well - get over it

technically they are correct, but practice (reality) is otherwise

There was no need to use the words 'non-binding'

Clearly it's a case of getting their excuses in early should results disappoint - cue 'it was because of Brexit'

Recent results were excellent with an increased divi .

Do not forget market is always looking ahead and 6 month better than 3........

MAIN NEWS OF THE DAY
House prices fell by 0.9% in June following Brexit, which was a bigger decline than expected.
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% rise compare - BDEV, CRST, RDW, TW.

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