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.

TEF TELFORD HOMES

The companys concensous EPS forecast figure
for the full year P/E for 2013
is a meagre 14.6 and 9.6 2014,compared to the
historical figure of 37.8 for 2012.(actual)

Id say theirs plenty of upside to come from
this stock, plenty and plenty of upside especially
given the SOLD figures booked already.

Telford Homes PLC

INVESTMENT RATIOS
2012 (A) 2013 (E) 2014 (E)

EBITDA £4.93m £m £m
EBIT £4.74m £m £m
Dividend Yield 1.59% 2.31% 3.47%
Dividend Cover 1.66x 2.95x 2.98x
PER 37.82x 14.66x 9.66x
PEG 1.31f 0.09f 0.19f
Net Asset Value PS 125.44p p p


Hemscott Premium.

TEF TELFORD HOMES

Just about breaking out into a
52 week high.

Fingers crossed tomorrow this will
be confirmed on results day.

TEF TELFORD HOMES

Just about breaking out into a
52 week high.

Fingers crossed tomorrow this will
be confirmed on results day.

Hoping for a biggy here today and why not. Historical P/E 38 plus forward P/e just 14 and 9 plus, derd cheap and main seas0n for housing market coming up now.

Superb Results better than
expectations which were already very high.

Telford Homes PLC
Interim Results
RNS Number : 1421S
Telford Homes PLC
28 November 2012



Press Release 28 November 2012





Telford Homes Plc



('Telford Homes' or the 'Group')



Interim results for the six months ended 30 September 2012



Telford Homes Plc (AIM:TEF), the London focused residential property developer, today announces its interim results for the six months ended 30 September 2012.



Highlights

·
Revenue increased significantly to £78.3 million (H1 2011: £58.6 million), including 252 open market completions (H1 2011: 125)

·
Considerable improvement in margins with gross margin before interest of 23.8% and operating margin before interest of 11.4% (year ended 31 March 2012: 17.6% and 6.2% respectively)

·
Profit before tax more than quadrupled to £6.5 million (H1 2011: £1.5 million)

·
The Group has sold over 90% of the target open market completions for the year to 31 March 2013 and over 60% for the following year

·
Strong demand from both owner-occupiers and investors in the inner London locations that are now the core of the Group's land buying strategy

·
Reduction in net debt to £31.7 million (31 March 2012: £54.6 million) and gearing to 45.7% (31 March 2012: 82.4%) with both expected to increase again over the next 12 months as sites are acquired and developed

·
Corporate loan facility increased to £90 million during the period

·
The Board is confident that profits for the year to 31 March 2013 will be in line with market expectations and anticipates significant growth in the following year




Jon Di-Stefano, Chief Executive of Telford Homes, commented: "I am very pleased to be able to report a quadrupling of profits in the first half of the year and a five percentage point increase in our operating margin. We are achieving a strong rate of sales to both investors and owner-occupiers with the Group now over 90 per cent sold for this financial year and already over 60 per cent sold for the following year. Our development pipeline represents five years of gross profit based on the current year and, with the London market remaining buoyant, the Board expects Telford Homes to continue to grow over the coming years."



- Ends -

http://www.investegate.co.uk/telford-homes-plc-(tef)/rns/interim-results/201211280700081421S/

Jon Di-Stefano, Chief Executive of Telford Homes, commented: "I am very pleased to be able to report a quadrupling of profits in the first half of the year and a five percentage point increase in our operating margin. We are achieving a strong rate of sales to both investors and owner-occupiers with the Group now over 90 per cent sold for this financial year and already over 60 per cent sold for the following year. Our development pipeline represents five years of gross profit based on the current year and, with the London market remaining buoyant, the Board expects Telford Homes to continue to grow over the coming years."

Dividend

The Board is pleased to declare an increase in the interim dividend to 2.0 pence per share (H1 2011: 1.5 pence). The interim dividend, together with the full year dividend payable in July 2013, is expected to be consistent with the Board's stated intention of paying around a third of earnings in dividends each year.

Outlook

London has a strong international reputation and is widely regarded as a safe haven for investment of all kinds. The housing market in London has remained buoyant and the Group's area of operation fits with some of the locations that are in most demand. In addition, a persistent shortage of supply of new homes underpins this demand from both tenants and owner-occupiers.



Along with being over 90 per cent sold against expectations for the year to 31 March 2013 the Group has exchanged contracts for the sale of more than 450 open market properties that will complete in the following three financial years. Profit before tax in the first six months of the year has increased more than fourfold and the operating margin has improved by over five percentage points against the last full year results. The Board is confident that profits for the year to 31 March 2013 will be in line with market expectations and anticipates significant growth beyond this given sales already secured and the Group's substantial development pipeline.





Jon Di-Stefano

Chief Executive

Up 3% plus at the open.

Up, 7% now.

Thier we go breakout and new 52 week high.

MMs brought the spread in wont last
for long.

Get in quick.

Going nicely expect broker upgrades.

Wheres Dill hes normally orgasiming at any development here. ?

TEF TELFORD HOMES

Just bought a load more.

Well on a CFD.

Im expecting a bid here.

This company is quality.

TEF TELFORD HOMES

http://www.stockmarketwire.com/article/4492825/The-first-half-year-pretax-profit-quadruples-at-Telford-Homes.html

The first half-year pretax profit quadruples at Telford Homes
28 November 2012 | 07:07am
StockMarketWire.com - London-focused housebuilder Telford Homes said today that revenue increased significantly to £78.3m in the first half-year to end-September (H1 2011: £58.6m), including 252 open market completions (H1 2011: 125).

There was considerable improvement in margins with gross margin before interest of 23.8% and operating margin before interest of 11.4% (year ended 31st March 2012: 17.6% and 6.2% respectively).

Profit before tax more than quadrupled to £6.5m (H1 2011: £1.5m).

The Group has sold over 90% of the target open market completions for the year to 31st March 2013 and over 60% for the following year.

Telford reports strong demand from both owner-occupiers and investors in the inner London locations that are now the core of the Group's land buying strategy.

There was a reduction in net debt to £31.7m (31st March 2012: £54.6m) and gearing to 45.7%, with both expected to increase again over the next 12 months as sites are acquired and developed.

Corporate loan facility increased to £90m during the period.

Telford said it is confident that profits for the year will be in line with market expectations and anticipates significant growth in the following year.

Jon Di-Stefano, CEO, commented: "I am very pleased to be able to report a quadrupling of profits in the first half of the year and a five percentage point increase in our operating margin. We are achieving a strong rate of sales to both investors and owner-occupiers with the Group now over 90 per cent sold for this financial year and already over 60 per cent sold for the following year. Our development pipeline represents five years of gross profit based on the current year and, with the London market remaining buoyant, the Board expects Telford Homes to continue to grow over the coming years."



Story provided by StockMarketWire.com

Jon Di-Stefano, Chief Executive talks through his interim results presentation. Jon talks through the increase in revenue & margins, profit before tax quadrupled and the substantial development pipeline.

Click the link below to watch;
http://www.brrmedia.co.uk/event/106895/jon-di-stefano-chief-executive

Wow nice chart , wish I'd bought some at 105p :-)

goldfinger - 28 Nov 2012 08:32 - 30 of 34

Wheres Dill hes normally orgasiming at any development here. ?




I hate rampers gf and therefore tend to keep my thoughts to myself these days :-)

Trading Update

Highlights


● Exceptional levels of demand with contracts exchanged for the sale of 803 open market properties in the year to 31 March 2013 (2012: 460)

● Strong demand from overseas investors for London property; however over 60 per cent of the exchanges in the year were sold to UK buyers

● Already 94 per cent pre-sold for the year to 31 March 2014 and over 50 per cent pre-sold for each of the two following years

● Significant improvement in both gross and operating margins

● Profit before tax for the year to 31 March 2013 will be ahead of market expectations

● Net debt reduced significantly to under £35 million (2012: £54.6 million)

● Credit committee approval for corporate loan facility increase to £120 million and extension by two years to 30 September 2016, to enable the Group to further enhance the development pipeline

Preliminary Results

Highlights

· Exceptional demand with contracts exchanged for the sale of 803 open market properties in the year, a 75 per cent increase (2012: 460)

· Pre-sold position at 99 per cent of expected open market completions for the year to March 2014 and over 50 per cent for each of the following two years

· All sales to date have been achieved without any assistance from government backed mortgage schemes including 'NewBuy' and 'Help to Buy'

· Significant improvement in gross margin before interest, increased by 6.7 percentage points to 24.3 per cent (2012: 17.6 per cent)

· Operating margin before interest up to 9.7 per cent (2012: 6.2 per cent) tempered only by accelerated selling expenses as a result of sales success

· Profit before tax trebled to £9.0 million (2012: £3.0 million)

· Total dividend of 4.8 pence (2012: 3.0 pence)

· Development pipeline increased to 2,260 properties expected to deliver revenue in excess of £650 million (2012: 1,969 properties)

· Bank facility recently increased to £120 million and extended to September 2016

· Capacity to acquire more land in inner London and Group is now a member of the GLA's London Development Panel

· Board expects another substantial increase in pre-tax profits for the year to 31 March 2014