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.

Interim Results
RNS
RNS Number : 4789Q
Telford Homes PLC
30 November 2016
 
 
 
Press Release
30 November 2016
 
 
 
Telford Homes Plc
 
("Telford Homes" or the "Group")
 
Interim Results
 
Telford Homes Plc (AIM:TEF), the residential property developer focused on non-prime London, today announces its interim results for the six months ended 30 September 2016 ("H1 2017").
 
Highlights
·  
Strong forward sold position exceeding £700 million of revenue to be recognised from the year to 31 March 2017 onwards (1 April 2016: £579 million)
·  
Long term imbalance between the supply of homes and demand for somewhere to live in non-prime areas of London
·  
Successful off-plan launch of City North, Finsbury Park in November 2016 selling 72 homes over three weekends for a combined value in excess of £43 million
·  
Increased opportunities in the 'build to rent' sector earning higher capital returns
·  
No changes to the Group's growth targets, profit forecasts or anticipated dividend payments as a result of the EU referendum
·  
With revenues weighted to the second half the Board is confident of meeting market expectations for pre-tax profits in the year to 31 March 2017
·  
Increased interim dividend to 7.2 pence (H1 2016: 6.5 pence) to reflect this confidence
·  
Substantial development pipeline of over £1.4 billion of future revenue
·  
Cautious approach to land investment in the last few months but a significant joint venture site in East London now being progressed and many more opportunities being appraised
·  
Gearing still historically low at 17.3 per cent (31 March 2016: 9.2 per cent)
·  
Well positioned to deliver on targets to exceed £50 million of annual pre-tax profit by 31 March 2019 and double the size of the business over the next five years
 
 
Jon Di-Stefano, Chief Executive of Telford Homes, commented:  "Telford Homes is in a very strong position with over £700 million of forward sales secured and a substantial development pipeline.  The recent launch of City North in Finsbury Park exceeded our expectations achieving over 70 sales at higher than anticipated prices and proving that the right product in the right location remains attractive to buyers."
 
"The Group is extending its involvement in the build to rent sector and expects an increasing number of opportunities to secure revenues and earn higher capital returns through forward funding arrangements with institutional investors.  Overall we are well positioned to deliver on our targets of achieving more than £50 million of annual pre-tax profit by 31 March 2019 and doubling the size of the business over the next five years."
 
- Ends -
 

30 Nov
Peel Hunt
485.00
Buy

Surprised this hasn't gone up in line with the other builders. Still good Divi .

Good to hold for the future jimmy.

My comment last month came to be true already at the interim stage

Profits, EPS and margins all lower, after the last capital raising and management is trying to avoid to mention on a clear way .............

Pretax
2016 - £9.0 million compared to
2015 - £21.0

Earnings per share: Basic
2016 - 9.9p
2015 - 28.0p

mentor - 14 Oct 2016 13:47 - 210 of 224 edit this post

Will you be surprise if I say EPS ( earnings per share will be down this YEAR 2016)
Most of the peers have increased profits by 20 and 30%, so no wonder of the underperformance of the stock........

Well Profit will be up 3% Fcast
but consider that the number of shares will be up by 13.29%

That is the reason for lower EPS on the next results

Forecast for Year 2016
adjusted pre-tax profit up from 32,2 million to £33 million.

No of shares
2015 - 66,07M
2016 - 74,85M ( after a 13,88M placing ) some added on the 2015 results (5,7M )

AGM Statement
Thu, 1st Dec 2016 07:00

RNS Number : 6282Q
Inland Homes PLC
01 December 2016
 
 
1 December 2016
Inland Homes PLC
 
('Inland Homes', 'Inland', the 'Company' or the 'Group')
 
AGM Statement
 
Inland Homes (AIM: INL), the specialist housebuilder and brownfield land developer, provides the following statement ahead of its Annual General Meeting to be held today, 1 December 2016 at 11.00am.
The Group's housebuilding programme is gaining significant momentum with a record 394 homes currently under construction across 12 sites. 54 Homes have been reserved since the start of the new financial year, which is an average of 2.5 units per week. Of particular note recently was the off-plan launch of 54 units at Meridian, Southampton where 12 units have been reserved in the first eight weeks. This scheme has consent for 351 homes to be constructed in four phases.
Adding to this, Inland Homes is pleased to announce today the receipt of planning consent for 239 units at our site, Lily's Walk in High Wycombe which is in our joint venture with CPC Group Limited.  Lily's Walk is a prime 3.5 acre site in the centre of High Wycombe, located directly opposite the Eden Shopping Centre.  
 
Since 1 July 2016, the Group has received planning consents or resolutions to grant planning consents on 373 plots and 19,000 square feet of commercial space.  We have planning applications awaiting determination for 1,746 residential units, with applications for, approximately, a further 470 residential units to be submitted very shortly.
The land bank currently stands at 7,220 plots, of which 1,415 have a planning consent or a resolution to grant planning consent. There are pre-application discussions regarding a further 1,802 plots ongoing.
As reported in the annual accounts for the year ended 30 June 2016, the timing of the construction of our sites, together with planned land sales is such that a major part of our profitability in the current financial year will be realised in the second half. The previously reported setback that was caused by the financial failure of a contractor, which resulted in the slight delay of 23 legal completions, is now virtually behind us and the momentum is gathering with a growing number of sites being constructed by our in-house build team. 
Stephen Wicks, Chief Executive at Inland Homes, commented:
"Following on from the robust set of results we announced in October, which reflected a year of significant operational and strategic progress, we are pleased to report that the momentum is continuing to escalate behind our building programme, with a record number of homes for the business under construction, underpinning the Company's growth strategy.
"The investment we have made in developing our in-house construction capability to self-deliver our homes is already producing tangible benefits and it's an area of the business that we are continuing to focus on to further increase levels of certainty on delivery, whilst reducing costs. Moreover, we are working on a number of initiatives through which we hope to be able to offer even lower cost housing in the South East, where price remains a barrier to many people owning their own home.    We look forward to providing some more detail on this is in the New Year."
               
ENDS

A buy from IC today - Shore Capital forecasts pre-tax profits of £33.2m and EPS of 35.6p for the year to March 2017 (from £32.2m and 39.1p in FY2016).

Hi dreamcatcher.
We seem to have an interest in similar stocks. Just returned from agm of Inland Homes and the Body language of the Directors said it all not to mention the facts they put out in the presentation. So have just sold all my holdings in Telford (at a small loss) and put the whole lot into Inland at 0.59. I have divi to come in Jan.
I am looking for them to go back to 0.80 in a much shorter time than Telford will get to £4.
Time will tell.

Hi Colin,
Good luck I hope Inland performs well for you. I like the management of Telford homes and their goals for the future. Not in a rush. There may be an initial drop of perhaps most builders when we brexit. So there could be good buying opportunities for builders. Will watch Inland homes with interest and may pick up a few as well. Good luck.

i agree about TEF
also like BVS, TW. and from a slightly different angle, RMV

all the above are in my sipp

:-))

13:50 02/12/2016
Broker Forecast - Canaccord Genuity issues a broker note on Telford Homes PLC
Canaccord Genuity today upgrades its investment rating on Telford Homes PLC (LON:TEF) to buy (from hold) and raised its price target to 360p (from 330p). Story provided by StockMarketWire.com

Good write up in Shares today.

Ex dividend today. Interim payed 9/1/17 - 7.20p

Yes DC all these Divi's i'll be buying a super yacht soon.

I was thinking more

In your dreams. lol

Holding(s)company above 5%