hangon
- 24 Apr 2008 18:05
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.
cynic
- 02 Dec 2016 05:59
- 230 of 260
i agree about TEF
also like BVS, TW. and from a slightly different angle, RMV
all the above are in my sipp
dreamcatcher
- 02 Dec 2016 06:53
- 231 of 260
:-))
dreamcatcher
- 02 Dec 2016 15:01
- 232 of 260
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
dreamcatcher
- 02 Dec 2016 15:12
- 233 of 260
dreamcatcher
- 08 Dec 2016 15:05
- 234 of 260
Good write up in Shares today.
dreamcatcher
- 08 Dec 2016 15:36
- 235 of 260
Ex dividend today. Interim payed 9/1/17 - 7.20p
jimmy b
- 08 Dec 2016 17:00
- 236 of 260
Yes DC all these Divi's i'll be buying a super yacht soon.
dreamcatcher
- 08 Dec 2016 17:07
- 237 of 260
dreamcatcher
- 08 Dec 2016 17:12
- 239 of 260
In your dreams. lol
dreamcatcher
- 15 Dec 2016 17:09
- 240 of 260
dreamcatcher
- 19 Dec 2016 15:35
- 241 of 260
ST of IC today -So, having initiated coverage on the shares at 289p ('London property trading play', 22 Aug 2016), and reiterated that advice at 284p in the autumn (‘Value plays’, 18 Oct 2016), I feel that there is material short-term upside at the current price of 319p. In fact, a return to the pre-Brexit summer highs around 381p is a definite possibility in my view, so much so that I have edged up my price target from 370p to 380p to coincide with the pre-Brexit summer highs at the start of June. Strong buy.
dreamcatcher
- 21 Dec 2016 07:06
- 242 of 260
Third Build to Rent sale for �48.6 million
RNS
RNS Number : 4184S
Telford Homes PLC
21 December 2016
21 December 2016
Telford Homes Plc
('Telford Homes' or the 'Group')
Third Build to Rent sale for £48.6 million
Telford Homes Plc (AIM: TEF), the residential property developer focused on non-prime London, is pleased to announce that it has exchanged contracts for the sale of The Forge, Redclyffe Road, E6, to M&G Real Estate. This is the Group's second transaction with M&G following the sale of Carmen Street, E14 in May 2016. M&G Real Estate is one of the UK's largest property investors and the real estate fund management arm of M&G Investments, a leading international asset manager controlling assets in excess of £255 billion.
The Forge is the Group's third significant build to rent development to date and the sale comprises the freehold interest in the land and the construction of 125 open market homes for net consideration of £48.6 million. The sale to M&G is on a forward funded basis and will comprise an initial land payment followed by regular payments throughout the construction period and therefore will not require debt finance with only limited equity to be invested by the Group.
The Forge has full planning permission for 192 new homes including 67 affordable homes which have been sold to a housing association in a separate transaction. The development is currently under construction and is anticipated to be completed in 2019.
Telford Homes continues to explore further build to rent opportunities including the potential for longer term partnerships with key investors to enable further sales within a relatively fixed framework and to work together on future site acquisitions.
Alex Greaves, Head of Residential Investment at M&G Real Estate, commented: "We are thrilled to announce the next transaction with Telford Homes on 'The Forge' after completing the successful acquisition of Carmen Street earlier this year and look forward to exploring a more formal partnership in 2017.
"This deal further demonstrates our ability to deploy capital and our continued commitment to increase the supply of high quality, sustainable rental communities to London's housing market. Our residential strategy provides a route to delivering much needed housing stock at a much quicker rate and, in time, thousands of well-managed rental properties.
"We have now invested in over 2000 homes on behalf of UK and international institutional investors, including pension funds, insurance companies and local authorities. We will continue to add scale and efficiency to our portfolio, and providing our investors with long-term income growth."
Jon Di-Stefano, Chief Executive of Telford Homes, commented: "Build to rent is now a significant focus for Telford Homes with these transactions providing certainty over future revenues and cash flows, needing no debt finance and delivering strong returns on capital. We are a valuable partner for large scale investors given that we have the skills required to find land, achieve planning consents and manage and control all construction work.
"The sale of The Forge cements the strong relationship that we have formed with M&G Real Estate and we are delighted to be working with them again following the successful sale of Carmen Street earlier this year. Now that we are developing two schemes together I look forward to working closely with Alex Greaves and the M&G team and exploring ways of extending our partnership as we move into 2017."
- Ends -
mentor
- 21 Dec 2016 13:05
- 243 of 260
Director Deals - Telford Homes PLC (TEF)
James Furlong, Executive Director, sold 57,582 shares in the company on the 21st December 2016 at a price of 312.00p. The Director now holds 1,214,371 shares.
mentor
- 09 Jan 2017 09:31
- 244 of 260
The TMES - TEMPUS - January 7 2017,
The roof is not about to fall in / martin waller
By the end of the week we will have a good idea of the state of the housebuilding market. The indications are that it is pretty robust.
On Wednesday Taylor Wimpey will give its assessment of its performance last year and the prospects for this, to be followed the next day by Barratt Developments. They are, by turnover, Britain’s biggest players in the sector. This week the third on the list, Persimmon, gave its own trading update.
Last month the smaller Bovis shocked the market with what some took as a profit warning, saying that the sale of about 180 homes, expected to be completed in December, was set to slip into 2017. Bovis shares tanked; the update coincided with some apparently weak mortgage lending…
mentor
- 09 Jan 2017 09:59
- 245 of 260
Peel have bumped down TEF price target from 485p to 465!!
jimmy b
- 01 Feb 2017 09:49
- 246 of 260
Telford Homes acquires London property
StockMarketWire.com
Telford Homes has exchanged contracts for the purchase of a significant development site, the former London Electricity Board Building on Cambridge Heath Road, London, for £30.2m.
The 0.94 acre site is located in the heart of Bethnal Green. Serviced by excellent transport links including Bethnal Green Underground station (100m away) and the nearby Whitechapel Crossrail station (operational in 2018), the area has become a highly desirable location to live and work.
Telford said the proposed re-development would deliver much needed new open market and affordable homes along with an element of commercial space.
The expected gross development value of the scheme was about £95m and, subject to planning consent, the group expected to commence work on site in 2018 with completion anticipated in 2021.
cynic
- 01 Feb 2017 11:29
- 247 of 260
i remain a fan of this company even though my holding is out of the money
dreamcatcher
- 01 Feb 2017 11:39
- 248 of 260
Trying to scratch some funds together to get back in. Good dividend as well.