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.

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

Fantastic results. Year after year this company deliver the goods, and look as though they will continue the progress.

Placing to raise £20 million

Telford Homes Plc (AIM:TEF), the London focused residential property developer, today announces that it proposes to raise £20 million, before expenses, through a substantially oversubscribed conditional placing arranged by Shore Capital. The placing price of 250 pence per share represents a 0.8 per cent. discount to the middle market closing price of 252 pence per ordinary share on 11 June 2013.

their share placing is good news indeed. found a nice run down on london south east audio

Listen to Telford Homes

CLICK HERE

Still some mileage left in this one and one of the few house builders paying a divi.

Reminds me of Ski Sunday! :-)

Sold my last third today , TEF I salute you and will see you and all the housebuliders on your next crash.

Thanks.

And ps gf , the 5p spread at a quid was worth it :-)

LISTEN: Telford Homes (TEF) - Corporate Video

Click here

LISTEN: Jon Di-Stefano, CEO of Telford Homes, discusses the pleasing interim results

Click here to listen

Large profit taking recently, that was mainly due to the recent BOE policy and has had an effect on most of the house-builders and their shares have suffered.

this one is ripe to do a reverse now at this prices 327 to 328p

Shares are back to life for the last couple days, have been holding around suport 340 / 350p for a while

Most house builders are a best of the year and trading high, but not TEF yet