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.

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

Telford Homes - Popular Business Park that is only 800 meters from Canary Wharf

click here]

Watch Jon Di-Stefano, CEO, Telford Homes talk to BRR Media at the company's Stratosphere launch event

Click here

Listen: Jon Di-Stefano, Chief Executive, Telford Homes discussing the trading update

Click here

Telford Homes reports strong demand

Telford Homes said continues to see strong demand for its homes in London and between contracts exchanged and properties sold, subject to contract, it has already sold more than 500 open market homes since 1 April 2014.

This compares favourably with the 515 contracts exchanged in the year to 31 March 2014.

Highlights for the six months to Sept. 30.:

Tremendous success at the October launch of Stratosphere, E15 with over 200 sales already achieved, a record number for a single site launch for Telford Homes

£16.3 million contract signed with Workspace to redevelop the first phase of Poplar Business Park with a gross development value ("GDV") in excess of £75 million

Development pipeline now over £1 billion of future revenue for the first time in the Group's history

Group well on track to deliver on growth and profit expectations for the next four years

Interim Results

Highlights

· Continuing sales success across all developments with contracts agreed for the sale of more than 600 open market homes since 1 April 2014 (year to 31 March 2014: 515)
· Over 270 of the 307 open market apartments at Stratosphere, E15 sold in the last few weeks
· Future revenue secured through open market and affordable forward sales exceeds £550 million
· Substantial land acquisitions have increased the Group's development pipeline to more than £1.1 billion of future revenue
· Major joint venture formed with Notting Hill Housing Group to develop a site in Stratford for more than 400 homes
· Strong margins maintained despite increasing costs
· Profit before tax increased to £9.4 million (H1 2013: £7.7 million)
· Dividend increased to 5.1 pence per share (H1 2013: 3.7 pence)
· Board very confident of meeting market expectations for the year to 31 March 2015

Fantastic results......

Trading update


Interim results for the six months ended 30 September 2014

Telford Homes Plc (AIM:TEF), the London focused residential property developer, today announces its interim results for the six months ended 30 September 2014.


Highlights


Continuing sales success across all developments with contracts agreed for the sale of more than 600 open market homes since 1 April 2014 (year to 31 March 2014: 515)
·
Over 270 of the 307 open market apartments at Stratosphere, E15 sold in the last few weeks
·
Future revenue secured through open market and affordable forward sales exceeds £550 million
·
Substantial land acquisitions have increased the Group's development pipeline to more than £1.1 billion of future revenue
·
Major joint venture formed with Notting Hill Housing Group to develop a site in Stratford for more than 400 homes
·
Strong margins maintained despite increasing costs
·
Profit before tax increased to £9.4 million (H1 2013: £7.7 million)
·
Dividend increased to 5.1 pence per share (H1 2013: 3.7 pence)
·
Board very confident of meeting market expectations for the year to 31 March 2015

Outlook

London is a fantastic place to be building new homes. The Group is developing in locations where people want to live and can afford to live, in an environment of chronic undersupply, and this is being clearly demonstrated by the success of every sales launch. Telford Homes is in the incredible position of having over £550 million of future revenue forward sold. This includes most of the homes due to complete in the years to 31 March 2015 and 31 March 2016 and many more in the following two years.

The Group has an unprecedented development pipeline and has the opportunity to achieve and then sustain the ambitious targets for growth set by the Board over the next four years and beyond. The Board remains very confident of a bright and exciting future for Telford Homes.