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.

IC update

Some may worry that the booming London housing market is starting to slow, but Telford Homes (TEF) provides the ideal tonic in its interim figures. The east London builder has the kind of forward earnings visibility other house builders would love to replicate. Most homes due to complete during the years to March 2015 and 2016 have already been sold, with significant numbers reserved for the two years beyond. This translates into a forward order book of more than £550m, from a development pipeline worth more than £1.1bn.
Open market completions fell from 222 to 140 for the half, but this is simply a reflection of the timing of current developments; completions are expected to accelerate in the second half. Operating margins rose from 17.1 to 18 per cent, but it's worth noting that selling expenses - around 4 per cent of the revenue from a typical development - are written off as incurred, well before revenue generated from forward sales is crystallised. In fact, higher sales prices at Avant-garde, the group's joint venture development in east London, pushed margins there above 40 per cent. The target margin when appraising new opportunities remains at 24 per cent.
Analysts at Shore Capital are forecasting full-year pre-tax profits of £23m and EPS of 30.3p (from £19.2m and 25.8p in 2013-14) rising to 40p next year. IC View:
Telford's shares trade on a 2015 PE multiple of 12 times, falling to just 9 times in 2016 - which, given that sales for that year are virtually complete, looks achievable. We tipped Telford over four years ago (101p, 22 Apr 2010), but given the strong earnings visibility we stick by our advice. Buy.

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Cyners, BUY BUY BUY BUY BUY.

just been reading it ..... certainly one to put on the watch though i was amazed how few homes they build

Listen: Analyst interview - Telford Homes

Click here

Telford Homes (AIM: TEF), the London-focused residential property developer, is pleased to announce that the Company has signed a new £180 million corporate loan facility to support its stated growth plans.

This £180 million revolving credit facility, which extends to March 2019, is being provided by the Group's existing banking partners, HSBC, RBS and Santander, together with a new partner, Allied Irish Bank. This enlarged facility replaces the Group's existing £120 million loan facility and provides significantly increased working capital flexibility at a lower cost of debt.

Katie Rogers, Group Financial Director of Telford Homes Plc, said: "The Board is very pleased to announce today that the Group has successfully negotiated a new and improved £180 million corporate loan facility that not only offers increased flexibility on site purchases and development funding but, importantly, allows the Group to facilitate its growth plans over the next few years. This new facility clearly demonstrates our banks' continued confidence in Telford Homes as well as the overall strength of the London property market."

Telford Homes - New £180 million corporate loan facility

click here

I'm just wondering how much upside is left short term, ie leading up to the Election and the volatility in the Indices. Jim Slater tipped it last week and it took off. Not far from it's highs in 2007. Looks way overbought on the indicators and outside the upper Bollinger Band. Watching. Rarely short stocks but never say never.

Trading update 22nd April.

Still in two minds here, resistance 430p. If I turned the chart upside down I would be tempted to buy, so using the same logic today screaming sell? Reluctant to do anything in this market. Still watching :0)

Breakout intraday, let's see if it holds.

Noticed Naked Trader thinks this is a potential doubler given time and patience. No mention of him buying it mind.

StockMarketWire.com
Telford Homes (AIM: TEF), the London-focused residential property developer, has reported that for the year ended 31 March 2015 there has been consistently strong demand with contracts exchanged on 661 open market properties in the year, a significant increase on the prior year (2014: 515).

Operating profit margin expected to be higher than last year (2014: 17.1% before interest) and profit before tax for the year is anticipated to be above current market expectations.

Jon Di-Stefano, chief executive of Telford Homes, commented: "Telford Homes is operating in areas of London that benefit from a stable property market and yet still suffer from a shortage of supply. Demand for the Group's homes has remained very strong and I am pleased to report that the Board anticipates exceeding current market expectations for profits in the year to 31 March 2015.

"Given our substantial forward sold position and a development pipeline of over £1bn, the Group's earnings visibility is exceptionally strong. The Board expects significant growth in output and profits over the next few years and remains very confident in the long term prospects for Telford Homes."

A strong update and a positive outlook from this highly valued company, but the share price stood still!

New research note at http://tinyurl.com/nqqwcpu

Must admit it is tempting, more inclined to buy shares rather than spread bet. Capital Spreads don't cover it and ETX currently have a seven pip spread. 460p looks a possible target.

StockMarketWire.com
Telford Homes (AIM:TEF), the London focused residential property developer, has reported that for the year ended 31 March 2015 profit before tax was ahead of market expectations at £25.1m (2014: £19.2m), a tenfold increase in four years.

The company is focused on relatively affordable locations in London where demand from tenants, investors and owner-occupiers exceeds the supply of new homes.

A total of 661 open market properties were sold in the year (2014: 515) and another 105 since the beginning of last month.

Total forward sales now over £550m (31 March 2014: £341m), more than three times current annual revenue.

There is a development pipeline of £1.07bn of future revenue, an increase of more than 70% in two years.

The proposed final dividend is 6p making a total of 11.1p for the year (2014: 8.8p).

The company said that the outcome of the General Election has provided certainty and stability to the political environment and the housing market.

The Board expects significant growth in output and profits over the next few years and remains very confident in the long term prospects for Telford Homes.

Jon Di-Stefano, chief executive of Telford Homes, said: "I am delighted to report that Telford Homes has experienced another excellent year of trading."

Chris - this is one to sit on rather to try to trade as volumes are invariably thin .... it's a really good stock with land and projects in the right places (london and kent and similar), and makes a good balance with the likes of TW. or BVS or BDEV

imo, this morning's profit-taking made a nice opportunity to buy (more) .... so i did

CEO Jon Di-Stefano and CFO Katie Rogers discuss another excellent year of trading resulting in pretax profits of over GBP25m: click here