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.

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

This is one of Jim Slater's favourite shares.
One to hold, I think.
I

From the Evening Standard

Telford Homes boss calls for post-election planning freedom
Towering success: the homebuilder has sold two thirds of Manhattan Plaza

The boss of east London homebuilder Telford Homes has called on the Government to “release the shackles” on planning to tackle the capital’s acute shortage of homes.

Telford, which aims at the more-affordable end of the London market, saw pre-tax profits surge 31% to £25.1 million in the year to March. Demand for its homes is such that forward sales have hit £550 million.

Even in the uncertainty of a general election campaign, Telford sold two thirds of its new Manhattan Plaza scheme, minutes from Canary Wharf’s proposed Crossrail station.

Chinese and Hong Kong investors snapped up most of the flats at the scheme, where prices for one-bedroom flats start at £420,000.

“We did take a little bit of a risk launching in April, because we thought people might wait but they didn’t,” said chief executive Jon Di-Stefano.

The main concern for Telford now, armed with £180 million in new financing, is speeding up the planning system to add to its £1 billion development pipeline.

David Cameron
Focus: Telford wants David Cameron's new government to improve the planning system

Di-Stefano said: “We want to increase our output. We’ve got the financial capacity to increase output so we don’t benefit from things being slowed up. If we can release the shackles a little bit, we can deliver more.

“We’ve definitely got the demand. You can see that with every single launch you have. We’re selling quicker than we can build homes. So what you definitely need to do is concentrate on the supply side of things.

“We still find that the biggest impediment to getting things done is the planning process. While we don’t expect a complete overhaul, small changes would make a big difference.”

Shore Capital’s Robin Hardy said: “The London market remains more undersupplied than the UK new homes market generally, with unstoppable population growth driving owner and tenant demand. Recent development launches by Telford strongly underscore this view.”

Valuation
price 475p
A bit expensive on a Historic PE of 14.3, though is a high growth company, on a tax charge of 20%
NAV of 200p and deb to 43.9% from 0 and to increase further

Questor/Telegraph on TEF

i remain surprised by the apparent lack of interest you guys have in this excellent little housebuilder ..... and the same could be same about MBH who supply the bricks

Telford Homes featured in our weekly round-up of announcements from AIM.

More at http://www.investorschampion.com/blog/