Updates

Telford Homes - Budget improves planning scope

August 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in all the housebuilders came off following the Budget which announced planned reductions in the tax relief available to landlords. Some investors worried that this might reduce demand from new investors or that existing investors would put properties on the market, which would have a dampening effect on prices. But Telford’s AGM this month said there is no sign of this and Telford has continued to see "very strong demand” both from investors and owner occupiers across its developments. It said it has secured 218 open market sales since 1 April and the total value of all forward sales secured and due for completion in the year to 31 March 2016 onwards is now £620m. This is three and a half times the revenue ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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