Updates

Telford Homes

January 2018

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.

According to Jon Di-Stefano, chief executive of Telford, the reason Telford shares remain underrated boils down to general caution over housebuilders operating in prime central London, even though Telford’s developments are in inner/East London and its average sale price is <£600k. Open market prices are actually trending up in low single digits in its localities and whilst the punitive tax and stamp duty measures introduced by the Chancellor have deterred the UK private investor, demand from overseas investors is high due to a beneficial exchange rate.He also reiterates that he has derisked the business in the past 18 months with four Private Rented Sector (PRS) deals, a mechanism where a fund buys a whole scheme. W ...

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Patisserie Holdings - Cash expected to build to £56m in 2 years

GB Group

Telford Homes - 350p cash bid from CBRE (August 2019)

Telford Homes (March 2019)

Telford Homes - Eps forecast for current year is 55.7p (May 2018)

Telford Homes (May 2017)

Telford Homes - Reservations remain strong (November 2016)

Telford Homes - Well on track for £50m pretax profit/eps 53p by 2019 (July 2016)

Telford Homes - Second PRS deal signed (May 2016)

Telford Homes - Signs first PRS deal (March 2016)

Telford Homes - Forward sales up from £550m in March to £685m (November 2015)

Telford Homes - Budget improves planning scope (August 2015)

Telford Homes - Planning delay to impact FY17 (June 2015)

Telford Homes - Volumes and selling prices still rising (May 2015)

Telford Homes - High confidence in the year ahead (January 2015)

Telford Homes - £120m cumulative profit to come over four years (October 2014)

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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