Updates

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

July 2016

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.

Full year results were as good as expected with strong sales from each of Telford’s developments in inner/East London where it focuses on sub-£600k price points. Overall including affordable housing, open market completions (including joint ventures) increased by 29% from 374 to 482 units giving rise to revenue up 42% at £245.6m and profits up 28% to £32.2m. Boosted by the £50m equity placing last year, net debt at the year-end was £17m (gearing 9%) down from £53m.Average selling prices were reduced slightly to £417,000 (2015: £439,000) due to the mix of developments (eg. the prior year included a Bishopsgate development) and not a fall in underlying prices. Gross margins also reduced to a more normalised level of 26.5% (above the ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Photo-Me - Japanese programme to restart within 8 months

Servelec - Unexpected contract delays

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 (January 2018)

Telford Homes (May 2017)

Telford Homes - Reservations remain strong (November 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X