Updates

Telford Homes - Volumes and selling prices still rising

May 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.

Ahead of full year results on 27 May, Telford has said that these will be ahead of expectations. Contracts have been exchanged on 661 open market properties, up 28% on the prior year. Selling prices averaged £459,000 (versus £400,000), which is ahead of increases in material and labour costs and operating margins are expected to exceed last year’s 17.1%. The development pipeline remains at over £1 billion. The company said that demand for its properties in non prime inner London remains strong. Peel Hunt forecasts £25m pretax for 2015. This year’s forecast is £30.3m and Telford is already 93% forward sold. Tipped at 342p in October ‘14, the gain is already 28%. Strong hold / buy. ...

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Phoenix IT

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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)

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

Telford Homes - Second PRS deal signed (May 2016)

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