Updates

Telford Homes - Eps forecast for current year is 55.7p

May 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.

Ahead of full year results on 30 May, Telford has pre-announced it expects pretax profit to be up over 30% at around £45m for eps of 48.2p.The ongoing shortage of reasonably priced accommodation (generally < £600k each), coupled with “robust” demand from overseas/UK Buy To Let investors, owner-occupiers & housing associations, was nicely demonstrated by one of its latest developments, Garden Quarter in Stratford (Phase 2 involving 183 units), which was launched in January and over 100 reservations were secured in 3 weeks.CEO John di-Stefano reiterated that the company is also switching its focus from building for sale to building homes for rent. Industry wide Build to Rent schemes at ...

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

Subscribe now

Already a subscriber? Login

DiscoverIE

D4T4

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

Telford Homes (March 2019)

Telford Homes (January 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.

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