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Telford Homes - Forward sales up from £550m in March to £685m

November 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.

  • Epic Code:
  • TEF
  • Price:
  • 400p
Since our last update, Telford has announced the acquisition of four development sites, issued a statement confirming continued strong growth and also announced a placing to provide additional working capital.Firstly, the acquisition of the regeneration business United House Developments, a key competitor in London, for £23m cash adds four development opportunities in Telford’s core area of North and East London, which are at various states of planning. It gives it a strategic landbank stretching some 8 years. Overall, the acquisition expands the pipeline by a prospective £500m on top of Telford’s existing £1bn. Of the four projects, a key near term opportunity is City North, a joint venture development adjacent to Finsbury P ...

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