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Telford Homes - Reservations remain strong

November 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.

  • Epic Code:
  • TEF
  • Price:
  • 295p
Ahead of interims on 30 November, Telford reassured the market by saying it continues to have a positive view of prospects for property in the non prime parts of London where it operates and it isn’t revising downwards its expectations following the EU vote. In fact, since the start of September, there have been greater levels of interest and more visitors to the central sales centre resulting in higher reservations.Telford started the current financial year with a forward sold position of over £650m and has secured 95% of open market completions expected for the year to end March.As always, Telford recognises profits on handing over the keys and there were far fewer developments completed in H1 17 than H1 16. Thi ...

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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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