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EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United Watch Here

EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United
UPDATE: #COPL set timeline for Q2/Q3 Nigeria drilling programme


Telford Homes Share Chat (TEF)



Share Price: 347.50Bid: 345.00Ask: 347.50Change: 7.00 (+2.06%)Riser - Telford Homes
Spread: 2.50Spread as %: 0.72%Open: 348.00High: 348.00Low: 340.00Yesterday’s Close: 340.50


Share Discussion for Telford Homes


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cyberduck
Posts: 934
Opinion:No Opinion
Price:347.50
RE: JDS interview
Today 13:36
Thanks James,

They have typically been pretty careful to point out the conditional nature of that agreement. Something they don't say this time which you'd think the lawyers would have spotted.

"and of course we're already in an agreement to build them nearly 900 homes"

Hopefully there will be an announcement soon which will clear things up.
 
james188
Posts: 69
Opinion:No Opinion
Price:345.00
RE: JDS interview
Today 12:30
Cybs,

I think that JDS was simply referring to the pre-construction agreement with Greystar that was announced back in 2017. I agree with you that a further RNS can be expected once a full unconditional construction contract is entered into and I think that was promised in the original RNS. Hopefully we will hear something soon.
cyberduck
Posts: 934
Opinion:No Opinion
Price:345.00
RE: JDS interview
Today 10:49
James, what did you make of the reference to the 9 Elms deal?

Are they really not going to issue an RNS making a big deal about their biggest ever BTR deal worth surely £20M+ a year to them?

Your thoughts appreciated.
cyberduck
Posts: 934
Opinion:No Opinion
Price:348.00
Share Trading
Today 09:13
Just 1324 shares traded in the first hour (it was 324 until 08:55!).

TEF's RNS has hardly set the investor world alight.
sain@vision
Posts: 9,348
Opinion:No Opinion
Price:348.00
Pocket Rocket
Today 08:04
https://www.propertyindustryeye.com/help-to-buy-sends-number-of-first-time-buyers-into-the-12-year-record-books/

This is certainly an area TEF is currently exploting as the surge in sales at Bow has revealed Now just the 6 left which is an amazing achievement since Steffy last updated
Cybs

As James said unlikely to be revealing the identity of their partner until sealed as it is price sensitive You can take it as read if it isnt Greystar / HP it wil lbe someone of a similar ilk

Just as the market is tightening up TEFare effectively going liquid to go and attack some sites

Pocket rocket
james188
Posts: 69
Opinion:No Opinion
Price:340.50
RE: JDS interview
Tue 18:47
JDS has to be very careful as to what he says as to future deals and his script is bound to have been vetted by the Nomad, given price sensitivity. What I took away from the podcast was that TEF are close to finalising their long term partner arrangements and that they are keen to emphasise their intention to do future deals with other instils as well. That makes, sense, to avoid too many eggs in one basket. I also noted that TEF signalled an intention to go above 50% as a percentage of BTR deals in the portfolio. That is a big call.
cyberduck
Posts: 934
Opinion:No Opinion
Price:342.50
RE: JDS interview
Tue 16:26
"already in an agreement to build them nearly 900 homes"

Talking about Greystar. I wasn't aware that had reached the agreement stage. They missed a trick not issuing an RNS with details of that agreement.

Also JDS didn't really talk about Henderson Parks as though they were imminently going to be announced as the long term partner. Nor Greystar really.
terrace
Posts: 4,065
Opinion:No Opinion
Price:340.50
JDS interview
Tue 14:21
https://www.telfordhomes-ir.london/media/webcasts/telford-homes-plc-sale-of-equipment-works-for-1055-million/

note the final comment by the interviewer,"look forward to catching up again in a few weeks time".
steph
Posts: 4,414
Opinion:No Opinion
Price:343.00
sain
Tue 13:21
big stable fund in existence for over 60 years, indeed worlds oldest, and 4th largest in world. Fairly conservative. Likes prime property.

over half a trillion US dollars strong. It is enough to buy every single property in all of east London from Tower hamlets out to the M25.
sain@vision
Posts: 9,348
Opinion:No Opinion
Price:343.00
Steph
Tue 12:19
Kuwait Investment Authority and Wafra -your neck of the woods .Unlimited capital available to Henderson Parks for a rollout in London Game changer?
steph
Posts: 4,414
Opinion:No Opinion
Price:343.00
rapp
Tue 12:05
bought a tiny amount on my spread. Quite remarkable given the background noise. TEF on a company level must pedal hard to overcome the headwinds but they are inching forward in spite of the background on company specific performance.
Rapper
Posts: 118
Opinion:No Opinion
Price:340.50
new partnership
Tue 11:37
sorry 344 not 343 fat thumb again
sain@vision
Posts: 9,348
Opinion:No Opinion
Price:344.00
Terrace
Tue 11:30
I think Henderson Parks will be part of the mix too .Bringing in some huge lumps of safe haven seeking Middle East money .Hands across the oceans
Rapper
Posts: 118
Opinion:No Opinion
Price:344.00
new partnership
Tue 11:29
what a magnificent new triumvirate. talk about punching above their weight with a sub £300ml market cap! as usual Ive taken the bait & bought a further lump at 3.43 despite all the parliamentary c...p short of a full scale nuclear war this can only be profitable shortterm,medium term,sitting on a cloud term lol come and join me
terrace
Posts: 4,065
Opinion:No Opinion
Price:344.00
RE: Partnership
Tue 10:44
Yes difficult to see Greystar not being the main long term partner, with Equipment Works being the third project with TEF that they are involved in financing.
sain@vision
Posts: 9,348
Opinion:No Opinion
Price:343.50
Partnership
Tue 10:13
Diffcilut to see TEF going into bed with anyone else with these 2 in the frame. From Greystar /Henderson Parks perspective a little bit like when JP Mcmanus was questioned why he chose AP Mccoy as his jockey

He said"You wouldn't want him riding against you,would you!"

This deal at EW doesn't make sense in isolation for HC and Greystar -it is too small! It must be a sweetner !!!
sain@vision
Posts: 9,348
Opinion:No Opinion
Price:343.50
DreamTeam
Tue 10:05
The stars are in alignment .Looks like the dream team has now been established
TEF-Henderson Park-Greystar. Formidable

https://www.greystar.com/about-greystar/newsroom/2018/01/31/henderson-park-and-greystar-to-deliver-the-worlds-tallest-modular-towers-in-croydon
sain@vision
Posts: 9,348
Opinion:No Opinion
Price:338.00
Henderson Park The game changer
Tue 08:43
This is the goldplated deep pocketed investor TEF needs with a sovereign wealth fund backer to roll out

"Henderson Park is backed by three cornerstone investors: Stone Point Capital, Kuwait Investment Authority and Wafra Investment Advisory Group."
sain@vision
Posts: 9,348
Opinion:No Opinion
Price:338.00
James
Tue 08:39
Could be that they had a third party investor lined up for Equipment Works Henderson arriving in late in the day after Savills interviews which has dealyed things This could be the trigger Exciting stuff

Steffy deiivering as usual
sain@vision
Posts: 9,348
Opinion:No Opinion
Price:339.50
RE: RNS
Tue 08:14
"We are also pleased to be working to deliver this scheme with Telford Homes and Greystar, with whom we are also working with on other projects across London, which will offer an attractive solution to renters in the capital."

Looks like Henderson Park will be the new partner whose arrival has created the delay in proceedings of the sale No doubt a template being formulated for others

The market should be encouraged by this announcement
james188
Posts: 69
Opinion:No Opinion
Price:339.50
RE: RNS
Tue 08:10
Sain - our posts were made simultaneously! I agree with you.
james188
Posts: 69
Opinion:No Opinion
Price:339.50
Equipment Works
Tue 08:08
Looks like a strong pointer as to the identity of at least one of TEF’s intended long term JV partners for BTR. I see that CBRE advised TEF on this deal and I imagine that they are also involved in the selection process as well as Savills, in one way, shape or form.
sain@vision
Posts: 9,348
Opinion:No Opinion
Price:339.50
RNS
Tue 08:06
All good things come to those that wait. The hare is on the move

First leg of the treble up and maybe the arrival of a new name in the mix with Gresytar reveal a new triumvirate going forward for the double. Good to see those site monies back in. Maybe the commercal element stays at home asTEF's bunce?

TEF'S new head office perhaps?
Interesting to see CBRE name crop as involved in the deal You can judge a company by the company it keeps

CBRE-Savils- JLL. 3 global real estate heavyweights all doing business with TEF




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