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Telford Homes Share Chat (TEF)



Share Price: 397.00Bid: 397.00Ask: 398.50Change: 0.00 (0.00%)No Movement on Telford Homes
Spread: 1.50Spread as %: 0.38%Open: 394.00High: 398.50Low: 394.00Yesterday’s Close: 397.00


Share Discussion for Telford Homes


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sain@vision
Posts: 8,099
Opinion:No Opinion
Price:397.00
Gallions Point
Thu 11:46
https://obexuk.com/case-study/gallions-point-east-london/

This development hoving in to view so plenty to get stuck into there
 
sain@vision
Posts: 8,099
Opinion:No Opinion
Price:396.00
RE: More Good News!
Thu 07:24
Sunday Roast

Read it again.It says house prices have fallen in London by 0.4% .It was transaction levels they were referring too
Sundayroast
Posts: 1,540
Premium Chat Member
Opinion:No Opinion
Price:396.00
RE: More Good News!
Thu 06:57
Ha ha! I'm not invested here but that bit of news is rubbish. House prices are not falling by 29% in London.
sain@vision
Posts: 8,099
Opinion:No Opinion
Price:396.00
Politics
Thu 06:12
More like The Stones Sitting On A Fence Good place to be on this board I think that the general concensus here that red,blue or various shades within TEF will adapt accordingly

At local level their main concern is various squabbling "Strange brew " factions which exist at LBTH who bring the whole business to a standstill .
Whether that has changed will be evident at the next planning committee Maybe at a "Crossroads" Certainly need to be "Brave Ulysees" with LBTH or might end up in a "White Room Your fault Strictly for mentioning Cream !
steph
Posts: 4,238
Opinion:No Opinion
Price:396.00
cov, strictly
Thu 05:50
https://tradingeconomics.com/united-kingdom/corporate-tax-rate

I know it seems strange but the "radical" corbyn is only saying he will return corporate tax rates to a level that would be considered historically low. Corporate tax rates reached 52% in 1982 under thatcher and were above 26% for most of Cameron's coalition.

Of course Corbyn and MacDonald might be secretly planning much more radical tax changes than they are saying. However for the moment and for my money I don't see a Corbyn government as a threat to TEF's SP. Indeed they have won some cautious approval from the business community for their economic policies. If there is a dip on a Labour election I'll consider that a buying opportunity.

We all have our different preferences for political parties. I find it healthy my views are challenged on political risk for our SP as it is not a science guessing what politician might do if in office and thus benefits me (and I hope others) from a wide debate.

At the moment for me the Tories are underperforming against my expectations that at least on economics they were a sensible lot "conservatives" in substance and not just name. As an investor "conservative" is generally good. It is predictable even if not a personal preference. We have a funny situation where the Tory's are radical on economics with regards to our basic trading relationships and radical left wingers are closer to the establishment views of what to do. Strange times.
TIMMO
Posts: 190
Opinion:No Opinion
Price:396.00
coventrykid
Wed 23:23
you are so right !
no need for further comment.
strictlybricks
Posts: 276
Opinion:No Opinion
Price:396.00
RE: cov
Wed 21:31
Or, as the late Jack Bruce sang...

"I support the left, though I'm leaning to the right"

I imagine there are plenty of old gits on here who are long enough in the tooth to remember Cream..?

Cov, I'm not entirely confident that you and Steph will ever reach agreement when it comes to politics...?

Me - I'm keeping shtum on that front...! :-)

Strictly
COVENTRYKID
Posts: 275
Opinion:No Opinion
Price:396.00
RE: cov
Wed 18:42
A Corbyn led Labour govt feels corp tax needs to go to 26% from the current 19% ( dropping to 18% in 2020 under Tory govt). Good for business ????
& More pound notes for the ever failing public Sector to mismanage/waste or the escalating Social Security (welfare ) budget. The economy is setting employment records.
32.4 mill in work , record. Job vacancies at record level. Unemployment lowest since 1975.
Yes lets give it to Corbyn. Most know how that will End.
steph
Posts: 4,238
Opinion:No Opinion
Price:396.00
cov
Wed 16:54
never claimed Corbyn would be good for our SP although May government giving him a run for his money on that score.

He may be hard left but the actual financial proposals are pretty tame and I would not be predicting a crashed SP if he gets elected. We have had higher income tax rates under Thatcher and survived.

Crashing out of EU a big risk though and I do believe COrbyn is playing party politics on that one rather than doing what is right for the nation. It was always best to have some form of national unity government to negotiate Brexit. Not been offered by Tory or Labour though. These wafer thin votes on key elements are not the way to do something of such fundamental importance. Churchill with a comfortable majority went into formal coalition with real socialists (in favour of immediate nationalization of industry) for the duration of the war. May is no Churchill though and lacks the imagination on how to move forward with this.
COVENTRYKID
Posts: 275
Opinion:No Opinion
Price:395.50
RE: steph
Wed 15:52
Many of us think the same about Corbyn , but being polite and on the right we choose not to say so !!
sain@vision
Posts: 8,099
Opinion:No Opinion
Price:396.00
National Housing Awards Shortlist
Wed 12:33
terrace
Posts: 3,720
Opinion:No Opinion
Price:394.00
steph
Wed 11:41
Boris to run for PM,that is a joke right?.
sain@vision
Posts: 8,099
Opinion:No Opinion
Price:393.50
BTR
Wed 07:23
Huge amount of momentum in the BTR market to fill the gap opening up by the flight of the individual private investor.Still same planning problems to overcome in developments with the pressure to add into the mix affordable and social housing. I should imagine the institutions will be seeking for long term partnerships with HA's etc to manage these elemnets

This does play into TEF' s hands as the alchemists of delivery and their expertise .I shouldn't think it will be very long before TEF announce a major tie up keen to attach themselves to a major capital source.

Institutional battleships slow to move into the sector and equally slow to turn around and move out at the first sign of trouble

At the end of the day if the institutions are carrying these developments with rental voids missing out on targeted yields their enthusiasm will be dampened

These developments now completing will be watched very closely Caledonian Road , Carmen Street will be important to fill up quickly with TEF's s huge stake in the area. Still many in the industry who see these as student accomodation for grownups

Massive sector emerging and no doubt TEF will be an integral part of it
james188
Posts: 34
Opinion:No Opinion
Price:393.50
TEF share price
Tue 19:53
Once the PRS market (in London) has developed a bit more and become an established separate asset class - which I personally believe will happen - I think that TEF will be distinguished from the other generalist builders that it is currently lumped in with. That should lead to a rerating. At the moment, the different risk profile is not sufficiently well understood or credited by the market and so the share price is depressed. How long the rerating will take is an interesting question.
Dako
Posts: 870
Opinion:No Opinion
Price:393.50
SP
Tue 18:49
Strictly, I will be investing with TEF in the future because of the that reason that they are making money and have good management. Thanks for your comment.
strictlybricks
Posts: 276
Opinion:No Opinion
Price:393.50
Dako, PS
Tue 18:40
Dako,

Schoolboy error alert.... I omitted to add "4" after the words "...and priced at a PBV of around" on the first line...

Hopefully that makes sense now..? :-)

Strictly
strictlybricks
Posts: 276
Opinion:No Opinion
Price:393.50
RE: SP
Tue 18:36
Dako,

You can go back much further than that....

Share price around 430p in 2007, i.e. eleven years ago, and priced at a PBV of around - which is a record for any builder, ever, that I've got figures on and, in some cases, these go back as far as the early '80's..!

If you're a glass half full wallah, there's reason for gloom I guess, but if you're a glass half empty sort of person, and are taking into account that all Telford have been doing since 2007 is making money not losing it, well - what does that suggest about their value today..?

Strictly
Dako
Posts: 870
Opinion:No Opinion
Price:393.50
SP
Tue 18:07
SP looks like it is in a slow decline for the summer. Unfortunately, by the time that contacts are signed on a BTR deal l suspect that it will ONLY push the SP back up to around the £4 again. I hope that it is not a further 5 years before we see the high 400's again as TEF have double in size since 2013 but the the SP has been going backwards.
strictlybricks
Posts: 276
Opinion:No Opinion
Price:394.50
RE: GFRD statement (Linden Homes)
Tue 11:44
Terrace,

From the trading update:
...........................................................................................................................

"The Group expects to report strong pre-exceptional full year results...."
............................................................................................................................

Ah yes, those two magic words "pre-exceptional"

Anyone who had spent even a modest amount of time looking back over Galliford's past results, comparing stated EPS against reality check EPS (by which I mean, using BVPS at beginning and end of year adjusted for dividends paid) for the years 2012 to 2017, would probably, like me, conclude that pre-exceptional earnings are, indeed, truly a thing of wonder... :-)

Strictly
steph
Posts: 4,238
Opinion:No Opinion
Price:393.00
black swans
Tue 08:21
Trump and Brexit. International risk and national risk.

If only we could just ignore the politics but alas there is a large effect on SP -at least in the short run. We'd be over 5 quid if the politics were more normal.

Risk of a crash out and the general sharp decline in all UK shares that will result (although logistics companies might make extra money out of the chaos) is rising with the wrecking amendment accepted by May. I'd still put it at under 10% as a risk but that is up form 5% only a few weeks ago. Was not my cup of tea but May had the beginnings of strategy at Checkers but that "strategy" lasted only 10 days. Back to political gridlock.

A truck stuck in a border queue is a truck still making money -if they can pass the cost onwards under the contract structures. Just being stuck for 24 hours roughly doubles the fleet needed for flows between the EU and UK. Twice the fleet twice the cost and twice the earnings. Lovely Jubbely. We need Del Boy and Rodney to go into cross border trucking. Maybe skipping the queue by trying to bribe the customs officials or driving across a field to get to the front.
sain@vision
Posts: 8,099
Opinion:No Opinion
Price:398.00
Steph and James
Mon 11:27
Thanks for the helpful info.




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