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Just to add salt into the wound
https://novaramedia.com/2023/08/04/its-a-scandal-how-property-developers-failed-to-sell-a-single-flat-in-balfron-tower/
Can't believe that this chat aite is still open on LSE 4 years later .
Should think the SP would be a lot different today with the main cast of characters long gone!
Latest set of accounts showed a loss of £153m .
Maybe it would have been a good time to get back in !
Interesting to note that the site in Cambridge Heath Road they acquired in Bethnal Green in 2017 for £30m hard cash unconditionally remains undeveloped .
Beset with planning problems .A fresh application went in earlier this year .
Looks like last year was a good time to sell after all!
Got rid of half mine over the last few months but it does cost me to buy or sell,1%.
Silly question, but why did people wait till now for there money when they could of traded them on the stock exchange months ago for the same price???
You are lucky. I know Hargreave and others settled last week. Iweb just said they are within regs if they settle in 10 working days. Meantime they have use of all that cash. Profiteering out of giving lousy customer service. Typical.
Got mine today,at last.
Will be paid after 2nd October & no later than 14th October.
Does anyone know the settlement date. As far as I can see the CBRE website is very quiet on the issue.
It will but without us allowed to hold shares in it. The Yanks will make a bomb off TEF. America First I suppose.
If TEF goes public in a few years time you will see the full hidden value we were "cheated" of. It is a growing company with a great business plan in a growing market with a chronic shortage of homes and high barriers to entry for builders not already embedded. BKY most similar but not in the same phase of growth and aiming further upmarket where in my opinion the market is more volatile than the near prime under 600k market for young well paid professionals. I think TEF had it spot on and I have no alternative I hold the same confidence with.
Quite irritated that my average buy in price since 2012 in my ISA is 3.57 and I was forced out at 3.52. All that risk for a modest dividend. If the buy out had been at around the 5 year high (4.93) maybe would have felt better about it but not at 3.50. Bad timing.
Quote in email yesterday from Company Secretary Monique Woudberg : There is unfortunately not a date set as yet for the payment to shareholders. I can confirm that once all of the conditions to the scheme have become effective there will be a notification to the market which will be available on our website and will include details of when shareholders can expect to receive their cash proceeds and the expected timings for de-listing.
and so it will.
sain, steph, terrace
They used to talk about this company as though it'd stay afloat forever. How misguided they were.
COV....hope very much to see you on the Bellway board
Good luck Terrace ! There have been some exceptionally good characters on this board.
It didn't end as we hoped and i sincerely hope it didn't hurt in a financial sense the regulars on here.
I suspect it didnt , many were in from circa a £1.00 so we did ok !! Can still afford to go to Japan for the RWC in Sept.
All the best all the Tef "Regulars" , you know who you are
Feel sorry for the usual posters on this BB.
Hopefully the regulars here will join Sain and Strictly on the Bellway board....seems a sensible homebuilder.
Credit for not being able to change direction in new circumstances and selling us out? Didn’t JDS inform investors and the market that individual sales would form a lesser part of the strategy in the short term and rental partnerships were the main thrust? Credit for wasting a 1.5 billion pipeline? Credit for claiming confidence for the long term but not being willing to see it through? Credit for having considerable salaries and benefits affording the luxury of throwing in the towel for individual shareholders? I doubt many on here share your view
So we now have the choice of selling in the market for 349p less fees or waiting until the end of September for 350p net from CBRE.
A lot of disappointment here. For me the Board did well during the dark days of 2008 & 2009 when all could have been lost. Instead they returned the share price to the post financial crisis highs. You have to compliment them for their efforts. For me government policy on stamp duty changed the game and changed the tef business model which wont be as profitable as the previous investor model.
Good luck to all involved with Telford Homes past and present! They deserve credit!
What a shame. Fair well all and thank you for all your contributions on this board. No doubt we'll cross paths again. Must go now to double underline and highlight all the directors of TEF in my little black book of mischievous scallywags, not to be trusted in the future.
Goodbye old friend,i shall miss you. have just sold my 28000 tef and reinvested in crst seduced by the 9% yield and disgusted by the tef BOD who seem to have chosen self interest over their responsibility to shareholders . shall also miss the posting board so please posters tell me on which board you will now hang your talented and enjoyable hats so adieu but not goodbye
Sounds like a lament !Sad to see them go
Should imagine like my SIPP holder they probably didnt bother to register my intentions
CBRE have got themselves a bargain , the founding fathers are happy Should imagine some of the suppliers and professionals might be concerned
So thoroughly enjoyed watching their progress over the years and probably look in now and again
This has been a fantastic baord .Wish you all the very best .Might meet up elsewhere Time to move on Over and Out Adios
As I read the results, only 46% of shares were voted, and only 3.5% (2.7m shares) were voted against the deal (and 1.4% of those spoken for by a single poster on here iirc).
I voted against, but it was always highly likely to go through unless a serious counter-bidder emerged. I was surprised that the votes against were pretty low. Time to move on.