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Perhaps look at the 350p as an option negotiated to cover the period of the conservative leadership result. Shareholders can always decline to exercise the option by voting against the deal in sufficient numbers if they think housing market prospects now look better.
Out of left field AW could resign now, vote no and campaign for others to do likewise in support of shareholders.......... LOL!
Makes a mockery of the wonderful premium our BOD negotiated for us.
Homebuilder SPs showing good progress today .
Just listened to Boris. If every young person wanting to buy their own home will be helped wouldn’t you think that builders would be rubbing their hands at the prospect of incentives and tax cuts. What a shambles and I mean TEF not Boris.
One of the main reasons for TEF missing the mark last financial year was their over optimistic view on sales where I guess the BODS are guided by their Sales Director on figures,
It became apparent before the completion of Bermondsey Works that things had changed with unsold apartments cluttering up the portal on completion
FY 19 was always going to be under the cosh and a potential interruption in the beanstalk growth
Last year I guess it was the SD that sanctioned the ill fated sales launch to Asia on Gallions Point which only produced a handful of sales.I guess it didnt help that JLL.'s HK office was telling potential buyers that the location was a little far out!
The recent pre mini launch of the last phase at City North in Savills and JLL Hong Kong offices where the apartments seemed well over priced produced just a handful of sales
"Campbell has agreed with the board of Telford Homes that there is no long-term need for his role and that he would prefer to look for other opportunities."
Just a little hard to believe that the company's constant mantra has always been that there is a disconnect between supply and demandon housing across all sectors that suddenly they are going to abandon a sales stream which has served them well and produced high margins
Plenty of hard graft sales work to do in getting the remaining apartments away at Gallions and City North plus some fresh launches to come
Does seem that the SD role is even more important today in a challenging market not diminished