Member Info for Breton59

I don't get down the Southeast very often now the family have moved back to the Midlands so any news is welcome. I've long held the view the management team over seeing development is either constrained by some issues or are so slow at getting developments completed that cash flow has to be a big worry. I believe given the situation it would be wise to pay down the debt rather than worry about a dividend. If the current situation continues at this pace I to fear the worse. For an example of the market this company has missed out on Telford Homes recorded a record year on turnover and profits.

Totally abysmal financials again. Expect better results next year, like every year since I bought shares. The 'great' market that has seen good results for other builders and several refloat on the market has constantly bypassed Traf. This company needs to get a new management team before it ends up like its former self. Some shareholders estimated between 250k and 750k profit...........not a hope with this team.

Don't wish to appear rude but my views are well aired on this board. I can not see any real improvement in the overall figures this year. A profit may well be in the pipeline but I'll wait to see the debt and the progress if any on Staplehurst. If I could I would sell the 25% of my shares I still have left...not many, but after four years of excuses you can see why I prefer to leave .

Good thinking, I've invested since April 2013 and topped up eight times but still only small amounts. I plan to exit once it all moves into profit, planned the rest of the investments last year in Tern and RM2 . I plan to shift over to more IoT firms while holding a base in Lloyds, RBS, Barclays and Taylor Wimpey. Really hopeful of FST now the Health side has gone, shame, its big business for the future but great competition for health care and Toumaz seemed distracted between the two core investments.

Is the online trading down again?.I can't get Halifax or Hargreaves Lansdowne

Has anyone the dates for the finals to be reported?.

Does anyone know why FST online trading is down ?.

Some good news but as readers of this Board are aware I'm no fan of the current Management Team. To slow to complete projects. With a 2m debt last year and the cost of paying materials and Labour plus interest costs I'm expecting some good news but not a lot for shareholders short term. I'm still planning to exit my last few shares if and when we get near 3p but if I planned to stop in I would prefer the company to pay down the debt before any dividend is proposed. The full years figures will be interesting .

I've bought two tranche of shares both in modest profit but I take the divi in shares over the years and combine the cost each year to purchase, they are easily beating any dividend increase at 13.9% profit. I'm no expert at Energy but I've sat tight and am very pleased with Inspired Energy progress.

With five reasonable years of profits growing from 2011 the CEO of Bovis has resigned because Bovis will miss its declared target for this year. TFN please take note!!!

A slow but constant ' buys' increasing holdings in this company. Looks like a steady but good year ahead.

Its a shame TFN are struggling to perform but I thought a RTO is where we came in. No point repeating all my previous comments, difficult to know what on earth this management team need to succeed. I'm usually supportive of Management Teams trying to turn round a business but this one baffles me. Merry Christmas to one and all, even this team. Hope 2017 starts a revival in fortune.

The performance over the last four years of this company reminds me of the lines from 'The Day after Tomorrow' "That time has come and gone my friend". Four wasted years, four years of excuses. The 'boom' in the house building sector will not last forever, circumstances beyond demand can impact a business . A real poor management team, time for a change before we run up more debt and more delays. These guys just aren't up to the job.

No surprise I agree the business is not looking good. I had my share of failed targets when working but TFN has had 'four good' years in the building 'boom' yet seems to be on a totally different path to everyone else. I assume its best to plan your developments so you have at least some sales in every six month period to support cash flow. The logistics of the current new/part finished builds escapes me, some firms near me in Balsall Common have started , finished and sold detached houses while TFN are still building three terraced houses. It would be best if TFN explained what constraints are holding back current builds. Staplehurst has always bothered me for a company that takes so long to build and sell property. Over two year on and we are still having to talk to Planning Consultants , for what?. How difficult is it to talk to the District Planning Officer and understand what is allowed under the District Plan.. I know its the same old song from me but after three years I'm inclined to look at the facts, not the jam tomorrow. We take far too long to build and sell property, we have a disastrous build plan hence not a single sale in six months. We have reached a point where I would rather TFN 'pay down' the debt than pay me a dividend and finally admit we need a new management team to get a grip. Even if TFN finally make a reasonable profit we have wasted nearly four years of a boom in house building in the SE . Not a very satisfactory record.

I'm not surprised that since the Report reflecting work as at March 2016 TFN are still working on some sites. I'm no expert on house building but who are the company employing on these sites, the seven dwarfs?. Is it me or are three terraced houses in op in March still not complete. I don't wish to be forever critical of TFN but shouldn't they appoint a new management team to get things moving?.

I assume Brewin Dolphin are stock building for whom?. I thought over 3% had to be declared by the 'real' investor.......or maybe not?. Seriously thinking of topping up. I always use the dividend in small firms to reinvest back into shares.. I have no business training as such but common sense has shown the share price increases faster than a dividend over time. I've doubled my investment since 2015 at 145 % and since 2014 49%. Don't ask about the rest of this year but things are picking up!.

Hope your right JP but it still doesn't explain how four years into a housing boom this company has yet to pay a dividend three years after it first promised a payment. Three years after the company stated they knew the market in the Southeast and planned to stay in the Southeast. Three years after building firms started paying increasingly bigger dividends. I'm a considerate shareholder and defend Management teams like Premier Foods that I think are doing their best in a very difficult market but TFN , what do they need to succeed? in the current market. I've had forecasts before from TFN but after four good years and dud results this business needs a new management team

Thanks for the update, I hope your optimism is proved right. I've had years of hope but TFN fail to deliver time and time again. God alone knows how they would have coped had the market been depressed. One thing I have concluded this management team need to be changed, in any other business four years of failure in a 'good dynamic market ' would have led to changes. I don't doubt the management team wants to succeed but wanting too and failing requires change.

This is one hell of a firm. Four of the best years in decades for house building and here we are stuck in a rut. Going nowhere, a 2m debt , no sales and all those forecasts I remember between 500k and 2m for the year. I checked Staplehurst...not my favourite site for a firm like this. If I have the right site with a railway down one side nothing has happened in two years, but with this management nothing much happens anyway..

Thanks JP. I'm going to hold in hope. Had lunch today with another investor that holds shares in TFN. He plans to hold in hope they can get back on track. We discussed how the Business Plan seemed so simple at a good time for house building in the SE but went totally of course and squandered four good years. Most of my shares are in Banks so I've written off this year but Taylor Wimpey has been a ray of sunshine and Lloyds are back on track. Here's hopeful TFN start getting results.