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Telford Homes PLC (TELF.L)

TELF.L on London Stock Exchange

348.00GBp
19 Aug 2019
Change (% chg)

-0.50 (-0.14%)
Prev Close
348.50
Open
348.50
Day's High
349.00
Day's Low
348.00
Volume
70,994
Avg. Vol
484,583
52-wk High
430.00
52-wk Low
260.00

Latest Key Developments (Source: Significant Developments)

Telford Homes Says 55.95% Shareholders Approve To Re-Appoint PwC As Auditors
Thursday, 11 Jul 2019 

July 11 (Reuters) - Telford Homes PLC ::TELFORD HOMES PLC - 55.95% SHAREHOLDERS APPROVE TO RE-APPOINT PRICEWATERHOUSECOOPERS LLP AS AUDITORS AT AGM.  Full Article

Telford Says Sales And Marketing Director David Campbell To Step Down
Monday, 8 Jul 2019 

July 8 (Reuters) - Telford Homes PLC ::BOARD UPDATE.DAVID CAMPBELL WILL STEP DOWN FROM BOARD OF COMPANY AND HIS ROLE AS GROUP SALES AND MARKETING DIRECTOR.DUE TO RECENT CHANGE IN CO'S ' STRATEGY TO FOCUS ON BUILD TO RENT MARKET, CAMPBELL AGREED WITH BOARD THERE IS NO LONG-TERM NEED FOR HIS ROLE.  Full Article

CBRE To Buy Telford Homes For 350P/Share
Wednesday, 3 Jul 2019 

July 3 (Reuters) - CBRE Ltd::OFFER FOR TELFORD HOMES PLC.UNDER TERMS OF ACQUISITION, SCHEME SHAREHOLDERS SHALL BE ENTITLED TO RECEIVE: FOR EACH SCHEME SHARE: 350 PENCE IN CASH.DEAL VALUES ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF TELFORD HOMES AT APPROXIMATELY £267.4 MILLION ON A FULLY DILUTED BASIS.TELFORD HOMES DIRECTORS CONSIDER TERMS OF ACQUISITION TO BE FAIR AND REASONABLE.DEAL PRICE IS FINAL, WILL NOT BE INCREASED, EXCEPT IF THERE IS ANNOUNCEMENT OF OFFER/POSSIBLE OFFER FOR TELFORD HOMES BY A THIRD PARTY.  Full Article

Telford Homes Selects M&G & Invesco As Investment Partners For Future Build To Rent Pipeline
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Telford Homes PLC ::STRATEGIC BUILD TO RENT PARTNERS SELECTED.M&G AND INVESCO CHOSEN AS INVESTMENT PARTNERS FOR FUTURE BUILD TO RENT PIPELINE.M&G TO BE PRIORITY PARTNER FOR SCHEMES INCLUDING UP TO 200 BUILD TO RENT HOMES & INVESCO WILL HAVE PRIORITY FOR MORE THAN 200.IN BUILD TO RENT PARTNERS SCHEME, 200 HOMES LIKELY TO REPRESENT VALUE OF BETWEEN £75 MILLION AND £100 MILLION.  Full Article

Telford Homes Sees Pretax profit of About 40 Mln Stg
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Telford Homes PLC ::STRATEGIC AND TRADING UPDATE.TO PLACE EVEN GREATER FOCUS ON BUILD TO RENT WHICH IS NOW EXPECTED TO EXCEED 50 PER CENT OF DEVELOPMENT PIPELINE BEFORE END OF 2019.FUTURE DIVIDEND POLICY ANTICIPATED TO BE ENHANCED DUE TO REDUCED CAPITAL REQUIRED FOR BUILD TO RENT.SHORT TERM DIVIDEND IS EXPECTED TO BE AT LEAST MAINTAINED AT 2018 LEVEL OF 17 PENCE.PBT FOR FY 2019 EXPECTED TO BE CIRCA £40 MILLION WITH GROUP'S NET ASSET VALUE PER SHARE ANTICIPATED TO BE APPROXIMATELY 330 PENCE AS AT 31 MARCH.PROFITS BEYOND FY2020 EXPECTED TO GROW AGAIN AND WILL REFLECT GREATER FOCUS ON BUILD TO RENT.IN SHORT TERM DIVIDEND IS EXPECTED TO BE AT LEAST MAINTAINED AT 2018 LEVEL OF 17 PENCE.  Full Article

Telford Homes Announces Conditional Acquisition On International Way
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Telford Homes PLC ::CONDITIONAL ACQUISITION ON INTERNATIONAL WAY.PROPOSED DEAL FOR £20.0 MILLION.EXCHANGED CONTRACTS FOR CONDITIONAL PURCHASE OF A SITE ON INTERNATIONAL WAY, STRATFORD, E20.  Full Article

Telford Homes Says Brexit Uncertainty Making It Difficult To Accurately Predict Sales Rates
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Telford Homes PLC ::H1 PRETAX PROFIT ROSE 16.1 PERCENT TO 10.1 MILLION STG.H1 REVENUE ROSE 31 PERCENT TO 129.6 MILLION STG.INCREASED INTERIM DIVIDEND BY 6.3 PER CENT TO 8.5 PENCE (H1 2018: 8.0 PENCE).TELFORD - STILL HAVE WORK TO DO TO ACHIEVE ORIGINAL TARGET OF EXCEEDING £50 MILLION OF FY PRETAX PROFIT, BREXIT BRINGS CERTAIN UNPREDICTABILITY TO THAT.TELFORD-BREXIT UNCERTAINTY, WIDER POLITICAL SITUATION A CONCERN ACROSS SECTOR MAKING IT DIFFICULT TO ACCURATELY PREDICT SALES RATES IN COMING MONTHS.  Full Article

Telford Homes Expects Profit Before Tax For H1 2019 to Be Lower Than H2 2019
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - Telford Homes PLC ::TELFORD HOMES PLC SAYS PROFIT BEFORE TAX FOR H1 2019 WILL BE LOWER THAN H2 2019 BUT IS EXPECTED TO EXCEED £8.7 MILLION ACHIEVED IN SIX MONTHS TO 30 SEPT 2017..TELFORD HOMES PLC SAYS INTERIM DIVIDEND IS PROPOSED TO INCREASE IN ACCORDANCE WITH ANTICIPATED FULL YEAR PROFIT GROWTH.  Full Article

Telford Homes FY Revenue 316.2 Mln Stg Vs. 291.9 Mln Stg
Wednesday, 30 May 2018 

May 30 (Reuters) - Telford Homes PLC ::FY REVENUE 316.2 MILLION STG VERSUS 291.9 MILLION STG YEAR AGO.FY PRETAX PROFIT 46 MILLION STG VERSUS 34.1 MILLION STG YEAR AGO.FINAL DIVIDEND 9 PENCEPER SHARE.TOTAL DIVIDEND UP 100 PERCENT TO 17 PENCEPER SHARE.TELFORD HOMES - STRONG DEMAND FROM BUILD TO RENT INVESTORS WITH GROUP EXPLORING A NUMBER OF INTERESTING OPPORTUNITIES TO ENHANCE SUPPLY TO THIS SECTOR.TELFORD HOMES - ROBUST LONDON MARKET FOR HOUSING AT OUR TYPICAL PRICE POINT WITH DEMAND FROM A BROAD BASE OF BUILD TO RENT INVESTORS.TELFORD HOMES - INCREASED FOCUS ON BUILD TO RENT WILL DRIVE NEXT PHASE OF GROWTH, ALLOW TO CONSISTENTLY DELIVER TOTAL PRE-TAX PROFITS IN EXCESS OF £50 MILLION."WELL PLACED TO EXCEED 50 MILLION STG OF TOTAL PRE-TAX PROFIT FOR YEAR TO 31 MARCH 2019, REPRESENTING A 100 PER CENT INCREASE OVER FOUR YEARS".  Full Article

Telford Homes says H1 profit to be significantly lower than H2
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Telford Homes Plc :‍existing pipeline of over 4,000 new homes to be delivered across London​.‍average expected price of open market homes in group's pipeline is £530,000​.‍increasing emergence of institutional build to rent investment in london housing market​.‍acute need for more homes to buy and rent in non-prime areas of london continues to underpin group's longer term growth plans​.‍pre-tax profit for H1 2018 expected to be significantly lower than H2 2018 and lower than last year​.‍all developments are on time and in accordance with board's expectations​.‍interim dividend expected to increase in accordance with anticipated full year profits​.‍on track to exceed £40 million of profit before tax for year to 31 march 2018 in accordance with market expectations​.‍longer term strategy remains to continue to grow telford homes and deliver more of homes that london needs​.  Full Article

UPDATE 2-FTSE 100 hits 10-month high as weak pound spurs rate cut bets

* Telford Homes gains after buyout offer (Adds news items, analyst comments, updates share prices)