Telford Homes (TEF)

Sector:

Household Goods

Index:

FTSE AIM 50

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339.50p
   
  • Change Today:
    -2.00p
  • 52 Week High: 471.50
  • 52 Week Low: 270.00
  • Currency: UK Pounds
  • Shares Issued: 75.70m
  • Volume: 135,962
  • Market Cap: £257.00m
  • RiskGrade: 145

Telford Homes to buy part of Greenford site for £28.4m

By Michele Maatouk

Date: Monday 05 Nov 2018

LONDON (ShareCast) - (Sharecast News) - AIM-listed residential property developer Telford Homes has agreed to buy part of Greystar's development site in Oldfield Lane North, Greenford, for £28.4m.
The development - a 20-acre mixed use scheme on the banks of the Grand Union Canal - has planning consent for 1,965 homes along with retail space, restaurants and cafes, leisure facilities, flexible work space and a two-form entry primary school.

Telford said that while around 70% of the homes are to be delivered as build to rent by Greystar, the remainder are for individual sale and affordable housing. The company has bought part of the site to deliver 194 homes for individual open market sale at an average selling price of around £500,000 and 84 affordable homes for shared ownership.

Chief executive officer Jon Di-Stefano said: "We are delighted to have exchanged contracts to acquire our first site in the London Borough of Ealing. We have an excellent relationship with Greystar which has allowed them to place their trust in Telford Homes to deliver an important part of this flagship scheme and we will continue to work closely together as the development progresses.

"Homes for individual open market sale remain an important part of our business model especially at affordable prices and in great locations like Greenford."

Telford said the site is serviced by excellent transport links being situated a few minutes' walk from Greenford Underground station on the Central Line. Work is expected to begin on site in mid-2019 with completion anticipated in 2022.

At 0925 GMT, the shares were up 0.3% to 327p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Telford Homes Market Data

Currency UK Pounds
Share Price 339.50p
Change Today -2.00p
% Change -0.59 %
52 Week High 471.50
52 Week Low 270.00
Volume 135,962
Shares Issued 75.70m
Market Cap £257.00m
RiskGrade 145

Telford Homes Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.77% above the market average80.77% above the market average80.77% above the market average80.77% above the market average80.77% above the market average
85.19% above the sector average85.19% above the sector average85.19% above the sector average85.19% above the sector average85.19% above the sector average
Price Trend
39.19% below the market average39.19% below the market average39.19% below the market average39.19% below the market average39.19% below the market average
48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average
Income
85.40% above the market average85.40% above the market average85.40% above the market average85.40% above the market average85.40% above the market average
21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average
Growth
59.90% above the market average59.90% above the market average59.90% above the market average59.90% above the market average59.90% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 2
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Telford Homes Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Dec-18 07-Jun-18
Paid 11-Jan-19 20-Jul-18
Amount 8.50p 9.00p

Trades for 15-Feb-2019

Time Volume / Share Price
16:52 881 @ 339.50p
16:52 1,164 @ 340.00p
16:38 7,709 @ 343.63p
16:37 3,500 @ 340.37p
16:37 3,500 @ 340.37p

Telford Homes Key Personnel

CEO Jonathan Di-Stefano
Finance Director Katie Rogers

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