Telford Homes represents a pure play on London’s clear requirement for the delivery of more good-quality, new build homes. Management is continuing to orient development activities towards the more robust build to rent (BTR) subsector, although there will be a near-term dip in earnings as the pipeline transitions, factoring in isolated other project delays and current market conditions also. Regaining and sustaining historic profit levels would warrant a share price significantly ahead
26 Mar 2019
Telford Homes - Greater focus on a long-term growth market
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Telford Homes - Greater focus on a long-term growth market
Telford Homes (TEF:LON) | 0 0 0.3% | Mkt Cap: 295.3m
- Published:
26 Mar 2019 -
Author:
Toby Thorrington -
Pages:
18
Telford Homes represents a pure play on London’s clear requirement for the delivery of more good-quality, new build homes. Management is continuing to orient development activities towards the more robust build to rent (BTR) subsector, although there will be a near-term dip in earnings as the pipeline transitions, factoring in isolated other project delays and current market conditions also. Regaining and sustaining historic profit levels would warrant a share price significantly ahead