Secondary Recommendation

Telford Homes - London house builder enjoys two forecast upgrades in two months

January 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Telford Homes, a residential housebuilder specialising in the redevelopment of sites within Central and East London, is unusual in that it is totally exposed to the Capital, where a spike in house price inflation and property transactions have made for a heady cocktail of booming conditions. The shares have been a delight for investors, rising from 184p to 337p this year but after a second upgrade to forecasts in only two months they still trade on an inexpensive forward PE of 14.2 in the year to next March, falling to 12.6 in 2015 and then 10.4 in 2016. Telford Homes was originally founded by Jim Furlong and Andrew Wiseman who had previously enjoyed huge success running Furlong Homes, a London-focused house builder, which during ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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