A decision to debut in the rental flats market last year has paid off for Telford Homes,
the housebuilder said today, as it revealed record sales and profits.
Boss Jon Di-Stefano said that, since early 2016, the company has secured a pipeline of 500
London rented homes to construct. This is anticipated to increase by around 2000 over the
next three years. "Rental demand is robust in London, and institutional investors are not
worried about the upcoming election. They see that long-term returns in the private- rented
sector are strong," he added.
AIM-listed Telford Homes also said, demand from housebuyers had held up since the
Revenue jumped 19% to £291.9 million in the year to March 31. Pre-tax profits rose 6%
to £34.1 million.
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.