11 July 2013 – AGM statement
The company remains upbeat, having revealed that over 240 open market properties have been sold since 1 April. In the full year to 31 March 2013 there were 803 sold. There is said to be a shortage of homes in London and Telford Homes aims to significantly increase its output in the coming years. The shares have increased strongly since our tip but with the company going from strength to strength we retain our FIRM HOLD recommendation.