www.trafalgar-new-homes.co.uk

Just had a small punt on these earlier - look promising, but dyor etc.



RNS Number : 4070J
Trafalgar New Homes PLC
16 July 2013
Trafalgar New Homes PLC
("Trafalgar New Homes", the "Company" or "Group")
Admission to Trading on AIM
Trafalgar New Homes, the residential property developer operating in southeast England, is pleased to announce today its admission to trading on AIM. Dealings of the Company's ordinary shares of 1p each ("Ordinary Shares") commenced at 08:00am this morning ("Admission"), under the ticker TRAF.
Key Points:
-- Trafalgar New Homes is a residential property developer focused on Kent, Surrey, Sussex and the M25 ring south of London.
-- The Group specialises in small developments and outsources the design, planning and construction to third party contractors on a fixed price basis.
-- The Board believes the Group occupies a niche position in the current market, between local builders and developers and the larger house building companies.
-- The Company has raised GBP280,000, before expenses, through the issue of 14,000,000 new Ordinary Shares at 2p per Ordinary Share in a placing.
-- On Admission the Company will have 228,375,190 Ordinary Shares in issue giving it an approximate market capitalisation of GBP4.6 million.
-- The Directors expect the audited results for the year to 31 March 2013 to be announced in August.
-- Allenby Capital Limited is acting as the Company's nominated adviser and broker. Christopher Johnson, CEO of the Company, commented: "It has always been our intention to move to AIM at an appropriate time and the Board believes that the Group has made sufficient progress such that the move to AIM is now the logical next step. We have a continuing commitment to provide quality homes at realistic prices in the most sought after locations. We are excited with the prospects for the Company and look forward to maximising returns for our shareholders."
For further information and a copy of the AIM admission document visit www.trafalgar-new-homes.co.uk or contact:

Planning application has been lodged to build 16 houses & 6 flats on land at George Street, Staplehurst, Kent with an option for further development on adjoining land.

Buying volumes suddenly picking up again this afternoon.

Whoever sold out 37,850 @ 4.783p late this afternoon was totally mugged.

Looks as if there are only 5 out of the 12 properties still for sale at Oakhurst Park Gardens. According to rightmove.com & Savills only plots 12, 5, 1, 2 & 9 are now on the market.

Volume picking up today.

Trading update due out soon mitzy and it should make good reading.

Finished up 12.82% at the close - nice, but a lot more to come in the next few weeks with the trading update due any time.

Looks ready to test the 6p level again after having a go this morning and then a pull-back.

Tipped as a buy in Shares Magazine today.

Thanks for that.

Cant understand people selling out @4. 22p.

I think it's called impatience mitzy! With an update due from the company any day now, which should make positive reading, I think they must be bonkers to sell. What was it that chap Buffett said about the transfer of wealth from the impatient to the patient?:-)

Still falling when will it end.

cynic might say "rocket and stick"!

MAR getting hit as well today.

Down another 10% this is not good.

Not good indeed.

Staplehurst development application turned down by Maidstone Borough Council evidently and that is the reason for the drop in the share price this morning.

Thanks for that doodlebug.

re - why the fall? down another 10%

If one buys overvalued stock, expect drop in share price eventualy to reflect the propper valuation
When at 5p the PE was 20 at 7.50p was 30

reasons
came to market at 2p six month ago
EPS of 0.25p