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:

any one can copy and paste ( and next time try to do it a bit better I do not like to see/read - jargon -) that was from July when the stock came to market @ 2p.

do you own home work

otherwise I will believe my early thought I am talking to a beguiner with not much idea of valuation

ontheturn - I did my own homework and part of it was reading this broker's note! I don't know what a "beguiner" is, but, just guessing what you are trying to say, I have been trading shares since 2003. When I have an up-to-date re-assessment from Allenby Capital I will post it on this thread - meanwhile, with respect, while you are not impressed with my maths I am not impressed with your lack of command of the English language. :-) Next time try to do a bit better!

Up 12% today, following on from Friday's 11% gain.

To top for management.

Interest rates will stay low until Britain enjoys a prolonged period of strong growth, a Bank of England policymaker has said in a speech indicating that historically cheap credit will remain in place well beyond next year.

Spencer Dale, the Bank's chief economist, said the weakness of the UK economy and the threat of further shocks to the world economy meant Threadneedle Street would want to see a combination of strong growth, low unemployment and rising incomes before raising rates.

His trinity of targets is likely to be welcomed by mortgage payers given the flurry of reports that the Bank will be forced to raise rates next year to calm the current growth spurt.
The likelihood is that while growth has already begun to accelerate, wages are unlikely to begin rising above the rate of inflation until 2015 and only consistently by 2016 when the Bank expects unemployment to fall to its target of 7%.

Addressing a group of business leaders, Dale said the recent optimism could not be taken for granted.

"Events of the past few years may colour and contaminate business behaviour for many years," he said. In particular, he suggested that "the reluctance today of some companies to borrow from their banks may be less a lack of demand and more a breakdown of trust", which adversely effects "the efficient functioning of our economy".

His comments echo the stance taken by the Bank's governor, Mark Carney, who has dismissed concerns that it would need to respond to rising house prices with higher rates.

Dale said the housing market had a tendency to behave like a microwave, "turning from lukewarm to scalding hot in a matter of a few economic seconds", but argued that the central bank is "far better equipped to respond to these types of risks than in the past".

To counter underlying fears among many business people, who have proved reluctant to invest in new equipment and technology since the financial crash, interest rates must remain low.

Dale said: "You can plan for the future in the knowledge that the MPC [the Bank's monetary policy committee] intends to keep interest rates low until we've seen a prolonged period of strong growth, unemployment is significantly lower, real incomes are higher."

He added that his best guess is that such conditions for raising rates remain "some way in the distance".


The Guardian.

Plot 12 ( £650,000 ) at Oakhurst Park Gardens now sold STC.

TRAFALGAR NEW HOMES PLC ORD 1P 3.38 -6.89%

The over valuation did not last, low of the year

I've sold out of these for the time being - it's like watching paint dry here at the moment. I'm usually quite patient with shares, but there is a lack of newsflow from the company at this time of year when the house sales should be perking up. The Combe Bank Homes website isn't updated regularly, which suggests sloppy business practice to me.

Not much happening on the website.

My fault folks for buying a few these - maybe they may sell a chimney pot soon!! Why does everything I touch turn to lead?

3 monkies - I've just had a look at the Combe Bank Homes website and it has been updated to show 3 properties are now sold and 3 are sold STC, so at least that is an improvement!

Cheers doodlebug4., may we await a brick or the letter box being sold next. One has to try to have some sort of sense of humour.!!!!

Take a look at MAR thats a proper housebuilder.

Falling back again today.

Trading Update
RNS
RNS Number : 7063D
Trafalgar New Homes PLC
01 April 2014



Trafalgar New Homes plc

("Trafalgar New Homes" or the "Company")



Trading Update



Trafalgar New Homes, the AIM quoted property developer operating in southeast England, today provides an update on trading for the financial year to 31 March 2014, and in particular, on sales at its Oakhurst Park Gardens development in Hildenborough, Kent.



Since marketing commenced in the autumn last year, the Company has had considerable interest in Oakhurst Park Gardens from prospective buyers. The 12 unit development included planning permission for limited private garden space and a condition for the rest of the circa two acres surrounding the development to be retained as private open space for residents. Following advice from its planning consultants, the Company applied for this planning condition to be removed, which was expected to be a formality, to enable larger private gardens for each home and be more attractive to prospective buyers. Following significant delays beyond the Company's control, the application was eventually approved on 27 February 2014, enabling the Company to reignite its sales effort.



Despite the interruption, the Company had secured interest from prospective purchasers for four of the units, but could not proceed until the planning permission was amended, and these have now been converted to sales. The Company had also been in negotiations with an investor buyer for the purchase of the eight remaining units. However, after careful consideration it has been decided that it is not financially economical nor in the best interests of the Company to proceed with the proposed transaction. The Company therefore reports that as at 31 March 2014, it had sold four units at Oakhurst Park Gardens, with a further two now under offer. The Board is confident that further sales will be achieved at Oakhurst Park Gardens in the next quarter.



It had been anticipated by the Company that the twelve units at Oakhurst Park Gardens would have been sold with a view to the profit being generated being recognised in the financial year ending 31 March 2014. The effect of the unexpected planning delays and the decision to not proceed with the investor buyer has caused the Company to be able to only include the sale of four units at Oakhurst Park Gardens in the 2013/2014 financial year. As a result, the financial results of the Company for the year ended 31 March 2014 will be significantly below market expectations. It was also the Board's intention to pay a dividend as a result of sales at Oakhurst Park Gardens, but this also will be postponed and the Board will seek to pay dividends as soon as financially possible.



Elsewhere, construction work is underway on the two house scheme at Ticehurst, East Sussex and at Sheerness, Kent, contractors are pricing up the six house scheme to start construction in the near future.



At the Company's major site at Staplehurst, Kent, the planning process is being progressed and the directors are confident that planning will be forthcoming during the first half of this year. On the site at Burnside, Tunbridge Wells, the planning process is also being progressed to obtain consent for four houses on the property, to replace the six apartment scheme which the Company has planning permission for and which is expected will yield a greater profit.



Also in the pipeline, contracts have been exchanged to buy a two house development project in Borough Green, Kent, with planning permission and work on site will be starting within the next three months. In addition, negotiations are taking place to buy two further sites conditional on planning consent being granted in Tunbridge Wells, Kent (10 houses) and Matfield, Kent (2 houses ).

Hammered again today.

Hardly surprising mitzy reading that RNS, especially the second paragraph. It's quite amazing that they put houses at that price on the market and then decided that the gardens were not large enough to warrant the asking price.

See your point doodlebug.

Still falling back db.

Difficult to value this tiddler. Esp. with prospects of building a mere handful of properties. It doesn't smell like the Big League, so I wonder what credentials their Dirs have -= being happy to work for such a small Biz.
Sp is under 1p with a PE almost in double-figures; yet there's no sight of a Dividend.