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:

Biggest riser this am.

Why?

Growth sector at the moment.

robstuff - this article from The Express two months ago:


Trafalgar winning a battle for growth

TRAFALGAR New Homes is laying the foundation for growth with a move from ISDX to Aim.



By: David Shand


The South-east-focused company is raising up to £1million and will have a market value of about £6million when it steps up next month.

It is headed by Chris Johnson, who has been on the board of various quoted housebuilders and was at the helm of Aim-listed builder Honeygrove, when it was sold for £9.4million to Oakdene Homes in 2004.


Trafalgar’s move, which will attract investors and help it raise extra capital when required, comes at a time of improving conditions in the housing market and it has made “good progress” over the past year in its Kent, East Sussex and Surrey heartland.

Annual pre-tax profit is forecast to be at least £575,000. Johnson said: “I have been on Aim before with Honeygrove. It raises the profile and generates interest and value, as well as enabling one to look at strategic acquisitions.

“I am very bullish. We are fortunate to be in the South-east. It hasn’t been immune to the downturn and hasn’t been able to maintain its position the way central London has but it will lead the move out of recession. There is only one way to go in housebuilding. There will always be blips but there is a lack of supply and increasing demand.

“Support by the Government through scheme incentives and funding for lending make a difference. The feelgood factor is back.”

Trafalgar is building 15 houses this year and 20-plus next year.

They sell for around £500,000.

Bought in at 6p first thing this morning.. thought I'd paid too much but happy now that the sp has gone up nicely!

Nice profit already then skyhigh - selling price at the moment is 8.05p.

Yes, not bad.. very pleased.. this should be very good long term wise...
I could only get 25K shares (available spare dosh) so small outlay,,, wasn't easy to get them.. couldn't buy them online first thing so had to phone broker..still, I'm in..onwards and upwards...

I just hope that they are not that difficult to sell when the time comes. I notice that the spread is often between 15 - 20% which is something that puts me off atm.

MM's keep messing around with the spread HARRY. It didn't take many buys to send the share price North and it will not take too many sells to send it down again, as we are seeing this morning. New admissions to AIM some times take a while to settle into a trading range, so TRAF could be quite volatile in the meantime. I'm not selling as I think the future prospects for this company look promising - as does the housebuilding sector generally. imo

The person who sold at 4.75p this morning either doesn't have a good broker, or he/she was desperate for money and pressed the panic sell button! An impressive trading update from Inland this morning - in the same sector and the same part of the country as TRAF.

I'm holding from sub 3p and not in a hurry to sell remember you cant go far wrong with bricks and cement.

mitzy especially when they plan to build 15-20 houses per year.

Not easy to buy at the moment, except in very small amounts and at a premium to the asking price of 7.5p.

That person who sold @4.75p this morning must be a bit sad after the event.

Absolute madness to sell at that price this morning mitzy, the seller got completely mugged by the mm's.

The Government incentive to help first time buyers, which was detailed further by George Osborne today, specify new homes up to the value of £600,000 - good news for TRAF as their new homes have an asking price of £500,000.

Stalemate here at the moment - MM's can't get any sellers @ 7.2p and there is no stock around for buyers @ 7.9p. :-)

Final results due in August, no fixed date yet, so they could be as early as next week.

Buyers returning after yesterdays sell - off.

Just for info, mitzy and any other holders - this is still being traded on isdx.com, so the prices you see on Moneyam are not the only trades going through each day.

Thanks for that d.