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:

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.

Analyst information published on the TRAF website makes positive reading, this is just a small extract:

"Firm revenue visibility for 2013/14 and growing earnings profile – In its RNS announcement of 23 May 2013 TRAF forecast that profits for the financial year to 31 March 2013 would be not less than £575,000 and we are projecting this to rise to £1.4m for FY 2014 and £1.6m for FY 2015. The properties scheduled to contribute to the 2014 period are nearing completion and will shortly be entering the marketing phase, thus significantly reinforcing our earnings conviction for the current year."

Biggish fall today for no apparent reason.

One buy and a few sells on isdx today mitzy. The good news is that the prize muppet on the ad--n bulletin board has started posting on the TRAF thread - he was shorting TCG all the time it was going North, so I'm hopefull he will have the same effect on TRAF ! I'm still holding and waiting for the results which are due this month.

Good news from the housing market and it should reflect in an upbeat statement from the chairman of TRAF when the results are announced. Newly built homes in demand.


Taylor Wimpey yesterday hailed a ‘meaningful improvement’ in the housing market as demand for new homes hit a record high.

The builder, which has benefited from Government schemes to support homebuyers such as Funding for Lending and Help to Buy, said it has orders for 7,378 homes worth £1.3billion on its books.

It came as it reported an 11.1 per cent rise in sales for the first half of the year to £1billion and a 42.1 per cent jump in profits to £109m as it sold more homes at higher prices.

Rightmove, Britain’s most visited property website, provided further evidence that the housing market is on the mend with a 16 per cent rise in half-year revenues to £67.2m and a 15 per cent increase in profits to £44.6m.

Taylor Wimpey chief executive Pete Redfern (pictured) said: ‘During the first half of 2013, there has been a meaningful improvement in the housing market, with more positive consumer sentiment, a more available and affordable mortgage market, and the presence of government schemes all adding to the favourable outlook.’

He said around 1,300 newly built homes have been reserved under the Help to Buy initiative which offers government loans to house-hunters with small deposits.

Buyers gradually coming back in after the sell off and this is the narrowest the spread has been since it started trading on AIM - currently 5p bid, 5.50p offer.

Full offer price now being paid on ISDX - warming up.

House prices rising in more areas than at any stage since 2006 peak with government schemes boosting prices across the UK

Read more: http://www.thisismoney.co.uk/money/mortgageshome/article-2391172/House-prices-rising-areas-stage-2006-peak-government-schemes-boosting-prices-UK.html#ixzz2bqxkNO79

It has to be a worry that the government is creating another bubble in a housing market that didn't fully deflate.
2517

I agree 2517 and it seems that young people these days want to buy a brand new home rather than buy something which needs refurbished.

doodlebug4----My 1st house was a brand new home, the difference back then was that they weren't fully kitted out like they tend to be now. All the appliances and furnishings are effectively taken on a 25 year mortgage.
2517

Results out .

22 August 2013
TRAFALGAR NEW HOMES PLC
("Trafalgar" or the "Company")
FINAL RESULTS FOR THE YEAR ENDED 31 MARCH 2013
NOTICE OF ANNUAL GENERAL MEETING
Trafalgar (AIM: TRAF), the residential property developer operating in southeast England, announces its audited results for the year ended 31 March 2013, a period which has seen a 196% increase in profit before tax.
Highlights
-- Strategic move from ISDX to AIM in July 2013 -- Profit before tax of GBP617,976, a 196% increase from last year (16 months to 31 March 2012: GBP208,619)
-- Revenue of GBP2,205,786 (16 months to 31 March 2012: GBP2,346,404) -- Losses carried forward from previous years have reduced the tax charge for this financial year
-- Work completed at Edenbridge site and sales contributed substantially to this year's profit -- Oakhurst Park Gardens development completed and marketing for sale to commence this September
-- Acquired sites in Ticehurst, East Sussex and Tunbridge Wells for development
-- Option entered into in respect of land in Staplehurst, Kent. Planning permission pending James Dubois, Chairman, said: "As our first results announcement on AIM, I am delighted to report such positive news. We have worked hard to put Trafalgar New Homes in a strong position as we aim to take advantage of an improvement in the sector. We are optimistic about the future prospects of the residential property market as activity has started to increase which we believe will benefit the Company over this year and next."
The Annual Report will be posted to shareholders this week, together with a notice of Annual General Meeting to be held at 11.30am on 18 September 2013 at the offices of Allenby Capital Limited, 3 St Helen's Place, London EC3A 6AB. The Annual Report and notice of Annual General Meeting will be available tomorrow on the Company's website, www.trafalgar-new-homes.co.uk.

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