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:

Do you mean this month or October mitzy? :-)

Yes I mean for October.

Could be a good few months with the housing market buoyant.

Another plot sold at Oakhurst Park Gardens stc for £575,000.

Another open day on 19th October -10 plots left for sale at an average of approximately £585,000 each.

Nothing to report here.

Just ticking up nicely the last two days and the chart is looking better now.

There is a lot to like about this company I think, apart from the fact that it's based in this country! We don't get an endless stream of meaningless RNS statements and, to my knowledge, we don't have a CEO/Chairman posting a load of nonsense on Twitter or promoting his own ego. The potential here is just beginning to reach a wider audience, which has its positives, but the negative is that it may start attracting day traders. Still cheap at the price.imo

www.trafalgar-new-homes.co.uk

tiny builder market cap circa £12m, 80% of shares owned by a mr. Johnson, take care!

Mmm. I dabbled a couple of weeks ago in these, making £100 at the moment - thinks to myself could be another Galliford which I sold at 50p ish and within days they escalated and look where they are now. Life in every aspect is a gamble and nobody knows better than I.

Not much happening here... guess it will be news driven.

Barclays has become the latest bank to announce it is signing up to the government's Help to Buy scheme.

This means about two-thirds of lenders in the UK's mortgage market have said they will sign up to the project.

The government's initiative is designed to allow those who can afford only small deposits to buy a home.

The move leaves Nationwide Building Society as the UK's only major mortgage lender yet to decide whether to join.

Barclays has not yet published details of any rates or timing of mortgage products that fall under the Help to Buy umbrella.

"We are pleased to confirm that Barclays will participate in the Help to Buy mortgage guarantee scheme," a spokesman for the bank said.

Under the latest phase of the scheme, buyers across the UK only need to provide a small deposit, with the government offering a guarantee of 15% of the loan to the lender - for a fee - to encourage the bank or building society to offer the loan.

That fee charged to the lender is up to 0.9% of the original loan level. This is a one-off fee dealt with entirely by the lender, which guarantees 15% of the mortgage for seven years.

Borrowers who apply will face checks to make sure that they can afford the mortgage payments.

The scheme will be available for first-time buyers and home movers borrowing to buy new and old homes valued at no more than £600,000. It is expected to continue for three years.

Products are already on the market from RBS/NatWest and the Halifax, with Santander, HSBC, Virgin Money, Lloyds, TSB and Aldermore all saying that they will start offering products by the start of January.

The government has said that the scheme will correct a problem in the market that locks out a number of tenants paying high rents and unable to save enough for a deposit, even though they could afford mortgage repayments.

But Labour said the focus should be on house building, to correct a lack of supply of affordable homes.

The latest news of Barclays' participation comes as mortgage lenders reported that the number of first-time buyers was already growing quickly from a low base.

The Council of Mortgage Lenders said that the number of loans approved for first-time buyers rose by 33% in August compared with the same month a year earlier.

And your point is?

If you don't see the connnection then you don't have a clue about the housebuilding sector. Just try joining the dots together.:-)

A 33% increase in the number of first time buyers as the market hots up..Daily Mail.

Buying properties they can't afford.

How do you know they can't afford them blackdown? What percentage of first time buyers would you say buy properties they can't afford? Surely it's a duty of mortgage lenders to make sure they don't tie clients into mortgage deals they cannot possibly afford.

Agree with you 100% .


target price here is 12p.

It could end up another GRFD - more wishfull thinking on my behalf.

This ones against the trend today with house builders doing well 3 monkies, 7% down any specific reasons as I was getting interested in going long.