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ARTICLE

Ouzo Time Again! Trafalgar Property – The Bailout Arrives at 0.08p but is it enough? Er……

2020-06-25 12:43:07

Technically insolvent AIM-listed POS Trafalgar Property (TRAF) has announced a bailout placing/subscription, courtesy of a Peterhouse special, to raise £750,000 at just 0.08p. Alongside that, there is a corporate loan restructuring which will see £600,000 of intercompany debt morphed into convertible loan notes issued to a director but still leave behind a further £1.4 million debt to said director. Well, you can’t say you were not warned…….

ARTICLE

Trafalgar Property - sale of Barnett Wood Lane, but…..

2020-06-17 11:56:54

AIM-listed serial property dog Trafalgar Property (TRAF) has announced the sale of land in Barnett Wood Lane, Ashtead for £687,500 which has seen a stonking 40% rise in the share price this morning. Good news - or is it?

ARTICLE

Trafalgar Property gets its April Fool in a day early as surely the Grim Reaper books his appointment

2020-04-01 09:17:36

The AIM-listed property disaster that is Trafalgar Property (TRAF) was surely already at death’s door but yesterday’s update shows that its board is either deluded or trying to delude investors. The last set of numbers (released at 4.23pm on the Friday before Christmas) showed negative shareholder funds of £2.9 million (quite an achievement for a housebuilder in a housing boom!). Three weeks ago it tried to dress up a hoped-for bucket shop bailout by proposing to grow tomatoes in test tubes and now we have a disastrous statement which it thinks polishes the turd – but looks more like an April Fool to me...

ARTICLE

Trafalgar Property: you’ve got to be having a laugh with this!

2020-03-11 08:46:08

AIM-listed Trafalgar Property (TRAF) has made a total shambles of being a housebuilder in a housing boom. It listed on AIM in 2013 and at the last count was sporting just £14,000 of cash as at 18 December and recorded shareholder funds of MINUS £2.9 million at the end of September in its interims released at 4.23pm on the Friday before Christmas. Now it wants to utilise its property development skills to move into hydroponics – growing vegetables in test-tubes! Oh....

NEWSFLOW ARTICLE

Red flags at (nearly) night: Trafalgar Property delivers interims at 4.23pm – and what happened to Peterhouse?

2019-12-20 08:31:27

AIM-listed property company Trafalgar Property (TRAF) has been a serial deliverer of bad news since it came to AIM and yesterday was no exception as it served up yet another round of disastrous results as it reported interims at 4.23pm in the run-up to Christmas – truly no-one-is-watching o’clock. And what happened to its sole broker, Peterhouse?

ARTICLE

Trafalgar Property: Oh Dear, £230k down the swannee, when’s the placing (or worse)?

2019-07-09 09:51:43

As discussed HERE AIM-listed Trafalgar Property (TRAF) today confirmed that it has lost its £230,000 deposit on a site in Camberley after discussions with its banks and other lending institutions failed to deliver the mullah to complete the transaction. What on earth was it doing exchanging contracts for this (and handing over £230,000) when it didn’t have the cash to complete?

ARTICLE

Trafalgar Property – 3.11pm update….uh-oh – PLACING AHOY!! Sell

2019-06-25 16:42:52

have been a bear of AIM-listed Trafalgar Property (TRAF) ever since I first wrote about it way back in 2015, when I noted that in the middle of a housing boom the fact that the company had again lost money. In April of this year I noted that it had only delivered one set of profitable accounts out of five since it listed on AIM, after the company had claimed to be well placed to deliver and claimed it was exciting times. With that background, we had an update at 3.11pm today. Of course,as Steve Moore has often noted, intra-day updates are rarely good news…..

ARTICLE

Trafalgar Property – FY trading statement shows this is a crock of….”exciting times”! SELL.

2019-04-29 13:54:26

Last time I commented on AIM-listed Trafalgar Property (TRAF) I responded to the claim it was well placed to deliver with the observation that since listing on AIM it had only delivered one set of profitable account out of five when the housing market was on fire, and that current borrowing of £3.1 million plus longer term loans of £4.9 million meant that the lenders would benefit long before shareholders. This morning we had a trading statement: how does the well placed to deliver company find itself?

ARTICLE

Trafalgar Property – full-year results: “well placed to deliver…”. Really?

2018-09-06 08:37:21

I last commented on AIM-listed Trafalgar Property Group (TRAF) back in July 2015, after it snuck out its results at 5.23pm on a Friday, announcing losses for its year to March 2015 but saying it was seeking a return to profitability in 2016 and 2017. So how has it done?

ARTICLE

Red Flags at Night: Trafalgar New Homes - results with a little help from the ShareProphets Translation Service

2015-07-18 02:20:41

Quite how a house builder manages to lose money in the current environment is a mystery to me. For the second consecutive year, £1.8 million market cap AIM tiddler Trafalgar New Homes plc (TRAF) has done just that, reporting a doubled £620,000 loss for the year (0.26p per share, a third of the bid price) to 31 Mar 2015 at no-one-is-watching o’clock on Friday (at 5.23pm). The ShareProphets RNS Translation Service has had a field day with the Chairman’s statement. Original in Bold.




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