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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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