By Nigel Somerville, the Deputy Sheriff of AIM | Wednesday 11 March 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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....
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