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Trafalgar Property – “debt consolidation”, but it to make little difference?

By Nigel Somerville, the Deputy Sheriff of AIM | Monday 11 July 2022

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 released a statement detailing a debt consolidation which will offer some comfort to shareholders as they consider the negative net asset position of MINUS £3.3 million and negative net current asset position of MINUS £345,000 as at the last results (interims to September 2021). But I fear that it will make little difference.

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