|Trading New Homes
||EPS - Basic
||Market Cap (m)
Real-Time news about Trading New. (London Stock Exchange): 0 recent articles
|Trading New Homes Daily Update: Trading New Homes is listed in the sector of the London Stock Exchange with ticker TNH. The last closing price for Trading New Homes was 55p.|
Trading New Homes has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 0 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Trading New Homes is £0.
|topvest: Can't disagree with the points above. However, Shulman and Shapiro, put a fair bit of their own money into this company to get it off the ground. They normally do well - just look at Solitaire Group that they have sold recently. I've not bought any of these, and won't do so until things ge clearer. However, I suspect Shulman and Shapiro might start again using this as their stock market vehicle. Then again, they may not get the cash back out of their Southport investment and the company would then fail. It's difficult to gauge at the moment, but the share price fall indicates to me that things are probably not going that well!|
|topvest: I agree Currypasty. They didn't actually manage to raise the minimum:
TRADING NEW HOMES PLC
Ordinary Shares of 5p each fully paid
as the minimum was 3,296,703 shares.
NAV per share is therefore well below the current share price. They raised £2m before expenses of c.£350k. NAV = c70p by my calculation.
On the upside, it's a very strong management team. Shulman and Shapiro (the joint MD's) are also running the property manager, SOLITAIRE. This company shares in any profits made by TNH. This vehicle could be successful, but it's now over-priced imo. I hold shares in Solitaire and have done for a few years. Think this is the better bet for now. Might be interested in this one though at below 50p.
Interestingly, they tried to float a similar vehicle 2/3 years ago, but couldn't raise the minimum and it fell through! Almost the same again, but it looks the terms of the offer were amended and they managed to list on AIM 2 months later than originally planned.|
Trading New Homes share price data is direct from the London Stock Exchange