Trafalgar Property Share Discussion Threads

[look alive] 02/12/2013 17:00

Funny,I was told not tomorrow after all. I don't see this as a trading situation anyway.

[babbler] 02/12/2013 15:56

Tomorrow that is...

[babbler] 02/12/2013 15:56

No we don't. Another email on lse saying back to Tommy. Great way to keep traders away! Lol.

[dwalton] 02/12/2013 13:48

Yes, well done moreforus. We have a clear answer now.

[euclid5] 02/12/2013 11:36

Thanks for that update

[moreforus] 02/12/2013 08:49

ChasPB
Posts: 117
Off Topic
Opinion: Strong Buy
Price: 4.25
Interims announcement

Fri 23:50

Received an E-Mail advice from TRAF advising Interim Announcement will be on 16th December

[dwalton] 02/12/2013 08:44

thnx babbler.

[babbler] 01/12/2013 22:12

Dwalton that is supposed to be an mm code for keep trading it sideways. Kinda fits as it ticked up after the large buy and straight back down. Could sell at 4.25 for around 30 seconds. I know as was continually trying to get sell quotes towards close Friday. Sad I know! But had got annoyed about crv and was considering selling everything. Bad mood!

[dwalton] 01/12/2013 11:50

There does seem to be variation as to the reported date that interims are due, I have seen 3/12, 6/12 and 16/12.

Different platforms reporting differing dates. I suppose we will just have to wait and see which (if any) are correct.

[cammy3] 01/12/2013 09:33

Let's have some news please.

[purple11] 30/11/2013 23:32

interims apparently out on 6th dec.

[look alive] 30/11/2013 14:23

Interims are due on Tuesday 3rd.

[rosco40] 29/11/2013 23:10

Interim release date is currently scheduled for 16th Dec.

[dwalton] 29/11/2013 20:57

Babbler?

Sorry, way over my head?

[babbler] 29/11/2013 17:15

400 code towards close.

[dwalton] 29/11/2013 16:27

8-) It's a step back to free market forces determining interest rates and hopefully an end to prudent savers and retirees having to subsidise a "cheap money" policy. - Rant over, I'm going to curl up quietly in a corner now!

[moreforus] 29/11/2013 16:13

lol dwalton i stand corrected

[dwalton] 29/11/2013 16:12

Moreforus, sorry, incorrect. The "help to buy" scheme remains. The 20% Govt. guarantee is still available and will be for a total of 3 years minimum from introduction ('till October 2016 I think).

What has been withdrawn, is the government providing the balance of the mortgage funds to the Bank/Building society/Lender at a preferential rate of 0.5%.

The Bank/Building Society/Lender was and is still liable for any lending taken at these preferential rates, but it relieved them of having to find retail savers to fund the mortgage.

The necessary equilibrium had gone. Instead of having to pay decent rates to savers, or give cheap mortgages, the lenders were "having it off" by making historically excessive margins. It removed any need to pay decent rates of returns to retail savers.

[euclid5] 29/11/2013 15:26

this doesn't affect the prime expensive prop market - TRAF is not so much involved in that market, I don't think o anyway

[moreforus] 29/11/2013 15:21

interest rates arent going up - the government underwriting 20% of a deposit of 25% scheme is going...ie market is off lifesupport as its doing well....

[euclid5] 29/11/2013 15:19

really - so all property is now going down in value because interest rates re now going up soon?

[look alive] 29/11/2013 15:16

Interim results due next Tuesday. I would expect profits to be skewed strongly to the second half.

[euclid5] 29/11/2013 14:59

a nice 250,000 buy at 4.3p - so that's why the mm's brought this down

[salpara111] 29/11/2013 09:32

Lagging data so not surprising.
The government change is expected to put about 50 basis points on an average 5 year deal which is probably exactly what is needed to halt the current price rises that are unsustainable given that they are well in excess of average earnings but not a big enough rise to cause price drops and the concurrent loss of confidence by new buyers.
Most of the big house builders are trading at pretty high multiples so it was hardly surprising that they dropped like they did.
I feel that the current share price here includes a positive update, people seem to be forgetting that the shares were placed at 2p so are up over 100% at current levels, in addition, if the market is no longer factoring in ever increasing house prices then forward estimates will be brought back.

[moreforus] 29/11/2013 08:26

UK House Prices Rise Again
Print
Alert
LONDON--U.K. house prices rose at the fastest annual rate in more than three years in November, a survey found Friday, supporting the Bank of England's view that home prices are rising too fast.

U.K. high street lender Nationwide's monthly house price index--which is based the value of the new mortgages it provides each month--rose 0.6% on the month and by 6.5% on the year in November, pushing the average U.K. house price to 174,566 pounds ($284,315).

In October, Nationwide said house prices rose 1.0% on the month and by 5.8% on the year.

"Activity in the housing market has picked up strongly in recent months," Nationwide's Chief Economist Robert Gardner said. "Policy measures aimed at keeping down the cost and improving the availability of credit are also playing an important role. Indeed mortgage rates have declined significantly from the already low levels prevailing last year."

The figures come less than 24 hours after Bank of England Governor Mark Carney announced that the Funding for Lending Scheme would be withdrawn for mortgages in January 2014. The FLS will remain open for business but will focus solely on business lending and continue to provider banks who choose to increase their lending to companies access to cheaper funding in order to help increase the flow of credit to small businesses in particular.

In the meantime, Mr. Carney and the Financial Stability Committee said at the twice yearly financial stability report that the housing market no longer needs that level of support as activity and prices are both rising.

"Given the access to credit for households now, particularly for mortgages, it would no longer be appropriate or necessary to have our foot on the accelerator. It is better to shift into neutral," Mr. Carney said.

The Nationwide survey--along with other housing market data--supports the BOE's view and increasingly hawkish comments on the recent run of rising house prices.

While the average house price reported by the lender is still some 6% below the peak reached in late 2007, the central bank's early intervention shows how serious they are in their attempts to avoid another house price bubble so early into the U.K.'s economic recovery.

"The move to end FLS support seems eminently sensible and we believe that it is very important that the Bank of England is prepared to take further action to rein in the housing market if prices rise markedly amid ongoing strengthening activity," said Howard Archer, chief U.K. and euro zone economist for IHS Global Insight.

Write to Ilona Billington at [e-mail]