Trafalgar Property Share Discussion Threads

[grlz] 09/7/2019 15:22

Chris Johnson's decision to deal with Stocks and Treadaway, effectively letting them reverse Beaufort Homes into TRAF now looks to have been colossal error of judgement!


The failure to raise funds at a commercially viable rate to complete one of Stocks and Treadaway's 'retirement' options means Beaufort is now, and probably always was basically worthless.


TRAF has now wasted £230K - Money it recently raised via a deeply discounted placing.

The £2.2m TNH Loan is due for payment in September.

TRAF has insufficient funds to pay this loan facility, never mind start any new house building!! It is unrealistic to expect any funder to provide development loan facilities to progress any project until Johnson immediately clarifies what he is doing with the TNH Loan.

The company looks insolvent - reason why the lenders probably wouldn't fund Camberley site in the first place..

[ny boy] 09/7/2019 12:37

Useless why didn’t they take an option, conditional on planning and funding, exchanging contracts, surely they can be sued by the vendor for failure to complete ?

Best avoided this one imo

[tyranosaurus] 09/7/2019 12:33

Too small to be a listed company.
Should go private and save listing fees.

[jonc] 09/7/2019 09:44

£230k gone then.

[hedgehunter2] 09/7/2019 08:28

Same Directors FROM Wren retirement who destroyed a really good company then.

No surprise just history repeating itself.

[barnetpeter] 09/7/2019 08:15

Worthless. How a builder has managed to destroy itself at this time is incredible

[grlz] 04/7/2019 22:38

Clock ticking and no sign of the money yet....

Wonder if CJ will step-in and provide emergency financial support - Eitherway events over the purchase of the Camberley site have revealed TRAF has virtually no cash left to develop anything.

Shares appear to be worthless

[barnetpeter] 28/5/2019 20:07

No bit more time because they still have Johnson support and houses to sell....but disappointing to say the least.

[hedgehunter2] 28/5/2019 17:10

25% of a £1.5m Company, £370K worth of value skin in the game, on stocks, that cant be liquidated see take over agreement. 2 directors draw £60K each, there was £12K in cash, recently raised £300K from sale of some land, less tax, not much juice in the tank for working Capital, hence keep selling discounted shares.

The advisors, fees and stockmarket listing will absorb this very shortly, if stock units don't sell.

Dead by end of the year.

[barnetpeter] 28/5/2019 16:37

Not exactly a great resume....at least he has skin in the game



Full Name: Paul Arthur Treadaway

Age: 68


Current directorships Directorships in the last 5
years
Trafalgar Retirement + Limited N/A

Mr Treadaway currently owns 106,484,658 ordinary shares which represents 25.04% of the issued share capital of the Company.

Wren Estates Limited, a company of which Paul Treadaway was a director until 10 September 2010, entered receivership on 5 October 2010. There were 8 total insolvency cases with 4 ceasing to act on 4 January 2012. Wren Estates Limited is currently under receiver action.

[hedgehunter2] 23/5/2019 16:11

May I suggest everyone looks at in history of Wren Extra PLC check google, or here shareholders of Retirement group and spot the set up.

Many shareholders in Wren Extra Care lost everything.

Pump and dump, same Directors, and hey no mention of the Japanese Knotweed or Absestos on latest site purchase in Camberley, this is a risk shareholders and funders need to know, but typical lazy NOMAD brokers, and PR advisor being paid fees, so why question it.

As shareholders, maybe ask for Bristow Johnson report sent to group April 2019 for their funding exercise via Cogress who have provided a report to Cogress on the company that should be made publicly available due to risk that may concern shareholders, that has not been made available to Stock Market RNS. This is knowledge held, yet no been made available public.

I do this to post to ensure shareholders dont get winged over as before. I don't hold stock so I have absolutely no incentive apart from try prevent another basket case.

[grlz] 27/12/2018 13:55

The board has no idea what they are doing. Currently developments are being funded by bank facilities organised by CJ probably around 4%

£1.78m of completed houses have now been sold that cost 1.72m to build = £63k gross profit = 3.5% margin. That performance is totally pathetic compared with other house builders who make 30-40% margins


Now the board wants to borrow funds at 8.5% over twice the existing cost of finance to build more speculative developments that is proven to generate only 3.5% margin = TRAF have no idea what they are doing.


Build costs appear out or control or developments are being over-built vs anticipated sale prices. The judgement of the board is highly questionable given they are building speculatively and low margins that leave no ability to create profit after admin expenses are deducted.


On the surface the bonds have zero security cover and will be completely supported by shareholders equity which is being constantly diluted by placings to cover fees etc.


Basket case company that will probably go bust during 2019

[casablanca4] 23/12/2018 18:08

Thanks for input. I can't make any case to disagree. Probably sell soon before its all gone.

[casablanca4] 21/12/2018 18:55

Fund raising RNS at 430pm just before christmas.
Trafalgar Retirement + Limited
Is that the name of this company.
Whats going on. Another bloody company Ive lost patience with. All AIM seem to do now is release RNSs looking for placing. Very suspicious just after trading stopped. F---!!

[tyranosaurus] 16/11/2018 15:12

Still watching for this stock to soar !

[barnetpeter] 20/4/2018 16:38

watch this stock soar....bargain price with these sales and new partner. A few ups and downs and then one day....whoosh.

Sold a load at over 8p just after these floated...after they went up 10 days in a row.

Bought a few million back starting on 8 October 2015 at average of just 0.58p.


So volatile or what!

[moneytree1] 20/4/2018 14:57

go on Dave

hold for Large

[dave4545] 20/4/2018 14:54

Big rush for some to get in and others to get out this afternoon.

Looks good. I will continue to hold...nex trades below

20/04/2018 14:08 128,050 1.115
20/04/2018 14:07 60,000 1.115
20/04/2018 14:07 83,179 1.195
20/04/2018 14:06 515,315 1.115
20/04/2018 14:06 83,179 1.195
20/04/2018 14:03 426,837 1.17

[salonie] 12/4/2018 17:59

I have been holding these for a while now, limited downside considering the recent acquisitions and deals, IMHO.

[grlz] 12/4/2018 10:39

Management have estimated this deal will make £2m profit - add in the longstanding Staplehurst site option, which is heading into planning as an extracare application.

TRAFs current shareprice doesn't appear to include any profit from its entire housebuilding operation.

Shares now looking very cheap