Trafalgar Property Share Discussion Threads

[vivgav] 21/10/2013 09:13

135k Buy

Anybody go to the open weekend?

[vivgav] 18/10/2013 17:11

Yep....great eh :-)

[doodlebug4] 18/10/2013 17:05

This one is still very much under the radar vivgav, once it starts reaching a wider audience the share price will surely go North. It's just a question of patience for existing holders, after all it was only floated on 16th July.

[vivgav] 18/10/2013 16:42

Well, TEF certainly came out with the numbers this week.

House builders looking good.

[doodlebug4] 18/10/2013 16:28

On a flier right now, this could really go North next week following on from the open day tomorrow.

[dwalton] 18/10/2013 08:38

IMHO I think Topinfo is correct that, based on what is currently "known", the mkt cap should be in the region of £25m. However, the real "game-changer" here is whether they are able to gain planning permission for Staplehurst.

This is for 53 units, and, if granted, will demonstrate the ability of the company to continue on a growth trajectory in the future.

Once this issue is put to bed, the stock should re-rate to a higher p/e of around 25 (up from current 18). This, and expected profits of £1.5m+ for 2014, should take the mkt cap up to around £37m within the year. This represents a significantly higher share price of around 17p/share.

Without this planning consent, where are they going to go from here? Current expectations should see a price of around 11p within 10 months or so, but if future prospects are limited by having to build developments of the odd 2 - 10 units per location, that isn't a formula for continued future growth.

[topinfo] 17/10/2013 14:47

Yes I meant the mkt cap £25 million which is around 11p per share

[vivgav] 17/10/2013 14:45

TEF going well again today ....350p now

Anybody going to the open weekend, this weekend ?

[dwalton] 17/10/2013 14:44

bb, I think topinfo is referring to mkt. cap.

[blueball] 17/10/2013 14:04

I think you mean 25p surely.

[topinfo] 17/10/2013 14:02

Some nice big buys today. This is far too cheap here. I think £25 million is about right price tag on this right now. In booming sector and things getting better all the time.

[nw99] 15/10/2013 13:56

Just added at 4.45 bargain price I think

[vivgav] 15/10/2013 07:06

Yes superb RNS from TEF

[swizz] 15/10/2013 07:05

Solid news from Telford this morning, further underlines the sector buoyancy and also the undervalue at TRAF............GL S

EPIC - TEF

Outlook

The Board is pleased to report that it anticipates that profits for the year to 31 March 2014 will be significantly ahead of market expectations due to substantially improved margins and profit from affordable housing contracts on sites acquired ahead of schedule.

The Group is now 100 per cent sold in terms of the open market homes expected to legally complete in the year to 31 March 2014, over 70 per cent sold for 2015 and over 55 per cent for 2016. This forward sales position, an enhanced development pipeline and the strong fundamentals of the London property market are all reasons to look forward to the next few years.

Jon Di-Stefano, Chief Executive of Telford Homes, commented: "Telford Homes remains in an excellent position with profits in the year to 31 March 2014 anticipated to be significantly ahead of market expectations. In the period, the Group has been active in acquiring new sites which has enhanced our development pipeline and this, coupled with increasing margins and our forward sales position, will allow the Board to continue to grow the business over the next few years."

Link.......

[swizz] 12/10/2013 17:45

Cheers vivgav - lots of good news flow around the sector........GL S

[cammy3] 12/10/2013 17:15

Great stuff vivgav. Let's hope trafs sites are busy this weekend