Trafalgar Property Share Discussion Threads

[cammy3] 24/11/2013 13:45

Looks like Edenbridge now sold out completely. Let's hope it's been a busy weekend at oakhurst. An update or interims this week would be very welcome.

[babbler] 23/11/2013 22:36

Apparently natwest financial info says they are Monday.

[zed2002] 23/11/2013 22:05

Possibly Tuesday or Wednesday. Last Interim was on 27th November 2012

[cammy3] 23/11/2013 20:35

Results are not on Monday blabber. Don't know where you got that from.

[cammy3] 22/11/2013 15:03

Babbler are results def Monday?

[cammy3] 22/11/2013 14:59

Hopefully a few plots sold this weekend too

[babbler] 22/11/2013 12:52

I bought in this am for Mondays results. Not to be seen.

[dwalton] 21/11/2013 13:41

The PE ratio is usually interpreted as a measure of confidence in a co's growth prospects for the future.

With TRAF, I would speculate that their PE will settle at around *15 if Staplehurst outline planning permission is denied. That would leave a deficit in "future" plans which would need to be filled.

If it is granted, I would expect the PE of TRAF to rise to around * 25.

This is because this development alone(53 units eventually in total), represents sufficient opportunity to grow the company through to the end of the 2015/2016 fiscal year.

Crucial to the future of TRAF forward from here, this could make the difference between an share price of (using lowest figures) 9p per share (£1.4m * PE of 15) to 15p per share (£1.4m * PE of 25).

That's how I invest. Good luck to all and DYOR.

[dwalton] 21/11/2013 13:06

I agree with Cammy pyemkay.

The company is on course to meet all of it's stated objectives at the time of the float, principally a 2013/14 net profit of (variously reported) £1.4m to £1.65m.

Forgetting some of the exceptionally high PE's currently enjoyed by larger house builders, a modest PE of 15 - 20 seems entirely achievable - indeed, it is currently sitting on a PE of 19.

On £1.4m * PE of 15 (lowest)this would value TRAF at £21m, approx. double todays mkt. cap. i.e. 9p bid. Any improvement on these minimum figures to mid-range could take it to as high as 3 times current mkt. cap.(£33m - i.e. £1.65m * PE of 20).

It isn't great science or magic, just maths, but we will need to see confirmation that these results are being achieved not just speculated about, before we will see significant rises in the share price

[pyemckay] 21/11/2013 12:23

why 10p cammy? can you tell me the driver for the share price growth so quickly? you are picking numbers out of fresh air again .

[cammy3] 21/11/2013 06:36

Nothing has changed here. Great play into the housing sector. 10p in due course

[zed2002] 20/11/2013 18:52

Doobster,

I wouldnt worry of daily swings here and there. Trust me mate this will be 8-10p in coming months.

Why you say?

1. Interim results will state revenue/Profit Made, how many houses sold so far or in discussion to be sold.

2. Planning permission status on major project. Now this one is the key. If planning is approved then you can forget 8-10p range.

[look alive] 20/11/2013 17:20

I think this share is suffering from having raced up to 8p in early deals(from the 2p placing price.) The current level looks more realistic but still IMHO needs profits of at least £1.4m to justify the £11m capitalisation. Borrowings are high and the current land bank needs replenishing quite quickly. The Johnson family did quite well for themselves when their previous vehicle ,Propan, was taken over by Oakdene, but those who took Oakdene shares saw the company go bust a year or two later. Still , Trafalgar is operating in a prosperous area and current conditions could hardly be better for housebuilders.

[doodlebug4] 20/11/2013 16:46

And the prize for the 2nd most asinine comment on this thread so far goes to ---

"doobster78 14 Nov'13 - 08:31 - 630 of 694 0 0


Pretty sure with a fair wind and a few ramps this will double inside 3years for sure"

[doodlebug4] 20/11/2013 16:25

You might be forgiven for posting the most asinine comments to date so far on this thread.

[blueball] 20/11/2013 13:46

Support just gone.

[pyemckay] 19/11/2013 12:34

cammy, Is there support at 5p ? do you have access to the level 2 orderbook? would appreciate your thoughts.

[doodlebug4] 19/11/2013 12:34

Update soon I'm sure Cammy - the best things in life are worth waiting for ---------!!:-)

[cammy3] 19/11/2013 11:52

Good support at 5p level. Can we have an update please

[doodlebug4] 18/11/2013 14:40

Agree with you zed, there are only 5 properties/plots left for sale on rightmove & Savills websites.

[zed2002] 18/11/2013 13:58

To be honest i think they have sold more than 3. Maybe just paperwork etc that needs to go through before they can update the website.

Plot 8 i had it down for sold on my spreadsheet last week and just been updated on website.

[cammy3] 18/11/2013 12:38

I would like to hear an update from the co. I believe interims are due this month.

[doodlebug4] 18/11/2013 11:50

I must admit I don't read the top info thread Cammy, so I never know which share is flavour of the day with day traders!

[cammy3] 18/11/2013 11:14

Hopefully the day traders from top info board have departed now and leave this to hit the ceiling in a controlled manner.