Trafalgar Property Share Discussion Threads

[tyranosaurus] 22/6/2014 12:36

This is a very small company which does not appear to be being run very well.

It should delist. There are far bigger and better house building companies around that are not listed.

[uncle john] 20/6/2014 20:14

Perhaps one sale will start a trend?

[salpara111] 12/6/2014 22:39

Well, they appear to have finally sold one of the outstanding 7 homes at Oakhurst which leaves only 6 to go!
The market does seem to have cooled down somewhat.

[iberithi] 12/6/2014 16:00

Like a fool I topped up again today.

[kmann] 29/5/2014 13:08

No shoortage of buyers here. Just anounced the help to buy scheme not a cause/threat to house price boom.

[salpara111] 27/5/2014 12:04

Funnily enough I checked the Savills website again about 5 days ago and they still have 7 houses to sell at Oakhurst so clearly they are overpriced which means there is a real danger of them taking a bath to get them sold and without sales they have no cash flow.
The thing that is amazing is that the share price is still above the listing price.
I am now going to take these off my monitor, good luck to all those on board.

[bad robot] 27/5/2014 11:54

oh

I am buyer @ 0.1p for the dead cat bounce

[cammy3] 27/5/2014 07:29

Shocker. Must be running out of cash

[salpara111] 04/5/2014 17:40

Just checked the Savills website and they still have 7 houses to sell at Oakhurst 6 months after completion which would suggest to me that regardless of the garden issue they are overpriced as houses in that part of Kent around the 500-600k level should sell in no more than 3 months.
Dont forget that the share price is still above the float price so in reality the stock has not performed badly.
I am still watching this one but wont move until I see all the Oakhurst houses sold. I am also concerned about what they have in the development pipeline

[iberithi] 03/5/2014 03:06

Had a lot of expectations on this share. Bought on almost every down since 6 pence, except today. Hope I don't regret!

[blueball] 02/5/2014 14:30

Down again to a new low .

[grlz] 03/4/2014 11:54

Mort - true, the story hasn't change much and still rests on Johnson's track record of building a small house builder into something attractive enough to become a target for a regional house builder to consolidate as economic conditions improve. Thats a few years down the line, but the business at the moment is well placed now HtB has been extended to 2020.

[mortimer7] 01/4/2014 15:32

From RNS 22nd Aug 2013 : "Mr Johnson confirms that he will continue to support the Group for its anticipated needs for the next two years".

[grlz] 01/4/2014 14:04

Mort - depends upon how you read the update. The loss of the 'investor buyer' could cause a few problems down the line. The immediate problem is properties will now have to be sold piecemeal, this will obviously take longer causing liquidity issues that may impact TRAF's ability to fund project starts elsewhere.

TRAF like most developers is using Help to Buy to drive sales

The 8 properties intended for investor sale may not have been included in TRAFs original Help to Buy allocation. If so, TRAF will need to resolve that issue for the 2014/15 period. This may not be straightforward as the 2014/15 contract has not been released to small developers like TRAF yet. (TRAF is probably to small to access direct the Help to Buy IMS, instead working thru the Local Help to Buy Agent who administers the scheme).

Third problem: Help to Buy IFA's are sending the majority of buyer mortgage applications to Halifax for approval as Halifax are saying yes more than no at the moment. Halifax will only lend to a max 30/40% exposure per development site meaning TRAF's IFA will need to pitch mortgage applications to banks with harder terms increasing the risk of mortgage application rejections / sales falling thru.

[maryhopkins] 01/4/2014 13:15

Lets all laugh at Stockonomist AKA dontshootthemessenger AKA whereareallthemugpuntersyachts AKA 123Trev!!!!!!! Not only does he have a weak brain and hand on his Long at CCE (8p to 3.5p) hes also got a weak brain and hand on his short with TLY!!!!!!! What a CON-ARTIST LOSER MUG!!!!!!!!

Please also see the following BB by the excellent Loverat, especially posts 2 & 10 about how Stockonomist operates.....

[stockonomist] 01/4/2014 13:11

Should surely collapse below that price given the profit warning

[salpara111] 01/4/2014 12:55

Glad I didn't buy, if it drops back to the float price of 2p I would take some.

[mortimer7] 01/4/2014 10:20

Very straight forward & honest update. Don't see an issue - essentially profits are just occurring in a later financial period than anticipated. Delays might even be beneficial given the past few months property price rises & as the vast majority of shares are in private hands it's not as if II's are involved to drive down the share price

[stockonomist] 01/4/2014 09:55

Profit warning

[nw99] 01/4/2014 09:39

Not so bad

[laythedraw] 26/3/2014 13:17

I obviously have little idea as to the time scale you guys are investing to, but this stock remains a value buy - no shadow of a doubt. The EY and ROCE are right up there in the sector and don't forget that they plan to issue dividends this year. Never pleasant to watch sellers driving down the price (unfounded fear, in my opinion), but my suspicion is that patience will pay off big time with this one.

[nidgeyr] 25/3/2014 13:51

Aye Pye - and there's no mention of the site on their website!!

[pyemckay] 25/3/2014 12:11

interesting nid!