Trafalgar Property Share Discussion Threads

[barnetpeter] 20/1/2020 12:14

Family homes in that area of Surrey. We are looking at sale prices of over a million each. A lot of money and potential profit for a company with such a tiny cap. They might decide to sell the land on for a big profit. Just hit top mover but a big seller is around so sliding back

[tomboyb] 20/1/2020 11:53

Some of that was paid for the rns -

[costax1654x] 20/1/2020 11:51

They got only 20k in the Accounts

[bean02] 20/1/2020 11:44

Looks like there's more to follow though. 600k market cap

[tomboyb] 20/1/2020 11:40

construction of 3 new family houses - Was it worth the RNS? -

[mortimer7] 20/1/2020 11:18

A positive.... https://www.investegate.co.uk/trafalgar-prop--grp--traf-/rns/planning-permission-granted/202001201115453330A/

[barnetpeter] 19/12/2019 23:12

Tough to know what is going on here. No cash....but lots of activity. They sold some land for 4 times the mkt cap for instance. The sold and for sale property is worth 4 million plus. But they lost 500K on the year. During the period due to the lack of activity in the market generally it was decided to rent out the remaining unsold properties, Orchard House, Hildenborough and Burnside Court, Tunbridge Wells. These properties were transferred to Selmat Limited, the wholly owned subsidiary, properties refinanced and the bank loans repaid. All of the properties have been let out on Assured Shorthold Tenancy Agreements. There was retained within the development portfolio of Trafalgar New Homes Limited, the executive detached house at Saxons, Speldhurst, Tunbridge Wells and the six houses under construction at Wellesley Road, Sheerness, Kent. Saxons has recently been sold for GBP 1.58 million and the six properties at Sheerness are complete and are now currently on the market. At Staplehurst, Kent the Company appealed the refusal of its Planning Application for an Extra Care/Assisted Living consent and we currently await the result of the Appeal. As regards the Options held by the group, planning consent has been forthcoming on two of the sites, one of which (Ewell) was sold during the period to generate a gross profit of GBP259,152; Planning consent has also been granted for a three unit scheme in Ashtead, Surrey and a sale has been agreed, which again, should show a healthy return.

[grlz] 02/9/2019 13:23

Asset stripping, or genuine moves to restructure the company's debt. Lets see what CJ does this month with the debt TRAF owes him... What is amazing is the invisibility of action by Stocks & Treadaway. They look to all intents and purposes like a couple of oddball chancers who played pied piper and now appear completely out of their depth imho

[carla 1] 10/7/2019 08:54

https://uk.advfn.com/cmn/fbb/thread.php3?id=1835949 HAHAHAHAHAHAHAHAHAHAH!!!!!!!!!

[ntv] 09/7/2019 15:57

Lucky old property developer walked away with the £230k non refundable deposit I wonder who's mate he was?? Wtf pays a deposit that is non refundable in this day and age Criminal imho

[grlz] 09/7/2019 14:22

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 11:37

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 11:33

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

[jonc] 09/7/2019 08:44

£230k gone then.

[hedgehunter2] 09/7/2019 07:28

Same Directors FROM Wren retirement who destroyed a really good company then. No surprise just history repeating itself.

[barnetpeter] 09/7/2019 07:15

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

[grlz] 04/7/2019 21:38

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 19:07

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

[hedgehunter2] 28/5/2019 16:10

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 15:37

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 15:11

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.