Re: Allenby Capital think 400% Thanks for the link ribs. I still feel there is a need to scale the business by an acquisition or RTO.
Allenby Capital think 400% "We believe the current share price offers an excellent opportunity for investors to participate in the still buoyant house building market in the South East. Our fair value of 2p offers strong upside of around 400% but is of course dependent upon Trafalgar delivering a year with no unexpected surprises."[link]
Interest Seems we have some interest. Perhaps we have sold a house or even more exciting there may be an acquisition or RTO afoot.
AGM AGM this week, if anyone goes please update. MC less than £2m so not too many sales this year to make the pe attractive! Also could be a T/o target IMO
Recovery Good to see the SP recover. I am sure there is value here where the quote could attract a RTO. With the Chairman owning nearly 80% it is possible that a developer with a similar business model, but larger, and with more sites and looking for a quote could find TRAF a very attractive vehicle.
News I guess the news was predictable but I do feel market may have over reacted. Chairman waives interest and is supportive for another two years. Perhaps a deal could be done as they need to have a number of sites on the go.
Staplehurst No go then - still there is a possibility of building seven houses by 2017 if we can obtain the sites.
News Good news to come?
RTO What's the chance of a RTO here? There must be several private construction companies that are looking for a quote and I feel this is a prime target.
SP I think that if there was any sizeable buying the price could really move much higher as liquidity is not that good.
Re: A sell/ A buy I think it's a buy - simply because it's within 0.01 of the price I paid for a similar amout, only last week - except that my trade never showed up, either on L2 or elswhere.glm
A sell It looks as if some one has given up. Not too sure why as I feel its an ideal vehicle for a larger unquoted builder/construction company to effect a RTO with its low cap and shareholder base
Any news Any news yet on any sales or any progress. Seems as if we are the only house building company not building/selling. Anyone know if there is anything to report?
Any Sales Any sales or progress? Anyone in touch with the company?
Potential With the housing sector moving forward the next few months may see TRAF used as a vehicle for a bigger player. Any thoughts?