Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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i agree with earl potential for a multibag is here at such a low mcap look what happened to sta recently did 500 percent in a day all imo of course
They have mortgages on all of their developments. Also given current market conditions they could risk entering negative equity. They acquired the sites via a loan and borrowed to cover build costs
They only own a shed, placing around the corner at 0.10
Dec RNS
Selmat sold one of its investment properties at Burnside in May 2022 for £337,000 and are continuing to actively market its remaining property although Flat 2 is under offer at £325,000 with the survey and mortgage valuation already having been carried out. In addition, an offer has been accepted in principle on Orchard House for £1,050,000 but the prospective buyer has yet to sell their property.
Following the period end, November 2022, the company acquired a hydroponic research and development facility as part of its long term plan to facilitate its hydroponics strategy.
shenner
what are you on about?
when you sell a property why you need to borrow?
Does not make sense.
Read Rns again
Omg please ignore tosh there are huge borrowings to fund these sites. Please disregard anything the earl is posting
TRAF £400k Mcap cap, and Awaiting the £1.3M cash from its 3
2 property sales.
*no issue regarding going concern *
Read Dec RNS
Selmat sold one of its investment properties at Burnside in May 2022 for £337,000 and are continuing to actively market its remaining property although Flat 2 is under offer at £325,000 with the survey and mortgage valuation already having been carried out. In addition, an offer has been accepted in principle on Orchard House for £1,050,000 but the prospective buyer has yet to sell their property.
Following the period end, November 2022, the company acquired a hydroponic research and development facility as part of its long term plan to facilitate its hydroponics strategy.
Based on their assessments and having regard to resources available to the entity, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.
A summary of activities in the 6 months to 30 September 2022 for the Group are as follows:
- Trafalgar New Homes secured funding from Lloyds Bank plc in May 2022 of £387,600 to purchase a development site in Speldhurst which completed in July 2022. This is a single site with full planning for a single detached house and we are currently awaiting building regulation approval prior to appointment of a contractor.
- Retirement+ has recently been granted planning permission on a site in Leatherhead where we hold an option to acquire the site. Work is now underway to assess the viability of carrying out the development, given the increases in costs the market is experiencing, or to onward sell the site as is with planning permission.
- Selmat sold one of its investment properties at Burnside in May 2022 for £337,000 and are continuing to actively market its remaining property although Flat 2 is under offer at £325,000 with the survey and mortgage valuation already having been carried out. In addition, an offer has been accepted in principle on Orchard House for £1,050,000 but the prospective buyer has yet to sell their property.
Following the period end, November 2022, the company acquired a hydroponic research and development facility as part of its long term plan to facilitate its hydroponics strategy.
Paul Treadaway
Chief Executive
CEO has the glorious opportunity to take TRAF into Vertical farming for vegetables without using soil, that's what's HYDROPONICS is all about.
with supermarkets shelves looking dire, Empty shelves, it's time to invest big on HYDROPONICS!
GLA and Dyor
surprised the mcap still so low
that's great find Kwota, thanks.
with food shortages due to weather, climate change, war farming, its really is a no brainer for the likes of TRAFALGAR TRAF to attract big investment to take this tiny mcap company to the next level.
He is yes. Have a look at when they announced the hydroponics investment. They basically bought the facility of him and also made him a director. Have a look at his website: https://www.maybarnconsultancy.com/
There is a whole bit on tomato growth ect.
kwota
is Dr Paul part of TRAF company?
And I know Dr. Paul Challinor actually specialise in tomato's, doing R&D around better varieties etc. Tomato's being one on the shortage list......
Paul Treadaway, Managing Director of Trafalgar, commented:
"The acquisition of this dedicated research and development site is a step in the Company's plans to facilitate its vertical hydroponics strategy, with opportunities for research relevant to food, cosmetic and pharmaceutical products.
This is an exciting development for the Company and I look forward to being able to update shareholders further in due course."
Food shortages: The perfect storm that led to UK supermarkets rationing fruit and vegetables
Traf with £400k Mcap is no brainer
Someone is selling their holding today.....we need some news.
Please let me know if they come back to you. There is no reason why it should take so long to answer basic questions and perhaps the NED need to do some more due diligence.
I'm also waiting for updates on this construction project they allegedly started and 2 property sales which should be en route to completion.
I also noticed that Paul is still running his gin company, no doubt also using the facilities and equipment that we've paid for, so your concerns are very much warranted.
My email to them on the 5th Jan :
Furthermore is there anyone that could help with some questions i.e. the recent investment into the Hydroponics R&D facility?
I see the facility was purchased via a subsidiary (Life Hydroponic Assets ), that is 100% owned by TRAF. However a company with a similar name (Life Hydroponic Ltd.) was also set up by some of the TRAF directors, with no reference to TRAF.
Is it possible to get clarity as to the difference between the 2 companies and the purpose? I guess I want to understand that the asset company isn’t just there to hold the assets in and that all intellectual property is owned by the other company? I want to check who the research results will belong to?
Hi Porter.
Yes I know the new company sits within TRAF as a new subsidiary, but they have set up a second similar company that is not part of Traf.
So one is: LIFE HYDROPONIC ASSETS LIMITED (14437592) - which I assume the asset (R&D facility) is sitting in
And the other is: LIFE HYDROPONICS LTD (14174436) - which has nothing to do with Traf but has the same directors. I also now see the name of this company was changed to PURE PLANT COSMETICS LIMITED on the 10th FEB. Which I find a bot odd as I asked for clarity around the 2 companies from TRAF a while back and never got anything back.
My worry is that the asset company that TRAF owns only owns the assets as in the R&D facility but not the rights to any of the R&D....which I was worried might then sit within the second company (now called PURE PLANT COSMETICS LIMITED) which is not owned by TRAF.
Hope that all makes sense.....
Sorry Kwota was just reading through the messages. The new company set up by the Directors has been confirmed as being a new subsidiary of the main group. It explains it with-in the buying of the facility RNS and that it will focus on the hydroponics part of the business with-in that subsidiary. I reread it last night as it’s noted in the middle of a big brief and even I overlooked it.
You have to factor in circa 1m of debt. I see the “shed” is still yet to produce any prize marrows for the market. Total waste of time