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Well done Kwota, I know you’ve averaged down, but good to see your patience paying off. Congrats 👏🏻
More than £380k lol
A lot more
GL & DYOR
I agree. I guess what I mean is what the value is of the properties TRAF owns and what the outstanding mortgages are.....as I've never seen any figures on them.
At this tiny mkt cap I dont think PE is relevant. My house on the South Coast is twice the value and its not even in that posh an area etc. Two bed leasehold flat in Brighton Marina would cost more.
I wonder how much their property portfolio is worth - as in the ones they rent out. As then it should really be taken into consideration when P/E ratio's are worked out. Or am I sitting the pot miss?
O and how nice it will be if they bring us a nice little update on the hydroponics as well...
Indeed. Given the mkt cap of other small cos this share is way undervalued and has no debt as far as I know. Defies logic.
"Selmat are delighted to announce that an offer of £950,000 has just this month been accepted and is undergoing legal due diligence."
That is 3x market cap right now
It seems like we do have some action today.....may it last a long time. I'm hoping we will get an update on the hydroponics soon as that is what will add real value here. And from the info on the 1st June I'm hoping that is not to far away....
Good stuff. Very tough to buy Traf today. The mkt now wants 14.6 and that was just after a few hundred pounds buy The spread is silly of course
A follow up from my previous messages and some confirmation.....
1. Burnside has been sold
2. Traf have been trying to negotiate a revised price on Leatherhead that reflects the current market but that seems to be difficult.
3 Orchard House is under offer and with solicitors
4. Traf is looking at several opportunities but conscious of making any offers due to the market.
Otherwise the position remains as given in our email of 1 June.
Nothing specific on the Hydroponics but the email on the 1 June did say: Unfortunately, for reasons of confidentiality, it is not possible to make any comment at the moment, however it is expected that an announcement of interest to all shareholders will be made shortly.
So maybe we will get a surprise on that side of the business soon....
I'm not sure about this one as on the Half Year report it stated that it was up for offer but they were awaiting for the buyer to sell their property. But it actually shows that Orchard House sold back in 2019.....
But it is back on the market at present, but not sure if it is Trafalgar selling it.....
https://www.rightmove.co.uk/properties/136031246#/?channel=RES_BUY
A bit more info for us found after doing some research.....
It turns out Flat 2 was sold in Feb 2023 for: £325,000
Found this on their website this morning....photo's are from 2 days ago...
http://www.trafalgarproperty.group/tnh/speldhurst_barden.html
Kwota, thank you for taking the time to chase them and for sharing what you have said, very much appreciated.
I'm afraid to say, but nothing!!!
I send another email off on Friday morning. Email below:
Morning ........
It has almost been another month since my last enquiry. We need a business update here and soon. Shareholders value has halved in the last 6 months and the company at present is valued at around £300k.
I think we as shareholders have been very patient and in being patient, supportive. However the last business update was on the 21st of November.
We want to know what’s going in regards to:
• Hydroponics facility. Research and development. Has there been any developments since purchasing the R/D facility?
• The development in Leatherhead Surrey. Last we were told that planning permission was given….Has the land been purchased and are we going on to build the development?
• Has Flat 2 at Burnside been sold as it was under offer at the time
• Did the purchase for Orchard House for £1,050,000 gone through as we were waiting on the buyer to sell their property?
• Any other new business development.
If you can share this with the group CEO it would be appreciated.
What is going on here!!!
Hmm.
Am I correct in saying that if there is a group of shareholders with more than 10% in holdings they can ask for an EGM?
Some updated feedback.....
The position remains as given in our email of 1 June, matters are progressing smoothly but stock exchange rules means that they have to remain confidential at present.
The same thoughts have crossed my mind.
Another day of selling....
We need news and positive at that. Just hoping the seller doesn't know something we don't.
Thanks Kwota.
I have emailed again today for an update, will update with any reply's
Days, so if you have any in it get out quick.....
How long before this is in Administration? Days or weeks?