Trafalgar Property Group (TRAF)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

 0.70p
   
  • Change Today:
      0.000p
  • 52 Week High: 1.91
  • 52 Week Low: 0.68
  • Currency: UK Pounds
  • Shares Issued: 1,425.19m
  • Volume: 0
  • Market Cap: £9.98m
  • RiskGrade: 620

Trafalgar Property Group fails to secure funding for Camberley site

By Josh White

Date: Tuesday 09 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Residential and assisted living property developer Trafalgar Property Group announced on Tuesday that it had not been possible to secure the full funding to acquire its assisted living development site Camberley in the required timeframe.
The AIM-traded firm said negotiations with lending institutions had been taking place, but terms could not be definitely agreed before the 9 July deadline required to complete the acquisition of the site.

As a result, the company said it had now lost the non-refundable deposit of £0.23m paid on exchange of contracts.

Trafalgar said it remained focused on pursuing its retirement home strategy.

It said its residential subsidiary Trafalgar New Homes had lodged planning for its Epsom and Ashtead schemes, and expected to submit planning for its Send Barns scheme later in the week.

Should planning be approved, the company said it would seek the necessary development funding.

"Whilst it is regrettable that the company has not been able to secure appropriate funding for the Camberley site, the Board remains absolutely committed to pursuing its strategy in retirement homes and is actively targeting other prospective sites for development," said Trafalgar Property Group chairman James Dubois.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TRAF Market Data

Currency UK Pounds
Share Price 0.70p
Change Today 0.000p
% Change 0.00 %
52 Week High 1.91
52 Week Low 0.68
Volume 0
Shares Issued 1,425.19m
Market Cap £9.98m
RiskGrade 620

TRAF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
80.93% below the market average80.93% below the market average80.93% below the market average80.93% below the market average80.93% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average
Income Not Available
Growth
38.87% above the market average38.87% above the market average38.87% above the market average38.87% above the market average38.87% above the market average
31.58% above the sector average31.58% above the sector average31.58% above the sector average31.58% above the sector average31.58% above the sector average

TRAF Dividends

No dividends found

Trades for --2021

Time Volume / Share Price
0 @ 0.000p

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