Trafalgar Property – circles the AIM plughole with just £0.125m raised against NAV of MINUS £3.2m!
By Nigel Somerville, the Deputy Sheriff of AIM | Friday 18 August 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
AIM-listed property disaster Trafalgar Property (TRAF) announced this morning that it has raised - or, at least, believes it has raised - just £125,000 in a placing at just 0.1p, the par price, below which the company cannot legally issue shares. This has been a total disaster ever since this crock came to AIM in 2013 at 2p per share, meaning it is a proud member of the 95% club as a property company during a property boom.
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