Irish company Cairn Homes is chugging along nicely in its first full week as a listed housebuilder having floated on the London stock exchange last week. We were recently contacted by a reader, however, who pointed out what appears to be a minor clanger in the stock exchange missive announcing the company’s intention to float.
The announcement lists the company’s site acquisition options, including one near Navan town centre, which it says is “on Dublin’s commuter railway network”. As I’m told they often say up in Navan, “will you get ou’ of that garden”. The proposed Navan commuter railway line only ever got as far as the M3 Parkway station slightly beyond Dunboyne, a good 34km from Navan. The rest of the project was shelved due to recessionary budget cuts.
Our Navan reader points out that local residents are acutely aware that the line into the town is only ever used for passenger trains when the Meath football team is playing an All-Ireland final in Dublin. “The last passenger train out of town that I recall was for the Meath-Mayo final in 1996 and the way the Royals are playing these days I don’t see any need for that tradition being revived anytime soon.”