kaya
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Post by kaya on Sept 10, 2017 9:50:00 GMT
It would be valuable to know what share prices are being offered to those exiting each relisting. This information is not given, yet is essential in gauging the performance over the term. Would anyone - or propertymoose - like to post such info here, beginning with the current relisting of SPV 13?. The present value is of the property is stated as being £49,400 with a share value of £502.02 - but what was actually offered to those wishing to exit? |
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Post by sayyestocress on Sept 11, 2017 8:11:13 GMT
Hopefully someone who has been part of one of these exits will contribute at some point. I would imagine SPV13 was a loss for those exiting capital-wise (i.e. excluding dividend income over the term). The re-listing says the original listing total was £51,500 and those exiting left with a valuation of £49,400.
Fag packet maths gives:
500 * 49,400 / 51,500 = £479
I don't know if there are some nuances I've missed or I'm looking at it too simply but this wouldn't be the first capital loss for those exiting on PM. I think the crowd sell price is generally 95% of the current valuation (not sure where I read that, might be nonsense) and 95% of £502 is approximately £477 which is close to the above.
The relisting states 3.22% net rent yield which I make to be ~£16/year/share. So for the initial two year term the total return is about a tenner per share or 1% per anum; not exactly stellar.
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kaya
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Post by kaya on Sept 16, 2017 15:16:15 GMT
Even simpler if propertymoose were simply to provide the information themselves. |
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Sept 21, 2017 20:43:42 GMT
SPV2 was £467.61. They don't say how much until the relisting is sold out. I have been waiting weeks or months on a few others where I have chosen to exit. I have also put all my other properties on the SM at a generous discount but selling slowly.
Later: SPV24 each £500 share is forecast to sell to the crowd for £352.34 or less on the open market. Their incompetence as BTL managers is staggering. "A recent survey from comparison website TotallyMoney named Leeds as one of the best places for buy-to-let, with 10.8pc yields, while Bradford, York, Preston and Middlesbrough also had yields above 9pc."
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