crapo
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Post by crapo on Mar 23, 2018 14:13:43 GMT
Any thoughts. Has been well tenanted, no major expenses, but I'm becoming less confident of the valuation.
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benaj
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Post by benaj on Mar 24, 2018 12:09:14 GMT
With the removal of secondary market, PM's main focus is Exit Strategy.
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hazellend
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Post by hazellend on Mar 24, 2018 14:49:15 GMT
I’m voting to sell everything. PM are looking into new avenues I think and I don’t want to hold any properties
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pom
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Post by pom on Mar 24, 2018 16:42:38 GMT
Any thoughts. Has been well tenanted, no major expenses, but I'm becoming less confident of the valuation. I suspect that the downside of underwritten properties such as this is that actually we don't really know how well they've been tenanted. I can't remember what I voted on this one - given it'll continue to pay out until the end, but that is later this year (so isn't going to make a huge difference on timings) and wasn't requiring evictions it was one of mine where I could pretty much have tossed a coin as I could see no real preference.
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jnm21
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Post by jnm21 on Mar 25, 2018 8:40:25 GMT
pom I think my thinking was very similar, but leant towards keep.
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pom
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Post by pom on Mar 25, 2018 19:30:27 GMT
Yeah I had a batch of very similar ones...I think I voted to sell one mostly based on it's end date but can't remember if it was this one or another (yes I keep kicking myself for not having recorded my votes, but I left it too late to start and hardly really matters...and with 60 PM equity investments....)
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crapo
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Post by crapo on Apr 6, 2018 9:43:54 GMT
Voting Results for PM SPV 33
Option 1 68.02%
Option 2 30.98%
Booo!
Doesn't say how many voted though...
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pom
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Post by pom on Apr 6, 2018 12:57:22 GMT
Doesn't say how many voted though... Why would they? Anyone that abstains knew their vote would be proxied, and votes had different weights anyway depending on shares held so it would be a meaningless figure
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benaj
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Post by benaj on Apr 7, 2018 11:42:31 GMT
Voting Results for PM SPV 33 Option 1 68.02% Option 2 30.98% Booo! Doesn't say how many voted though... A number of SPVs have less than 100 investors (considering PM has 28k members) in each project due to size of minimum investment of £500. So theoretically, each vote worth more than 1%.
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crapo
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Post by crapo on Apr 9, 2018 8:19:26 GMT
Voting Results for PM SPV 33 Option 1 68.02% Option 2 30.98% Booo! Doesn't say how many voted though... A number of SPVs have less than 100 investors (considering PM has 28k members) in each project due to size of minimum investment of £500. So theoretically, each vote worth more than 1%. True. SPV 33 has only 86 investors.
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crapo
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Post by crapo on May 31, 2018 16:55:21 GMT
Wow, now all of a sudden the property is vacant and the guarantor has breached their rental contract.  And the quarterly update says, "The agent has advised that the property is currently vacant." and "Strategy for the following period May - July 2018 As instructed in the recent vote, we will continue to work with the tenants"  Cut and paste much? |
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Cut and paste much?