hazellend
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Post by hazellend on Jun 26, 2018 21:22:00 GMT
I don't really care as long as I can some money out and leave forever. I will be amazed if they don't botch it though lol.
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crapo
Posts: 40
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Post by crapo on Jun 27, 2018 13:44:52 GMT
Still haven't received the email....
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Post by sayyestocress on Jun 27, 2018 14:17:43 GMT
Still haven't received the email.... Me neither, but attention to detail and admin has never seemed to be their forte...
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paulgul
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Post by paulgul on Jun 27, 2018 17:33:26 GMT
Well I've received 2 emails, anyone like my spare
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Post by valueinvestor123 on Jun 29, 2018 12:46:34 GMT
I must have missed it....But what does the exit option entail before they convert to SPV? Have they announced what the haircut will be to the pound?
As I understand it, the whole thing will become one entity and the risk will be pooled. In a sense that's the same as an investor buying stakes in 100 different properties, no? Instead you buy one stake with multiple properties in it. Isn't it just an accounting thing?
Why don't they just convert to a REIT structure and list on the stock exchange: isn't it the same thing? (but more tax efficient). Gearing is a concern but a lot of Reits have gearing (some, quite high).
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littleoldlady
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Post by littleoldlady on Jun 29, 2018 15:12:12 GMT
The haircut will be decided by the valuer who will estimate a value based on a 4 week sale period on a case by case basis. 4 weeks is such a short time that I guess the valuer will come up with a figure so low that he would be prepared to buy it himself. I expect the haircuts to be so large that only those determined to escape at any cost will accept. Even those who have voted to exit will be given the chance to change their minds once the amount to be returned is known, and I would not be surprised if many/most did so.
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m203
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Post by m203 on Jun 30, 2018 9:21:08 GMT
Still no email for me. I guess it will arrive any day now. I really want to get out of PM but can't decide on what level of haircut I can stomach.
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littleoldlady
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Post by littleoldlady on Jun 30, 2018 17:54:42 GMT
Still no email for me. I guess it will arrive any day now. I really want to get out of PM but can't decide on what level of haircut I can stomach. The haircut that I could stomach would be one that left me break even on the platform. The trouble is I have no idea what that is, or how I might calculate it from data on the platform. One way would be to track all bank payments paid and received but that would be a massive job for me. Other platforms enable one to easily do this from their records.
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benaj
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Post by benaj on Jun 30, 2018 18:53:07 GMT
The haircut that I could stomach would be one that left me break even on the platform. The trouble is I have no idea what that is, or how I might calculate it from data on the platform. One way would be to track all bank payments paid and received but that would be a massive job for me. Other platforms enable one to easily do this from their records. What about the dashboard?
{Amount invested} - {portfolio value} - {income received} or Check out from the account page? {Credit and Bank wires} - {Debit}
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hazellend
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Post by hazellend on Jun 30, 2018 21:03:48 GMT
Still no email for me. I guess it will arrive any day now. I really want to get out of PM but can't decide on what level of haircut I can stomach. The haircut that I could stomach would be one that left me break even on the platform. The trouble is I have no idea what that is, or how I might calculate it from data on the platform. One way would be to track all bank payments paid and received but that would be a massive job for me. Other platforms enable one to easily do this from their records. Break even is not a haircut. There is zero chance of that.
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littleoldlady
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Post by littleoldlady on Jul 1, 2018 6:25:40 GMT
The haircut that I could stomach would be one that left me break even on the platform. The trouble is I have no idea what that is, or how I might calculate it from data on the platform. One way would be to track all bank payments paid and received but that would be a massive job for me. Other platforms enable one to easily do this from their records. Break even is not a haircut. There is zero chance of that. A haircut on my remaining properties equal to the income already made on sold properties would leave me at break even. Since you don't know how much I am up already (although nor do I, but I am fairly sure I am up) you cannot assess the chances.
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hazellend
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Post by hazellend on Jul 1, 2018 6:32:29 GMT
Break even is not a haircut. There is zero chance of that. A haircut on my remaining properties equal to the income already made on sold properties would leave me at break even. Since you don't know how much I am up already (although nor do I, but I am fairly sure I am up) you cannot assess the chances. I’ve got 10 property shares so I’m extrapolating to make an educated guess. Just click on the dashboard button and you will see your exact returns from income
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littleoldlady
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Post by littleoldlady on Jul 1, 2018 6:42:32 GMT
The haircut that I could stomach would be one that left me break even on the platform. The trouble is I have no idea what that is, or how I might calculate it from data on the platform. One way would be to track all bank payments paid and received but that would be a massive job for me. Other platforms enable one to easily do this from their records. What about the dashboard?
{Amount invested} - {portfolio value} - {income received} or Check out from the account page? {Credit and Bank wires} - {Debit} The 'Amount Invested' is only the amount currently invested. The 'Portfolio Value' belongs on the 'Fiction' shelf. I cannot make any sense of the items in 'Account', and you can only download 3 months to analyse.
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Post by queenvictoria on Jul 1, 2018 7:12:40 GMT
If you know how much you put in and how much you have since taken out then the dashboard should give you the difference shouldn't it.
Straightforward in my case because I put a lump sum in a couple of years ago and have made only one withdrawal (following sales of shares when sales were available). If you have made multiple ins and outs then you would need to trawl bank statements I guess.
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benaj
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Post by benaj on Jul 1, 2018 7:58:34 GMT
What about the dashboard?
{Amount invested} - {portfolio value} - {income received} or Check out from the account page? {Credit and Bank wires} - {Debit} The 'Amount Invested' is only the amount currently invested. The 'Portfolio Value' belongs on the 'Fiction' shelf. I cannot make any sense of the items in 'Account', and you can only download 3 months to analyse. In the Account, mine shows all the money I deposited and withdrawn since day 1, the 3 months restriction is for file export. The portfolio value was updated about 5 months ago. To be honest, today it’s the 2H 2018, i am disappointed that we haven’t heard any news about offers for those exiting SPV, most of them went for the option 1 route without tenants and costing money.
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