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Post by Ace on Sept 12, 2019 11:51:52 GMT
Any thoughts on the current vote to sell one of the fourteen units?
Looks like a no-brainer to vote to sell for a large profit to me, but would be interesting to hear any contrary views.
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Post by greatboo on Sept 13, 2019 9:13:57 GMT
I'm planning to vote to sell - just popped in here to check what others are thinking, but like you say it seems like a no-brainer really.
Nice to have some good news from PP for a change!
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hazellend
Member of DD Central
Posts: 2,361 
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Post by hazellend on Sept 13, 2019 10:00:04 GMT
I sold out of this before the hideous charges. What was the offer?
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Post by Ace on Sept 13, 2019 11:33:45 GMT
I sold out of this before the hideous charges. What was the offer? There's an article on PP's blog page with full details. In short: one unit purchased for £177k has an offer of £399k, giving a 95% return after costs and allowing for gearing.
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Post by easterbunni on Sept 14, 2019 8:10:35 GMT
But if I read correctly all it will do is increase the dividend 12% as they will just pay some of the mortgage off? From 2.nothing to a bit more than 2.nothing
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Post by Ace on Sept 14, 2019 8:48:35 GMT
But if I read correctly all it will do is increase the dividend 12% as they will just pay some of the mortgage off? From 2.nothing to a bit more than 2.nothing That's true, but reducing the mortgage decreases the leverage, which raises the potential capital gain. It's obviously a good sign that one of the units is selling for more than twice the asking price in a very short space of time.
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Post by scepticalinvestor on Sept 15, 2019 14:59:25 GMT
That's certainly some welcome good news from PP. GHF looks like a savvy investment!
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