p2ploser
Member of DD Central
Posts: 163 
Likes: 221
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Spv 32
Nov 13, 2017 18:59:11 GMT
Post by p2ploser on Nov 13, 2017 18:59:11 GMT
Another example of awful communication which makes me wonder what’s being hidden from investors. This property was taken off the sm about 3 weeks again for what pm say is “re-valuation”. I’ve questioned them several times what this actually means as this should be a quick exercise and certainly not take weeks. The lack of any sort of believable answer makes me suspicious something is being hidden from us.
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Spv 32
Nov 14, 2017 20:58:31 GMT
via mobile
Post by propertycalf on Nov 14, 2017 20:58:31 GMT
I just thought with it having underwritten returns, there may not have been shares available on the SM?
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carolus
Member of DD Central
Posts: 204
Likes: 191
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Spv 32
Nov 15, 2017 1:56:38 GMT
via mobile
Post by carolus on Nov 15, 2017 1:56:38 GMT
I just thought with it having underwritten returns, there may not have been shares available on the SM? Nope, if you ask they'll tell you this and SPV 41 are disabled due to "revaluation". Unclear what this involves or why it takes multiple weeks. The cynical part of me suspects we'll find something needed to be done to the properties which we will be required to pay for.
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Spv 32
Nov 15, 2017 10:27:57 GMT
via mobile
Post by propertycalf on Nov 15, 2017 10:27:57 GMT
Spv 32 or spv 41 has had SM sales suspended?
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jnm21
Posts: 441
Likes: 167
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Spv 32
Feb 25, 2018 14:15:14 GMT
Post by jnm21 on Feb 25, 2018 14:15:14 GMT
Looking at this one on the SM - looks tempting; guaranteed rent, good track record, full top line price (TCO) less than 90% of the original valuation (my personal go/no-go indicator), heck the PM valuation seems to agree with my analysis (I generally ignore them). Anyone shed light on what I am missing? Is the discount someone leaving PM at any cost or is there something with the property that I am missing?
I am very tempted, just being cautious as I have bought a lot (relatively speaking) of recent & would have to discount something else so that it shifts to buy in to this.
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Steerpike
Member of DD Central
Posts: 1,977
Likes: 1,687
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Post by Steerpike on Feb 25, 2018 15:08:11 GMT
Looking at this one on the SM - looks tempting; guaranteed rent, good track record, full top line price (TCO) less than 90% of the original valuation (my personal go/no-go indicator), heck the PM valuation seems to agree with my analysis (I generally ignore them). Anyone shed light on what I am missing? Is the discount someone leaving PM at any cost or is there something with the property that I am missing? I am very tempted, just being cautious as I have bought a lot (relatively speaking) of recent & would have to discount something else so that it shifts to buy in to this. Some investors have serious doubts about future liquidity on this platform, imminent closure of SM, end of term uncertainties, and a high level of dissatisfaction with the performance of the platform in many areas have lead to the discounting, whether these are bargains remains to be seen. You’ve got to ask yourself one question - "Do I feel lucky"?
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jnm21
Posts: 441
Likes: 167
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Spv 32
Feb 25, 2018 15:45:21 GMT
Post by jnm21 on Feb 25, 2018 15:45:21 GMT
Unfortunately the answer to the similar question, do I think it is a good buy is a firm yes, but the second question I must ask is can I raise the funds, which as yet I haven't come up with a yes. Just discounted one of my other sales that was already '1st on the rank'.
Thanks for your input. I am not worried about the liquidity of the platform (and in any case they get 12% of the rent for management plus a cut at the end; I doubt we would struggle to find someone to step in).
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