qwakuk
Member of DD Central
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Shojin
Mar 31, 2022 12:38:25 GMT
Post by qwakuk on Mar 31, 2022 12:38:25 GMT
Not tried Shojin yet, anybody investing already, general feel for the platform and investments to date ? Yes, I'm with them. About to watch the webinar, so will add some thoughts later. Thanks Ace, I am supposed to be working so will not have time to watch
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Post by Ace on Mar 31, 2022 14:52:25 GMT
Yes, I'm with them. About to watch the webinar, so will add some thoughts later. Thanks Ace, I am supposed to be working so will not have time to watch I've only been with shojin for about 6 months, so don't have any personal results to comment on yet. I've found the platform to be very professional, approachable and helpful. I'd put the platform at the higher risk end of the P2P curve as they mainly deal in second charge/mezzanine loans and preferred equity, but their projected returns do seem to adequately compensate for the risk. I've found their due diligence, as reflected in their Investor Memoranda, to be a cut above that provided by other platforms. There's plenty of detail, including well presented and comprehensive information on the project finances. The staff have been knowledgeable and helpful in explaining points that I didn't understand. They claim to be profitable in 2020/2021 to the tune of about £300k EBITDA, and are expecting this to increase considerably this year. I'm now invested in 5 of their projects (including their Series A equity raise, so can't be considered to be impartial). Seasoned investors won't learn much from the "masterclass" webinars, but I find them to be well worth watching for an insight into the platform's current thinking. Jatin is a great salesman, but it's also clear that he has a thorough understanding of the developments and associated finance. He's very open in his answers in the following Q&A sessions. All in all I've been very impressed, though that's just the opinion of an experienced, but strictly amateur, investor. One thing to note is that they are not 36H compliant, so any losses can't be offset against profits elsewhere (at least that's how I understand it).
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firedog
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Post by firedog on Mar 31, 2022 15:29:43 GMT
I did see that while the website and the current tranche A memorandum mention the experience of Sandeep Puri, his Linkedin profile suggests he left Shojin Property Partners more than six months ago (and it looks like he resigned as a director in 2020). It may not be significant - and maybe I've misread things - but presentation today did mention importance of a strong team - and transparency.
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Shojin
Mar 31, 2022 15:35:30 GMT
Ace likes this
Post by overthehill on Mar 31, 2022 15:35:30 GMT
Thanks Ace, I am supposed to be working so will not have time to watch I've only been with shojin for about 6 months, so don't have any personal results to comment on yet. I've found the platform to be very professional, approachable and helpful. I'd put the platform at the higher risk end of the P2P curve as they mainly deal in second charge/mezzanine loans and preferred equity, but their projected returns do seem to adequately compensate for the risk. I've found their due diligence, as reflected in their Investor Memoranda, to be a cut above that provided by other platforms. There's plenty of detail, including well presented and comprehensive information on the project finances. The staff have been knowledgeable and helpful in explaining points that I didn't understand. They claim to be profitable in 2020/2021 to the tune of about £300k EBITDA, and are expecting this to increase considerably this year. I'm now invested in 5 of their projects (including their Series A equity raise, so can't be considered to be impartial). Seasoned investors won't learn much from the "masterclass" webinars, but I find them to be well worth watching for an insight into the platform's current thinking. Jatin is a great salesman, but it's also clear that he has a thorough understanding of the developments and associated finance. He's very open in his answers in the following Q&A sessions. All in all I've been very impressed, though that's just the opinion of an experienced, but strictly amateur, investor. One thing to note is that they are not 36H compliant, so any losses can't be offset against profits elsewhere (at least that's how I understand it).
bridge too far for me at the moment without more scrutiny. I've divested from all min 5k platforms currently, I prefer 500+1k spreading.
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Shojin
May 26, 2022 11:03:25 GMT
Post by Ace on May 26, 2022 11:03:25 GMT
Shojin's webinar on their new SM is going live in 1 hour (13:00).
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Post by Ace on May 26, 2022 14:22:24 GMT
Shojin's webinar on their new SM is going live in 1 hour (13:00). I found the webinar to be very informative, and very much welcome the addition of an SM to the platform. The SM will allow trading at discounts and premiums (to be negotiated between the two parties). More importantly for those that wish to get involved but don't wish to commit to a minimum of £5k per loan, the SM will allow smaller trades. As usual, it will be free to buyers; with the seller paying a 1.5% fee (subject to a £50 minimum). Clearly, the £50 minimum will discourage very small trades. It's expected to go live in a couple of weeks.
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dave4
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Cynical is a hobby not a lifestyle
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Shojin
May 26, 2022 16:44:02 GMT
Ace likes this
Post by dave4 on May 26, 2022 16:44:02 GMT
Shojin's webinar on their new SM is going live in 1 hour (13:00). I found the webinar to be very informative, and very much welcome the addition of an SM to the platform. The SM will allow trading at discounts and premiums (to be negotiated between the two parties). More importantly for those that wish to get involved but don't wish to commit to a minimum of £5k per loan, the SM will allow smaller trades. As usual, it will be free to buyers; with the seller paying a 1.5% fee (subject to a £50 minimum). Clearly, the £50 minimum will discourage very small trades. It's expected to go live in a couple of weeks. Look under the Insights tab on the platform for more/ similar info. Link to the mentioned above SM webinar. vimeo.com/714078310.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Shojin
Dec 2, 2022 20:11:40 GMT
Post by dave4 on Dec 2, 2022 20:11:40 GMT
#Ch@dwell He@th, London loan launch @14% over 20 months.
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firedog
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Post by firedog on Dec 9, 2022 7:43:35 GMT
A profit of £571,000 after tax announced. (Operating profit of £534,000 reduced to a loss by interest charges and then presumably a tax loss clawback) Here's the full results ( PDF), or the link to the Companies House page if that doesn't open. Edited to update PDF link
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sapphire
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Post by sapphire on Apr 15, 2023 8:09:22 GMT
Whilst Capitalrise term their offering 'deep discounted bonds' Shojin's document terms theirs a 'bond'.
1. As Shojin's bonds typically roll up the interest and pay it on maturity, similar to those issued by Capitalrise, are Shojin's bonds also effectively a 'deep discounted bond'?
2. From a lender perspective are then any advantages to investing via a 'bond' structure rather than through a 'deep discounted bond', when both roll up the interest and pay it on maturity?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 15, 2023 11:32:59 GMT
Whilst Capitalrise term their offering 'deep discounted bonds' Shojin's document terms theirs a 'bond'. 1. As Shojin's bonds typically roll up the interest and pay it on maturity, similar to those issued by Capitalrise, are Shojin's bonds also effectively a 'deep discounted bond'? 2. From a lender perspective are then any advantages to investing via a 'bond' structure rather than through a 'deep discounted bond', when both roll up the interest and pay it on maturity? Looking at the details of a few Shojin projects they are not offering deep discount bonds (zeros) because you are paying the face value of the bond rather than at a discount to reflect the interest due at point of investment (or normally next close date) Capitalrise appear to issue both deep discount & standard bonds depending on project The main differences AIUI relates to taxation - Returns on both are subject to income tax but looking at the CR website, returns on standard bonds are subject to 20% withholding tax, zeros arent. I think there may also be CGT implications for zeros on disposal or redemption prior to maturity
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