littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on Apr 17, 2019 17:46:51 GMT
I suppose that between us we could compile such a list here. Ok, if there is no problems with posting them for the mods, I will post the figures I have. It might be better to have a new thread for this so that the list is the first post which can be added to by the thread owner from other lenders following posts.
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Post by dan1 on Apr 17, 2019 20:26:56 GMT
I suppose that between us we could compile such a list here. Ok, if there is no problems with posting them for the mods, I will post the figures I have. No problems as far as we're concerned.
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m203
Member of DD Central
Posts: 54 
Likes: 6
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Post by m203 on Apr 24, 2019 11:36:33 GMT
So, noticed that I have recieved funds in my popertymoose account. How many are left to be sold? How can I tell?
Thanks.
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pom
Member of DD Central
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Post by pom on Apr 24, 2019 12:14:28 GMT
So, noticed that I have recieved funds in my popertymoose account. How many are left to be sold? How can I tell? Thanks. I would assume there'd be something in your account transactions to indicate where the funds came from
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rs
Member of DD Central
Posts: 467
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Post by rs on Apr 24, 2019 18:00:14 GMT
Got my SPC 63 65, 70 funds withdrawn today. Shame I got no email from Property Moose about my funds. Made a loss of 9% on my Property Moose investment. So glad to be finally out.
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benaj
Member of DD Central
N/A
Posts: 5,597
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Post by benaj on Apr 25, 2019 1:55:33 GMT
Money received for PMF SPV 74 Loan. The XIRR is 5.8% for this 9% 1st charge note.
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Post by sayyestocress on Apr 25, 2019 10:49:33 GMT
So, noticed that I have recieved funds in my popertymoose account. How many are left to be sold? How can I tell? Thanks. Monthly update is due within a few days and will show as "redeemed" within it. I also had a chunk appear unannounced in my PM account and I think I have finally fully exited due to the size of the sum. Overall I have more or less broken even, though only really due to the two successful BTS properties and a few favourable SM sales at some other poor soul's expense.
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hazellend
Member of DD Central
Posts: 2,363
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Post by hazellend on Apr 30, 2019 21:19:00 GMT
The end is in sight. Just SPV 12 to go for me then I'm out.
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Post by queenvictoria on Apr 30, 2019 21:29:56 GMT
Very impressive update with only 3 SPVs remaining to be redeemed. The first 3 years of PM was pretty poor but you have to say that the team that has been in place for the past 12 months or so have really picked up the pieces and delivered what they said they would. Some other platforms could do with some of the same
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aligibbs
Member of DD Central
Posts: 69
Likes: 25
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Post by aligibbs on May 1, 2019 7:09:50 GMT
Very impressive update with only 3 SPVs remaining to be redeemed. The first 3 years of PM was pretty poor but you have to say that the team that has been in place for the past 12 months or so have really picked up the pieces and delivered what they said they would. Some other platforms could do with some of the same I agree. Monthly updates every month on-time. Seems to be progress on most of the properties under their control. Offer to invest more- or to remove investment as you wish (albeit possibly less than was initially invested). I was quite concerned when it all first happened, but impressed so far. Next I'd like to see some financials to be published- just how much of the rent money is being used in these renovations- how has the share value been decided. What is the next plan- expand or just keep current portfolio and withdraw assets? Getting this into a REIT would be great from my personal tax view.
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ahowlin
Member of DD Central
Posts: 68
Likes: 12
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Post by ahowlin on May 1, 2019 8:32:04 GMT
Overall I agree, time will tell, but at at least they have a plan and seem to be delivering on it.
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Post by sayyestocress on May 1, 2019 13:12:56 GMT
I'll admit they do seem to be conducting themselves well but the proof will be when they actually share some performance numbers and start paying a dividend.
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hazellend
Member of DD Central
Posts: 2,363
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Post by hazellend on May 31, 2019 16:06:33 GMT
3rd week of June suggested as date by which the final SPVs will be redeemed.
I’m glad to be out but will be watching with interest.
I’m confused about the stock market listing. What stock market are they talking about? AIM?
It seems likely that liquidity will be very low in this REIT until a history of reliable income over a few years can be shown. Possibly will need to trade at a heavy discount at least initially, but if they can achieve the rental income they are suggesting, I could see it trading at a premium to NAV.
I don’t buy into the the vision, which is why I’m out. Property Moose incompetence spoiled it for me.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on May 31, 2019 16:36:30 GMT
Very impressive update with only 3 SPVs remaining to be redeemed. The first 3 years of PM was pretty poor but you have to say that the team that has been in place for the past 12 months or so have really picked up the pieces and delivered what they said they would. Some other platforms could do with some of the same I agree. Monthly updates every month on-time. Seems to be progress on most of the properties under their control. Offer to invest more- or to remove investment as you wish (albeit possibly less than was initially invested). I was quite concerned when it all first happened, but impressed so far. Next I'd like to see some financials to be published- just how much of the rent money is being used in these renovations- how has the share value been decided. What is the next plan- expand or just keep current portfolio and withdraw assets? Getting this into a REIT would be great from my personal tax view. PM looked just as good at the same stage. I am out but for the sake of those brave souls still in I hope the same trajectory is not repeated.
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Post by valueinvestor123 on Jun 1, 2019 9:18:26 GMT
Sorry I have been asleep....
Have they started trading as a REIT yet? What are the valuations like?
I don’t think I have voted one way or another: does it mean I am still invested in the vehicle or have they been redeeming me? I am not sure where to find that info...
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