ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315 
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Post by ilmoro on Nov 8, 2022 18:52:48 GMT
More and more Brickowner projects hitting trouble. More big capital losses on the way: after the total wipeout at E**t S****t, looking like over 50% losses at R****t H***e and C*****e S****e The risks of leveraged property development in a falling housing market. Better find some capital gains to offset! (Only question is where are they...?) W***w*** H* not looking great either.
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Post by Ace on Nov 8, 2022 19:16:30 GMT
More and more Brickowner projects hitting trouble. More big capital losses on the way: after the total wipeout at E**t S****t, looking like over 50% losses at R****t H***e and C*****e S****e The risks of leveraged property development in a falling housing market. Better find some capital gains to offset! (Only question is where are they...?) W***w*** H* not looking great either. And C***f R**d is no longer viable.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Nov 8, 2022 22:18:54 GMT
And the secondary market no longer open (not that many of the projects were realistically sellable)
With all the failed projects, have to worry now about platform viability unfortunately - not sure may existing investors will want to fund new projects given poor track record and some years of gloom in the property market ahead.
Can anyone remember what the wind down plans are if the platform fails? Who manages the individual SPVs?
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Post by Ace on Nov 8, 2022 22:41:22 GMT
And the secondary market no longer open (not that many of the projects were realistically sellable) With all the failed projects, have to worry now about platform viability unfortunately - not sure may existing investors will want to fund new projects given poor track record and some years of gloom in the property market ahead. Can anyone remember what the wind down plans are if the platform fails? Who manages the individual SPVs? Since they're not regulated I guess that they don't need a wind-down plan. I think the following from their website is as close as we're likely to get:
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ton27
Member of DD Central
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Post by ton27 on Nov 14, 2022 18:21:23 GMT
It is looking pretty gloomy for BO. As a small equity investor I am exposed to the loss of equity and to even bigger loan losses if the platform goes into rundown. Not big numbers in the overall scheme of things but I was not really expecting such a quick decline.
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Post by Ace on Nov 14, 2022 18:53:36 GMT
It is looking pretty gloomy for BO. As a small equity investor I am exposed to the loss of equity and to even bigger loan losses if the platform goes into rundown. Not big numbers in the overall scheme of things but I was not really expecting such a quick decline.
Ditto
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squid
Member of DD Central
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Post by squid on Nov 15, 2022 9:55:18 GMT
Brickowner was operating as an appointed representative of a FCA authorized and regulated firm until sometime in 2019. This means that Brickowner investments made prior to that time were subject to FCA regulation. I do not believe the terms or protections in place at the time of Brickowner being an appointed representative of a FCA authorized and regulated firm can retrospectively be changed or removed when they ceased to be an appointed representative of a FCA authorized and regulated firm, so these [should] still stand.
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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
Posts: 11,315
Likes: 11,523
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Post by ilmoro on Nov 15, 2022 19:43:51 GMT
Brickowner was operating as an appointed representative of a FCA authorized and regulated firm until sometime in 2020. This means that Brickowner investments made prior to that time were subject to FCA regulation. I do not believe the terms or protections in place at the time of Brickowner being an appointed representative of a FCA authorized and regulated firm can retrospectively be changed or removed when they ceased to be an appointed representative of a FCA authorized and regulated firm, so these [should] still stand. AR until Sept 19.
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IFISAcava
Member of DD Central
Posts: 3,692
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Post by IFISAcava on Sept 12, 2023 10:11:27 GMT
Another gloomy update - R***** H***e, over 90% loss of equity predicted.
I suppose it will give some capital losses to write off elsewhere now that the annual CGT allowance is being slashed.
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benaj
Member of DD Central
N/A
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Post by benaj on Sept 13, 2023 6:50:39 GMT
Has anyone declared any losses from BO yet? How long does it take for BO to declare the blow on tax statement? I am talking about projects in 18/19.
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Post by Ace on Oct 13, 2023 13:54:32 GMT
I've received notification that W******d H* is a total write-off for equity investors.
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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
Posts: 11,315
Likes: 11,523
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Post by ilmoro on Oct 13, 2023 14:31:44 GMT
I've received notification that W******d H* is a total write-off for equity investors. Yeah, don't even bother looking anymore ... will wait until the car crash is complete then see what's left. At least the minimum investment increase stopped me throwing any more down the toilet ... Ironic competition ... who is worse in altfi the Earl or the Marquess?
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benaj
Member of DD Central
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Posts: 5,591
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Post by benaj on Oct 13, 2023 15:03:50 GMT
 Those Bristol projects, or anything related to Bristol on Brickowner are sh*t. I ended up never owning a brick. Performance is worse than COL, Lendy, FS. To put it into perspective, those who got out Property Moose early with 15% discount are much better off than investing with this outfit, except those who managed to get a good profit from seedrs for BO shares.
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Post by Ace on Nov 27, 2023 15:32:40 GMT
Can anyone login to Brickowner? I can't login to 2 different accounts.
I know it's usually a complete waste of time, but I do like to check the accounts occasionally.
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benaj
Member of DD Central
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Posts: 5,591
Likes: 1,735
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Post by benaj on Nov 27, 2023 16:16:44 GMT
I had a go but the button doesn’t work properly. It only works when nothing put in.
Anyway, I wasted more minutes watching Money and Me interview with Bristol. Amazingly, the lucky guy started buying baltic properties after “work experience”.
Anyway, BOIM ltd filed updates recently on 31 Oct, but there’s nothing to update much really.
Who really work behind the scene? 🤔
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