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Post by shootingstar on Mar 10, 2020 12:49:55 GMT
Property partner email this am...they are looking to raise £1m at an £18m valuation (non-EIS eligible). They have significant reduced costs and relative to history now have a higher mix of "recurring" account fees. Nevertheless a £1.5m operating loss in 2019 is not encouraging. I continue to think there is a vulnerability around 5 year properties being exited and consequent downside risk to Property AUM
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hazellend
Member of DD Central
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Post by hazellend on Mar 10, 2020 14:40:06 GMT
Property partner email this am...they are looking to raise £1m at an £18m valuation (non-EIS eligible). They have significant reduced costs and relative to history now have a higher mix of "recurring" account fees. Nevertheless a £1.5m operating loss in 2019 is not encouraging. I continue to think there is a vulnerability around 5 year properties being exited and consequent downside risk to Property AUM 18 million lol. Didn’t VC pump more than 50 mill in? Must be bad if same VC now don’t want to invest a measly mil
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p2ploser
Member of DD Central
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Post by p2ploser on Mar 10, 2020 23:47:37 GMT
This is a dead duck. Mr Bath’s new strategy (fees for all) seems to have been as successful as we thought it would be.
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Post by scepticalinvestor on Mar 11, 2020 16:42:47 GMT
Interesting. I never got one! Anyone care to copy-paste the contents of the email? Property partner email this am...they are looking to raise £1m at an £18m valuation (non-EIS eligible). They have significant reduced costs and relative to history now have a higher mix of "recurring" account fees. Nevertheless a £1.5m operating loss in 2019 is not encouraging. I continue to think there is a vulnerability around 5 year properties being exited and consequent downside risk to Property AUM
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sd2
Member of DD Central
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Post by sd2 on Mar 30, 2020 21:25:43 GMT
Interesting. I never got one! Anyone care to copy-paste the contents of the email? Property partner email this am...they are looking to raise £1m at an £18m valuation (non-EIS eligible). They have significant reduced costs and relative to history now have a higher mix of "recurring" account fees. Nevertheless a £1.5m operating loss in 2019 is not encouraging. I continue to think there is a vulnerability around 5 year properties being exited and consequent downside risk to Property AUM Neither did I. I am a small investor maybe they only email large investors.
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Post by overthehill on Apr 7, 2020 20:01:27 GMT
Don't feel left out as I never got the email either, I'm betting the distribution is targetted to people who didn't let their feelings known after the cash grab debacle. I don't know anything about previous equity raises but how can this company be burning so much cash and losing so much money? Isn't the property management a revenue stream also?
The recent changes were callous and soundly discriminating against the early investors who had mostly properties with low dividends, mine dropped 40%, yep.
Dividend predictions were way off and although it's obvious that house price growth over the next 20 years will be nothing like the last 20 years, a lot of the properties have inexplicably slumped in value or were just overpriced to start with. Those mezzanine loans need to keep performing or more investors will call it a day!
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