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Post by overthehill on Aug 7, 2020 13:07:36 GMT
Is there any mention of current property valuations in the latest 'portfolio performance' update ? When was the last proper valuation done and does it tell you in the property details, I can't see it. Basically you need a good memory? We've seen what this team are capable of now and I think they are deliberately keeping quiet on valuations to keep the secondary market active and with notionally appealing discounts so they can increase their own revenue, 1.5% for every sale isn't it?
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Post by overthehill on Aug 8, 2020 8:39:30 GMT
Mini house-buying boom leads to highest ever monthly price
Why are Property Partner waiting till October before they do anything about the 5 year exit? Is buy to let with tenants in situ completely dead ? Are they just hiding behind the government guidelines?
It is patently obvious every property with a decimated net dividend thanks to their recent new equity charge is going to have to be sold tenant in situ or out. We're never likely to see any of the retained dividends and it has been made clear the 5 year exit backlog will be long and slow. They should start justifying the new charges. What will they be doing until October, on holiday maybe?
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Post by scepticalinvestor on Aug 10, 2020 15:24:34 GMT
The next vals (conducted in September) are due to be published in early October. It will be interesting to see how the student properties fare.
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Post by andrewrt on Sept 30, 2020 22:03:09 GMT
The next vals (conducted in September) are due to be published in early October. It will be interesting to see how the student properties fare. I see they've delayed them again until March 2021. www.propertypartner.co/blog/september-2020-announcements/From their announcement, it looks like they started the work but the initial haircuts looked too big to stomach!
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Post by overthehill on Oct 1, 2020 13:33:00 GMT
Quite possibly but they've still managed to reduce the value of my portfolio by 2.25% presumably due to amortization costs reducing, I'm not really interested in searching for other reasons.
I thought house prices are now higher than 12 months ago ! At least the owners and the property maintenance companies are making money - I've often mulled over whether any of these contracts are producing revenue for PP as well.
I'm feeling a bit more optimistic after the recent update, not a lot, selling off vacant properties is surely a good strategy.
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Post by andrewrt on Oct 1, 2020 20:18:32 GMT
Quite possibly but they've still managed to reduce the value of my portfolio by 2.25% presumably due to amortization costs reducing, I'm not really interested in searching for other reasons.
I thought house prices are now higher than 12 months ago ! At least the owners and the property maintenance companies are making money - I've often mulled over whether any of these contracts are producing revenue for PP as well.
I'm feeling a bit more optimistic after the recent update, not a lot, selling off vacant properties is surely a good strategy.
My portfolio has also gone down, mostly due to the amortization of purchase costs plus the increased mortgages due to payment holidays. Net cash is now included in the value which overall is neutral for me but that hides some big ups and downs on individual properties. One odd element of that is that I have some student properties where they have a high cash position but they explain this is because people have paid up front for the whole year. They have included the "cash" asset but not the "deferred income" liability.
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Post by scepticalinvestor on Oct 5, 2020 10:19:13 GMT
From PP's perspective, I can see why they have delayed valuations, but it just doesn't sit right that the current valuations (and other data/metrics that follow) are largely still based off of pre-covid numbers and we are being asked to wait for another 6 months to (hopefully) get a current valuation.
Anyway, there isn't anything we can do about it.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Oct 5, 2020 10:29:29 GMT
From PP's perspective, I can see why they have delayed valuations, but it just doesn't sit right that the current valuations (and other data/metrics that follow) are largely still based off of pre-covid numbers and we are being asked to wait for another 6 months to (hopefully) get a current valuation.
Anyway, there isn't anything we can do about it.
I long ago decided to keep my remaining investments here until the 5 year point then exit (likely via sale of properties, as I can't see there being a demand for the shares at true value given the discounts on offer throughout the portfolio)
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Post by andrewrt on Oct 5, 2020 17:01:44 GMT
From PP's perspective, I can see why they have delayed valuations, but it just doesn't sit right that the current valuations (and other data/metrics that follow) are largely still based off of pre-covid numbers and we are being asked to wait for another 6 months to (hopefully) get a current valuation.
Anyway, there isn't anything we can do about it.
I long ago decided to keep my remaining investments here until the 5 year point then exit (likely via sale of properties, as I can't see there being a demand for the shares at true value given the discounts on offer throughout the portfolio) They have just launched 3 5-year processes and it will be interesting to see what happens. I've also concluded that you're much better off exiting through sale of property than via the secondary market. My investments are a mixture of long term (30 year) patient money, where I'm happy to just sit back and collect the dividends, and short-term plays trading the bid-offer and bidding at a deep discount to sell at the 5 year point.
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Post by scepticalinvestor on Oct 6, 2020 6:34:22 GMT
From PP's perspective, I can see why they have delayed valuations, but it just doesn't sit right that the current valuations (and other data/metrics that follow) are largely still based off of pre-covid numbers and we are being asked to wait for another 6 months to (hopefully) get a current valuation.
Anyway, there isn't anything we can do about it.
I long ago decided to keep my remaining investments here until the 5 year point then exit (likely via sale of properties, as I can't see there being a demand for the shares at true value given the discounts on offer throughout the portfolio) Out of interest, does that mean you are also buying up discounted shares to (hopefully) profit at the 5 year exit point?
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IFISAcava
Member of DD Central
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Post by IFISAcava on Oct 6, 2020 8:23:59 GMT
I long ago decided to keep my remaining investments here until the 5 year point then exit (likely via sale of properties, as I can't see there being a demand for the shares at true value given the discounts on offer throughout the portfolio) Out of interest, does that mean you are also buying up discounted shares to (hopefully) profit at the 5 year exit point? not any more - I bought quite a bit when discounts were lower and before the changes to fee structure, but sold a bit after the changes and have enough exposure to this site and to property in general, so no need for additional risks.
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mrk
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Post by mrk on Oct 6, 2020 9:08:06 GMT
Anyone knows why the "Latest Share Valuation" values displayed on each property page are different from the "Latest valuation share price (£)" values shown in the CSV you get when you click "Download dashboard"?
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Post by longjohn on Oct 6, 2020 11:52:33 GMT
Anyone knows why the "Latest Share Valuation" values displayed on each property page are different from the "Latest valuation share price (£)" values shown in the CSV you get when you click "Download dashboard"?
I noticed that yesterday when I downloaded the Dashboard and the Property Data View and imported them into my spreadsheet. No change in either from last week. However, as you say, each property is now showing a slightly different valuation on its property page. Some up and some down.
I'll wait a day or two and look again.
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mrk
Posts: 807
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Post by mrk on Oct 6, 2020 12:43:28 GMT
Anyone knows why the "Latest Share Valuation" values displayed on each property page are different from the "Latest valuation share price (£)" values shown in the CSV you get when you click "Download dashboard"?
I noticed that yesterday when I downloaded the Dashboard and the Property Data View and imported them into my spreadsheet. No change in either from last week. However, as you say, each property is now showing a slightly different valuation on its property page. Some up and some down.
I'll wait a day or two and look again.
Glad it's not just me at least. I find it a bit disturbing that if I go and sell some shares it tells me my price is e.g. 15% below valuation, but actually if I take the valuation used in the dashboard it's maybe 25% lower. Update: PP have confirmed that it was an error and should now be fixed.
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Post by longjohn on Oct 6, 2020 16:47:59 GMT
Just had a look and all the data is updated properly and I have some dividends (yaay!) and the £1.20 fee (boo!)
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