p2pfan
Member of DD Central
Full-Time Investor
Posts: 781 
Likes: 889
|
Post by p2pfan on Jul 8, 2021 12:21:32 GMT
I see that the CrowdProperty third round of fundraising campaign has gone live on Seedrs this morning. A chunky £256,046 from 53 investors already raised, at the time I'm posting this. Looks tempting to invest into. CP very much appears to be one of the better run P2P platforms. Furthermore, the EIS tax relief makes it more appetising to get a few bob of my taxes back from Mr Sunak. But I've also been lending quite a bit through the platform, so not sure about doubling up on risk. Those poor souls who invested their hard-earned money into TheHouseCrowd's Seedrs campaign stand to lose everything (even though of course - fingers crossed - CrowdProperty is a superior business and has better prospects... one hopes). These investments are largely illiquid, so one of my primary concern is the exit plans, but I've not had a chance to study the documentation yet for the intentions on that front and how realistic they are. What are your thoughts on investing into this fundraise? |
|
jj
Member of DD Central
Jolly Jammy
Posts: 320
Likes: 358
|
Post by jj on Jul 8, 2021 12:37:16 GMT
It seem like they have valued the shares at 50% more than the last time.
Can't see much profit for the new shareholders here unless CP grows at an exponentially rate going forward.
So not a bargain at these prices IMHO.
|
|
p2pfan
Member of DD Central
Full-Time Investor
Posts: 781
Likes: 889
|
Post by p2pfan on Jul 8, 2021 23:33:54 GMT
It seem like they have valued the shares at 50% more than the last time.
Can't see much profit for the new shareholders here unless CP grows at an exponentially rate going forward.
So not a bargain at these prices IMHO.
Interesting observations. Thanks. It states on the new fundraise page that the current share price is "£21.78". How can one determine what the shares were worth in the two previous fundraises please? It doesn't give a share price on the two previous fundraises' pages (e.g. this, the second one, from March 2019). Is it on the basis of the equity percentage being offered as a proportion of the amount being raised? Is there an iron-clad guarantee that one's share holdings won't be diluted?
|
|
metoo
Member of DD Central
Posts: 555 
Likes: 432
|
Post by metoo on Jul 8, 2021 23:46:46 GMT
It states on the new fundraise page that the current share price is "£21.78". How can one determine what the shares were worth in the two previous fundraises please? It doesn't give a share price on the two previous fundraises' pages (e.g. this, the second one, from March 2019). Is it on the basis of the equity percentage being offered as a proportion of the amount being raised? Is there an iron-clad guarantee that one's share holdings won't be diluted? Click "View price history". R1 20 Dec 2017 £5.90 £5.9M pre-moneyR1 29 Apr 2019 £13.68 £15.7M pre-moneyR3 now £21.78 £29.4M pre-money
Shares issued are new shares. There is therefore some dilution of existing shares. The equity percentage shown will change as the funded amount changes.
Clearly the business has grown over that period.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
|
Post by ilmoro on Jul 9, 2021 7:01:14 GMT
It seem like they have valued the shares at 50% more than the last time. Can't see much profit for the new shareholders here unless CP grows at an exponentially rate going forward. So not a bargain at these prices IMHO.
Interesting observations. Thanks. It states on the new fundraise page that the current share price is "£21.78". How can one determine what the shares were worth in the two previous fundraises please? It doesn't give a share price on the two previous fundraises' pages (e.g. this, the second one, from March 2019). Is it on the basis of the equity percentage being offered as a proportion of the amount being raised? Is there an iron-clad guarantee that one's share holdings won't be diluted? No iron clad guarantee but the shares usually have pre-emption rights which entitles you to participate in future rounds to maintain your holding. However, pre-emption rights can be waived & in some cases there is a minimum investment amount which effectively prevents small holders from taking up rights.
|
|
p2pfan
Member of DD Central
Full-Time Investor
Posts: 781
Likes: 889
|
Post by p2pfan on Jul 15, 2021 0:42:03 GMT
I've just taken a look at the fundraise on Seedrs and was surprised to see CrowdProperty have already raised £1,035,617 from 428 investors, which is 129% of their target. Such a successful fundraise certainly shows a substantial number of people have confidence in the business. CP are certainly one of the best P2P networks out there, so I suppose it is inevitable people will want a slice of the company. |
|
sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428
Likes: 1,212
|
Post by sqh on Jul 23, 2021 12:31:14 GMT
CrowdProperty RepresentativeHi I would be interested in investing in the Fund Raise directly, but not through Seedrs. Is this possible? I have done this before with another platform.
|
|
qlassa
Member of DD Central
Posts: 57
Likes: 25
|
Post by qlassa on Aug 7, 2021 9:25:43 GMT
CrowdProperty Representative Hi I would be interested in investing in the Fund Raise directly, but not through Seedrs. Is this possible? I have done this before with another platform. Hi, what's the benefit please, more direct interaction or control with management and other VC equity holders? Also did you manage to invest directly? Thanks.
|
|
|
|
Post by Ace on Aug 7, 2021 12:13:41 GMT
CrowdProperty Representative Hi I would be interested in investing in the Fund Raise directly, but not through Seedrs. Is this possible? I have done this before with another platform. Hi, what's the benefit please, more direct interaction or control with management and other VC equity holders? Also did you manage to invest directly? Thanks. The main advantage of investing directly rather than via Seedrs would be that you would avoid the potentially high Seedrs fees.
|
|
qlassa
Member of DD Central
Posts: 57
Likes: 25
|
Post by qlassa on Aug 7, 2021 22:20:49 GMT
Hi, what's the benefit please, more direct interaction or control with management and other VC equity holders? Also did you manage to invest directly? Thanks. The main advantage of investing directly rather than via Seedrs would be that you would avoid the potentially high Seedrs fees. Ok thanks, thought there were other benefits except for the economic benefits of avoiding fees..
|
|
sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428
Likes: 1,212
|
Post by sqh on Aug 11, 2021 4:20:49 GMT
The main advantage of investing directly rather than via Seedrs would be that you would avoid the potentially high Seedrs fees. Ok thanks, thought there were other benefits except for the economic benefits of avoiding fees.. Sorry, I should have explained. Seedrs currently charge a 1% fee to invest, that's reasonable. Seedrs also charge a 7.5% fee on any profits you make. That may be reasonable for small investments, which to be fair, is what Seedrs is all about. I was prepared to make a 5 figure investment so wanted to go direct and avoid the 7.5%.
|
|
|
|
Post by multiaccountmanager on Aug 11, 2021 8:09:37 GMT
Ok thanks, thought there were other benefits except for the economic benefits of avoiding fees.. Sorry, I should have explained. Seedrs currently charge a 1% fee to invest, that's reasonable. Seedrs also charge a 7.5% fee on any profits you make. That may be reasonable for small investments, which to be fair, is what Seedrs is all about. I was prepared to make a 5 figure investment so wanted to go direct and avoid the 7.5%. As I understand it, Seedrs investments qualify for tax relief. 50% of the amount invested is deductible at the highest income tax rate and can be carried back one year. The other 50% can be offset against CGT. When the investment is sold, CGT is not payable on the portion originally eligible for Income Tax relief The 7.5% profits charge needs to be viewed in context. WARNING I am not an adviser or qualified in tax law.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
|
Post by ilmoro on Aug 11, 2021 9:20:21 GMT
qlassa Sorry, I should have explained. Seedrs currently charge a 1% fee to invest, that's reasonable. Seedrs also charge a 7.5% fee on any profits you make. That may be reasonable for small investments, which to be fair, is what Seedrs is all about. I was prepared to make a 5 figure investment so wanted to go direct and avoid the 7.5%. As I understand it, Seedrs investments qualify for tax relief. 50% of the amount invested is deductible at the highest income tax rate and can be carried back one year. The other 50% can be offset against CGT. When the investment is sold, CGT is not payable on the portion originally eligible for Income Tax relief The 7.5% profits charge needs to be viewed in context. WARNING I am not an adviser or qualified in tax law. Wont be many that qualify for the 50% SEIS relief, most tend to be the 30% EIS relief
|
|
rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
|
Post by rocky1 on Feb 15, 2023 16:57:55 GMT
fourth round of fund raising coming soon on seedrs.not registered so do not know full details of reasons for further raises.
|
|
|
|
Post by Ace on Feb 27, 2023 8:26:58 GMT
|
|
