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Post by propertycalf on Feb 28, 2019 12:53:57 GMT
Anyone expecting an announcement tomorrow? I'm hoping some more SPV's are paid out.. I've no reason to believe there won't be a Feb update; they have given them monthly so far. I would expect some more SPVs will have paid out, too. I've voted for selling out but none of my SPVs have been redeemed plus neither are any of them listed to be part of redemption batch 2 or pending valuation, so I'm hoping they get round to them soon before all of the money from investors looking to increase their holding dries up. I suspect I'll have a long time to wait as the SPVs I have left are duds that I couldn't shift on the SM before it was closed. It appears to me that the further funds invested have already dried up.. Wouldn't it be better for them to get rid of us who want out? They obviously don't want to have to finance funds to get rid of us from banks, I think we've been patient enough though!
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Post by sayyestocress on Feb 28, 2019 13:59:02 GMT
I've no reason to believe there won't be a Feb update; they have given them monthly so far. I would expect some more SPVs will have paid out, too. I've voted for selling out but none of my SPVs have been redeemed plus neither are any of them listed to be part of redemption batch 2 or pending valuation, so I'm hoping they get round to them soon before all of the money from investors looking to increase their holding dries up. I suspect I'll have a long time to wait as the SPVs I have left are duds that I couldn't shift on the SM before it was closed. It appears to me that the further funds invested have already dried up.. Wouldn't it be better for them to get rid of us who want out? They obviously don't want to have to finance funds to get rid of us from banks, I think we've been patient enough though! As our hands are tied, as in we can only leave when they let us, I suspect they're in no rush to get rid of us. The Feb update (released earlier today) mentions being in legals on finance so hopefully that actually goes through to cash us out. Though they have been talking about this for months and months so I'm not holding my breath.
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Post by propertycalf on Mar 2, 2019 12:00:04 GMT
Should borrowing say around 500-600k to pay out exiting investor's take so long with a portfolio of all those properties?
Suppose it has always appeared that the mantra by pm is that any money is better in their banks rather than members accounts, even if that just means couple more months
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hazellend
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Post by hazellend on Mar 16, 2019 20:54:02 GMT
I logged on to PM today to find cash on my account for two properties SPV 10 and 14
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littleoldlady
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Post by littleoldlady on Mar 16, 2019 21:32:18 GMT
I logged on to PM today to find cash on my account for two properties SPV 10 and 14 How much did you lose on those? SPV16 sold as well, I lost about 20% on that.
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nw99
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Post by nw99 on Mar 17, 2019 6:08:30 GMT
Got paid out as well on those 2 as well .
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hazellend
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Post by hazellend on Mar 17, 2019 9:42:50 GMT
I logged on to PM today to find cash on my account for two properties SPV 10 and 14 How much did you lose on those? SPV16 sold as well, I lost about 20% on that. SPV 10 - about 10% loss SPV 14 - about 25% loss
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Post by davids on Mar 17, 2019 9:49:28 GMT
I was in SPV15 and so far nothing on the PM account
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kaya
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Post by kaya on Mar 17, 2019 12:17:20 GMT
Still nothing from 23/41/65/75/81
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littleoldlady
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Post by littleoldlady on Mar 17, 2019 12:58:03 GMT
It's early days, but so far losses have been less than I feared. On the other hand maybe they are cherry picking the best cases first.
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pom
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Post by pom on Mar 17, 2019 13:31:33 GMT
It's early days, but so far losses have been less than I feared. On the other hand maybe they are cherry picking the best cases first. Huh?? Apart from the very few properties still waiting on valuation we now know what the losses are...hardly early days
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hazellend
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Post by hazellend on Mar 17, 2019 14:36:32 GMT
Yes losses are as stated in the communications this year. No surprises.
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littleoldlady
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Post by littleoldlady on Mar 17, 2019 15:56:05 GMT
Yes losses are as stated in the communications this year. No surprises. I had no internet in Jan & Feb and over 1000 emails (mostly spam) got deleted so I may have missed that. How was it communicated to us?
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hazellend
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Post by hazellend on Mar 17, 2019 16:06:54 GMT
Yes losses are as stated in the communications this year. No surprises. I had no internet in Jan & Feb and over 1000 emails (mostly spam) got deleted so I may have missed that. How was it communicated to us? They sent out emails giving values for option 1 vs option 2 for each SPV you heId. You’ve missed a lot, please email PM
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Post by queenvictoria on Mar 17, 2019 20:39:36 GMT
How much did you lose on those? SPV16 sold as well, I lost about 20% on that. SPV 10 - about 10% loss SPV 14 - about 25% loss Ah yes bingo. Some money in my account too SPV 14 @ -16.5% SPV 15 @ - 25% As expected so any disappointment has already dissipated
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