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Post by kris on Feb 15, 2019 9:17:05 GMT
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Post by Deleted on Feb 15, 2019 9:19:41 GMT
Not sure about investing, sounds like spending other people's money [before it is realised].
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Post by Deleted on Feb 15, 2019 9:26:23 GMT
We were reading about that yesterday, and were quite surprised ... not recalling any mention of it being a 'plan'.
But trying to be impartial, it seems a better investment than marinas, superficially anyway.
Cheaper to run and just count the rents.
Let's be honest we all want C&RT to have bags of money ... just want a say in where it's spent.
Rog
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Post by Deleted on Feb 15, 2019 9:42:31 GMT
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Post by kris on Feb 15, 2019 9:50:45 GMT
But trying to be impartial, it seems a better investment than marinas, superficially anyway. Cheaper to run and just count the rents. Rog I would question if it is a better investment or not? Surely the marinas is nearer to carts core objectives, than being an industrial unit landlord?
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Post by Deleted on Feb 15, 2019 9:54:22 GMT
I would not gainsay it ... however I was thinking more best return for least outlay.
We have to accept that as a trust C&RT have to generate income.
I still feel that what they do with the income is more important I.e. focussing on maintaining/improving the system.
Rog
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Post by kris on Feb 15, 2019 9:56:21 GMT
I would not gainsay it ... however I was thinking more best return for least outlay. We have to accept that as a trust C&RT have to generate income. I still feel that what they do with the income is more important I.e. focussing on maintaining/improving the system. Rog The marinas generated about £4 million a year for cart.
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Post by Deleted on Feb 15, 2019 10:03:10 GMT
You can't profitably generate long term income by selling off properties. As far as I can see this multi million pound asset is being managed by people with very little asset management experience, and even less financial planning. I've worked in several sectors from the Civil Service, to local Authorities, from large to small SME's, and when shove comes to push, the man at the helm needs to know what his goals are, and he needs good lieutenants to deliver. With respect to the CRT, I get the impression the tail is wagging the dog, probably several tails, not sure how many dogs.
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Post by Deleted on Feb 15, 2019 10:09:47 GMT
I would not gainsay it ... however I was thinking more best return for least outlay. We have to accept that as a trust C&RT have to generate income. I still feel that what they do with the income is more important I.e. focussing on maintaining/improving the system. Rog The marinas generated about £4 million a year for cart. And the new portfolio projections? Rog
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Post by kris on Feb 15, 2019 10:25:22 GMT
The marinas generated about £4 million a year for cart. And the new portfolio projections? Rog Who knows? I suppose time will tell. Personally I think it is a mistake to move away from core interests. The investment arm of loyds who bought the marinas obviously think they are a good investment.
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Post by Deleted on Feb 15, 2019 10:28:51 GMT
And the new portfolio projections? Rog Who knows? I suppose time will tell. Personally I think it is a mistake to move away from core interests. The investment arm of loyds who bought the marinas obviously think they are a good investment. no, they havent bought the marinas, they've financed the consortium who have bought the marinas, presumably they did their figures, worked out that it was a safe investment from their standpoint nothing to do with buying properties, all to do with ROI.
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Post by kris on Feb 15, 2019 10:31:35 GMT
Who knows? I suppose time will tell. Personally I think it is a mistake to move away from core interests. The investment arm of loyds who bought the marinas obviously think they are a good investment. no, they havent bought the marinas, they've financed the consortium who have bought the marinas, presumably they did their figures, worked out that it was a safe investment from their standpoint nothing to do with buying properties, all to do with ROI. Whatever, they obviously thought it was a good financial investment otherwise they wouldn't have put money in.
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Post by Deleted on Feb 15, 2019 10:33:14 GMT
I would not gainsay it ... however I was thinking more best return for least outlay. We have to accept that as a trust C&RT have to generate income. I still feel that what they do with the income is more important I.e. focussing on maintaining/improving the system. Rog Surely the income from selling off significant assets [the marinas] hardly compares with the cost of a few sheds on land you already own but have no other use for in the foreseeable future?
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Post by Deleted on Feb 15, 2019 10:37:11 GMT
no, they havent bought the marinas, they've financed the consortium who have bought the marinas, presumably they did their figures, worked out that it was a safe investment from their standpoint nothing to do with buying properties, all to do with ROI. Whatever, they obviously thought it was a good financial investment otherwise they wouldn't have put money in. Well it's not a big risk if they have the security of the asset [the marinas] plus the capital of the management consortium [their houses!] Here's my proposal to an investor Assets value £100M Asset costs £80M Value of consortium [personal pledged] assets £20M Annual income after all costs, including management fees and directors salaries and bonuses. £5M Bankers don't take risks.
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Post by ched on Feb 15, 2019 11:03:10 GMT
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