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... just as we were talking about few days ago .... few articles
New research by Rightmove reveals letting agents report an average of 25 enquiries from prospective tenants for every property on offer.
One of Nottingham’s largest landlords reveals why tenants are struggling to get housing and why landlords are not to blame.
Never know when the next charges are coming
On BBC Radio Nottingham, Mick Roberts told presenter Sarah Julian why landlords “are not raking it in.”
He said: “A lot of landlords are not actually making money, with interest rates going up and legislation.
“For example, Nottingham’s selective licensing scheme costs landlords £900. What do tenants get from that, they get nothing! The more charges a landlord gets the more they put the rent up and if it doesn’t add up then they sell.”
He added: “You just never know when the next charges are coming next.”
Undersupply from landlords selling up
Mr Roberts says a lot of the frenzy in the rental market is undersupply from landlords deciding to sell up.
“I’d like to sell a lot of my properties but my tenants can’t get any properties anywhere. I wish they could get somewhere but they can’t. I’ve had some tenants for more than 26 years and if you’ve got morals and a conscience you look after them.
“You get one bad landlord down the road, the council say right, all landlords are going to have a charge now, and then what happens then, all tenants will suffer.”
Mr Roberts told Property118 that landlords have to suffer with over regulation.
“There have been over 176 new rules and regulations since 2015 all making rents more expensive. Who is benefiting from that?”
The full interview with Mick Roberts can be heard here at 1 hour 57.
Well if that's the case CP has no more excuses.... as that has been the obstacle to a main market relist and the minimum valuation required he claims we have been working to.... Its been HIS insistence for this preferred main market comeback as opposed to AIM not ours.
So come March when we should be "self funding" and hopefully at the £30m (depending on Deccan of course) so IPO can be done.... if the can is kicked again for more BS reasons then surely we can get enough shareholders together and call a EGM and oust him as CEO
With the safe full of gold
It would be like having safe and loosing the key
If the valuation gets beyond £30,000,000 mcap and he doesn't relist, what happens, what are we going to do.
Agreed bb !
.....@ 1.05... keep going Deccan... you are tearing pages from CP's book of excuses!
my most sincere suggestion would be to find a niche in this country- you really have to think outside the box perhaps unimaginable but still very probable
i remember walking into aldi or lidle - store in manchester back in 2003 and i thought wtf is this mess, but my senior then corrected me on the spot and his questions were simple
did i get my drink ? yes i did
is it full of customers? yes it was
so everything else is bull**** - and look at now where lidle or aldi are
back when tally was presented as an idea to us - all of a sudden which led to delist - from the suggestions i had then only one can help
tie tally to students
late teenagers and younger teens are the poorest in our society and they will get poorer
get chicken fried deals or gaming, whatever works - savings, school, stationery,
you have to tie tally to a particular segment with their particular need - only benefit of teenagers is that you automatically get parents onboard or at least interested and talking about it
many of us can propel the move, back it share it make it genuinely useful
compare it to current model
show me a positive personal message for a consumer and we are asking £9 for a global gold theory
Yes bb I agree I was starting to go off on a tangent
I work for a property company and my boss has hundreds of rental properties all over the country
Just outside of the M25, where I am working, these renters are paying close to £2k a month for a 2 bedroom flat
The thing is.. people are paying it - and the demand is so high for these flats
I don’t honestly know where folk are getting their funds from to pay that sort of money to live outside of london… especially if they are a low income household
I also don’t know how youngsters are expected to get onto the property ladder in affluent areas without either the bank of mum and dad or having a well paid job
Anyway.. back to the Tally IPO, with inflation at around 10% then that sort of suggests that there should be even less value to raise for a successful IPO!
News is the devil, there came be news daily not 24 hrs a day. News is the past, so it’s rather pointless hence, the media houses some of the most awful people on the planet selling and creating misery for money. It’s almost as bad as bombs and guns. I try to persuade my parents to stop watching and reading and believing the bs. They are hooked.
Best advice is never watch the news nor read it.
I love it when people block and stop them, even simple stuff like Lewis Hamilton cleverly stopping Sky sports and Lazenby sensationalism over the crash Sunday. They will hate what Hamilton did and will have to applause him and move on. Cleverly done we should all take note.
Media rant over. Breaking News hahahahaha Holy who jeez.
Spot on SM, i didn't want to rant on any further as i new i wouldn't stop!
I'm a landlord who's been battered to death with taxation thanks to Osborn the twat and I'm trying to exit the sector but have my tenants literally begging me not to sell as they know they will be paying 25% more if they have to find a place... IF THEY CAN FIND PLACE! ... with only 3 properties to let on Rightmove within a mile radius of my address..... they are struggling ...child care fees at ridiculous levels... and some MP saying it the work force asking for pay rises is what's fuelling inflation?? WTF... they said it was the ruskies/Ukraine... before that the bat flue... now it will be the middle east.. Ever wondered if anyone in those countries sits round with their friends saying "Jesus that Sunak fellow in the UK has lost the plot and i hope he gets the country sorted??? ... i think not!
Just been in the gym and hear... BREAKING NEWS JUST IN..... Holly willoby has quit this morning...
I really wanted to drop the two 40kg dumbbells on my head at that point!
Agree with your comments bb
It’s not just banking and supermarkets at it though
Utility suppliers
Builders merchants
Filling stations
All hiking prices together but slowly and hesitantly dropping them (and only by a fraction) when commodity prices fall.
The major players are in cahoots with their competitors of each respective industry
All out to flease the poorest in society, of which I am a member now because none of my darn shares have moved and tally has not yet relisted
I hope Deccan has the legs to get to 125/130 and beyond
BA - CP says we are locked in with Deccan until March/April 2024 if I remember correctly
I hope relist is before then and that the remaining family silver is not sold down just to keep the lights on
Yea you are right now I recall. Thx. It’ll be 0.002 by mid morning.
BA I think the product has legs but needs more publicity to get the push required… a person in the public eye would be great to push this but it has to be the right person to reach the right people…IPO CASH could allow that for sure…and to partner up with another larger financial organisation could work well ….as will other countries being involved. Plenty to play for here but like everything else needs some cash injected to see the results we hope for.
Yes dealer…he’s said a few times 4p or higher for main IPO
I am happy to discuss the product, offering, customers potential relist but discussing CP is where my brain refuse to proceed.
If we are locked in til Spring for deccan then spring is where it starts - well who knows
Did he moot an IPO price per share before. I can’t remember.
I'm sure we are locked in with Deccan until next spring time..... but if we reach a point where our Deccan assets meet our listing requirements it still counts towards company funds so can be assigned as valuation.
Stupid question re deccan
can CP just dump Deccan equity in open market and get out ?
All true, but how do we oust him if he doesn’t relist,
We haven’t been able to do anything. Is he genuinely interested or is he taking his money back through salary. Is he worried once listed he will be exposed as useless and ousted. He’s created a meal ticket i and don’t think he will give that up easily.
Shame as IPO means he can do the things he’s suggesting more easily.
I don't see why everyone is trying to compare Tally to a mainstream bank...its not and its not trying to be... its offering an alternative to the old boy network corrupt banking system who be ripping the public off for years! They use you're hard earned cash and pay a pittance in interest to you annually while lending it out and 3 or 4 times the rate under the guise of "its safe"... but anything over £85k isn't safe!
For years the banks have been ripping us off as there was no alternative (except stuff it in the mattress) and when there greed & corruption was exposed and the house of cards fell back in 2007/2008 with the sub prime fiasco what happened??... they used our our tax payer cash to bail out the greedy b'statrds for what???...just so they can do it again and keep the old boy network in the finest single malt and millions in bonuses!... just look at the mortgage rates in the last year and the poor buggers losing their properties!
The supermarkets are just the same and are there to make as much money as possible from everyone who walks through the door... keeping prices extortionately high for long as possible ripping off the poorest in society... then expecting the public to cheer when they drop prices by a % or two to make us think they are on our side! in the space of a year (pack of kipling bakewells from £1 to £2.75?? WTF?????)
Tally is just an alternative and a middle finger to these lot... and with after what happened to Nigel Farage the country is waking up to how they really work and what there agenda is.
Tally may grow... it may not .... IMHO we need the IPO to open up in other countries to get this going... Gold has always been popular and will always attract those who see the price climbing in years ahead... when we get to the £30m valuation there will be no more wriggle room for CP.. so its either get this relisted or we oust the man.... IF the main market refuses us then AIM it is.
You have to question the product for sure.
But get it listed and options open up more so. No list this dies very soon.
Tally...the major banks will shed no tears when TALLY folds. In fact, i wouldn't be surprised if they have been hindering progress with 'spanners in the works'.
Tally money is a stupidly daft concept...destined to failure and designed by a crook and an r/soul.
The banks are a major thorn in CP's side.
I guess Deccan might be the only hope of raising money - what CP does with the money cant be trusted by me only.
No one will back any new bank there’s no appetite in the market
Apparently he wont bring it to AIM and I am certain the main market wont entertain Tally admission
Is it a consumer product yet ? way too early to say - this is where fundamental problems arise
Short cycle and greed which leads consumption and consumerism - if considerable traction isn’t established early enough it gets really hard for products to survive
How many times Tally can pivot, flip, somersault -
A good commercial or marketing manager can still turn this product around and make it consumer first application - keep it a million miles away from being a bank or anything ludicrous about gold.
Think about it
Most dull and boring points-earning cards have more customers
Sadly all that comes back to the CEO and the board
Stupid question re deccan
can CP just dump Deccan equity in open market and get out ?
If Deccan gets to 125-130 we must be there it terms of valuation