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Yep 116….let’s hope it continues so we can ask questions at the end of month Q&A…. CP said The amount needed to IPO was between £3-£6m …..£3m must be the upper limit now surely??
Go Deccan Go!
Deccan 110 now……. And we have 14m shares…. Agree 100% SM it’s time to get the paperwork in order…come on CP do the right thing.
Treble I’m sure assets are classed as assets regardless… perhaps a maximum % is only allowed I’m not sure on this one.
I’m sure CP alluded to the fact our assets held would have an assigned value and contribute to the overall valuation towards the required £30m…. Happy to be corrected on that one.
Either way I’d say Deccan are on the ascend over the next 6-12 months so come March/April next year once the lock in period has passed we can liquidate our holdings to cash if that’s what needs to be done.
Might be worth holding these for a while as long as the asset value can be assigned to Tallys bottom line.....
India's first large private gold mine to begin full-scale production by end of next year: DGML MD | News08 Oct 2023, 12:02PM IST
Deccan Gold Mines Ltd is set to begin full-scale production at its Jonnagiri gold project in Andhra Pradesh by the end of next year. The mine, which is the country's first large private gold mine, is expected to produce about 750 kilograms of gold per year. The company has invested around Rs 200 crore in the project so far and is currently producing about one kilogram of gold per month.
i've never orchestrated any shareholder revolts so i'm not sure of the process.... but it wont look good for cp or tally for that matter if a group is formed from disgruntled shareholders who feel ripped off who start an action group against the company or the ceo.
i'm sure there are a few on here much more qualified to set something up but we would have to be careful as far as timing.... as it would harm any chance of tally relisting/ successful ipo with a revolt going on at the same time and just give cp yet another reason to kick the can blaming us for the bad publicity.. i wouldn't put anything past him.
come march/april and both the "self funding" & hopeful £30m valuation status reached ...we have to make it clear there will be no further delays accepted for relisting and make clear our intentions on a vote of no confidence in him and the way the company is being run... either relist or dissolve the company and share the valuation between share holders.
i'm hoping it will never come to that and he grows a pair... and gets this off the ground as i honestly think tally could go places... instead of dragging us around on our knees for another year... we have all have enough and 5 years is taking the **** in my book.
Landlords leaving in droves due to tax policies
by Property118.com News Team
11:03 AM, 5th September 2023, About a month ago 11
Text Size
Landlords leaving in droves due to tax policies
An industry body is urging all politicians to have an urgent re-think on tax policy for landlords.
The Association of Inventory Clerks claims the recent tax rule changes are a major reason why landlords are leaving the private rented rector.
The industry body argues that landlords are being treated unfairly over current tax arrangements. In England and Northern Ireland, at the point of purchase, landlords must pay an extra 3% of Stamp Duty Land Tax on any buy-to-let.
Hammered for tax
Daniel Evans, chair of the Association of Independent Inventory Clerks, says landlord businesses have become unprofitable.
He said: “Landlords have been singled out and are now being hammered for tax. It’s been open season on them for far too long and the PRS has suffered untold damage because of it.
“They are leaving in droves – even though rents are rising. That can’t be right. Their profits are all going to the tax man.”
PRS is in crisis
Mr Evans says that landlords have been hit by rising charges unfairly.
“Every landlord is hit by other rising charges, like the cost of maintenance and repairs and the extra expense of new energy efficiency regulations, but it is the landlord tax policy which hurts them the most – no other business is taxed in this way.”
Political parties will soon be starting their party conferences with housing on the agenda. Mr Evans says that politicians need to know that undersupply will only continue to worsen.
Mr Evans continued: “Our senior politicians have to understand that the PRS is in crisis right now and it is a special case.
“There is a chronic undersupply of homes all over the UK and landlords continue to sell up which will only serve to make the situation worse for tenants.
“All they’re asking for is a level playing field on which to conduct their business. That can’t be too much to ask, can it?”
... 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
.....@ 1.05... keep going Deccan... you are tearing pages from CP's book of excuses!
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!
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'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.
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.
If Deccan gets to 125-130 we must be there it terms of valuation
In the RNS CP seemed please to reiterate the point of becoming self financed/ funded ( whatever words he used) in the next quarter and how that would be looked favourably on come the IPO…yes yes I know it’s just more words from a compulsive master of BS …. But if Deccan keeps going we may arrive at a point where we don’t need 3-6 mill IPO it may just be 1 or 2m which for FS surely that can be raised on a Tuesday lunchtime!
His excuses for delaying are running thin IMHO
Agree SM.... its a tiny amount needed for someone who has a seat at the world banking table ;-)...
the Table costs more than we need!