LC&F -- Help! 😢

dunstonh

https://www.best-savings-rate.co.uk/m?utm_source=google&utm_medium=cpc&utm_term=%2Brates%20%2Binterest&utm_campaign=G%20-%20Interest&gclid=Cj0KCQiAkfriBRD1ARIsAASKsQLtSzsU33sHnyd5GXINhj9MQpbevhfrIXro5rdSEAC297sMjHuJZXYaAqawEALw_wcB

There you go. Look at all those high risk or risk based options with the "security" box ticked.

There are referrer links in there. So, Blackmore are paying sites like this.

Blackmore currently has 5 stars on Trust pilot with 450+ reviews. That is 450+ mugs as I bet hardly any of them realise the risk. Trust pilot is so easily manipulated.

David_Evans

dunstonh wrote: »

https://www.best-savings-rate.co.uk/m?utm_source=google&utm_medium=cpc&utm_term=%2Brates%20%2Binterest&utm_campaign=G%20-%20Interest&gclid=Cj0KCQiAkfriBRD1ARIsAASKsQLtSzsU33sHnyd5GXINhj9MQpbevhfrIXro5rdSEAC297sMjHuJZXYaAqawEALw_wcB

There you go. Look at all those high risk or risk based options with the "security" box ticked.

There are referrer links in there. So, Blackmore are paying sites like this.

Blackmore currently has 5 stars on Trust pilot with 450+ reviews. That is 450+ mugs as I bet hardly any of them realise the risk. Trust pilot is so easily manipulated.

You're right - that website is misleading.

I wonder if the name ''Blackmore'' was chosen to sound a bit like ''Blackrock''...?

Silly_Shirl

Why aren't trading standards involved with outright lies?
There's obviously NO 'security', hence they've finally been exposed as unfair and misleading.

David_Evans

dunstonh wrote: »

https://www.best-savings-rate.co.uk/m?utm_source=google&utm_medium=cpc&utm_term=%2Brates%20%2Binterest&utm_campaign=G%20-%20Interest&gclid=Cj0KCQiAkfriBRD1ARIsAASKsQLtSzsU33sHnyd5GXINhj9MQpbevhfrIXro5rdSEAC297sMjHuJZXYaAqawEALw_wcB

Blackmore currently has 5 stars on Trust pilot with 450+ reviews. That is 450+ mugs as I bet hardly any of them realise the risk. Trust pilot is so easily manipulated.

Or just 450 fake reviews generated by Blackmore etc..?
Can't be that expensive to pay someone in Mumbai to create 450 fake reviews.

David_Evans

Silly_Shirl wrote: »

Why aren't trading standards involved with outright lies?
There's obviously NO 'security', hence they've finally been exposed as unfair and misleading.

There is 'security' - just not very good.

Trading Standards are busy paying kids to buy vodka etc.
They'd just refer you to FSA etc.

Silly_Shirl

These sound so convincing....

PHASE 4 NOW OPEN
7%-11% Bonds
Future Renewables Eco (FRE) plc is a renewable energy company established to take advantage of opportunities in the UK clean energy sector. Our established relationships with landowners, developers, planners and energy companies across the UK allow us to identify and capitalise early on potential opportunities.
Investment Bond with Added Security
Future Renewables Eco Plc has appointed a Security Trustee on behalf of all our Bondholders. The Security Trustee will act on behalf of the Bondholders in the event of default but cannot guarantee any return of monies invested.
Each phase that Future Renewables Eco Plc release is fully asset-backed and the sites are insured.

masonic

Silly_Shirl wrote: »

These sound so convincing....

Not to anyone who has any understanding of the sector and its risks. If you don't understand the investment then you shouldn't invest. And if it sounds too good to be true, it probably is.

Edit: If you'd like an example to illustrate the risk with these types of investment, I once lent a small amount of money in a P2P loan to a company who were involved in constructing wind turbines. The loan was secured on a completed installation that was just awaiting connection to the grid, the money being used to support additional such projects. The company went into administration before any real progress had been made. It transpired that quite a bit of extra work needed to be done to complete the project and connection to the grid. This made it difficult to find a buyer as they would either need to provide funding to complete the project or buy the site outright. During this time the lease on the land had to be paid. Eventually the site was auctioned, and after fees gave rise to a 70% capital loss (that means the asset sold for 20% of the initial valuation). This was quite a good outcome considering the issues.

David_Evans

masonic wrote: »

. During this time the lease on the land had to be paid..

This would be the issue for me.
The company didn't own the land, so it wasn't a good asset.
If they'd owned the site freehold - how would that have affected the sale price?

David_Evans

Silly_Shirl wrote: »

These sound so convincing....

PHASE 4 NOW OPEN
7%-11% Bonds
Future Renewables Eco (FRE) plc is a renewable energy company established to take advantage of opportunities in the UK clean energy sector. Our established relationships with landowners, developers, planners and energy companies across the UK allow us to identify and capitalise early on potential opportunities.
Investment Bond with Added Security
Future Renewables Eco Plc has appointed a Security Trustee on behalf of all our Bondholders. The Security Trustee will act on behalf of the Bondholders in the event of default but cannot guarantee any return of monies invested.
Each phase that Future Renewables Eco Plc release is fully asset-backed and the sites are insured.

Quick look shows an attempted strike off action in 2017.
Looks like they rent the land the wind turbines are put on.
Only 4 members of staff..?

I'd prefer to buy bonds from National Grid.
Or buy the land the turbines are on - if possible?

masonic

David_Evans wrote: »

This would be the issue for me.
The company didn't own the land, so it wasn't a good asset.
If they'd owned the site freehold - how would that have affected the sale price?

An acre of agricultural land in Northern Ireland would sell for about £12,500. The sale price without freehold over the land was £467,500 (net proceeds just over £300k), so I don't think the freehold would have made a lot of difference.

At the time of the sale it was commented that in the past 18 months the value of wind turbines had dramatically reduced, especially in Northern Ireland, where the appetite for investment in the alternative energy sector has fallen.