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Anyone heard of Century21?
27 replies
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don9999
Forumite 580 posts
I have been cold called by this company, asking if I would be interested in investing in the 'Tyram Lakes Mini-Bond'.
Now, don't worry, I have NO intention of investing anything, and would never do so with a 'company' that has cold called me.
However, I'm just interested to hear what their angle might be.
Their web site: http://www.century21ih.co.uk/index.html
A very quick look online shows that the Tyram Lakes Hotel development appears to be genuine, but I don't have the time or inclination to investigate how Century21 may or may not be connected with it.
Has anyone heard of them or had any experience of them?
Now, don't worry, I have NO intention of investing anything, and would never do so with a 'company' that has cold called me.
However, I'm just interested to hear what their angle might be.
Their web site: http://www.century21ih.co.uk/index.html
A very quick look online shows that the Tyram Lakes Hotel development appears to be genuine, but I don't have the time or inclination to investigate how Century21 may or may not be connected with it.
Has anyone heard of them or had any experience of them?
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Replies
I presume they are a chain or franchise over there, you see them all over.
They dont cold call looking for investors.
So not the same company (but scammers usually try to sound legit)
It is still an investment which contains a material risk of 100% capital loss. And the standard warning about cold-calling still applies.
Their angle? Well, they get investor's money to build "eco-lodges" outside S!!!!horpe, if it's a success it will almost certainly deliver returns well in excess of the 8% they'll be paying to investors, if it fails, they've lost nothing and no doubt it will have kept the directors gainfully employed for a while.
cennnnturrrryyyy twennnnnty-oneeeeee
"The purpose of the margin of safety is to render the forecast unnecessary"
"The borrower is slave to the lender."
"Money is not to buy stuff. Money is to buy freedom."
"Every bit of savings is like taking a point in the future that would have been owned by someone else and giving it back to yourself"
"Energy flows where attention goes"
The investment 'looks' legit.
As with all property investments of this sort, there is going to be fair amount of risk.
I liked Malthusian's comment:
"Their angle? Well, they get investor's money to build "eco-lodges" outside S!!!!horpe, if it's a success it will almost certainly deliver returns well in excess of the 8% they'll be paying to investors, if it fails, they've lost nothing and no doubt it will have kept the directors gainfully employed for a while."
However, I just received a call from them (after their initial contact last week) and they apply high-pressure sales techniques to get you to 'register' !
RED FLAG WARNINGS straightaway.
Within the first 2 or 3 minutes I adised that "I had decided not to proceed as I didn't have the time to investigate the opportunity fully".
He went on for a further 20 minutes trying to persuade me 'just to register'.
Despite me repeating that I did NOT have the time to investigate the opportunity sufficiently to enable me to invest.
He persevered.....
"Doesn't cost anything to register"
"We can send you lots of information"
"We have experts here that can answer all your questions"
"The first investors have just received their first payments"
"We are involved with lots of high-profile companies - Wyndhams, Hoseasons...."
"You said last time that you were prepared to register"
etc...etc....
He was sending out all the wrong signals.
It may indeed be a valid/legal investment opportunity, but their contact is EXACTLY what it is like with a traditional boiler room scam (have been contacted by them in the past so know what it's like with them too)
He ended the call by swearing at me and hanging up!
Has anyone else been contacted by them......?
After your experience, how can you possibly think that?