Singing Pig

 MM

Well Im suitably impressed, a very succinct explanation of where we are now but made last year. If you have any thoughts on next year I would be happy to read them and give them due consideration.

thats my point though we are where we are now, and to get a return on these investments they need to be moved forward by the players at the table.

Unfortunate as that may be from whatever your standpoint that is the reality of the situation.

As you very rightly point out it is wise to consider other people comments and views.

mark

Mark

 Aaaah next year !!

 Hows about up to next Spring.

Here's a few :

• National Australia Bank's suprise recent complete write off of A$830million of US RMBA leaving ALL majors red faced as they realise the extent of off sheet exposures soon to mature/declare. This starts off the dominos. Citigroup will probably bomb sometime soon in Autumn with over $1 trillion undeclared exposure and little Federal support left to support anybody, least of all the dollar.
• UK M4 money supply is drying up like spit in sahara breeze within company accounts. Employer Cash Flow evaporation........................JOBS. Expect a waterfall of redundancies to begin October. 

  http://www.bankofengland.co.uk/statistics/fm4/2008/jun/CHART1.GIF

• American/Israeli foreign policy lurches even closer to the abyss in their apparent determination to confront Iran using dodgy intel for public reference regarding supposed nuclear weapon developments. Iran already has defensive missile placements on Abu Musa an island in Strait of Hormuz in Persian Gulf and mine layers at the ready. Unilateral US sanctions are now being actioned by legislation in both the House of Representatives and the Senate that will call for an air, ground and sea blockade of Iran. This is serious intent. Do not expect oil to get markedly cheaper any time soon. Hostilities in the region are possible over the Winter .
• Jonty Crossick & Craig Cameron no longer having UK market for their tosh decide to call it quits and pull down the shutters for Christmas.............for good.

 MM

As a newcomer to this forum I think I can add something to this thread. I also have a considerable interest in a land aquisition/development in coastal Montenegro via R2i with no connection to what has been discussed so far.There's no doubt that I and my colleagues invested in heady times and were excited by the possibilities of great returns along with most investors at that time.Nevertheless I am not a wreckless gambler and recognised the need to do what I could in terms of 'd.d.' from my end especially as this project was definately more of a speculative, rather than a straightforward, investment (if such a thing exists in Montenegro!)

Obviously I/we drove from Bristol to meet the Crossicks and get a feel for the company as I don't really trust my gut feelings over the telephone (and I like to talk to the guy who makes the cheese rolls!) After spending most of the day there I came away satisfied that I'd made the right decision.There was the supportive buzz of a family business and the Crossicks had an authoritative, but respected, management style.I suppose some might have raised an eyebrow at them using their own (adequately large) house for the business, but then so do I, and they've moved now anyway.

Also my partner and I went out to Montenegro for three weeks to visit the site and meet the key people on the ground.I wanted to be satisfied as to their legitimacy and competancy as far as I could judge.I'm glad to say that I left feeling happy with their ability to manage the project.

Now that we find ourselves in more turbulent times we have to trust the man at the helm more than we self-made types feel comfortable with but that's what we've signed up for.I think Jonty has been caught out by the unpredictable timing of events, as have we all, and the highly speculative nature of land development in emerging markets leaves us potentially more exposed than most...but then I believe the land values are very encouraging and the projects discussed on this thread are as yet unencumbered.It's where the banks go from here that's the joker in the pack, along with the changing shape of the global economy. I think we're in good hands though the situation is far from straightforward. At least R2i are visible and contactable, unlike many others I have heard of.

 

 

Just reading through what I've written I'm bound to say that 'projects discussed on this thread are as yet unencumbered' refers to land/development projects and not off-plan deals.Sorry for stating the obvious. I have had no experience of off-plan but I strongly suspect that the uncertainties surrounding many of these developments are rooted in finance terms agreed in a very different property investment climate and which probably wouldn't be arrived at now. This applies to most of the off-plan deals here as well of course and restructuring will very likely be the order of the day. You've just got to trust the people at the top to do the best thing at the time as I said.

Strange as it seems I heard the other day that tourist numbers are up by 20% this year in Turkey because of the relatively cheap Turkish Lira compared to the Euro.What goes around comes around I guess. 

CARE FOR ARGENTINA IN THE INTERIM, ANYONE  ??????

"Good neighbours" or manic, frenetic, frighteningly half assed proposed agents come professional brochure producers ??

 

 

Investors in our new Argentinean land deal - the Castillo Country Estate & Spa - are forecast to make a 100% return on a £25,000 investment in just 3 years. But investors that choose to hold for longer will be able to use the area's dynamic growth prospects to make even better returns of up to 250%. Here's how... "One of the most talked-about new wine regions on the planet" - The Observer Argentina's up-and-coming Valle de Uco wine region is home to many of the world's most famous wine producers' vines, including the globetrotting wine consultant Michel Rolland's Clos de los Siete, Baron de Rothschild's Flechas de los Andes and the French Lurton brothers. And investment isn't just being pumped into state of the art vineyards, the wineries themselves have been winning design awards for their cutting edge architecture. "Mendoza's bodegas are worth visiting for their stunning architecture, excellent restaurants and impressive facilities" - Decanter Magazine Salentein (pictured above) is a perfect example of the modern buildings springing up in the region. Designed by local architects Bormida & Yanzon and built using local materials, the Salentien estate now includes a main winery, restaurant, boutique hotel and the contemporary art gallery Killka (www.bodegasalentein.com, www.bormidayanzon.com.ar). As with other famous wine regions across the world, the effect that this high-end investment is having on property prices is significant. Local estate agents are quoting increases of 20-30% per year since 2003 and all the signs suggest this growth will continue. Over the last decade property values in established wine-producing areas have boomed. Prices in California's Napa Valley have increased by over 200% in the last decade, while Bordeaux's exclusive wine region remains home to some of France's most expensive real estate. The valuable effect of premium neighbours is obvious. Positioned between Clos de los Siete and Bodega J&F Lurton, the 5-star Castillo Country Estate & Spa will benefit from being both next door to these top designer-brands and from such a prime position on this exclusive wine trail. For more information about the deal call one of our property consultants today on 01273 627 900. Warm regards, Jonty & Alise Crossick

Have the roadshows been held ? Whats the latest situation regarding the funds?

An interested R2i investor/donor! 

It would appear that this thread is no longer just as easily accessable to the general public !! 

How clever - is that an office expense? as you pay to climb google rankings do you pay to be wiped off them?