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[kimboy2] 27/11/2022 10:11

There is nothing about it on the front page of my copy of the Sunday Times.

[wskill] 27/11/2022 09:09

Yes very true at least there have property assets in HOME ,unlike this huge crypto ponzi scheme which will be spoken about like the south sea bubble and the 16th century tulip bulb bubble in the future.

[spectoacc] 27/11/2022 08:43

Thanks @CWA1.

Looking forward to reading it, but what a situation. There's one in every crash, and I doubt this will even be the largest.

Pales in comparison to crypto I guess.

[cwa1] 27/11/2022 08:00

Featured prominently on the front page of the Sunday Times this morning. Nothing anyone here didn't already know, just a summary of the situation really

[dodddy] 26/11/2022 09:22

Open your eyes and smell the coffee. Hope isn't a strategy

[nexusltd] 25/11/2022 21:22

Alvarium's client list.
From Home RNS, principals: Mark Thompson, Eddie Nissen, Oliver Kenyon

Edit: Home RNS regarding investment advisor




Edit:
Alvarium subsidiary advising HOME

[williamcooper104] 25/11/2022 20:34

Taking that thought further I'm thinking it's more likely that this turns out to be good (at a price) assets, bad management (I stress that I await to see what they come back with; so not saying that is definitely the case) If that is the case; then build a position at a low/lower share price and lobby BoD to change management - especially as there's a Blue Peter, one I prepared earlier, management platform with Atrato

[williamcooper104] 25/11/2022 20:25

Atrato - who manage SUPR have a management team ready to go, and have spent a lot of time looking at what's wrong with the sector and how to get a model that the public sector is happy with If it's a case of fundamentally good assets (albeit worth quite a bit less than historic red book; and at a price these have to be good assets) but bad management then shareholders could do far worse than replace the external manager Better that than see it crash and be PEd I'm no longer a shareholder but if were would be writing to the BoD on this

[williamcooper104] 25/11/2022 19:19

Probably one of the best threads I've read on ADVFN Refreshing to see intelligent discussion rather than usual childish stuff you get when a stock gets short attacked

[nexusltd] 25/11/2022 19:19

@ William indeed! It's gonna be a tough AGM!

[williamcooper104] 25/11/2022 19:15

Oldest rule of accounting Bad numbers take longer to add up than good ones

[nexusltd] 25/11/2022 19:11

HOME's board have onerous statuary duties to the shareholders, failings in these will open them up to legal proceedings, possible prosecution and career termination. They will have hauled Knights Frank in for interviews and made enquiries of BDO. The board has to sign off the detailed point by point rebuttal and the AR. I expected this delay given the late timing of the VR attack in the audit and AR publication process. Finger in the air guess, three weeks.

[dodddy] 25/11/2022 19:01

CYA time for BDO

[dodddy] 25/11/2022 19:01

What else could they say ?

[tradez4dayz] 25/11/2022 18:54

Potentially getting auditors to sign off on the rebuttles to give it additional weight? Or just a further warning sign...

[george stobbart] 25/11/2022 18:53

Short this Ponzi scheme with both fists

[dodddy] 25/11/2022 18:37

This whole thing stinks

[74tom] 25/11/2022 18:23

Results delayed pending an enhanced set of audit procedures...

"As directors and shareholders, we share investors' frustration at the delay of the Company's full year results due to the actions of Viceroy. It is important that the Company continues to adhere to the highest standards of financial reporting and we welcome the additional verification process currently being undertaken by BDO."

[dodddy] 25/11/2022 18:20

Take a look at the LHA rates for the areas

[tradez4dayz] 25/11/2022 17:28

Really interesting what has been coming out.
For me I am still on the fence, having looked into Alvarium they also manage Lxi and seem to be highly professional.
Don't really see how they would have let a spin off manager go rouge and undertake in all this activity which is being allegated. For me the Alvarium side gives me a little more comfort though.
Will be interesting to see what Monday brings.

[74tom] 25/11/2022 16:50

Goodness me I’ve just seen that, all I can say is good luck to the fund manager. And no problem Bozzy, this is about as exciting as the market gets at present…